Deep Learning Market Will Reach a Valuation of over
USd 31.43 Bn towards 2032-end: Market.us
The deep learning market had value USD 31.43 billion in 2021, It is projected to
increase at a CAGR of 34.2%. This study uses 2021 as the base year. The forecast
period runs from 2022 through 2032.
Due to its high computational capability and improved data-driven app, deep
learning will grow in popularity over the next few years. This market has seen
significant growth due to its key drivers: increasing computational power,
decreasing hardware costs, and greater adoption of cloud-based technology.
These factors contribute to the growth of speech recognition software,
automotive vehicles, and language translation services. They also receive
extensive applications in the retail, healthcare and security, as well as
manufacturing, industries.
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Deep Learning Market demand has seen a significant increase in Deep Learning
applications. These applications are image recognition, voice recognition, signal
recognition, & data mining. Deep Learning Market Growth has been driven by
the growing demand for deep learning and voice recognition software such as
Amazon Alexa, Apple Siri, and Amazon's Alexa. The major attributes of this
market include the widespread adoption of cloud-base services, and the
increasing amount of unstructured information. The market is also driven by
models for image recognition and speech recognition, language translation, and
data mining.
Deep Learning Market: Restraints and Challenges
The overall market growth will be impeded by certain challenges and
restrictions. A lack of technical knowledge in deep learning, and limitations on
standards and protocols could all contribute to security risks. There are many
points that can be hacked. Complex, integrated systems and the integration
deep learning solutions with existing systems is a challenging task that limits
growth.
Deep Learning Market Key Trends:
In recent years, the retail industry has seen a major shift in its core operations.
Many notable brands have chosen to focus their efforts on online service and
fewer onsite offerings. Deep learning allows retailers automation and
streamlining of processes in a way previously unimagined. Additionally, retailers
can really harness the power AI to improve user experience and automate
tedious tasks.
Top winners: Key Market Players
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Advanced Devices, Inc.
ARM Ltd.
Clarifai Inc.
Entilic
Google Inc.
HyperVerge
IBM Corporation
Intel Corporation
Microsoft Corporation
NVIDIA Corporation and Other Key Players
The Latest Developments:
1. Baidu Inc. revealed many new features on the Baidu AI technology platform
in 2021. PaddlePaddle is the base layer of the platform. It provides a foundation
for the development of new AI applications.
2. The Skymind recently made USD 11.05 million in 2019 in a project to apply
deep learning to multiple companies. The objective was to automate business
processes in North America and increase customer acquisition.
Scope of the Report
Attribute
Details
Market Size in 2021
Growth Rate
Historical Years
Base Year
Quantitative Units
USD 31.43 Bn
34.2%
2016-2020
2021
USD In Bn
Company Overview
Financial Highlights
Product Portfolio
SWOT Analysis
Key Strategies and Developments and more...
North America, Europe, Asia-Pacific, South America,
Middle East & Africa
United States, Canada and Mexico, Germany, France,
UK, Russia and Italy, China, Japan, Korea, India and
Southeast Asia, Brazil, Argentina, Colombia etc. Saudi
Arabia, UAE, Egypt, Nigeria and South Africa
Revenue analysis, Manufacturers Analysis, Volume
by Manufacturers, Company Share Analysis, Key
segments, Key company analysis, Market Trends,
Competitive landscape, Distribution Channel, Market
Dynamics, COVID-19 Impact Analysis, Strategy for
existing players to grab maximum market share and
more...
200+ Pages
150+
PDF/Excel
Available - Click here to Get a Sample Report
Competitive analysis
Regional Scope
Country Scope
Report coverage
No. of Pages in Report
No. of Tables & Figures
Format
Sample Report
Deep Learning Market Segmentation Analysis
By Solution
 Hardware
 Software
 Service
 Installation Services
 Integration Services
 Maintenance & Support Services
By Service
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Central Processing Unit (CPU)
Graphics Processing Unit (GPU)
Field Programmable Gate Array (FPGA)
Application-Specific Integration Circuit (ASIC)
By Application
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Image Recognition
Voice Recognition
Video Surveillance & Diagnostics
Data Mining
By End-use
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Automotive
Aerospace & Defence
Healthcare
Manufacturing
Other End-Uses
* Based on regional and country-level analysis, the Deep Learning market has
been segmented as follows: **
 North America (United States, Canada and Mexico)
 Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of
Europe)
 Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
 South America (Brazil, Argentina, Colombia, and Rest of South America)
 Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of
Middle East & Africa)
Frequently Asked Questions:
 What is deep learning?
 Why is deep learning booming?
 Is deep learning better than machine learning?
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What are the benefits of deep learning?
What are the challenges of deep learning?
What is the scope of deep learning market?
Do companies use deep learning?
Is deep learning really AI?
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