Deep Learning Market Technological Advancements, Evolving Industry Trends and Insights

Deep learning algorithms are being increasingly used in contact centers as the adoption of these algorithms help them in improving the first-call resolution process, reducing call durations, curtailing total call volume, and enhancing customer satisfaction, thereby, increasing their business revenue. Deep learning algorithms assist in reducing the time required for problem resolution in contact centers by efficiently routing the calls to the concerned individual processing adequate knowledge. Thus, the surging number of contact centers, owing to the expansion of end-use industries, will fuel the adoption of deep learning algorithms in the coming years.

Get the Free Sample Pages: https://www.psmarketresearch.com/market-analysis/deep-learning-market-report/report-sample

Moreover, the rising need for drug discovery will also drive the deep learning market at a CAGR of 35.2% during the forecast period (2020–2030). The market was valued at $3.7 billion in 2019 and it is projected to generate $102.4 billion revenue by 2030. The healthcare industry uses deep learning solutions for drug discovery and development by understanding the medicinal properties of novel compounds and allowing deeper analysis of new materials. Apart from this, deep learning solutions also help medical professionals recommend the best treatment for patients by analyzing their medical history in detail.

In recent years, deep learning solution providers, such as Alphabet Inc., Samsung Electronics Co. Ltd., Amazon Web Services Inc., Intel Corporation, NVIDIA Corporation, Qualcomm Incorporated, IBM Corporation, SAS Institute Inc., and Baidu Inc., have been focusing on partnerships and mergers and acquisitions to reach out to more customers. For example, in July 2019, Intel Corporation entered into a partnership with Baidu Inc. to work on the Nervana Neural Network Processor (NNP) of the former. Through this partnership, both companies aim to ensure the optimization of NNP in PaddlePaddle deep learning framework of Baidu.

Make Enquiry Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=deep-learning-market-report

According to P&S Intelligence, North America accounted for the largest share in the deep learning market in 2019, due to the constant technological advancements and presence of a well-developed information technology (IT) infrastructure in the region. Deep learning solutions are being increasingly used in several regional industries for product recommendation, voice assistance, and image recognition on social networks. Whereas, Asia-Pacific (APAC) is expected to demonstrate the fastest growth during the forecast period, due to the increasing investments being made in the IT sector, soaring number of artificial intelligence (AI) startups, and surging adoption of advanced technologies in the region.

Thus, the escalating number of contact centers and burgeoning need for data discovery and development will boost the adoption of deep learning software in the forthcoming years.

Contact Us:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About Us:
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.