Market Overview

48.4% Growth Anticipated for Deep Learning

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Research
on Global Markets
, a global market research firm, released a report
on the Global
Deep Learning Market
, today. The highlight of the report is that the
global deep learning market is anticipated to reach USD 28.83 Bn,
expanding at a CAGR of 48.4% during the forecast period of 2018-2023.

Research on Global Markets believes that deep learning is evolving into
one of the most advanced technologies in enterprise computing. Deep
learning is increasingly being deployed by organizations to derive
valuable insights from huge amounts of data and provide innovative
products and improved customer experiences. Increased adoption of deep
learning technology among various industries such as automotive,
advertisement, and medical, coupled with growing necessity for hardware
platforms with high computing power to execute deep learning algorithms,
is the primary growth driver.

However, according to Research on Global Markets, unavailability of high
performance hardware and the greater complexities of deploying deep
learning algorithms within hardware pose significant challenges to the
overall growth of the global deep learning market.

Other key highlights of the report are:

  1. Increased usage of deep learning in big data analytics, and rising
    applicability in healthcare and autonomous vehicles are accelerating
    growth.
  2. Deep learning is used to develop technologies such as natural language
    processing and visual data mining to enhance product offerings.
  3. Technology giants like Google Inc, Microsoft Corp and IBM are the key
    players in the market.

For more information, download the Global Deep Learning Market report.

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