The latest report published by IMARC Group, titled “Deep Learning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on deep learning market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global deep learning market size reached US$ 17.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 113.0 Billion by 2028, exhibiting a growth rate (CAGR) of 38.2% during 2023-2028.
Deep Learning is a subset of machine learning and artificial intelligence (AI) that imitates the functioning of the human brain in order to process data and create patterns for decision-making. It is comprised of algorithms that permit software to train itself to recognize patterns, classify, and make predictions by using multi-layered neural networks. These networks can process vast amounts of data, allowing them to carry out complex tasks and functions that range from speech recognition to image classification. Deep Learning is characterized by its ability to automatically learn from data without human intervention, as well as its scalability, wherein it becomes more efficient as the volume of data increases.
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Market Trends:
The global market is primarily driven by the burgeoning demand for automation and optimization in various industrial sectors. In line with this, the increasing reliance on data-driven decision-making and analytics is also providing an impetus to the market. Moreover, the significant advancement in computing capabilities and access to large datasets is acting as a vital growth-inducing factor for the market. In addition to this, the expanding applications in areas such as healthcare for diagnostics, and autonomous vehicles for navigation are resulting in higher investment in this field. Besides this, the rising need for enhanced cybersecurity solutions owing to growing cyber threats is creating lucrative opportunities in the market. Some of the other factors contributing to the market include rapid digitalization, growing emphasis on personalized customer experiences, and extensive research and development (R&D) activities.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Amazon Web Services (AWS)
- Google Inc.
- IBM
- Intel
- Micron Technology
- Microsoft Corporation
- Nvidia
- Qualcomm
- Samsung Electronics
- Sensory Inc.,
- Pathmind, Inc.
- Xilinx
Deep Learning Market Segmentation:
Our report has categorized the market based on region, product type, application, end-use industry and architecture.
Breakup by Product Type:
- Software
- Services
- Hardware
Breakup by Application:
- Image Recognition
- Signal Recognition
- Data Mining
- Others
Breakup by End-Use Industry:
- Security
- Manufacturing
- Retail
- Automotive
- Healthcare
- Agriculture
- Others
Breakup by Architecture:
- RNN
- CNN
- DBN
- DSN
- GRU
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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