According to a new report published by Allied Market Research, the global cognitive computing market was valued at $32.2 billion in 2022 and is estimated to reach $476.8 billion by 2032, growing at a CAGR of 31.3% from 2023 to 2032. Cognitive computing refers to the development of computer systems model that simulates the human thought process as a human brain. It includes self-learning systems that use pattern recognition, data mining, and natural language processing to impersonate the way the human brain works or takes decisions. The competitive environment of Cognitive Computing Industry is further examined in the report.