Neural Network Software Market Worth $38,719 Million by 2023 - PowerPoint PPT Presentation

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Neural Network Software Market Worth $38,719 Million by 2023

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Increased application areas for deep neural networks, rise in IT expenditures, and surge in demand for cloud-based solutions drive the market growth. In addition, recent innovations and growth in adoption of advanced analytical systems have further fueled the neural network market growth. Get the Sample@ Neural network is a form of artificial intelligence, which involves a series of algorithms used to understand the relationship between datasets and to obtain desired output. – PowerPoint PPT presentation

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Title: Neural Network Software Market Worth $38,719 Million by 2023


1
NEURAL NETWORK MARKET
Neural Network Market Component (Software and
Services) and End-use Industry ((BFSI), Public
Sector, Energy Utilities, Retail, IT Telecom,
Manufacturing, Aerospace Defense, Healthcare,
and Others) - Global Opportunity Analysis and
Industry Forecast, 2017-2023
GLOBAL OPPORTUNITY AND FORECAST 2017- 2023
2
 
NEURAL NETWORK MARKET ANALYST REVIEW
 Increased application areas for deep neural
networks, rise in IT expenditures, and surge in
demand for cloud-based solutions drive the market
growth. In addition, recent innovations and
growth in adoption of advanced analytical systems
have further fueled the neural network market
growth. Pankaj Lanjudkar Lead Analyst, ICT at
AMR
 
3
 
CURRENT AND FUTURE MARKET SCENARIO
  • The global neural network market was valued at
    7,039 million in 2016.
  • The global neural network market is projected to
    reach at 38,719 million by 2023.
  • The global neural network market growing at a
    CAGR of 28.0 from 2017 to 2023. 
  • The software segment is estimated to provide
    significant growth opportunities to the key
    players operating in the global market.
  • The banking, financial services, and insurance
    (BFSI) represents the most attractive market
    segment that is expected to create lucrative
    opportunities for industry players.

4
 
TOP IMPACTING FACTORS TO MARKET GROWTH
  • Availability of Improved Analytical Tools and
    Predication Solutions.
  • Traditionally, excessive time was consumed for
    communicating business information and making
    decisions with the help of homegrown
    applications.
  • Growth in Demand for Cloud-based Solutions.
  • The cloud computing model is widely adopted due
    to its powerful and flexible infrastructural
    option. Several end users adopt the cloud-based
    deployment mode to simplify the storage of data,
    as it provides remote server access on the
    internet, which provides access to unlimited
    computing power.
  • Impact of Developing Economies.
  • Developing countries hold a significant potential
    for the neural network market due to a low
    adoption base and developing IT infrastructure. 
  • Lack of Skilled Workforce
  • At present, the impact of this factor on the
    market is high, which limits the end users to
    invest into advanced solutions and services.

5
NEURAL NETWORK MARKET SEGMENTATION
  • BY COMPONENT
  • Software
  • Services
  • BY END-USE INDUSTRY
  • Aerospace Defense
  • Banking, Financial Services, and Insurance (BFSI)
  • Public Sector
  • Retail
  • Healthcare
  • IT Telecom
  • Energy Utilities
  • Manufacturing
  • Others

Request PDF Sample Copy_at_ https//www.alliedmarketr
esearch.com/request-sample/2326
6
The BFSI segment dominated the global neural
network market in 2016, and the aerospace
defense segment is expected to grow at the
highest CAGR during the forecast period from 2017
to 2023.
The software segment is estimated to provide
significant growth opportunities to the key
players operating in the global market.
7
 
GEOGRAPHICAL OVERVIEW
  • Based on region, it is analyzed across North
    America, Europe, Asia-Pacific, and LAMEA.
  • The neural network market in North America is
    expected to be dominant, in terms of market size.
    However, Asia-Pacific is estimated to witness
    significant growth rate, during the forecast
    period.
  • North America was the highest revenue contributor
    in 2016, accounting for around 36 share in the
    neural network market. However, Asia-Pacific is
    projected to grow at the highest CAGR of 31.0
    during the forecast period.

8
DOMINATING MARKET PLAYERS PROFILED IN THE STUDY
  • Neural Technologies Limited
  • SwiftKey
  • Starmind International AG
  • Afiniti
  • Ward Systems Group Inc.
  • GMDH LLC.
  • NeuroDimension, Inc.
  • NeuralWare
  • Alyuda Research, LLC.
  • OLSOFT LLC.

9
 
A Report Titled Neural Network Market-
Opportunities And Forecast, 2017 2023 has been
recently published by Allied Market Research. It
makes an In-depth Analysis of current trends,
drivers, and restraining factors that affect
Financial Ratios relevant to the industry.
Company profiles for key vendors in business
builds a comprehensive picture of profitable
opportunities from Stakeholders Perspective. To
Know More About Neural Network Market-
Opportunities and Forecast 2017 -
2023 https//www.alliedmarketresearch.com/neural-n
etwork-market Get PDF Sample Copy https//www.all
iedmarketresearch.com/request-sample/2326 Follow
Allied Market Research
10
 
ABOUT ALLIED MARKET RESEARCH
Allied Market Research (AMR) is a full-service
market research and business-consulting wing of
Allied Analytics LLP based in Portland, Oregon.
Allied Market Research provides global
enterprises as well as medium and small
businesses with unmatched quality of "Market
Research Reports" and "Business Intelligence
Solutions." AMR has a targeted view to provide
business insights and consulting to assist its
clients to make strategic business decisions and
achieve sustainable growth in their respective
market domain. We are in professional corporate
relations with various companies and this helps
us in digging out market data that helps us
generate accurate research data tables and
confirms utmost accuracy in our market
forecasting. Each and every data presented in the
reports published by us is extracted through
primary interviews with top officials from
leading companies of domain concerned. Our
secondary data procurement methodology includes
deep online and offline research and discussion
with knowledgeable professionals and analysts in
the industry.
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