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Deep Learning Market is Expected to Surpass at a CAGR of 23.1% Forecast by 2032 | Microsoft Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc., Samsung

07-10-2023 04:09 PM CET | IT, New Media & Software

Press release from: Global Insight Services

Deep Learning Market

Deep Learning Market

The global Deep Learning Market was valued at USD 47.3 Billion in 2022 and it is anticipated to grow up to USD 379.4 Billion by 2032, at a CAGR of 23.1% during the forecast period.

Deep learning is a subset of machine learning in artificial intelligence (AI) that has networks capable of learning unsupervised from data that is unstructured or unlabeled. Also known as deep neural learning or deep neural networks (DNNs), deep learning models are neural networks (algorithms used to simulate the workings of the human brain in order to recognize patterns) that can learn and make predictions on their own by analyzing data, finding patterns, and making decisions.

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Market Trends and Drivers

Deep learning technology has grown due to recent developments in neural network architecture and training algorithms, Graphics Processing Units (GPU), and the availability of a significant amount of data across sectors. The increasing adoption of robots, IoT, cybersecurity applications, industrial automation, and machine vision technology led to a large volume of data. This data can serve as a training module in deep learning algorithms, which help diagnose and test purposes. The deep learning algorithms learn from past experiences and create a consolidated data environment. The more data there is, the more accurate the results will be, and the data will be managed consistently.

Market Restraints and Challenges

There are a few key restraints and challenges in deep learning market. Firstly, the data requirements for deep learning are significantly higher than other machine learning methods, which can make it difficult to obtain the necessary data for training. Secondly, deep learning models can be very computationally intensive, which can make them difficult to train and deploy. Finally, deep learning models can be prone to overfitting, which means that they may not generalize well to new data.

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Global Deep Learning Market Segmentation
By Component

• Hardware
• Software
• Services

Major Players in the Global Deep Learning Market

The key players in the Deep Learning Market Advanced Micro Devices Inc., Amazon Web Services, Inc., Google LLC, IBM Corporation, Intel Corporation, Microsoft Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc., Samsung, and Xilinx, among others.

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Reasons to buy Deep Learning Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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Global Insight Services LLC
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E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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