PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567180
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567180
Cognitive Automation Market, By Component, By Technology, By End User (Banking, Financial Services, and Insurance, IT and Telecommunications, Manufacturing, Healthcare, Retail and E-commerce, and Others), By Geography
Global cognitive automation market is estimated to be valued at USD 11.03 Billion in 2024 and is expected to reach USD 49.86 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 24% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 11.03 Bn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 24.00% | 2031 Value Projection: | US$ 49.86 Bn |
Cognitive automation is the emerging convergence of artificial intelligence technologies that automate knowledge work using a combination of machine learning, natural language processing and other analytic techniques. It helps organizations to address pressing business challenges through streamlining operations, cutting costs, improving decision making and augmenting human capabilities. Global cognitive automation market growth is driven by increasing adoption of AI technologies across industries and growing need for enhancing productivity and optimizing business processes. Key capabilities like machine learning, natural language processing, computer vision and predictive analytics transforms routine tasks and enables automation at scale.
Market Dynamics:
Global cognitive automation market growth is driven by several factors such as growing need for business process optimization and cost reduction, increasing demand for virtual assistance and chatbots, expansion of AI capabilities including machine learning and natural language processing. Moreover, rapid advancements in cognitive computing technologies and proliferation of smart devices can also drive the market growth. However, challenges related to data security, lack of standardized processes and integration issues can hamper the market growth. Emerging opportunities include increasing investments in AI startups, rising adoption of cognitive automation in developing economies and integration of cognitive capabilities with robotic process automation.
Key features of the study:
This report provides in-depth analysis of the global cognitive automation market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global cognitive automation market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Accenture, Automation Anywhere, Blue Prism, Brain Corp, Cognizant, DataRobot, Google Cloud (Alphabet Inc.), IBM, Kofax, Microsoft, NICE Systems, Pegasystems, Salesforce, SAP, and UiPath
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global cognitive automation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cognitive automation market
Detailed Segmentation-
- By Component Insights (Revenue, USD Bn, 2019 - 2031)
- Solutions
- Services
- By Technology Insights (Revenue, USD Bn, 2019 - 2031)
- Machine Learning
- Natural Language Processing
- Computer Vision
- Robotic Process Automation
- Others
- By End User Insights (Revenue, USD Bn, 2019 - 2031)
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecommunications
- Manufacturing
- Healthcare
- Retail and E-commerce
- Others
- By Regional Insights (Revenue, USD Bn 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Accenture
- Automation Anywhere
- Blue Prism
- Brain Corp
- Cognizant
- DataRobot
- Google Cloud (Alphabet Inc.)
- IBM
- Kofax
- Microsoft
- NICE Systems
- Pegasystems
- Salesforce
- SAP
- UiPath
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Cognitive Automation Market, By Component
- Global Cognitive Automation Market, By Technology
- Global Cognitive Automation Market, By End User
- Global Cognitive Automation Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Cognitive Automation Market, By Component, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- Solutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Cognitive Automation Market, By Technology, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Machine Learning
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Natural Language Processing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Computer Vision
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Robotic Process Automation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Cognitive Automation Market, By End User, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Banking, Financial Services, and Insurance (BFSI)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- IT and Telecommunications
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Retail and E-commerce
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Cognitive Automation Market, By Region, 2019 - 2031, (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, (USD Bn)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Accenture
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Automation Anywhere
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Blue Prism
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Brain Corp
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Cognizant
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- DataRobot
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Google Cloud (Alphabet Inc.)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- IBM
- Kofax
- Microsoft
- NICE Systems
- Pegasystems
- Salesforce
- SAP
- UiPath
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
