Global Deep Learning Market

Deep Learning Market Size, Share, Growth Analysis, By Solution (Hardware and Software), By Application (Image Recognition, Voice Recognition, Video Surveillance & Diagnostics, and Data Mining), By End-Use (Automotive, Aerospace & Defense, Healthcare, Retail, and Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45F2157 | Region: Global | Published Date: November, 2024
Pages: 193 | Tables: 91 | Figures: 70

Deep Learning Market Competitive Landscape

The market is a highly competitive with quick technological adaptations and huge investments into research and development. Notably features are advanced algorithms for recognizing patterns, the use of neural networks architecture, and deployment in industries including healthcare, automotive, and finance. Innovation in computational power, data efficiency and algorithm complexity are what pushes the top market players to compete on top of each other. To cater to the varied demands of the deep learning industry and provide solutions ensuring expansion of the market, leading players are emphasizing on scalability, interpretability, and integration capabilities. In addition, the last few years witnessed number of product launches and mergers & acquisition in the market.

Top Player’s Company Profile 

  • NVIDIA
  • Intel
  • Xilinx
  • Samsung Electronics
  • Micron Technology
  • Qualcomm
  • IBM
  • Google
  • Microsoft
  • AWS
  • Graphcore
  • Mythic
  • Adapteva
  • Koniku

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Global Deep Learning Market size was valued at USD 48.37 Billion in 2022 and is poised to grow from USD 64.13 Billion in 2023 to USD 612.18 Billion by 2031, growing at a CAGR of 32.58% in the forecast period (2024-2031).

The market is a highly competitive with quick technological adaptations and huge investments into research and development. Notably features are advanced algorithms for recognizing patterns, the use of neural networks architecture, and deployment in industries including healthcare, automotive, and finance. Innovation in computational power, data efficiency and algorithm complexity are what pushes the top market players to compete on top of each other. To cater to the varied demands of the deep learning industry and provide solutions ensuring expansion of the market, leading players are emphasizing on scalability, interpretability, and integration capabilities. In addition, the last few years witnessed number of product launches and mergers & acquisition in the market. 'NVIDIA', 'Intel', 'Xilinx', 'Samsung Electronics', 'Micron Technology', 'Qualcomm', 'IBM', 'Google', 'Microsoft', 'AWS ', 'Graphcore', 'Mythic', 'Adapteva', 'Koniku '

Growing Adopting in Healthcare Sector

Emerging Manufacturing Sector: The manufacturing industry is making use of deep learning for developing industrial processes with a highest accuracy degree and the best efficiency. Employing deep learning algorithms for predictive maintenance, where machines can predict the need for repair or maintenance, decrease downtime and increase the production of the manufacturing sector.

Based on region, North America is dominating with the largest market share. This is because of the rising investments in artificial intelligence and neural networks. Image and pattern recognition has a very high adoption in the US and Canada and is poised to provide new growth opportunities during the forecast period. Additionally, the region is an early adopter of advanced technologies to which organizations must adopt deep learning capabilities quickly. Moreover, rise in government support is projected to support the deep learning market growth in the region. Federal subcommittees on AI and ML are being formed and this is gaining momentum.

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Global Deep Learning Market

Report ID: SQMIG45F2157

$5,300
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