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$22.55 Billion Neural Network Software Market by Type (Data Mining and Archiving, Analytical Software, Optimization Software, and Visualization Software), Vertical & Region - Global Forecast to 2021 - Research and Markets

[January 23, 2017]

$22.55 Billion Neural Network Software Market by Type (Data Mining and Archiving, Analytical Software, Optimization Software, and Visualization Software), Vertical & Region - Global Forecast to 2021 - Research and Markets

Research and Markets has announced the addition of the "Neural Network Software Market - Global Forecast to 2021" report to their offering.

This research forecasts that the neural network software market size to grow from USD 7.17 Billion in 2016 to USD 22.55 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 33.2%.

The market is escalating rapidly owing to rising digitization trend and the surplus amount of spatial and unorganized data. The need to cluster such data and derive valuable insights with the help of analytical tools has led to the growing demand for neural network software, which helps in smooth and efficient completion of the task.

The neural network software type market has been segmented into data mining and archiving, analytical software, optimization software, and visualization software. The deployment of analytical software is high majorly due to the growing amount of data across varied end use vertical and the need to manage it.

MEA offers prospective growth opportunities. The major factors affecting the growth in the MEA region include smart technology initiatives, also the MEA countries have witnessed tremendous traction in terms of neural network software along with the growing adoption of Artificial Neural Network (ANN) solutions.

Companies Mentioned