$1.77 Billion Deep Learning Market 2016 - Global Forecasts to 2022: Google is Among the Market Leaders - Research and Markets

DUBLIN, Dec 22, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Deep Learning Market by Application (Image Recognition, Signal Recognition, Data Mining), Offering (Hardware (Von Neumann and Neuromorphic Chip), and Software), End-User Industry, and Geography - Global Forecasts to 2022" report to their offering.

This market is expected to be worth USD 1,772.9 Million by 2022, growing at a CAGR of 65.3% between 2016 and 2022.

The major driver for the growth is the growing usage of deep learning technology across various industrial vertical such as advertisement, finance, automotive, medical and among other. Other important drivers for this market is the robust R&D for the development of better processing hardware for deep learning.

Of all the major end-user industries, the medical industry has highest growth opportunity. The deep learning technology is highly useful for drug discovery, processing medical images for diagnosis of chronic diseases such as cancer, and virtual patient assistance. This is fuelling the growth of this market for the medical industry.

Of the applications, the image recognition application holds the largest share of the deep learning market as image recognition technology is extensively used for in different industries for pattern recognition, optical character recognition, code recognition, facial recognition, object recognition, and digital image processing.

The software market holds the largest share of the deep learning market owing to the high demand for deep learning solutions across various applications such as autonomous car, data analytics, cybersecurity, and fraud detection, among others.Google Inc. (U.S.) is among the leaders in the deep learning market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Deep Learning Market, by Application

8 Deep Learning Market, by Offering

9 Deep Learning Market, by End-User Industry

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

• Baidu Inc. (China)
• General Vision Inc. (U.S.)
• Google Inc. (U.S.)
• Hewlett Packard Enterprise (U.S.)
• IBM Corp. (U.S.)
• Intel Corporation (U.S.)
• Microsoft Corporation (U.S.)
• NVIDIA Corporation (U.S.)
• Qualcomm Technologies Inc. (U.S.)
• Sensory Inc. (U.S.)
• Skymind (U.S.)

For more information about this report visit http://www.researchandmarkets.com/research/qtdrhc/deep_learning

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