The Deep Learning Market is expected to reach USD 18.16 Billion by 2023 at a CAGR of 41.7 percent from 2018 to 2023. According to a report that covers detailed competitive outlook together with the market share and company profiles of the key participants operating in the global market. IBM Corp., Google Inc., Intel Corp., Microsoft Corp., AWS, Sensory Inc., Qualcomm, Graphcore (UK), Xilinx and Hewlett Packard included as the key participants, the report noted.
The major driving factors of Deep Learning Market involve Introduction of latest hardware for Deep Learning applications; Improvement in Deep Learning algorithms; and increased penetration in huge information analytics. The Deep Learning Market is segmented in End-User Type, Application Type, Solution Type, and Regional Analysis. By End-User Type, the market is segmented in Automotive, Aerospace & Defense, Manufacturing, Healthcare, and Others.
By Application Type, the market is segmented in Image recognition, Video surveillance & diagnostics, Voice recognition, and Data mining. By Solution Type, it segmented in Hardware, Software, and Service, in which service is segmented into Installation services, Integration services, and Maintenance & Support services. And, by Regional Analysis, Deep Learning Market is segmented in North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Of all the regions, North America acquired the largest deep learning market share in terms of revenue in the year 2017. The overall Deep Learning Market is expected to be worth USD 3.18 Billion in 2018 to reach at USD 18.16 Billion by 2023.