Deep Learning Market by Type and by Geography- Global Opportunity Analysis and Industry Forecast, 2020-2024
The deep learning market is expected to grow by $ 7.2 billion, progressing at a CAGR of almost 45% during the forecast period.
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Technavio has announced its latest market research report titled Global Deep Learning Market 2020-2024 (Graphic: Business Wire)
The growing application of deep learning is one of the major factors propelling market growth.
Deep Learning Market: Type Landscape
Various industries highly prefer the deep learning software as it helps in designing, training, and validating the deep neural networks through a very high level of a programming interface. Moreover, due to industrial digitalization, massive volumes of data are being generated, which subsequently drives the demand for various types of deep learning software solutions. Market growth in this segment will be faster than the growth of the market in the services and software segment.
Deep Learning Market: Geographic Landscape
North America had the largest deep learning market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing use of deep learning in various industrial applications such as voice recognition, image recognition, and its growing awareness are some of the factors that will significantly influence deep learning market growth in this region. 41% of the market's growth will originate from North America during the forecast period. The US, Canada, and Mexico are the key markets for deep learning in North America. Market growth in this region will be faster than the growth of the market in other regions.
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Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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