Global Deep Learning Market Projected to Reach at US$ 28.83 billion , Inflates by 48.4% CAGR by 2023

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The global deep learning market is anticipated to reach USD 28.83 Billion and expand at a CAGR of 48.4% during the forecast period of 2018-2023.

Deep learning techniques are used to develop new technologies such as natural language processing and visual data mining, to enhance product offerings. The growing need for deep learning in database systems, fraud detection and cyber security, is driving the growth process of data mining applications in the deep learning market.

The market is classified into three primary segments -based on solution, application and end user.

• Based on solution: Hardware, software and services
• Based on application: Image recognition, signal recognition, data mining, and others
• Based on end user: Healthcare, BFSI, aerospace and defense, automotive, retail and media and entertainment and others (manufacturing, oil, gas and energy)
• Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Key growth factors

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. 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. Increasing acceptance of cloud-based technology, high usage of deep learning in big data analytics, and rising applicability in healthcare and autonomous vehicles are accelerating growth.

key players:

Some of the prominent competitors in deep learning market are Google Inc., Microsoft Corporation, Qualcomm Technologies, Inc., IBM Corporation, Intel Corporation, General Vision Inc. and NVIDIA Corporation, etc.

Key Topics Covered in the Report

1. Overview of the global deep learning market.
2. Market drivers and challenges of the global deep learning market.
3. Market trends in global deep learning market.
4. Historical, current and forecasted market size data for the segment based on solution.
5. Historical, current and forecasted market size data for the segment based on application.
6. Historical, current and forecasted market size data for the segment based on end user.
7. Historical, current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa) market size data for the deep learning market.
8. Historical, current and forecasted market size data for region-wise segments.
9. Analysis of company profiles of major competitors operating in the market.

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