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Global Neural Network Software Market Worth $38,719 Million by 2023

Increased application areas for deep neural networks, rise in IT expenditures, and surge in demand for cloud-based solutions drive the market growth. In addition, recent innovations and growth in adoption of advanced analytical systems have further fueled the neural network market growth.<br><br>Get the Sample@ https://www.alliedmarketresearch.com/request-sample/2326<br><br>Neural network is a form of artificial intelligence, which involves a series of algorithms used to understand the relationship between datasets and to obtain desired output. This network implements a process, which is designed to incorporate the functionalities of human brain through a variety of deep learning technologies and to solve complex pattern recognition or signal processing problems. Applications of neural network include weather prediction, handwriting recognition, oil-exploration data analysis, facial recognition, and speech-to-text transcription, and others.

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Global Neural Network Software Market Worth $38,719 Million by 2023

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  1. NEURAL NETWORK MARKET Neural Network Market Component (Software and Services) and End-use Industry ((BFSI), Public Sector, Energy & Utilities, Retail, IT & Telecom, Manufacturing, Aerospace & Defense, Healthcare, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023 GLOBAL OPPORTUNITY AND FORECAST 2017- 2023

  2. NEURAL NETWORK MARKET ANALYST REVIEW  Increased application areas for deep neural networks, rise in IT expenditures, and surge in demand for cloud-based solutions drive the market growth. In addition, recent innovations and growth in adoption of advanced analytical systems have further fueled the neural network market growth. Pankaj LanjudkarLead Analyst, ICT at AMR

  3. CURRENT AND FUTURE MARKET SCENARIO • The global neural network market was valued at $7,039 million in 2016. • The global neural network market is projected to reach at $38,719 million by 2023. • The global neural network market growing at a CAGR of 28.0% from 2017 to 2023. • The software segment is estimated to provide significant growth opportunities to the key players operating in the global market. • The banking, financial services, and insurance (BFSI) represents the most attractive market segment that is expected to create lucrative opportunities for industry players.

  4. TOP IMPACTING FACTORS TO MARKET GROWTH • Availability of Improved Analytical Tools and Predication Solutions. • Traditionally, excessive time was consumed for communicating business information and making decisions with the help of homegrown applications. • Growth in Demand for Cloud-based Solutions. • The cloud computing model is widely adopted due to its powerful and flexible infrastructural option. Several end users adopt the cloud-based deployment mode to simplify the storage of data, as it provides remote server access on the internet, which provides access to unlimited computing power. • Impact of Developing Economies. • Developing countries hold a significant potential for the neural network market due to a low adoption base and developing IT infrastructure.  • Lack of Skilled Workforce • At present, the impact of this factor on the market is high, which limits the end users to invest into advanced solutions and services.

  5. NEURAL NETWORK MARKET SEGMENTATION • BY COMPONENT • Software • Services • BY END-USE INDUSTRY • Aerospace & Defense • Banking, Financial Services, and Insurance (BFSI) • Public Sector • Retail • Healthcare • IT & Telecom • Energy & Utilities • Manufacturing • Others Request PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/2326

  6. The BFSI segment dominated the global neural network market in 2016, and the aerospace & defense segment is expected to grow at the highest CAGR during the forecast period from 2017 to 2023. The software segment is estimated to provide significant growth opportunities to the key players operating in the global market.

  7. GEOGRAPHICAL OVERVIEW • Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • The neural network market in North America is expected to be dominant, in terms of market size. However, Asia-Pacific is estimated to witness significant growth rate, during the forecast period. • North America was the highest revenue contributor in 2016, accounting for around 36% share in the neural network market. However, Asia-Pacific is projected to grow at the highest CAGR of 31.0% during the forecast period.

  8. DOMINATING MARKET PLAYERS PROFILED IN THE STUDY • Neural Technologies Limited • SwiftKey • Starmind International AG • Afiniti • Ward Systems Group Inc. • GMDH LLC. • NeuroDimension, Inc. • NeuralWare • Alyuda Research, LLC. • OLSOFT LLC.

  9. A Report Titled “Neural Network Market- Opportunities And Forecast, 2017– 2023” has been recently published by Allied Market Research. It makes an In-depth Analysis of current trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from Stakeholder’s Perspective. To Know More About Neural Network Market- Opportunities and Forecast 2017 - 2023 https://www.alliedmarketresearch.com/neural-network-market Get PDF Sample Copy https://www.alliedmarketresearch.com/request-sample/2326 Follow Allied Market Research

  10. ABOUT ALLIED MARKET RESEARCH Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: ShriramDighe 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: +1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com

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