What Has Been the Progress and Growth of the Deep Learning Market in Recent Years?
The deep learning market has seen considerable growth due to a variety of factors.
• The expansion of the deep learning market has been substantial in the past few years. It is projected to increase from a worth of $24.71 billion in 2024 to $34.29 billion in 2025, with a compound annual growth rate (CAGR) of 38.8%.
The remarkable growth during the past years can be ascribed to global investments and funding, incorporation in autonomous systems, emphasis on comprehensible and interpretable models, the rise of generative models, and the expansion of edge computing.
What Can Be Expected from the Deep Learning Market in the Coming Years?
The deep learning market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the market for deep learning is anticipated to expand significantly. At a CAGR of 43.3%, it is predicted to reach $144.64 billion by 2029.
This market enlargement during the projected phase is due to a combination of factors, such as global economic and geopolitical events, advancements in security and robustness, adoption of hybrid and federated learning techniques, and penetration into new industrial sectors, along with an increased uptake in the healthcare field. Key trends to watch during this period include the enhancement of human capabilities, the use of quantum computing in deep learning, collaborations across different industries and contributions to open source, the utilization of hybrid and multicloud configurations, advancements in computer vision applications, and considerations regarding responsible AI and ethics.
What Are The Leading Drivers Of Growth In The Deep Learning Market?
The deep learning market is experiencing substantial growth due to the widespread uptake of cloud-based services. These services have evolved to such an extent that entire businesses can be operated through these platforms. Companies are thus progressively persuaded to switch from on-premise operations to cloud-based frameworks. For example, a Harvard Business Review Analytic Services report on cloud computing revealed that more than 74% of organizations view cloud computing as a source of competitive advantage over their rivals. Hence, the escalating preference for cloud-based services anticipates increased demand for the deep learning market in the forthcoming period.
How Are The Segments Defined Within The Global Deep Learning Market?
The deep learning market covered in this report is segmented –
1) By Product: Hardware, Software, Services
2) By Application: Image Recognition, Signal Recognition, Data Mining
3) By End User: BFSI, Automotive, Telecom and Media, Retail, Manufacturing, Healthcare, Other End Users
Subsegments:
1) By Hardware: GPUs (Graphics Processing Units), TPUs (Tensor Processing Units), ASICs (Application-Specific Integrated Circuits), Edge Devices
2) By Software: Deep Learning Frameworks, Model Training And Development Tools, Data Management And Preprocessing Tools, Deployment And Monitoring Software
3) By Services: Consulting Services, Training And Education Services, Managed Services, Support And Maintenance Services
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How Are New Trends Expected To Influence The Growth Of The Deep Learning Market?
The increasing adoption of edge intelligence is a growing trend within the deep learning market sector. Also referred to as edge Artificial Intelligence (AI), it marries AI with edge computing, enabling the implementation of machine learning algorithms directly on the edge device where the data originates. Edge intelligence has the potential to bring AI capabilities to anyone, anywhere, and at any moment. For example, the Swiss AI tech firm, Viso.ai, forecasts that by 2025, there will be 80 billion IoT devices and sensors in operation, with more than 50 billion connected to the internet.
Who Are the Key Players in the Deep Learning Market?
Major companies operating in the deep learning market include:
• Amazon Web Services Inc.
• Google LLC
• IBM Corporation
• Intel Corporation
• NVIDIA Corporation
• Advanced Micro Devices Inc.
• Cerebras Systems Inc.
• Mythic
• Sensory Inc.
• H2O. ai
• KNIME (Konstanz Information Miner)
• Dataiku
• Databricks Inc.
• Veritone Inc.
• DataRobot Inc.
• SoundHound AI
• Unity Technologies
• Interactions LLC
• Heartflow Inc.
• Imandra Inc.
• MindsDB SF AI Learning
• Neteera Technologies
• Clarifai Inc.
• Orbital Insight
• CHARM Therapeutics
• NoTraffic U. S. Inc.
What Is The Most Dominant Region In The Deep Learning Market?
North America was the largest region in the deep learning market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the deep learning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
