Deep Learning Market Poised for Explosive Growth: Forecast to Surge from $12.6 Billion in 2022 (Computers - Information Technologies)

Item ID 133154763 in Category: Computers - Information Technologies

Deep Learning Market Poised for Explosive Growth: Forecast to Surge from $12.6 Billion in 2022


The deep learning market is expected to be worth US$ 12,569.0 million globally in 2022 and is projected to increase at a CAGR of 26.4% to US$ 130,667 Million globally from 2022 to 2032. The fast use of cloud-based technologies across several businesses is blamed for the expansion of the deep learning market.

Deep learning neural networks are being used by businesses to mine massive volumes of data for insightful information that can be used to develop new products, enhance consumer experiences, and expand revenue potential for the deep learning market. One of the most cutting-edge technologies in business computing is deep learning, which is growing on a global scale.

During the projected period, the worldwide deep-learning market will expand due to the increasing demand for improved human and system interaction. Deep learning algorithms will help humans become more capable as they provide expert advice. Additionally, deep learning technology is increasingly being used in a variety of industrial sectors, including healthcare, finance, retail, and others. Strong R&D for the development of new products is another element propelling this market.

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The rise of data mining applications in the deep learning market is being driven by the rising need for deep learning in fraud detection, database systems, and cyber security. The patient information, diagnosis, and other data sets produced by the healthcare industries are massive. Data mining is therefore expected to experience the fastest growth rate in the healthcare industry shortly.

Deep Learning Market: Market Dynamics:
The rising necessity for hardware platforms with high computing power to execute deep learning algorithms is a driving factor of the Deep Learning market Increasing complexity in hardware due to the complex algorithm in deep learning technology can hamper the growth of the Deep Learning market. Growing usage of deep learning in data analytics and database systems growth opportunities for the Deep Learning Market.

Global Deep Learning Market: Competition Landscape:
A few prominent players in the Deep Learning market include Google Inc., Microsoft Corporation, Qualcomm Technologies, Inc., IBM Corporation, Intel Corporation, General Vision Inc., and NVIDIA Corporation, etc.

Key Segments Profiled in the Deep Learning Industry Survey

Deep Learning Market by Product:

Hardware
Software
Services
Deep Learning Market by Application:

Image Recognition
Signal Recognition
Translation
Data Mining
Deep Learning Market by End User:

Automotive
Media & Entertainment
Aerospace & Defence
BFSI
Retail
Healthcare
Deep Learning Market By Region:

North America Deep Learning Market
Europe Deep Learning Market
Latin America Deep Learning Market
Asia Pacific Deep Learning Market
Middle East & Africa Deep Learning Market


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Last Update : Aug 19, 2024 10:48 AM
Number of Views: 32
Item  Owner  : Sudip Saha is the managing director and co-founder at Future Market Insights
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