(MENAFN- IMARC Group) According to the latest report by IMARC Group, titled “Deep Learning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global deep learning market exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the global deep learning market to grow at a CAGR of around 40% during 2021-2026. Deep learning is a crucial component of data science for collecting, analyzing, and interpreting large amounts of information using statistics and predictive modeling. It is widely adopted for image recognition tools, natural language processing (NLP), speech recognition software, self-driving vehicles, and language translation services. As a result, deep learning find extensive applications across several industries, including retail, healthcare, automotive, agriculture, security, manufacturing, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The expanding information technology (IT) industry, along with the rising adoption of digitalization trends, is primarily driving the global market for deep learning. In comparison to the conventionally used computing systems, deep learning algorithms enhance the efficiency and accuracy of the decision-making process as they automatically intercepts available data points. Moreover, the growing utilization of deep learning solutions for cybersecurity, database management, and fraud detection systems is also driving the market growth. Several other factors, including the rising integration of deep learning with big data analytics and cloud computing, along with extensive R&D activities for the launch of advanced hardware and software processing solutions for deep learning, will continue to drive the market growth in the coming years.
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Amazon Web Services (AWS)
• Google Inc.
• IBM
• Intel
• Micron Technology
• Microsoft Corporation
• Nvidia
• Qualcomm
• Samsung Electronics
• Sensory Inc.
• Pathmind, Inc.
• Xilinx
Breakup by Product Type:
• Software
• Services
• Hardware
Breakup by Application:
• Image Recognition
• Signal Recognition
• Data Mining
• Others
Breakup by End-Use Industry:
• Security
• Manufacturing
• Retail
• Automotive
• Healthcare
• Agriculture
• Others
Breakup by Architecture:
• RNN
• CNN
• DBN
• DSN
• GRU
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Key highlights of the Report:
• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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