Global Neural Network Market to Amount to USD 45.8 Bn by 2023, Expects KBV Research in Its New Study Published at MarketPublishers.com
14 Sep 2017 • by Natalie Aster
LONDON – Today, neural networks find wide application in various fields, for instance, facial recognition, weather forecasting, handwriting recognition, speech-to-text transcription, oil-exploration data analysis, amid others. Neural network consists of different solutions, tools, practices and techniques interrelated closely to one system of hardware and software.
By 2023, the world’s market for neural networks is predicted to reach USD 45.8 billion, registering exponential growth at a colossal CAGR of more than 30% from 2017 till 2023. The marketplace is set to gain traction at swift rates owing to such factors as rising expenditures on IT in developing countries and rising demand for technological advancements to optimize workflow.
Afiniti (TRG Holdings, LLC.), Ward Systems Group, GMDH LLC., Neurodimension, Microsoft Corporation, NeuralWare, Neural Technologies Limited and Starmind International AG, are amid the distinguished stakeholders in the marketplace.
New research publication issued by KBV Research, “Global Neural Network Market (2017 - 2023)”, offers a profound analysis of the global neural network market. It includes an in-depth review of the current market scenario, touches upon the historical background as well as looks at the possible future development opportunities and challenges, and provides detailed future forecasts for the market up till 2023.
The report examines the market segmentation on the basis of types, verticals and geography; covers the market dynamics, focusing on its growth drivers and hinders; observes the market competitive landscape and comprises profiles of the most distinguished market players with vital details on their strategies, finances, research and development initiatives, etc.
Many other in-demand research reports provided by KBV Research are available at this page at MarketPublishers.com.