Global Artificial Neural Network Market Projected to Reach US$ 763.17 Mn by 2029, Growing at a CAGR of 20%

24.08.2023 : Artificial Neural Network Market Report Scope and Research Methodology

A thorough analysis of the global artificial neural network market is included in the market report. It includes market divisions, previous trends (2022-2029), and an extensive analysis of major companies. The research provides a thorough market size estimate by taking investors, market leaders, followers, and new entrants into account. Examining regional manufacturing contexts influences manufacturing costs, supply networks, the availability of technologies, and more. The research offers practical suggestions for the potential of the North American market.

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What are Artificial Neural Network Market Dynamics?

The Artificial Neural Network Market's major drivers and constraints are highlighted in the report. Market expansion is being fueled by big data's rise and rapid digitization. The need to analyze data for important insights increases as its volume soars. ANNs, which are capable of multitasking and independent learning, successfully handle this problem. However, the market's development is hampered by a shortage of trained employees and system incompatibilities. For optimum performance, the technological growth necessitates a competent personnel and modernized infrastructure.

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What is Artificial Neural Network Market Segmentation?

To forecast the market's size by value, it is segmented into four primary segments and then further into smaller sub-segments.

During the projected period, the Cloud Deployment Segment is anticipated to have the most market share.

Today, practically all Artificial Neural Network systems use cloud-based services for their deployment due to the surge in the creation of several modern technologies. The reason is that cloud-based services assist firms in lowering their total cost of ownership, which arguably also increases their capacity for data storage. Additionally, the cloud-based service providers offer a usage-based service model, giving companies the freedom to pay the service vendors only for the services that are consumed at a specific moment.

During the projected period, the Data Mining Application Segment is anticipated to have the most market share.

The model of artificial neural networks was designed primarily for data mining. By evaluating the data kept in very big repositories, data mining is the process of learning new things. The global market for artificial neural networks has grown significantly as a result of improvements in statistics, machine learning, artificial intelligence, pattern recognition, and computer power.

by Component

Solutions
Services

by Deployment Model

On-Premises
Cloud-Based

by Applications

Image Recognition
Signal Recognition
Data Mining
Others

by Industry Vertical

IT & Telecom
Energy & Utilities
BFSI
Education
Healthcare
Retail
Others

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Who are Artificial Neural Network Market Key Players?

1. Google LLC
2. Microsoft Corporation
3. IBM Corporation
4. Intel
5. Qualcomm
6. Ward Systems
7. GMDH LLC
8. Starmind
9. NeuralWare
10. Neurala
11. Clarifai
12. Afiniti
13. Alyuda Research LLC
14. SwiftKey
15. SAP SE
16. Oracle Corporation
17. OLSOFT LLC
18. NeuroDimension, Inc.
19. Others

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Regional Insights:

During the projected period, North America is expected to dominate the artificial neural network market. Technology developments, a rise in demand for smarter business processes, and the use of AI technology by several enterprises in the region all contribute to market growth.

Key Offerings:

Past Market Size and Competitive Landscape (2017 to 2022)
Past Pricing and price curve by region (2017 to 2022)
Industrial Manipulator Market Size, Share, Size Forecast by different segment | 2023-2029
Industrial Manipulator Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Industrial Manipulator Market Segmentation - A detailed analysis by Type, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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