Deep Learning Market Report, Size, Share, Analysis 2017 and Forecast to 2023

Sep 25, 2017

According to Stratistics MRC, the Global Deep Learning Market is accounted for $1.95 billion in 2016 and is expected to reach $72.10 billion by 2023 growing at a CAGR of 67.4% during the forecast period.

Gaithersburg, Maryland, U.S. - September 25, 2017 /MarketersMedia/ —

One of the major factors that will have a positive impact on the growth of this market includes the rising usage of deep learning technology among various industries such as automotive, advertisement, medical and others. Moreover, increasing acceptance of cloud based technology, high usage of deep learning in big data analytics, high R&D expansions for enhanced processing hardware for deep learning and rising applicability in healthcare and autonomous vehicles are fueling the market growth.

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However, rising difficulty in hardware owing to composite algorithm used in deep learning technology is acting as key barrier for the market. Moreover, the market has tremendous growth opportunity such as utilization of deep learning technology in smartphones and medical image analysis. On the other hand, setback in approval of neuromorphic technology for deep learning and development of algorithms’ at a faster pace when compared with its hardware.

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Depending on application, data mining segment is anticipated to grow at a highest CAGR during the forecast period attributed to growing utilization of deep learning in cybersecurity and database systems and data analytics. By geography, North America commanded the largest market share due to the rising investments in neural networks and artificial intelligence.

Some of the key players in this market include General Vision Inc., Sensory Inc., Baidu Inc., Nvidia Corporation, Intel Corporation, Google Inc., Skymind, Qualcomm Technologies, Inc, Hewlett Packard Enterprise, Microsoft Corporation, IBM Corporation, Advanced Micro, Devices, Inc., Clarifai, Inc., HyperVerge and Entilic.

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Solutions Covered:
• Services
• Hardware
• Software

Applications Covered:
• Data Mining
• Image Recognition
• Signal Recognition
• Video Surveillance & Diagnostics
• Other Applications

Hardware Components Covered:
• Application-Specific Integration Circuit (ASIC)
• Graphics Processing Unit (GPU)
• Field Programmable Gate Array (FPGA)
• Central Processing Unit (CPU)

End Users Covered:
• Oil, Gas, & Energy
• Finance
• Industrial
• Medical
• Aerospace & Defense
• Retail
• Media & Advertising
• Automotive
• IT & Telecom
• Agriculture
• Education
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: [email protected]
Organization: Stratistics Market Research Consulting Pvt Ltd

Source URL: https://marketersmedia.com/deep-learning-market-report-size-share-analysis-2017-and-forecast-to-2023/242574

For more information, please visit http://www.strategymrc.com

Source: MarketersMedia

Release ID: 242574

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