Deep Learning Market Size Will Achieve USD 61.98 Billion By 2028 Growing At 39.2% CAGR - Exclusive Report By Introspective Market Research

Market Overview:

The Deep Learning market is anticipated to reach USD 61.98 Billion by 2028 from USD 6.12 Billion in 2021 by registerings a CAGR of 39.2 %.

Deep learning is a subfield of machine learning and artificial intelligence. It is also known as deep structured learning. It is a crucial part of data science since it includes statistical analysis and predictive modelling. Data learning helps to make this process quicker and easier for data scientists who are involved in gathering, analyzing, and interpreting enormous amounts of data. Deep learning controls a number of AI apps and services that automate, execute analytical and physical operations without interfering with human labor.

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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis

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Market Dynamics

Driver:
The main factor influencing the worldwide deep learning market share is the quick uptake of PCs, smartphones, and other mobile platforms. These devices are being used more and more, which produces a tonne of data. Deep learning technologies are then used to examine this data pool, which enables the technology to make better conclusions in any given situation. Any industry can benefit from the use of deep learning by reducing the amount of time and money spent on repetitive human operations. As a result, the market value for deep learning is blossoming due to the expanding use of deep learning across numerous end-use sectors.

Opportunities:
For the foreseeable future, the healthcare sector will continue to undergo digital transformation, giving cutting-edge technologies like AI, deep learning, and data analytics the chance to have an impact. Deep learning integration with big data analytics also helps the market expand quickly. A massive amount of data is produced by the current, explosive use of AI, IoT robots, industrial automation, cybersecurity, and machine vision technology. Thus, it is projected that throughout the projection period, the combination of big data and deep learning would lead to considerable growth potential for the market.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help

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Segmentation Analysis of Deep Learning Market

By Type, the software segment is projected to have the maximum market share in deep learning in the analysis period. This is owing to the growing adoption of software solutions in different applications like ATMs that can read checks

By Application, the Image recognition segment dominates the deep learning market. It is one of the crucial fields of image processing and computer vision.

By End User, the Automotive segment is anticipated to have maximum growth in the deep learning market in the analysis year. Deep learning technology has a number of automotive applications such as visual inspection in manufacturing

By Type
• Software
• Hardware
• Service

By Application
• Signal Recognition
• Image Recognition
• Others

By End User
• Aerospace & Defense
• Automotive
• Manufacturing
• Healthcare

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Regional Analysis of Deep Learning Market
North America has projected too high market growth in deep learning owing to growing investments in artificial intelligence and neural networks by major players in this region. For the purpose of image recognition, voice recognition, data mining, signal recognition, and diagnostic purposes cognition, the adoption of DL application models is increasing. The digital businesses in this region are rising rapidly. These factors supported the growth of the deep learning market over the forecast period. Mexico, Canada, and the United States are the dominating country in this region.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Top Key Players Covered In Deep Learning Market
• Advanced Micro Devices (US)
• ARM Ltd (UK)
• Clarifai (US)
• Entilic(US)
• Google (US)
• HyperVerge(US)
• IBM (US)
• Intel (US)
• Microsoft (US)
• NVIDIA (US) and other major players.

Key Industry Development In The Deep Learning Market:
In March 2021, Facebook established SEER (Self-supERvised) as a deep learning solution. This solution works independently works its way through the dataset and can learn from any random group of unlabelled images on the internet.
In May 2020, IBM declared that it would utilize the range of artificial intelligence (AI) technologies in the automation of the management of IT operations and modernize applications, also referred to as AIOps. It applies the machine and deep learning algorithms to time series data, semi-structured logs, structured data, and unstructured data spanning IT incidents and human conversations to track the timeline of an issue.

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