Healthcare cognitive computing market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to grow at a CAGR of 34.12% in the above-mentioned forecast period. Cognitive computing is widely used in the healthcare industry so that doctors can easily treat their patient using the past data and identify any risks and frauds. These computing have the ability to manage complex and large amount of data.
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Market Segmentation: Global Healthcare Cognitive Computing Market
Healthcare cognitive computing market is segmented of the basis of technology, end- users and deployment model.
- On the basis of technology, the healthcare cognitive computing market is segmented into natural learning processing, information retrieval, automated reasoning, machine learning and others.
- The healthcare cognitive computing market on the basis of end- users is segmented into hospitals, pharmaceutical, medical devices, insurance and other.
- Deployment model segment of the healthcare cognitive market is segmented on the basis of cloud and on- premises.
Major Market Competitors/Players: Global Healthcare Cognitive Computing Market
The major players covered in the healthcare cognitive computing market report are IBM Corporation, Microsoft, CognitiveScale, Numenta, Vicarious, Apixio, Healthcare X.0, Enterra Solutions, Nuance Communications, Inc, Intel Corporation, MEDWHAT, among other domestic and global players.
Focus of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2026.
- Detailed overview of parent market
- Changing market dynamics of the industry
Reasons to Purchase this Report
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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The global healthcare cognitive computing market is predicted to demonstrate unprecedented growth in the forthcoming years.
The main factors propelling the advancement of the market are the increasing prevalence of chronic diseases, growing adoption of cognitive computing in the healthcare industry on account of rapid technological advancements, increasing integration of various third computing platforms, and the mushrooming popularity of the natural language processing (NLP) technology, due to its ability to bridge the gap in human-machine interaction, across the world.Browse detailed report on healthcare Cognitive Computing Market Research Report - Global Industry Analysis and Demand ForecastIn recent times, the integration of cognitive computing solutions has increased tremendously in various hospitals in North America and Europe.
For example, Alder Hey Children’s Hospital and Roald Dahl Foundation, incorporated cognitive computing in their patient solutions in May 2016.
The other major factor causing the surge of the market is the increasing popularity of third computing platforms in the healthcare industry.
These platforms not only facilitate the management of a large volume of medical data but they also allow the retention of clinical outcomes related information.
Based on technology, the healthcare cognitive computing market is divided into machine learning, natural language processing (NLP), information retrieval, and automated reasoning categories.
