The global deep learning market size is expected to reach USD
10.2 billion by 2025, according to a new report by Grand View Research, Inc.
Considerable improvements in machine learning algorithms and advancements in
deep learning chipsets are driving the industry growth.
Rapid improvements in fast information
storage capacity, high computing power, and parallelization have contributed to
the swift uptake of the deep learning technology in end-use industries such as
automotive and healthcare. Further, the need for understanding and analyzing
visual contents among enterprises in order to gain meaningful insights, is
expected to provide traction to the industry over the forecast period.
The increasing prominence of Graphics
Processing Unit (GPU)-accelerated applications is leading to increased adoption
of the technology in scientific disciplines such as deep learning and data
science. Organizations are utilizing deep learning neural networks to extract
valuable insights from enormous amounts of data for providing innovative
products and improving customer experience; thereby, increasing revenue
opportunities.
The technology is expected to gain
prominence among key players and researchers, owing to its use in improvising
artificial intelligence capabilities in Natural Language Processing (NLP),
image & speech recognition, and computer vision areas. Solution providers
are resorting to partnerships and collaborations to enter the deep learning
space. For instance, in January 2016, Movidius collaborated with Google, Inc.
to enhance its deep learning capabilities on mobile devices. In September 2016,
Intel Corporation announced the acquisition of Movidius for improvising its
computer vision and deep learning solutions.
Full research report on deep learning market analysis: http://www.grandviewresearch.com/industry-analysis/deep-learning-market
Further key findings from the report suggest:
·
The hardware segment is expected to witness
the fastest growth due to increased demand for high computing chipsets which
are used to run deep learning algorithms
·
The Field Programmable Gate Array (FPGA)
segment is expected to witness considerable growth on account of its enhanced
power efficiency and capability to bridge the GPU performance gap using
multiple FPGAs
·
The healthcare segment is anticipated to
grow at a significant rate of over 55%, as the technology is outspreading the
translational bioinformatics, medical imaging, and sensor-driven analysis
·
The Asia Pacific deep learning market is
expected to be the fastest-growing regional market due to increasing spending
on artificial intelligence and cognitive computing technologies
·
The key industry players include Intel
Corporation, NVIDIA Corporation, IBM Corporation, and Microsoft Corporation
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the deep
learning market based on solutions, hardware, services, applications, end-uses,
and regions:
Deep Learning Solution Outlook (Revenue, USD Million;
2014 - 2025)
·
Hardware
·
Software
·
Service
o Installation services
o Integration services
o Maintenance & support services
Deep Learning Hardware Outlook (Revenue, USD Million;
2014 - 2025)
·
Central Processing Unit (CPU)
·
Graphics Processing Unit (GPU)
·
Field Programmable Gate Array (FPGA)
·
Application-Specific Integrated Circuit
(ASIC)
Deep Learning Application Outlook (Revenue, USD Million;
2014 - 2025)
·
Image recognition
·
Voice recognition
·
Video surveillance & diagnostics
·
Data mining
Deep Learning End-use Outlook (Revenue, USD Million; 2014
- 2025)
·
Automotive
·
Aerospace & defense
·
Healthcare
·
Manufacturing
·
Others
Deep Learning Regional Outlook (Revenue, USD Million;
2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
Latin America
o Brazil
o Mexico
·
Middle East and Africa
Access press release
by Grand View Research: https://www.grandviewresearch.com/press-release/global-deep-learning-market
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
http://www.grandviewresearch.com
