Leading Growth Driver in the Artificial Neural Network Market in 2025: Impact Of Cloud-Based Solutions On The Growth Of The Market Driver's Influence

What Are the Market Size and Growth Forecast for the Artificial Neural Network Market?_x000D_
Over the past few years, the size of the artificial neural network market has seen a significant expansion. It is projected to increase from $0.49 billion in 2024 to approximately $0.58 billion in 2025, with a compound annual growth rate (CAGR) of 17.80%. Factors such as the rise in cyberattacks, a stronger demand for AI and automation, growth in self-sustaining systems, a higher adoption rate for the Internet of Things (IoT), and a surge in the adoption of cloud all attribute to the historical period growth._x000D_
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The market size for artificial neural networks is projected to experience a swift expansion in the upcoming years. It is set to increase to $1.11 billion in 2029, with a compound annual growth rate (CAGR) of 17.44%. This estimated growth within the forecast period can primarily be associated with the escalating demand for artificial intelligence (AI) in various sectors, increased crave for cloud-based services, the augmented utilization of voice assistants coupled with conversational AI, expanding application in healthcare and drug discovery processes as well as the surge in big data volume. Key trends during the forecast era comprise progress in machine learning and neural networks, the amalgamation with big data and analytics, interconnection with IoT and edge computing, the integration of hybrid cloud and edge, and synchronization with 5G networks._x000D_
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What Is Contributing to the Growth of the Artificial Neural Network Market?_x000D_
The growth of the artificial neural network market is being spurred on by the escalating demand for cloud-based solutions. These solutions involve using services or applications that run on remote servers via the internet, as opposed to being hosted on local servers or devices. The growing popularity of these solutions is due to their scalability, cost-effectiveness, better access to data, and the ability to facilitate remote collaboration, ticking all the boxes for contemporary business requirements. Artificial neural networks supplement these solutions by providing enhanced data processing, predictive analytics, and smart decision-making capabilities, which bolster performance and scalability. To illustrate, Eurostat, a government agency based in Luxembourg and functioning in the EU, noted in December 2023 that there was a 4.2 percentage point increase in the number of enterprises utilizing cloud computing services in 2023, a rise from 2021. Consequently, the burgeoning demand for cloud-based solutions is propelling the artificial neural network (ANN) market's expansion._x000D_
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Which Key Market Leaders Are Driving Artificial Neural Network Industry Growth?_x000D_
Major companies operating in the artificial neural network market are Google Inc., Microsoft Corporation, Amazon Web Services Inc., Intel Corporation, IBM Corporation, Qualcomm Technologies Inc., Oracle Corporation, SAP SE, Hewlett Packard Enterprise Development LP, NVIDIA Corporation, Salesforce Inc., Rockwell Automation Inc., OpenAI Inc., H2O.ai Inc., Anaconda Inc., Clarifai Inc., Neurala Inc., Ward Systems Group, BrainChip Holdings Ltd., NeuroDimension Inc._x000D_
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Which Key Developments Are Influencing the Artificial Neural Network Market?_x000D_
Leading businesses in the artificial neural network market are prioritizing the development of innovative solutions like AI-integrated networking platforms. Such platforms enhance several capabilities including data processing, predictive analytics, and machine learning model optimization, thus improving efficiency and scalability in fields like health, finance, and car manufacturing. AI-integrated networking platforms are advanced systems that synergize AI and networking technologies to enhance data movement, improve network handling, and increase overall functionality. An example of this is the AI for Good neural network platform launched by the Switzerland-based International Telecommunication Union in February 2022. This progressive platform uses AI to promote sustainable growth by addressing global issues such as climate change, poverty, and healthcare inequalities. The platform's standout feature is its ability to process and interpret vast datasets from multiple sources to provide critical insights for governments, organizations, and researchers to make educated decisions. Further, the platform encourages collaboration, uniting experts from various fields to create innovative and scalable solutions for sustainable growth, aligning with the United Nations' Sustainable Development Goals (SDGs)._x000D_
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What Are the Main Segments in the Artificial Neural Network Market?_x000D_
The artificial neural network market covered in this report is segmented -_x000D_
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1) By Component: Solutions, Platform Or Application Programming Interface (API), Services_x000D_
2) By Deployment Mode: On-Premises, Cloud_x000D_
3) By Enterprise: Large Enterprises, Small And Medium Enterprises_x000D_
4) By Application: Image Recognition, Signal Recognition, Data Mining_x000D_
5) By End-User: Banking, Financial Services, and Insurance (BFSI), Retail And E-Commerce, IT And Telecom, Manufacturing, Healthcare, Automotive_x000D_
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Subsegments:_x000D_
1) By Solutions: Software Solutions, Hardware Solutions, Deployment Solutions, Data Management Solutions_x000D_
2) By Platform Or Application Programming Interface (API): Cloud-Based Platforms, On-Premise Platforms, Open-Source APIs, Proprietary APIs_x000D_
3) By Services: Consulting Services, Integration And Deployment Services, Support And Maintenance Services, Managed Services_x000D_
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Which Geographic Area Leads the Artificial Neural Network Market?_x000D_
North America was the largest region in the artificial neural network market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial neural network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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What Is Covered In The Artificial Neural Network Global Market Report?_x000D_
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- Market Size Analysis: Analyze the artificial neural network Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the artificial neural network Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall artificial neural network market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the artificial neural network market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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