The Global Deep Learning Market is about to grow at a CAGR rate of 38.3% by 2028.

17-May-2022 | Zion Market Research

The global deep learning market was worth around USD 11542.9 million by 2021 and is estimated to grow to USD 80769.6 million by 2028, with a compound annual growth rate (CAGR) of approximately 38.3% over the forecast period. The report analyses the drivers of the deep learning market, the limitations / challenges, and the impact they have on demand during the forecast period. In addition, the report examines emerging market opportunities for deep learning market.

Deep learning is a subset of machine learning that combines a series of computer commands or algorithms that stimulate activity and brain structure. Deep learning is more commonly known as active neural networks or deep neural networks. It is of great benefit to data scientists tasked with collecting, analysing, and interpreting enormous amounts of data; Deep learning makes this process faster and easier. The rise of the global deep learning market is expected to grow at a CAGR of 38.3% over the forecast period.

Deep learning software that includes signal recognition, data mining, and image recognition. Deep Learning technology is majorly used in defence and the aerospace and defence sector. The key drivers that have led to the immense growth of the deep learning market can be seen due to the widespread use in automotive, law, agriculture, marketing, health care, manufacturing, and human resources. The rapid increase in the amount of data produced in various industries for end use is expected to give impetus to industry growth.

There are certain barriers and challenges impeding the overall market growth such as the lack of technical experts in deep learning, lack of flexibility and multitasking as well as the lack of standards and norms hinders the market growth. However, with technological advances, the accumulated spending on health care and the tourism industry as well as the unused ability of emerging markets provide excellent opportunities for growth for the deep learning market.

The deep global learning market is divided into product type, application, end-use industry, and architecture. Based on the type of product, the global market is divided into software, services, and hardware. In this case, the software component dominates the market which marks consistent growth due to the high adoption of smartphone assistants. Depending on the type of application, the market segmentation is based on image recognition, signal recognition, data mining and more. In this case, the image recognition component is expected to show the best results for revenue in the coming years. Based on the Consumer Area, the global market is divided into security, manufacturing, manufacturing, retail, automotive, health, agriculture, and more. In the latter use phase, the size of the sector is growing from the security component at high speed by calculating the increase in the number of cyber-attacks. The structural-based divisions are divided into, RNN, CNN, DBN, DSN and GRU; from these Convolutional Neural Networks (CNN) is expected to show the best results soon.

The Global Deep Learning Market

Deep Learning Market North America held the largest market share in terms of revenue in the recent past. The need for Deep learning applications, such as image recognition, signal recognition, and data mining, in industries such as aerospace & defence, automotive, health care, and IT. and communications are expected to further market growth in North America. Further, the APAC market is expected to grow at a remarkably high CAGR in the forecasted period. In APAC, deep learning is growing as this technology is used not only in electronic products, such as smartphones, tablets, and PCs, but also in medical and automotive. products. The high economic growth seen by major countries, such as China and India, marks to further the growth of the APAC deep learning market.

Key players working in the global deep learning market include Amazon Web Services (AWS), Google Inc., IBM, Intel, Micron Technology, Microsoft Corporation, Nvidia, Qualcomm, Samsung Electronics, Sensory Inc., Pathmind, Inc. and Xilinx. These key players were developing new strategies and creating an impact on the market by introducing various features and learning software.

Recent developments:

As per the developments, in 2019 Skymind recently profited USD 11.5 million in a project with an objective to bring deep learning to multiple businesses, where it could help automate business processes in the North American team and accelerate the customer acquisition in the region.

Furthermore, Baidu Inc. in 2021 have unveiled many new features in the Baidu Brain AI technology platform, updated in the latest version. The base layer of the platform is based on the deep learning platform PaddlePaddle.

Browse the full Deep Learning Market: By Product Type (Software, Services and Hardware), By Application (Image Recognition, Signal Recognition, Data Mining and Others), By End-Use Industry (Security, Manufacturing, Retail, Automotive, Healthcare, Agriculture and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/deep-learning-market

Global deep learning market is segmented as follows:

By Product Type:

  • Software
  • Services
  • Hardware

By Application:

  • Image Recognition
  • Signal Recognition
  • Data Mining

By End-Use Industry:

  • Security
  • Manufacturing
  • Retail
  • Automotive
  • Healthcare
  • Agriculture

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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