Selbyville, Delaware, Nov. 21, 2024 (GLOBE NEWSWIRE) --
The deep learning market valuation is predicted to cross USD 209.1 billion by 2032, reported in a research analysis by Global Market Insights Inc.
The increasing demand for automation across industries is a major factor driving this growth. Companies are looking to improve efficiency, reduce costs, and minimize human errors, and deep learning technologies provide effective solutions for automating complex tasks.
The rise of cloud computing is further fueling the deep learning market. Cloud platforms offer scalable and flexible resources, allowing businesses to access high-performance computing without large initial hardware investments. This makes it easier for companies to implement deep learning solutions, manage large datasets, train sophisticated models, and deploy applications quickly.
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Leading cloud providers, including AWS, Google Cloud, and Microsoft Azure, offer specialized deep learning services. These platforms provide pre-built frameworks and tools that simplify the development process, driving innovation and increasing adoption of deep learning technologies. As more companies embrace cloud computing for data processing, the demand for deep learning solutions will continue to grow.
The deep learning market from the software segment captured over 30% of the market and is expected to surpass USD 80 billion by 2032. The growth in the software segment is driven by advancements in frameworks specifically designed for deep learning, such as TensorFlow, PyTorch, and Keras. These tools make it easier for developers to build, train, and deploy neural networks.
In terms of applications, the deep learning market is categorized into image recognition, speech recognition, signal recognition, data processing, and others. The image recognition segment accounted for around 31% of the market in 2023. Sectors like healthcare, automotive, retail, and security increasingly utilize image recognition technology to enhance operations and improve decision-making processes. In healthcare, for example, it is used to analyze medical images, enabling earlier disease detection and better patient care.
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U.S deep learning market held 75% share, driven by strong investments in AI research & development. Both government and private sector funding have fostered an environment conducive to deep learning innovation. Additionally, government initiatives and favorable regulatory frameworks in Europe promote AI development, further boosting the deep learning industry in that region. Many European countries are focusing on advancing AI technologies while ensuring ethical standards are maintained.
Partial chapters of report table of contents (TOC):
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Deep Learning Market Insights
3.1 Industry ecosystem analysis
3.1.1 Hardware providers
3.1.2 Software providers
3.1.3 Service providers
3.1.4 Technology providers
3.1.5 End-user
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Deep learning architecture
3.5 Case studies
3.6 Technology & innovation landscape
3.7 Key news & initiatives
3.8 Regulatory landscape
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Rapid advancements in deep learning technology
3.9.1.2 Rising demand for AI-powered solutions
3.9.1.3 Increasing government support and initiatives
3.9.1.4 Growing investment in deep learning
3.9.2 Industry pitfalls & challenges
3.9.2.1 Data privacy concerns
3.9.2.2 High computational costs
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
