Deep Learning Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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Future Market Insights

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Global Deep Learning Market: Overview

The global deep learning market is experiencing a constantly changing dynamics, thanks to continuous advancements in artificial intelligence and cloud technologies. The main components of this market are software, hardware, and services.

  • Currently, software accounts for the most prominent market share. However, the service segment will rise at a higher pace over the next few years. Software frameworks and APIs/platforms, created using codes and algorithms, allowing hardware to perform deep learning programs, are the key components of the software segment.
  • Software providers provide various solutions, which are easily accessible to developers. For instance, Qualcomm provides Zeroth SDK, which assists developers and users in utilizing the capabilities of Snapdragon 820 for deep learning applications, such as speech recognition and image and sound processing.
  • Among applications, data mining reports the most prominent demand for deep learning technology. With new technologies on the horizon, visual data mining and natural language processing are witnessing great developments through deep learning techniques. Sentiment analysis, fingerprint identification, machine translation, bioinformatics, and cybersecurity are the main application areas of data mining.

When compared to the conventional computing system, deep learning provides faster and more efficient memory utilization. Since data mining is a complicated process, complex algorithm and hardware architecture are required to carry out computational operations and maintenance and servicing of systems. The augmenting demand for deep learning techniques in data mining and other application areas will boost the global deep learning market significantly.

Deep learning is evolving as one of the most advanced technologies in enterprise computing. Organizations are using deep learning neural networks to obtain valuable insights from vast amounts of data to offer innovative products and improved customer experience and thereby increasing revenue opportunities for the deep learning market. The rising need for enhanced human and system interaction will be driving the growth of global deep learning market during the forecast period. As deep learning systems offer expert assistance, it will assist humans to extend their capabilities.  Also, there is a rise in usage of deep learning technology across various industrial verticals such as medical, finance, automotive retail, and others. Another driving factor for this market is the robust R&D for the expansion of better processing hardware for deep learning.

There is increasing demand for deep learning in fraud detection, database systems, and cyber security is driving the growth of data mining applications in deep learning market. Healthcare industries produce a huge volume of data sets related to patient details, diagnosis, etc. Thus, data mining is anticipated to witness highest growth rate in the healthcare sector in the near future.

Deep Learning Market: Market Dynamics

Rising necessity for hardware platforms with high computing power to execute deep learning algorithms is a driving factor of Deep Learning market

Increasing complexity in hardware due to the complex algorithm in deep learning technology can hamper the growth of Deep Learning market.

Growing usage of deep learning in data analytics and database systems growth opportunities for Deep Learning Market.

Global Deep Learning Market: Market Segmentation

Segmentation Overview

Deep learning market segmented by product, application, end-user, and region.

Segmentation by product in Deep Learning market:

  • Hardware

  • Software

  • Services

Segmentation by application in Deep Learning market:

  • Image Recognition

  • Signal Recognition

  • Translation

  • Data Mining

Segmentation by end-user in Deep Learning market:

  • Automotive

  • Media & Entertainment

  • Aerospace & Defence

  • BFSI

  • Retail

  • Healthcare

Global Deep Learning Market: Competition Landscape

Few prominent players in Deep Learning market includeGoogle Inc., Microsoft Corporation, Qualcomm Technologies, Inc., IBM Corporation, Intel Corporation, General Vision Inc. and NVIDIA Corporation, etc.

Deep Learning Market: Regional Outlook

North America is prominent and holds the largest share in the deep learning market and is estimated to be in the leading position owing to the widespread adoption of deep learning technology. There is high growth of deep learning market in North America due to the presence of prominent players in the region that offers deep learning services and hardware such as IBM Corporation, Qualcomm Technologies, Inc. and Intel Corporation, etc. Latin America and MEA are expected to contribute significantly over the forecast period.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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