Press release
Deep Learning: Core Growth Enabler in the Cloud-Based Services Drive The Growth Of The Deep Learning Market Market, 2025
Deep Learning
What Will the Deep Learning Industry Market Size Be by 2025?
In recent times, there has been a remarkable expansion in the deep learning market size. It is projected to increase from $24.71 billion in 2024 to $34.29 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 38.8%. The surge during the historical period is due to global investments and funding, integration into autonomous systems, emphasis on clarity and understanding, the rise of generative models, and the growth of edge computing.
What's the Long-Term Growth Forecast for the Deep Learning Market Size Through 2029?
Expectations are high for the deep learning market size, anticipating a surge in the coming years. The market is predicted to expand to a staggering $144.64 billion by 2029, owing to a compound annual growth rate (CAGR) of 43.3%. The period of projection holds this potential growth due to various factors such as global economic and geopolitical dynamics, enhancements in security and robustness, the advent of hybrid and federated learning methodologies, diversification into fresh industry verticals, and increased integration in the healthcare sector. Key trends projected during the forecast period include human abilities augmentation, the application of quantum computing in deep learning, collaborations across industries and contributions to open-source software, hallmark deployments in hybrid and multi-cloud, advancements in computer vision applications, alongside responsible AI and ethical contemplations.
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What Are the Key Growth Drivers Fueling the Deep Learning Market Expansion?
The surge in the use of cloud-based services significantly fuels the expansion of the deep learning market. These services have evolved enormously such that they now offer businesses the capability to conduct all their operations via these cloud platforms. Consequently, more and more companies are recognizing the benefits of transitioning their tasks from on-site to cloud frameworks. A case in point, a study by Harvard Business Review Analytic Services regarding cloud computing indicated that over 74% of firms reckon that cloud computing offers them a strategic edge against their competitors. Hence, the rising use of cloud-based services is projected to stimulate the demand for the deep learning market in the anticipated period.
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What Are the Key Trends Driving Deep Learning Market Growth?
The deep learning market has seen a surge in the utilization of edge intelligence, a trend that has gained considerable attention. Edge intelligence, which combines AI with edge computing, enables machine learning algorithms to operate on the edge device that produces data, also referred to as edge Artificial Intelligence (AI). This technology could potentially transfer AI to anyone, any company, at any moment, and in every location. As estimated by the Swiss AI tech firm, Viso.ai, by the year 2025, there will be 80 billion IoT devices and sensors active, in which over 50 billion will be internet-connected.
How Is the Deep Learning Market Segmented?
The deep learning market covered in this report is segmented -
1) By Product: Hardware, Software, Services
2) By Application: Image Recognition, Signal Recognition, Data Mining
3) By End User: BFSI, Automotive, Telecom and Media, Retail, Manufacturing, Healthcare, Other End Users
Subsegments:
1) By Hardware: GPUs (Graphics Processing Units), TPUs (Tensor Processing Units), ASICs (Application-Specific Integrated Circuits), Edge Devices
2) By Software: Deep Learning Frameworks, Model Training And Development Tools, Data Management And Preprocessing Tools, Deployment And Monitoring Software
3) By Services: Consulting Services, Training And Education Services, Managed Services, Support And Maintenance Services
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Which Companies Are Leading the Charge in Deep Learning Market Innovation?
Major companies operating in the deep learning market include Amazon Web Services Inc., Google LLC, IBM Corporation, Intel Corporation, NVIDIA Corporation, Advanced Micro Devices Inc., Cerebras Systems Inc., Mythic, Sensory Inc., H2O. ai, KNIME (Konstanz Information Miner), Dataiku, Databricks Inc., Veritone Inc., DataRobot Inc., SoundHound AI, Unity Technologies, Interactions LLC, Heartflow Inc., Imandra Inc., MindsDB SF AI Learning, Neteera Technologies, Clarifai Inc., Orbital Insight, CHARM Therapeutics, NoTraffic U. S. Inc.
Which Regions Are Leading the Global Deep Learning Market in Revenue?
North America was the largest region in the deep learning market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the deep learning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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