Neural Network Market size is estimated to reach $376 million by 2026 by Research Informatic


Posted January 21, 2023 by Urmilaab11

The Global Neural Network Market size is estimated to reach $376 million by 2026, growing at a CAGR of 21.7% over the forecast period of 2021-2026.

 
The Global Neural Network Market size is estimated to reach $376 million by 2026, growing at a CAGR of 21.7% over the forecast period of 2021-2026.
Neural Network helps solve problems in Artificial intelligence, machine learning, and deep learning by identifying patterns through computer programs, just the way it happens in the human brain. The widespread use of neural networks in the industry has paved the way for new technological breakthroughs. An efficient neural network solution gives programmers more programming flexibility by constructing and training customized deep neural networks while simultaneously providing an interface to a standard programming language. It aids businesses in reasoning tasks such as problem-solving and machine learning.
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Impact of COVID-19 on Neural Network Market:
The COVID-19 pandemic resulted in the need for many sectors to be digitized to cope with surviving during it. This is has resulted in the neural network market showing good progress because of the same. Moreover, the healthcare sector has also seen a lot of neural network implementation because of the pandemic.
Market Dynamics
Driver: An increase in the implementation of cloud-based solutions is driving the Neural Network Market.
The increase in popularity of cloud-based solutions has resulted in the need to analyze patterns in artificial intelligence, machine learning, deep learning. This has helped to drive the neural network market.
Challenge: Lack of skilled professionals is restraining the market growth.
The neural network has started booming very fast. However, not many skilled professionals understand the field pretty well as it is new. This is creating a hindrance to the faster growth of the Neural Network market.
Key Market Players
Key Players in the Global Neural Network Market consist of Google, IBM, Oracle, Microsoft, Intel, Qualcomm, Alyuda, Ward Systems, GMDH, LLC, Starmind, NeuralWare, Neurala, among others.
Developments
In May 2018, Microsoft introduced the new Microsoft Translator custom functionality, allowing customers to customize text and speech translation operations.
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Report Coverage and Scope
The report "Global Neural Network Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.
By Component
Platforms
Solutions
Services
By Application
Image recognition
Signal recognition
Data Mining
By Vertical
Banking
Retail and Ecommerce
Telecom
Healthcare and Life Sciences
Government and Public Sector
Manufacturing
Transportation and Logistics
Education
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By Geography
North America
Europe
APAC
RoW
TOC:
Chapter 1 Neural Network Market Overview
1.1 Product Overview and Scope of Neural Network
1.2 Neural Network Market Segmentation by Type
1.2.1 Global Production Market Share of Neural Network by Type in 2019
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
TOC Continued…
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Research Informatic is a bulging market research and consultancy company based in Nevada, United States, with a report distribution center in India. We are committed to assisting our clients in making critical business decisions by fulfilling their niche market research needs. Our clients are spread across more than 130 countries and in all business domains. Our service offerings include syndicated research, tailored research, consumer surveys, and consulting. We concentrate on making investment decisions based on a variety of criteria such as growth size, benefits strategies, technical advances, and changing consumer inclinations, to name a few.
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Last Updated January 21, 2023