World Neural Network Software Market to Post 33.2% CAGR to 2021, Expects M&M in Its Study Published at MarketPublishers.com31 Jan 2017 • by Natalie Aster
LONDON – The world neural network software sector is likely to expand at a 33.2% CAGR, from a value of USD 7.17 billion as of 2016 to be estimated at USD 22.55 billion by 2021-end. The market is gathering steam due to surging digitisation trend and the excess amount of unorganised and spatial data. The need to cluster this data and obtain shrewd insights with the assistance of analytical tools has boosted the demand for neural network software, which lends a helping hand in efficient and smooth task completion.
Based on type, the rate of analytical software deployment is high primarily owing to the rising amount of data across diverse end use sectors and the necessity to manage it.
The Middle East and Africa is likely to record the highest CAGR, owing to smart technology incentives. Furthermore, the MEA countries have seen the expanding adoption of artificial neural network (ANN) solutions and the increased traction of their neural network software markets.
Oracle Corporation, Google Inc., Microsoft Corporation, IBM Corporation, Intel Corporation, SAP SE, and Qualcomm Technologies Inc. are amid the dominant players in the market players.
Comprehensive research report “Neural Network Software Market by Type, Vertical, and Region - Global Forecast to 2021” elaborated by M&M offers a comprehensive assessment of the marketplace. It provides detailed market size estimates plus forecast figures; provides granular segmentation of the market by neural network component, by type, vertical, and based on region. The report canvasses the forces driving and restraining the growth, as well as limelights the opportunities and challenges with respect to the market. The research study examines the trends in the industry, covering the development of neural network software, an analysis of the value chain, and the ecosystem of ANN. The report gives an overview of the competitive landscape, examining key vendors, growth strategies during 2014–2016, competitive scenario and trends, key application areas catered by the major innovators, etc. The study includes profiles of the top 7 players and a discussion of the 10 leading innovators.
More insightful research reports by M&M can be found at its page.