Global Deep Learning Market to Strengthen Its Roots Across the Finance End Use Industry
in the Coming Decade
A new report has recently been published by Persistence Market Research to present a
comprehensive analysis of the global deep learning market. Titled ‘Deep Learning Market: Global
Industry Analysis (2012 – 2016) & Forecast (2017 – 2027),’ this report is an in-depth study of the
concept of deep learning and the performance of the global market for deep learning across key end
use industry sectors across seven key geographies. The report carefully analyzes the different
factors responsible for impacting market revenue growth over a 10 year assessment period from
2017 to 2027 and presents insights on the market growth and performance to investors and other
key market stakeholders.
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Global Deep Learning Market: Revenue Forecast & Market Dynamics Analysis
According to Persistence Market Research forecasts, the global deep learning market is estimated to
be valued at US$ 4,841.2 Mn by the end of 2017 and this is projected to increase to a whopping
US$ 261,113.0 Mn by the end of the forecast period in 2027. This denotes an exponential
compound annual growth rate of 49.0% recorded during the period of forecast. This growth can be
attributed to a need for better processing hardware, increase in research and development activities
in some markets around the globe, and rapid adoption of cloud based technologies across the globe.
However, deep learning requires high performance hardware that is not easily available. Cost is
another limiting factor. Also, several enterprises prefer the traditional route over hyperparameter
optimization. These factors are expected to restrict revenue growth of the deep learning market in
the coming decade. Utilization of deep learning technology in smartphones and medical image
analysis for diagnosis of chronic diseases such as cancer; and in virtual patient assistance is trending
the global deep learning market.
Global Deep Learning Market: Forecast Analysis by End Use Industry
The global deep learning market is segmented on the basis of end use industry into Manufacturing,
Healthcare, Media & Entertainment, Security, Finance, and Others. Finance is the largest segment,
expected to hold more than 40% value share of the global deep learning market by 2027. Finance is
also expected to be the fastest growing end use industry segment, with a CAGR of 60.1% during the
forecast period. In terms of value, the Finance segment is projected to be the most attractive in the
global deep learning market during the period of study.
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Global Deep Learning Market: Forecast Analysis by Region
Seven regional markets are assessed in this report on the global deep learning market. These key
geographies are North America, Latin America, Western Europe, Eastern Europe, Asia Pacific
Excluding Japan, Japan, and the Middle East and Africa. North America is the leading regional
market for deep learning, expected to hold 42.4% share of the global market by 2027 end. APEJ is
the second largest regional market, with an estimated value share of just under 26% by the end of
the forecast period in 2027. In terms of value, North America is projected to be the most attractive
region in the global deep learning market during the period of study.
Global Deep Learning Market: Key Player Insights