Press release
Global Neural Network Software Market Size, Industry Share, Growth & Forecast To 2025
The global neural network software is estimated to grow at a significant CAGR of X% during the forecast period.The major factors that will contribute to the market growth include the increasing investment in AI (artificial intelligence) technologies and increasing adoption of big data analytics.According to the World Economic Forum, the connected world is producing data at a pace that is unprecedented in human history. According to its data published in February 2017, more than 3 billion people are connected to the internet compared to just 2.3 million in 1990. These 3 billion people generating data every second have led to the growth of big data.Request a free sample of our report on Neural Network Software Market: https://www.omrglobal.com/request-sample/neural-network-software-market
The growth of this data is continuing to increase exponentially. Big data has attracted unprecedented attention from both academics and industries. Massive amounts of data are being collected by many organizations on an ongoing basis from various sources, including the World Wide Web (WWW), social networks and sensor networks among major others. The effective management of big data sets can give rise to critical intelligence including artificial neural network (ANN) tostimulate informed decisions and wider vision. To realize the complete potential of big data, efficient and effective algorithms that can analyze this data are required. Therefore, researchers have made attempts to apply ANN within the context of big data analytics.
A full report of Global Neural Network Software Market is available at: https://www.omrglobal.com/industry-reports/neural-network-software-market
Moreover, continuous developments in AI are further increasing the scope for applications of neural networks. AI can bring a significant transformation with the new technique, such as Recurrent Neural Networks (RNN) that can assist to detect fraud at initial stages across industries, such as BFSI and e-commerce and enable thousands of secured transactions immediately. It is an advanced deep learning algorithm that is used for modeling sequence to sequence information. RNN focuses on cases where there is a significant probability of fraud and thereby, saves a lot of time.
Recent Activity
In January 2017, Neurela Inc. had invested $14 million in Neural Network AI Software. This investment was aimed to initiate deep learning of neural network platform which is a smart move toward the development of smart products including toys, cameras, and self-driving cars.
In March 2019, Nvidia had introduced advanced AI tools for radiologists. The toolkit comprised of 13 classifications and segmentation of AI, and software tools that are developed especially for radiologists.
In July 2019, the Pittsburgh International Airport had entered into Partnership with Zensors, a software companyto provide neural network software for offering Transportation Security Agency (TSA) lines with live accurate wait times.
Neural Network Software Market Segmentation
By Type
Data Mining Software
Visualization Software
Optimization Software
Analytical Software
By End-User
Telecom & IT
BFSI
Government & Defense
Others (Healthcare, Retail & E-Commerce)
Neural Network Software Market – Segment by Region
North America
US
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Latin America
MiddleEast and Africa
Company Name: Orion Market Reports
Contact Person: Mr. AnuragTiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-0404
Orion Market Research (OMR) is an Indian market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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