Global Deep Learning Market Witnessed to Gain Steady Expansion at a Notable CAGR of 48.4% during (2018-2023)

A comprehensive study, titled “Global Deep Learning Market (2018-2023)” has been freshly broadcasted to the wide repository of Market Research Hub (MRH), which has been prepared with the help of primary and secondary research methodologies. Industry and consumer surveys and inputs from industry experts have been extensively used for this study. The prime motive of the study is to provide a comprehensive analysis of the deep learning market covering market trends, factors in the current market along with industry growth prospects from 2015 to 2017, and forecast to 2023.

The study focuses on deep learning market, which is rapidly evolving into one of the most advanced technologies. In the current time, the growing need for deep learning in database systems, fraud detection and cybersecurity, is driving the growth process of data mining applications in the deep learning market. According to the study projections, the global deep learning market is anticipated to reach USD 28.83 Bn and expand at an outstanding CAGR of 48.4% during the mentioned forecast period of 2018-2023.

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 Deep learning is a subdivision of machine learning in Artificial Intelligence (AI) which has networks capable of learning unofficial, from data which is unstructured. It has been analyzed that deep learning offers faster and better memory utilization in comparison to traditional computing systems. Rising usage of deep learning technology among various industries such as automotive, advertisement, medical fuel the growth of the market.

In the market overview section, the research offers a detailed analysis of drivers, restraints and opportunities for the key players as well as new entrants. Presently, robust research and development for the expansion of better processing hardware for deep learning, growing necessity for hardware platforms with high computing power to execute deep learning algorithms are key driving factors of deep learning market. The growing acceptance of cloud-based technology, high usage of deep learning in big data analytics, and rising applicability in healthcare and autonomous vehicles are hastening growth.

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Moving further, the research has been analyzed on the basis of major segments, including solution, application and end-user. Based on the solution, the study covers hardware, software and services. Applications of deep learning include image recognition, signal recognition, data mining, and others. Major end-user are healthcare, BFSI, aerospace and defense, automotive, retail and media and entertainment and others. The geographical analysis is also offered to the readers in which market spread across North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa has been highlighted.

Competitive Tracking

As the report concludes, information related to different players from deep learning market are studied in-depth. The company profiles are mentioned along with business strategy, recent developments, and financial overview. Some of the major players profiled in this report include Google Inc., Microsoft Corporation, Qualcomm Technologies, Inc., IBM Corporation, Intel Corporation, General Vision Inc. and NVIDIA Corporation, etc.

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This release was published on openPR.