Press release
Neural Network Market Comprehensive Report 2021: Top Players, Key Regions and Segmentation Analysis 2026
Neural network is defined as the system of hardware and software comprising simple and highly interconnected processing elements (neurons). It is also known as artificial neural network (ANN). It is a form of artificial intelligence involving a series of algorithms and is used to understand the relationship between datasets to obtain a desired output. This network implements a process, which is designed to incorporate the functionalities of human brain through a variety of deep learning technologies to solve complex pattern recognition or signal processing problems. Applications of neural network includes weather prediction, handwriting recognition, oil-exploration data analysis, facial recognition, and speech-to-text transcription, and others.
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The global neural network market was valued at $7,039 million in 2016, and is projected to reach $38,719 million by 2023, growing at a CAGR of 28.0% from 2017 to 2023.
The growth of the neural network market is driven by growth in demand for cloud-based solutions, demand for spatial data & analytical tools, and increase in market for prediction solutions. In addition, growth in IT expenditure in emerging nations and technological advancements for workflow optimization fuel the demand for advanced analytical systems driving the neural network market. However, lack of trained professionals is expected to impede the market growth. Furthermore, increased application areas for deep neural networks is expected to create lucrative opportunities for neural network market growth.
The global neural network market is segmented based on component, end-use industry, and region. Based on component, it is categorized into software and services. The end-use industry segment includes banking, financial services & insurance (BFSI); public sector; energy & utilities; retail; IT & telecom; manufacturing; aerospace & defense; healthcare; and others. According to the region the market includes North America, Europe, Asia-Pacific, and LAMEA.
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The key players that operate in the neural network market are Neural Technologies Limited, SwiftKey, Starmind International AG, Afiniti, Ward Systems Group, Inc., GMDH LLC., NeuroDimension, Inc., NeuralWare, Alyuda Research, LLC., and OLSOFT LLC.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an overview of the trends, structure, drivers, challenges, and opportunities in the global neural network market.
Porter’s Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the neural network market to determine the investment pockets of the market.
Current and future trends adopted by the key market players are highlighted to determine the overall competitiveness of the market.
The quantitative analysis of the neural network market growth from 2017 to 2023 is provided to elaborate the market potential.
According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.
Request discount link:
https://reportocean.com/industry-verticals/sample-request?report_id=31065
This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).
Key Market Segments
By Component
Software
Services
By End-Use Industry
Aerospace & Defense
Banking, Financial Services, and Insurance (BFSI)
Public Sector
Retail
Healthcare
IT & Telecom
Energy & Utilities
Manufacturing
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
During the forecast period, the report analyzes the growth rate, market size, and market valuation.
The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
Inquire or Share Your Questions If Any Before the Purchasing This Report -
https://reportocean.com/industry-verticals/sample-request?report_id=31065
Following are the questions answered by the Market report:
What are the goals of the report?
This market report shows the projected market size for the unified communication market at the end of the forecast period. The report also examines the historical and current market sizes.
On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.
The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
The research report includes various factors contributing to the market's growth.
The report analyzes the growth rate, market size, and market valuation for the forecast period.
This report covers aspects of the regional analysis market.
The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
This report analyzes current and future market trends by region, providing information on product usage and consumption.
Reports on the market include the growth rate of every region, based on their countries over the forecast period.
Get 20% Off On Various License Types When Buy Now At:
https://reportocean.com/industry-verticals/sample-request?report_id=31065
What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter's Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
Access full Report Description, TOC, Table of Figure, Chart, etc. @
https://reportocean.com/industry-verticals/sample-request?report_id=31065
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel: +1 888 212 3539 (US - TOLL FREE)
Website: https://www.reportocean.com/
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
Get a Request Sample PDF of the Report -
https://reportocean.com/industry-verticals/sample-request?report_id=31065
The global neural network market was valued at $7,039 million in 2016, and is projected to reach $38,719 million by 2023, growing at a CAGR of 28.0% from 2017 to 2023.
The growth of the neural network market is driven by growth in demand for cloud-based solutions, demand for spatial data & analytical tools, and increase in market for prediction solutions. In addition, growth in IT expenditure in emerging nations and technological advancements for workflow optimization fuel the demand for advanced analytical systems driving the neural network market. However, lack of trained professionals is expected to impede the market growth. Furthermore, increased application areas for deep neural networks is expected to create lucrative opportunities for neural network market growth.
The global neural network market is segmented based on component, end-use industry, and region. Based on component, it is categorized into software and services. The end-use industry segment includes banking, financial services & insurance (BFSI); public sector; energy & utilities; retail; IT & telecom; manufacturing; aerospace & defense; healthcare; and others. According to the region the market includes North America, Europe, Asia-Pacific, and LAMEA.
Request a free sample copy in PDF or view the report summary@
https://reportocean.com/industry-verticals/sample-request?report_id=31065
The key players that operate in the neural network market are Neural Technologies Limited, SwiftKey, Starmind International AG, Afiniti, Ward Systems Group, Inc., GMDH LLC., NeuroDimension, Inc., NeuralWare, Alyuda Research, LLC., and OLSOFT LLC.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an overview of the trends, structure, drivers, challenges, and opportunities in the global neural network market.
Porter’s Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the neural network market to determine the investment pockets of the market.
Current and future trends adopted by the key market players are highlighted to determine the overall competitiveness of the market.
The quantitative analysis of the neural network market growth from 2017 to 2023 is provided to elaborate the market potential.
According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.
Request discount link:
https://reportocean.com/industry-verticals/sample-request?report_id=31065
This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).
Key Market Segments
By Component
Software
Services
By End-Use Industry
Aerospace & Defense
Banking, Financial Services, and Insurance (BFSI)
Public Sector
Retail
Healthcare
IT & Telecom
Energy & Utilities
Manufacturing
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
During the forecast period, the report analyzes the growth rate, market size, and market valuation.
The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
Inquire or Share Your Questions If Any Before the Purchasing This Report -
https://reportocean.com/industry-verticals/sample-request?report_id=31065
Following are the questions answered by the Market report:
What are the goals of the report?
This market report shows the projected market size for the unified communication market at the end of the forecast period. The report also examines the historical and current market sizes.
On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.
The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
The research report includes various factors contributing to the market's growth.
The report analyzes the growth rate, market size, and market valuation for the forecast period.
This report covers aspects of the regional analysis market.
The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
This report analyzes current and future market trends by region, providing information on product usage and consumption.
Reports on the market include the growth rate of every region, based on their countries over the forecast period.
Get 20% Off On Various License Types When Buy Now At:
https://reportocean.com/industry-verticals/sample-request?report_id=31065
What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter's Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
Access full Report Description, TOC, Table of Figure, Chart, etc. @
https://reportocean.com/industry-verticals/sample-request?report_id=31065
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel: +1 888 212 3539 (US - TOLL FREE)
Website: https://www.reportocean.com/
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
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