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.
In depth research report on 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
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
·
Installation services
·
Integration services
·
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
·
U.S.
·
Canada
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
China
·
India
·
Japan
·
Latin America
·
Brazil
·
Mexico
·
Middle East and Africa
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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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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