Deep learning technology is a part of machine learning which is based on artificial neural networks. The technology is a set of instructions programmed in order to achieve human brain alike operations through machines. Deep learning platforms are being developed based on the technology used for various devices such as IoT, autonomous vehicles, and others. Some of the major instances of deep learning assisted devices include driverless cars, smart consumer devices such as phones, tablets, TVs, and hands-free speakers. The devices based on deep learning technology works on the platforms designed with machine learning. Due to the growing demand for automation, the adoption of deep learning platforms is increasing at a considerable rate in various sectors such as manufacturing, media and entertainment, BFSI, and others.
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Moreover, ease of operations and time-saving process of deep learning platforms are supporting the growth of the global deep learning technology market. Further, the market growth is attributed to a high number of market players, substantial growth in the fin-tech industry, and adoption of deep learning in big data analytics. However, the lack of technical expertise and the absence of proper standards may hamper the growth of the global deep learning technology market. The technology is in the nascent phase and due to lack of proper standards for operations, organizations are reluctant to adopt the technology, which as a result acting as a barrier in the market. Despite the challenges, the market is estimated to create a number of opportunities due to shifting work from hardware to software-based operations, and growing ICT industry in emerging economies such as India, and China.
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Market Segmentation
Global Deep Learning Technology Market by Application
• Data Mining
• Image Recognition
• Signal Recognition
• Others (Drug Discovery)
Global Deep Learning Technology Market by End-User
• BFSI
• Manufacturing
• Healthcare
• Automotive
• Others (Aerospace and Defense, IT & Telecom)
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Amazon Web Services, Inc.
• Cisco Systems, Inc.
• Clarifai, Inc.
• Deep Mind Technologies Ltd.
• Google, LLC
• IBM Corp.
• Intel Corp.
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