Deep learning is evolving as one of the most advanced technologies in enterprise computing. Organizations are using deep learning neural networks to obtain valuable insights from vast amounts of data to offer innovative products and improved customer experience and thereby increasing revenue opportunities for the deep learning market. The rising need for enhanced human and system interaction will be driving the growth of global deep learning market during the forecast period. As deep learning systems offer expert assistance, it will assist humans to extend their capabilities. Also, there is a rise in usage of deep learning technology across various industrial verticals such as medical, finance, automotive retail, and others. Another driving factor for this market is the robust R&D for the expansion of better processing hardware for deep learning.
There is increasing demand for deep learning in fraud detection, database systems, and cyber security is driving the growth of data mining applications in deep learning market. Healthcare industries produce a huge volume of data sets related to patient details, diagnosis, etc. Thus, data mining is anticipated to witness highest growth rate in the healthcare sector in the near future.
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Deep Learning Market: Market Dynamics
Rising necessity for hardware platforms with high computing power to execute deep learning algorithms is a driving factor of Deep Learning market
Increasing complexity in hardware due to the complex algorithm in deep learning technology can hamper the growth of Deep Learning market.
Growing usage of deep learning in data analytics and database systems growth opportunities for Deep Learning Market.
Global Deep Learning Market: Market Segmentation
Deep learning market segmented by product, application, end-user, and region.
Segmentation by product in Deep Learning market:
Segmentation by application in Deep Learning market:
- Image Recognition
- Signal Recognition
- Data Mining
Segmentation by end-user in Deep Learning market:
- Media & Entertainment
- Aerospace & Defence
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Global Deep Learning Market: Competition Landscape
Few prominent players in Deep Learning market includeGoogle Inc., Microsoft Corporation, Qualcomm Technologies, Inc., IBM Corporation, Intel Corporation, General Vision Inc. and NVIDIA Corporation, etc.