Deep Learning System Market Growth – at a CAGR of 39.1% | Emergen Reserach

Growing use of deep learning systems in various industries and rapid adoption of AI, cloud-based technology and big data analytics are some key factors expected to drive global market revenue growth

According to Emergen Research, the global deep learning system market size was USD 6.59 billion in 2020 and is expected to reach USD 93.34 billion in 2028 and register a revenue CAGR of 39.1% during the forecast period, 2021-2028.

Market Dynamics:

Key factors providing impetus to the global deep learning system market revenue growth are rapid adoption of artificial intelligence (AI) and cloud-based technologies, increasing applications of deep learning in big data analytics, rapid digitization in a wide range of industries including banking & financial services, healthcare, retail, manufacturing, automotive, logistics, and education, and increasing adoption of deep learning systems. Deep learning, also referred to as deep structured learning, is a sub-field of machine learning based on artificial neural networks, which mimic the human brain through data inputs and recognize the key elements within the data accurately.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/586

Deep neural networks consist of multiple layers of interconnected nodes that aid in data gathering and making accurate predictions. Common use cases of deep learning are object detection, image interpretation & classification, automatic translation, natural language processing. Deep learning technology finds application in autonomous cars and enables vehicles to identify stop signs and differentiate between objects from pedestrians. The technology is also gaining traction in the defense & aerospace industry, as it helps develop intelligent infrastructure models, monitor traffic rate, and manage large volumes of data generated from multiple sensors.

The global deep learning system market revenue growth is further driven by factors such as rising volumes of complex data, growing need for advanced data processing capabilities, and increasing applications of deep learning architectures such as deep neural networks, deep reinforcement learning, and convolutional neural networks in areas including speech & facial recognition, natural language processing, machine automation, medical image analysis, self-driving cars, online transactions, fraud detection, and virtual assistants.

COVID-19 Impact Analysis:

• Social distancing and restrictions severely disrupted businesses and operations
• Lockdowns caused disruptions in transportation and logistics
• Impacted manufacturing activities and mining operations globally
• Took a toll on economy of various countries
• Caused sudden and drastic downturn in economic activity
• Disrupted agriculture, fisheries, dairy, and other sectors
• Caused loss of employment and financial crisis
• Supply impacts were further compounded owing to reduced disposable income
• Emergence of variants  continue to cause concerns and impact normal routines

Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/586

Image Recognition Segment Accounted for Largest Revenue Share in 2020:

. The image recognition segment dominated other segments in terms of revenue share in the global market in 2020. Rising demand for deep learning systems for pattern recognition, facial recognition, object recognition, optical character recognition, code recognition, and digital image processing is one of the major factors driving revenue growth of this segment. Furthermore, increasing use of deep learning software in the medical imaging field for accurate interpretation of medical images from computed tomography, ultrasound scans, and Magnetic Resonance Imaging (MRI) is expected to drive this segment’s revenue growth over the forecast period. 

Healthcare Segment to Account for Fastest Revenue CAGR:

The security segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Increasing applications of deep learning in security solutions, rising focus of government and private agencies on reinforcement of the cybersecurity ecosystem, and increasing incidences of cyberattacks in organizations are among the key factors contributing to revenue growth of this segment.

North America Accounted for Largest Revenue Share in 2020:

Among regional markets, the North America deep learning system market accounted for the largest revenue share in the global market in 2020. Rapid digitization in numerous industries, increasing adoption of AI and cloud-based technologies in the banking & financial services, retail, manufacturing, healthcare, automotive, and education industries, and introduction of next-generation deep learning software and systems are among the major factors supporting the North America market revenue growth. Increasing volumes of complex and unstructured data, rising need for advanced data processing solutions, and presence of key market players in the region, including Google LLC, IBM Corporation, and Amazon Web Services Inc., are some other factors expected to further boost the regional market revenue growth.

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/deep-learning-system-market

Major Companies in the Global Deep Learning System Market Include:

• Google LLC
• Intel Corporation
• IBM Corporation
• Amazon Web Services Inc.
• Microsoft Corporation
• Qualcomm
• Micron Technology Inc.
• Oracle Corporation
• Nvidia Corporation
• Sensory Inc.
• Xilinx
• Graphcore
• Mythic Inc.
• Koniku Inc.
• Adapteva

For the purpose of this report, Emergen Research has segmented the global deep learning system market on the basis of product, application, end-use, and region:

Product Outlook (Revenue, USD Billion; 2018–2028)

• Software

• Solution (Software Framework/SDK)
• Platform/API

• Hardware

• Processor
• Network
• Memory

• Services

• Training
• Installation
• Support & Maintenance

Application Outlook (Revenue, USD Billion; 2018–2028)

• Signal Recognition
• Image Recognition
• Data Mining
• Others

End-use Outlook (Revenue, USD Billion; 2018–2028)

• Manufacturing
• Healthcare
• Agriculture
• Automotive
• Retail
• Security
• Human Resources
• Law
• Marketing
• Fintech

Custom Requirements can be requested for this Report [Customization Available] @ https://www.emergenresearch.com/request-for-customization/586

Region Outlook (Revenue, USD Billion; 2018-2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • U.A.E.
  • South Africa
  • Turkey
  • Rest of Middle East & Africa

Read Latest Blog Articles Published by Emergen Research:

Top 10 Globally Leading Companies In The Esports Market

Top 10 Globally Leading and Prominent Companies in the Pulse Oximeter Industry

Multiple Sclerosis Drugs Market – Driven by Increasing Research on Discovering Novel MS Therapeutic Targets and Advancements in Clinical Development of MS Therapeutic Agents

Micromobility Market – Rapid Shift towards Sustainable Urban Transport to Drive Growth

Top 10 Companies offers Robust Artificial Intelligence Platforms to Revolutionize Healthcare Processes and Delivery

Top 10 Leading Companies in Cell and Gene Therapy Market Delivering Life-Changing Therapies to Improve Quality of Life

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Emergen Research Media Citations: https://www.emergenresearch.com/media-citations

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services

Press Release Available @ https://www.emergenresearch.com/press-release/global-deep-learning-system-market