The report titled Deep Learning Market which was recently added by Kenneth Research, aims at providing the clients with the business growth and investment opportunities present in the market globally. Further, the market is evaluated on various parameters that is covered in the report and further includes market size, market volume and the growth rate over the forecast period, i.e., 2022-2031. The market is further anticipated to grow with a robust CAGR throughout the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Deep Learning Market Products.
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In Canada, the ICT sector consists of around 41,500 companies. Out of these, over 37,000 companies fall under software and computer services industry, resulting in around 89.8% of key players in the ICT industry to be involved in software and computer services. On the other hand, in the year 2018, as per the statistics of the Canadian ICT Sector Profile, released by the Government of Canada, ICT wholesaling, communications services and ICT manufacturing contributes to 4.5%, 3.4% and 2.2% share respectively in the country.
Global Deep Learning Market
In enterprise computing, deep learning is evolving into one of the most advanced technologies. 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.
By offering expert assistance, it would be able to assist humans in extending their capabilities. Organizations are using deep learning networks to get valuable insights from huge amount of data. This is done to provide innovative products and better improved customer experiences, thereby raising revenue opportunities for the market. The global deep learning market is anticipated to reach USD 28.83 Bn and expand at a CAGR of 48.4% during the forecast period of 2018-2023.
Deep learning techniques are used to develop new technologies such as natural language processing and visual data mining, to enhance product offerings. The growing need for deep learning in database systems, fraud detection and cyber security, is driving the growth process of data mining applications in the deep learning market. The market is classified into three primary segments – based on solution, application and end user.
Based on solution: Hardware, software and services
Based on application: Image recognition, signal recognition, data mining, and others
Based on end user: Healthcare, BFSI, aerospace and defense, automotive, retail and media and entertainment and others (manufacturing, oil, gas and energy)
On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Key growth factors
Deep learning offers faster and better memory utilization in comparison to traditional computing systems. Rising usage of deep learning technology among various industries such as automotive, advertisement, medical fuel the growth of the market. Robust research and development for the expansion of better processing hardware for deep learning, growing necessity for hardware platforms with high computing power to execute deep learning algorithms are key driving factors of deep learning market. Increasing acceptance of cloud based technology, high usage of deep learning in big data analytics, and rising applicability in healthcare and autonomous vehicles are accelerating growth.
Threats and key players
Deep learning requires high-performance hardware, which is not easily available. Greater complexities in hardware owing to complex algorithm in deep learning technology, can hamper the growth of the market. Many organizations prefer the traditional route over hyper parameter optimization, thereby restricting the revenue growth of the deep learning market.
Some of the prominent competitors in deep learning market are Google Inc., Microsoft Corporation, Qualcomm Technologies, Inc., IBM Corporation, Intel Corporation, General Vision Inc. and NVIDIA Corporation, etc.
What’s covered in the report?
1. Overview of the global deep learning market.
2. Market drivers and challenges of the global deep learning market.
3. Market trends in global deep learning market.
4. Historical, current and forecasted market size data for the segment based on solution.
5. Historical, current and forecasted market size data for the segment based on application.
6. Historical, current and forecasted market size data for the segment based on end user.
7. Historical, current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa) market size data for the deep learning market.
8. Historical, current and forecasted market size data for region-wise segments.
9. Analysis of company profiles of major competitors operating in the market.
Why buy?
1. Understand the demand for deep learning to determine the viability of the market
2. Determine the developed and emerging markets of deep learning
3. Identify the challenge areas and address them
4. Develop strategies based on the drivers, trends and highlights for each of the segments
5. Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed
6. Recognize the key competitors of this market and respond accordingly
7. Knowledge of the initiatives and growth strategies taken by the major companies and decide the direction of further growth
8. Define the competitive positioning by comparing the products and services with the key players in the market
9. Recognize the extent and nature of the start-ups providing deep learning solutions
Customizations available
With the given market data, Kenneth Research offers customizations according to specific needs. Write to us at sales@kennethresearch.com.
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The Market report answers the following questions:
What is the aim of the report?
- The Deep Learning Market report presents the estimated market size of Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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