According to a new report, published by KBV research, The Global Healthcare Cognitive Computing Market size is expected to reach $49 billion by 2031, rising at a market growth of 26.1% CAGR during the forecast period.
The Cloud segment is leading the Global Healthcare Cognitive Computing Market by Deployment in 2023; thereby, achieving a market value of $33.4 billion by 2031. The market’s growth can be attributed to cloud-based cognitive computing solutions’ scalability, adaptability, and cost-efficiency. These cloud solutions facilitate remote work and data sharing, becoming increasingly prevalent in the healthcare sector.
The Machine Learning segment registers a CAGR of 25.9% during (2024 - 2031). This market segment is expanding because the technology enables systems to learn from data and generate predictions or recommendations autonomously. Machine Learning algorithms facilitate personalized recommendations, fraud detection, and predictive analytics. Additionally, the technology’s flexibility and capability to uncover hidden patterns in large datasets contribute to this segment’s growth.
Full Report: https://www.kbvresearch.com/healthcare-cognitive-computing-market/
The North America region dominated the Global Healthcare Cognitive Computing Market by Region in 2023; thereby, achieving a market value of $17.4 billion by 2031. The Europe market is expected to witness a CAGR of 25.7% during (2024 - 2031). Additionally, The Asia Pacific market is expected to witness a CAGR of 26.8% during (2024 - 2031).
By Deployment
By Technology
By Geography
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