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  • Deep Learning Market Growth Analysis | 2023-2028

    Deep Learning Market Growth Analysis | 2023-2028

    Deep Learning Market Growth Analysis | 2023-2028
    Report code - SR1839 Delivery - 2 Weeks
    Deep Learning Market Size, Share, Trends, Forecast, & Growth Analysis - 2023 See more...

    Market Insights

    The deep learning market was estimated at USD 42.6 billion in 2022 and is likely to grow at a CAGR of 34.19% during 2023-2028 to reach USD 255.75 billion in 2028.

    Deep-Learning-Market-Insights

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    What is deep learning?

    Learning is a subcategory of machine learning that deals with teaching computers about basic human instincts. Furthermore, with the help of deep learning, a computer algorithm learns to perform classification tasks by directly analyzing complex data in the form of images, text, or sound. Furthermore, deep learning enables end users to create algorithms that achieve state-of-the-art (SOTA) accuracy, which is greater than human-level performance.

    COVID-19 Impact

    The pandemic of COVID-19 has had a significant impact on countries' health, financial, and social systems. Individuals can benefit from understanding and coping with their mental, psychological, and social well-being if individual-level susceptibility factors are known. The use of artificial intelligence technology is likely to aid in the fight against the COVID-19 pandemic. Several countries are tracking and tracing COVID-19 cases using population surveillance methods.

    Deep Learning Market Highlights

    Market Size in 2022

    USD 42.6 billion

    Market Size in 2028

    USD 255.75 billion

    Market Growth (2023-2028)

    34.19% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    The key players operating in the market are-

    • NVIDIA (US)
    • Intel (US)
    • Xilinx (US)
    • Samsung Electronics (South Korea)
    • Micron Technology (US)
    • Qualcomm (US)
    • IBM (US)
    • Google (US)
    • Microsoft (US)
    • AWS (US).

    Market Dynamics

    The deep learning market is growing as computing power improves, hardware costs fall, and cloud-based technology adoption rises. Furthermore, the use of deep learning in big data analytics has a positive impact on market growth. However, increasing hardware complexity due to complex algorithms used in technology, as well as a lack of technical expertise and the absence of standards and protocols, are impeding market growth. On the contrary, cumulative spending in the healthcare, travel, tourism, and hospitality industries is expected to provide profitable opportunities for market expansion during the forecast period.

    Deep-Learning-Market-Dynamics

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    Segments Analysis

    By Application Type

    Based on Application, the deep learning market has been classified into Image recognition, Signal recognition, Data mining, and others. Under these, the Image recognition segment held a significant market share in 2022. This is due to an increase in the demand for pattern recognition, optical character recognition, code recognition, facial recognition, object recognition, and digital image processing.

    Regional Insights

    By region, the North American market held the highest market share in 2022 and is projected to grow at the fastest CAGR in the coming years. The presence of major R&D investors such as IBM Corporation, Amazon.com, and Oracle Corporation expands the regional market size. Furthermore, the availability of established IT infrastructure and high investments are expected to drive market growth in North America. For example, the United States' Defense Advanced Research Projects Agency (DARPA) invested USD 2 billion to develop AI technologies such as machine learning (ML), among others.

    Deep-Learning-Market-Regional-Insights

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    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Component Type

    • Hardware
    • Software
    • Service

    By Application Type

    • Image recognition
    • Signal recognition
    • Data mining
    • others

    By Industry Vertical Type

    • Security
    • Marketing
    • Automotive
    • Retail & E-Commerce
    • Healthcare
    • Manufacturing,
    • Law
    • Others

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, Italy, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, South Korea, Taiwan, and The Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, South Africa, Saudi Arabia, and Others)

    Deep-Learning-Market-Segmentation

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    Target Audience

    The target audience of Deep Learning Market includes-

    • Deep Learning companies
    • Deep Learning distributors
    • Chipset manufacturers
    • Cloud service providers
    • Commercial banks
    • Deep learning/machine learning solution providers

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Deep Learning Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Learning is a subcategory of machine learning that deals with teaching computers about basic human instincts. Furthermore, with the help of deep learning, a computer algorithm learns to perform classification tasks by directly analyzing complex data in the form of images, text, or sound. Furthermore, deep learning enables end users to create algorithms that achieve state-of-the-art (SOTA) accuracy, which is greater than human-level performance.

    The deep learning market was estimated at USD 42.6 billion in 2022.

    The deep learning market is likely to reach USD 255.75 billion in 2028.

    The deep learning market is likely to grow at a CAGR of 34.19% during 2023-2028.

    The key players operating in the market are NVIDIA (US), Intel (US), Xilinx (US), Samsung Electronics (South Korea), Micron Technology (US), Qualcomm (US), IBM (US), Google (US), Microsoft (US), and AWS (US).

    The target audience of the market includes Deep Learning companies, Deep Learning distributors, Chipset manufacturers, Cloud service providers, Commercial banks, and Deep learning/machine learning solution providers.

    North American market held the highest market share in 2022 and is projected to grow at the fastest CAGR in the coming years.

    The use of deep learning in big data analytics has a positive impact on market growth. However, increasing hardware complexity due to complex algorithms used in technology, as well as a lack of technical expertise and the absence of standards and protocols, are impeding market growth.