Deep learning Industry Is Estimated To Expand at a CAGR of 23.1% by 2032

The global Deep Learning Market was valued at USD 47.3 Billion in 2022 and it is anticipated to grow up to USD 379.4 Billion by 2032, at a CAGR of 23.1% during the forecast period.

Deep learning is a subset of machine learning in artificial intelligence (AI) that has networks capable of learning unsupervised from data that is unstructured or unlabeled. Also known as deep neural learning or deep neural networks (DNNs), deep learning models are neural networks (algorithms used to simulate the workings of the human brain in order to recognize patterns) that can learn and make predictions on their own by analyzing data, finding patterns, and making decisions.

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Key Players

  • Advanced Micro Devices Inc.
  • Amazon Web Services, Inc.
  • Google LLC
  • IBM Corporation
  • Intel Corporation
  • Microsoft Corporation
  • NVIDIA Corporation
  • Qualcomm Technologies, Inc.
  • Samsung
  • Xilinx

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Global Deep Learning Market Segmentation

By Component

  • Hardware
  • Software
  • Services

By Application

  • Image Recognition
  • Voice Recognition
  • Video Surveillance & Diagnostics
  • Data Mining

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Market Trends and Drivers

Deep learning technology has grown due to recent developments in neural network architecture and training algorithms, Graphics Processing Units (GPU), and the availability of a significant amount of data across sectors. The increasing adoption of robots, IoT, cybersecurity applications, industrial automation, and machine vision technology led to a large volume of data. This data can serve as a training module in deep learning algorithms, which help diagnose and test purposes. The deep learning algorithms learn from past experiences and create a consolidated data environment. The more data there is, the more accurate the results will be, and the data will be managed consistently.

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