The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing demand for artificial intelligence technologies for a wide range of applications is likely to promote innovation in cognitive media manufacturing, propelling the market during the forecast period.

The global cognitive media market is expected to grow from $1.37 billion in 2022 to $1.73 billion in 2023 at a compound annual growth rate (CAGR) of 26.2%. The global cognitive media market size is expected to reach $4.35 billion in 2027 at a CAGR of 25.9%.

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Global Cognitive Media Market Segments Include:

• By Component: Services, Solution
• By Technology: Natural Language Processing, Deep Learning and Machine Learning
• By Deployment: On-Premises, Cloud
• By Application: Predictive Analysis, Security Management, Content Management, Network Optimization, Recommendation and Personalization, Customer Retention, Other Application
• By End User: Banking Sector, Retail Sector, Healthcare Sector, Other End User
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global cognitive media market in 2021.

Major Market Players in the cognitive media market include International Business Machines Corporation, Google LLC, Amazon Web Services Inc., Microsoft Corporation, Salesforce Inc., Adobe Inc., Baidu Inc., Nvidia Corporation, Veritone Inc.

Technological advancement is a crucial trend that is gaining traction in the cognitive media sector. To maintain their market position, major players in the cognitive media sector are working on technological improvements. For example, in March 2023, Juji Inc., a US-based artificial intelligence company specialising in the development of chatbot, empathetic AI solutions, launched a new generative AI tool for automating cognitive AI chatbot creation that enables any organisation to rapidly develop customised AI chatbots without the use of new IT resources or the writing of code. By utilising superior human interpersonal talents such as active listening and understanding body language, these cognitively competent AI chatbots can scale human teams to manage and automate high-touch, high-stakes engagements.

The Cognitive Media Global Market Report 2023  provides a cognitive media market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cognitive media market forecast analyzes cognitive media market size, cognitive media market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Instead of physical aspects of computer representation, cognitive media refers to the inferential procedures used by the human user. This media is used to create explainer films, whiteboard videos, representations, and infographics that make knowledge more accessible.

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