Healthcare Cognitive Computing Market Size and Forecast Report by 2024 - Top Key Players are IBM, Microsoft Corporation, Enterra Solutions, LLC, Intel Corporation, Alphabet Inc., Hewlett Packard Enterprise, Nuance Communications, CognitiveScale

Technological advancements in the heathcare industry, the increasing burden of chronic diseases, and a spur in the adoption of third computing platforms are driving the healthcare cognitive computing market. It valued at $1,722.0 million in 2017 and it is expected to advance at a 34.0% CAGR during the forecast period (2018-2024). Cognitive computing refers to the creation of human thinking in a computerized model via pattern recognition, data mining, and natural language processing.

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Healthcare Cognitive Computing Market Key Players are:
1- IBM
2- Microsoft Corporation
3- Enterra Solutions, LLC
4- Intel Corporation
5- Alphabet Inc.
6- Hewlett Packard Enterprise
7- Nuance Communications
8- CognitiveScale

The increasing partnerships among leading players are trending in the healthcare cognitive computing market. For research related to chronic diseases, the cognitive computing technology is widely being employed. This has been made possible by the increasing collaborations among manufacturing companies and research institutes. For instance, NVIDIA Corporation and Nuance Communications Inc. announced in November 2017 that they were planning to equip healthcare data scientists and radiologists with machine learning. This partnership was aimed at improving patient care by highlighting key clinical findings.

The deployment model segment of the market includes the on-premises and cloud categories. The larger category in the market in 2017 was cloud computing, which is expected to exhibit a 34.5% CAGR during the forecast period. The rapid growth can be attributed to cloud's ability to store high amounts of data in a cost-effective manner, in turn, becoming accessible to even smaller hospitals to provide the best services possible.

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GLOBAL HEALTHCARE COGNITIVE COMPUTING MARKET SEGMENTATION
Market Segmentation by Technology
o Natural language processing (NLP)
o Machine learning
o Automated reasoning
o Information retrieval
Market Segmentation by Deployment Model
o Cloud
o On-premise
Market Segmentation by End-User
o Healthcare providers
o Pharmaceutical companies
o Medical device companies
o Healthcare payers
o Others (research laboratories and contract research organizations [CROs])

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