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

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.

The fastest growth during the forecast period is expected to be experienced by Asia Pacific. The Asia Pacific region will grow rapidly owing to various technological developments in the countries including India, China, and Japan. Growing investment on artificial intelligence and its subfields from the major key players across the globe is likely to boost up for technological sector. This would be the significant factor for the growth of deep learning market in the region as growing application of deep learning solutions is expected to be driven by the growth of emerging retail sector as well as other industries, thus, calling for advanced solutions for data handling as well as simpler workflow.