The global deep learning system market is anticipated to grow at a significant CAGR 5% during the forecast period (2022-2028). The market’s growth is fueled by the adoption of cloud-based technology and the use of deep learning systems in big data analytics. Deep learning is accomplished through the use of an artificial neural network that mimics the human brain and allows the machine to examine data in a systematic way. Deep learning systems do not require a human programmer to tell them what to do, and the massive amounts of data collected over time serve as fuel for them.
Interactions with virtual assistants allow them to recognize the user’s voice and accent, allowing users to provide a secondary human experience. Deep learning in virtual assistants has aided in the completion of duties, such as answering specific calls and coordinating tasks between users and team members.
Due to the increasing usage of deep learning systems in various industries, the market is expected to grow during the forecast period. For instance, a deep learning system is utilized in healthcare for chatbots, medical imaging solutions, and detecting patterns in patient symptoms. The technology can also be used to detect specific cancers or diseases that are uncommon. It also gives medical practitioners information to assist them to spot health problems earlier, allowing them to provide more personalized and relevant care to patients.
Furthermore, a deep learning system brings a lot of value for retailers in areas such as emotion detection, sentiment analysis, suggestions, and customization to their customers. A deep learning system is being used to make retailers more efficient, and resilient, and to better serve customers by providing support through demand forecasting, better resource allocation, and smarter task automation.
The rising implementation of smart cities is another factor driving the market growth. To create an intelligent infrastructure model, deep learning algorithms are used, and these systems monitor traffic rates, and energy usage while making judgments based on the severity of the situation. Deep learning will also be used to manage massive amounts of data provided by various sensors, thereby alleviating network congestion.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product
- By Application
- By End-Use
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Google LLC, IBM Corporation, Qualcomm Technologies, Inc., Amazon Web Services, Inc., and SAMSUNG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Deep Learning System Market Report by Segment
By Product
- Software
- Hardware
- Services
By Application
- Signal Recognition
- Image Recognition
- Data Mining
- Others
By End-Use
- Manufacturing
- Healthcare
- Agriculture
- Automotive
- Retail
- Others
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