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Nuance Communications, Inc.
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== Market == === Total Addressable Market (TAM) === TAM represents the entire potential market demand for a product or service without any limitations. Here, the TAM is defined as the global healthcare market. It is estimated that the revenue in the healthcare market is projected to reach $57.86 billion in 2023 (based on a number of assumptions).<ref>[https://www.statista.com/outlook/dmo/ecommerce/beauty-health-personal-household-care/health-care/worldwide#:~:text=Revenue%20in%20the%20Health%20Care,US%2457.86bn%20in%202023. https://www.statista.com/outlook/dmo/ecommerce/beauty-health-personal-household-care/health-care/worldwide#:~:text=Revenue%20in%20the%20Health%20Care,US%2457.86bn%20in%202023.]</ref> === Serviceable Available Market (SAM)<ref>https://finance.yahoo.com/news/ai-healthcare-market-reach-us-114100721.html</ref> === SAM represents the portion of the TAM that a company can realistically target and serve based on its resources, capabilities, and market strategy. Here, the SAM is defined as the healthcare AI market. As of 2022, the AI in healthcare market was valued at over $9 billion (based on a number of assumptions). As of 2023, the market for AI in healthcare is expected to close at $12.63 billion. However, from 2023 to 2031, the market is expected to grow by nearly 15x. === Serviceable Obtainable Market (SOM) === SOM represents the portion of the SAM that a company can practically and effectively capture under existing market conditions and constraints. Here, the SOM is defined as the healthcare AI market in North America. In 2022, the AI in healthcare market was predominantly led by North America, with the region holding the largest revenue share of 58.0%, which is around $5.22 billion (based on a number of assumptions). <ref>[https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-healthcare-market#:~:text=North%20America%20dominated%20artificial%20intelligence,share%20of%2058.0%25%20in%202022. https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-healthcare-market#:~:text=North%20America%20dominated%20artificial%20intelligence,share%20of%2058.0%25%20in%202022.]</ref>
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