Deep Learning Market Status, Business Opportunities, Trends and Competitive Landscape | Coronavirus Effects
Market Highlights
The
need to enable more function in devices and machines are anticipated to
motivate the deep learning market 2020. The information & communication
technology industry reports are created by Market Research Future, which
centers on market choices for expansion. A USD 17.40 billion revenue is
expected to be created by the market by 2023.
The
advance in technologies such as voice/speech recognition and natural language
processing are projected to spur deep learning as a service market. The demand
for humanoid robots is estimated to be another vital factor contributing to the
development of the deep learning market.
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Segmentation:
The
segment examination of the deep learning market includes segments created on
the basis of end-user, component, application, and region. The component basis
of segmenting the deep learning market consists of hardware, which is further
sub-segmented into memory, processor, and network, software which is further
sub-segmented solution and platform and services which is sub-segmented into
training, support & maintenance and installation. The segmentation of the deep learning market by application
includes data mining, image recognition, signal recognition, and others. The
end-user segment of the deep learning market consists of manufacturing,
security, retail, media & entertainment, BFSI, healthcare, automotive, and
agriculture. The regions of the deep learning market consist of Asia-Pacific,
North America, Europe, and the rest of the regions.
Detailed Regional Analysis
The
regional inquiry of the deep learning market includes regions such as
Asia-Pacific, North America, Europe, and the rest of the regions. The
developing implementation of deep learning technology for applications
specifically of voice and image recognition, signal recognition, data mining,
and diagnostics purpose in countries in the North American region such as the
US, Canada, and Mexico are motivating the market development. The developing
advance and penetration Japan, Australia, New Zealand, South Korea, and Taiwan
in deep learning technology are rapidly boosting the market development in the
Asia-Pacific region. Moreover, the implementation of deep learning technology
by administrations in the European countries for fraud detection, surveillance,
and data mining are also likely to incentivize the market development in the
region.
Competitive Analysis
The
improved backing by government and trade bodies are creating a favorable pace
of growth in the market. The control of overhead costs is projected to motivate
the market considerably in the forecast period. The market is observed to be on
a hot streak of expansion in the forecast period. The market players are
expected to contribute in a significant way to the progress of the market by
investing capital and fortifying their assets and competencies in the market to
match the pulse of the market. The customer inclinations are projected to
define the growth of the global market more than ever in the coming years. The
intensive attention focused on research and development activities is projected
to open up new areas for development of the market in the forecast period. The
robust marketing activities undertaken by the contenders in the market are
inspiring the next steps for market development in the forecast period.
The
strategic companies in the deep learning market are Intel Corporation (USA),
Baidu Inc (China), Samsung Electronics Co Ltd (South Korea), Facebook (USA),
Sensory Inc. (USA), NVIDIA Corporation (USA), Amazon Inc. (USA), Xilinx Inc.
(USA), Advanced Micro Devices Inc. (USA), Google LLC (USA), Mellanox
Technologies (USA), Micron Technology (USA), Adapteva, Inc. (USA), Qualcomm
Technologies Inc. (USA), IBM Corporation (USA), Tenstorrent (Canada), and
Microsoft Corporation (USA).
Industry Updates:
Mar 2020 The scientists at MIT and Harvard’s Broad
Institute and MIT’s CSAIL have built a deep learning network that can obtain a
wide-ranging representation of molecular structure and thus discover novel
antibiotics. The resultant compound, halicin, can be used to end a pathogen for
which no cure has happened, and it potentially can even help in the battle
against coronavirus.
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Deep Learning Market Research Report: By Component (Hardware, Software,
Services), By Application (Image Recognition, Data Mining, Signal Recognition),
By End User (Security, Manufacturing, BFSI, Healthcare, Agriculture) - Forecast
till 2023
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