San Francisco,9 October
2018: 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.
Access Research Report
of Deep Learning Market@ 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
Browse more reports of this category by Grand View
Research at: 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 of
Deep Learning Market@ 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.
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