The global cognitive services market grew from $9.66 billion in 2022 to $13.3 billion in 2023 at a compound annual growth rate (CAGR) of 37.6%. Major players in the cognitive services market are IBM Corporation, Amazon Web Services, Inc., Google LLC, Nuance Communications, SAS Institute Inc., Microsoft Corporation, Attivio Inc., Tata Consultancy Services Limited, Qualcomm Technologies Inc., Nokia Corporation, Infosys Limited, Wipro Limited, Enterra Solutions LLC, Apple Inc., and BMC Software. Cognitive services are a set of tools and frameworks that helps businesses to build AI-infused applications and operationalize AI services quickly without the need for data scientists. These enable the computer to process pieces of external information.
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