The global Cognitive Computing Market is predicted to reach USD 305.23 Billion by 2030, driven by the demand for virtual assistance and interactive voice response in customer support. The APAC region is expected to see the fastest growth of around 35.4% between 2022 and 2030 due to significant development in information technology and engineering. Cognitive computing technology enables computerized models to self-learn algorithms and utilize machine learning to mimic human brain functions, leading to the development of automated systems that can operate without human intervention. Driving factors of the market include the ability of cognitive computing to provide meaningful insights for physicians by analyzing past treatment records, the integration of this technology by smart band and health tracker manufacturers, and its use in the financial sector for credit risk modeling, regression analysis, and financial forecasting. Major players in the market include Google LLC, Microsoft, Amazon Web Services, Inc., IBM, Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, Accenture, SAS Institute Inc., Dell Inc., Huawei Technologies Co., Ltd., Alteryx, Inc., SparkCognition, C3.ai, Inc.
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