Uploaded on Sep 11, 2024
Increase in computing power, decline in hardware costs, adoption of cloud-based technology, and usage in big data analytics drive the growth of the global deep learning market. However, surge in complexity in hardware due to complex algorithm, lack of technical expertise, and absence of standards and protocols hinders the market growth.
Deep Learning Market Outlook: From Research to Real-World Applications
Deep Learning Market Overview The global deep learning market size was valued at $16.9 billion in 2022, and is projected to reach $406 billion by 2032, growing at a CAGR of 37.8% from 2023 to 2032. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 Research 𝐑𝐞𝐩𝐨𝐫𝐭 Deep learning is a subset of machine learning and artificial intelligence (AI) that involves neural networks with many layers (often called deep neural networks). It is designed to mimic the way the human brain processes data and creates patterns for decision-making. Deep learning is widely used in areas such as image recognition, speech processing, natural language understanding, and autonomous systems. The deep learning market's growth will likely continue as AI technologies become increasingly integrated into various sectors, fueling innovation and improving efficiencies across industries. The Deep Learning Market is experiencing significant growth, driven by advancements in artificial intelligence (AI) and increasing applications across industries. Covid-19 Impact The pandemic has significantly pushed the demand for deep learning technology. This is mainly attributed to the rise in demand for anti- money laundering (AML), fraud detection solutions, and various other solutions. In addition, the COVID-19 epidemic has led to changes in model performance in contrast to static validation and testing approaches, which in turn drive the development of deep learning models, resulting in more continuous monitoring and validation required to mitigate various sorts of risk. Furthermore, the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) have been implemented by various governments in response to the growing digital revolution, which is fueling market expansion. Therefore, COVID-19 had a positive impact on the deep learning industry. Deep Learning Market Segments By Industry Vertical By Applications By Components • Security • Image • Marketing recognition • Software • Automotive • Signal • Service • Retail and E-Commerce recognition • Hardware • Healthcare • Data mining • Manufacturing • Others • Law • Others Deep Learning Market Regional Analysis • North America (U.S., Canada, Mexico) • Europe (France, Germany, Italy, Spain, UK, Russia, Rest of Europe) • Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific) • LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA) Key Players • Advanced Micro Devices, Inc. • Amazon Web Services, Inc. • Google LLC • IBM Corporation • Intel Corporation • Microsoft Corporation • NVIDIA Corporation • Qualcomm Technologies, Inc. • Samsung • Xilinx Contact Us David Correa 1209 Orange Street Corporation Trust Center Wilmington New Castle Delaware 19801 USA Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 [email protected] Thank You
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