The global Deep Learning Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global Deep Learning Market is estimated to touch US$ 10.2 billion by the completion of the prediction period. The market was appreciated by US$ 272.0 million in the year 2016. Growing applicability in the self-governing automobiles and healthcare businesses is likely to add considerably to the progress of the business. This expertise is attaining importance because of its applications, which motivated by multifaceted data, comprising the recognition of image and voice.
Key Players:
- Advanced Micro Devices, Inc.
- ARM
- Clarifai
- Entilic
- HyperVerge
- IBM
- Intel
- Microsoft
- NVIDIA
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Growth Drivers:
The Deep Learning market is estimated to develop at a CAGR of 52.1% for the duration of the prediction. The deep learning industry on the source of Type of End Use could span Manufacturing, Defense & Aerospace, Healthcare, Automobile, and Others. The deep learning in the subdivision of Defense & Aerospace contributed over 20% stake of the market income in the year 2016. Owing to its detection of malware, spectrogram analysis, applicability remote sensing, identifying network anomalies, and object detection & localization. Additionally, the universal drive GPUs are progressively increasing from aircraft cockpit to soldier infantry by means of wearable computing.
Application Outlook:
- Image recognition
- Voice recognition
- Video surveillance & diagnostics
- Data mining
The subdivision of image recognition ruled the business in the year 2016. It has bagged an income stake of above 40%. Some of the most extensively utilized applications of this expertise comprises Facebook’s feature of facial recognition. It extensively utilized to identify shapes in formless information comprising videos, text, images and sound.
End-use Outlook:
- Automotive
- Aerospace & defense
- Healthcare
- Manufacturing
Regional Outlook:
By the source of geography, North America ruled the deep learning industry by way of an income stake of more than 45% in the year 2016. It could be credited to augmented investments in neural networks and artificial intelligence. The greater acceptance of pattern recognition and image in the area likely to exposed new-fangled openings of development above the prediction period. Furthermore, the area is some of the initial implementer of progressive expertise, interpretation establishments to accept deep learning capabilities by a quicker speed.
Additionally, improved government backing is estimated to deliver an optimistic influence on the progress of the business. The institutions of subcommittees on machine learning and artificial intelligence inside the central government are giving power for the development of the business.
Europe has backed the progress of the businesses; such as numerous new-fangled actions have been booked to back the subdivision of artificial intelligence in the area to increase development and provide an alphanumeric economy. This, consecutively, has presented sizeable growth openings of development in the field. The UK is behind the expertise to develop more in the parts of self-governing automobiles, computer-generated safety and clever devices.
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