Neural Network Software Market– Challenges, Key Vendors, Drivers, Trends

Posted by Sakshi Mishra on February 25th, 2021

Market Scenario

Market Research Future (MRFR), in the new report on the global neural network software market 2020 states governing factors of the market. The expansion of the neural network software market is likely at 19% CAGR in the forecast period 2017-2023. MRFR analysis reveals that the global neural network software market worth can rise above USD 18 Bn by 2023. The pandemic is noted to cast solid impact on the market and these consequences are studied vividly in the given report. The rise in investment of top notch companies in neural network and the development of AI Software that support neural network is expected to bolster the expansion of the neural network software market in the years ahead. The rise in the need to meet the demand of consumers can also improve the market rise. The growing need for deep learning of neural network platform and associated innovations can promote the expansion of the neural network software market across the study period. The increase in the utility of cameras and smart toys, along with self-driving vehicles can increase the end-users base, which, in turn, can impel the neural network software market.

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Segment Study 

The segment evaluation of the neural network software global market is done by type, end user, and component.

The type based, the neural network software market segments are optimization software, data mining and archiving, visualization software, analytical software, and others.

The component based, the neural network software market segments are services, artificial neural networks, deep neural networks, and platform among other. The artificial neural networks segment can earn substantial revenue for the global market in the study period

The end users based, the neural network software market segments are healthcare, transportation, telecom and IT, BFSI, and others. The telecom and IT sector cab support the rise of the market in the coming years.

Key Players

Qualcomm Technologies Inc. (U.S.)., Neuralware (U.S.), Google Inc. (U.S.), Afiniti (U.S.), Intel Corporation (U.S.), Oracle Corporation (U.S.), Starmind International AG (Switzerland), Slagkryssaren AB (Sweden), Neural Technologies Ltd. (U.K), SAP SE (Germany), Microsoft Corporation (U.S.), GMDH LLC (U.S.), Alyuda Research LLC (U.S.), IBM Corporation (U.S.), and Ward Systems Group Inc. (U.S.)

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About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

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Sakshi Mishra

About the Author

Sakshi Mishra
Joined: September 30th, 2020
Articles Posted: 512

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