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Artificial Neural Network Market Growth & Trend Report 2023

Authors:
  • SNS Insider

Abstract

“As per the SNS Insider Research, the Artificial Neural Network Market size was valued at US216.48Mnin2022,andisProjectedtoreachUS 216.48 Mn in 2022, and is Projected to reach US 1.02 Bn by 2030, with growing healthy CAGR of 21.4% over the Forecast Period 2023-2030.”
Artificial Neural Network Market Growth & Trend Report 2023
Artificial Neural Network Market Scope & Outlook 2023:
The Artificial Neural Network Market is expected to grow at an exponential rate in the
coming years. Artificial Neural Networks are a subset of Artificial Intelligence (AI) and
are designed to mimic the functionality of the human brain. They are being increasingly
adopted in various industries such as healthcare, finance, and automotive for applications
such as fraud detection, speech recognition, and autonomous driving. The growing
demand for AI-based solutions and the increasing adoption of machine learning
technologies are some of the major drivers of the Artificial Neural Network Market. In
addition, advancements in big data analytics and the availability of high-performance
computing systems are further fueling the growth of this market. Moreover, the rising
need for intelligent business processes and the growing use of deep learning techniques
are expected to drive the demand for artificial neural networks in the future.
The Artificial Neural Network Market is expected to witness significant growth in the Asia
Pacific region. This growth can be attributed to the increasing adoption of AI-based
technologies and the growing demand for machine learning solutions in countries such
as China, Japan, and India. In addition, the increasing investments in research and
development activities related to AI and machine learning are further fueling the growth
of this market in the region. Furthermore, the availability of low-cost labor and favorable
government initiatives are attracting major players in the Artificial Neural Network
Market to set up their operations in the region. The Asia Pacific region is also witnessing
a significant shift towards digitalization and automation, which is expected to further
boost the demand for artificial neural networks in the coming years.
As per the SNS Insider Research, the Artificial Neural Network Market size was
valued at US$ 216.48 Mn in 2022, and is Projected to reach US$ 1.02 Bn by 2030,
with growing healthy CAGR of 21.4% over the Forecast Period 2023-2030.
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Artificial Neural Network Market Size
2023-2030 (US$ in Mn)
Artificial Neural Network Market Growth & Trend Report 2023
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Major Key Company profiles analysis are covered in this report:
Google
IBM
Oracle
Microsoft
Intel
Qualcomm
Alyuda
Ward Systems
GMDH, LLC
Starmind
A thorough analysis, as well as a summary of the market segment, size, and share,
sectional analysis, and revenue projections, are all included in the Artificial Neural
Network market research report. It takes into account market variables, business trends,
market dynamics, and the advantages and disadvantages of the leading rivals. As well as
study findings and conclusions, an appendix, and data sources, there is extra information
on distribution channels, merchants, and dealers. In-depth information is provided in the
market study including product launch occasions, growth catalysts, difficulties, and
investment prospects.
The report thoroughly analyses market competition, constraints, revenue projections,
opportunities, shifting trends, and industry-validated data. Before digging further into
the upstream, the examination begins with an overview of the industrial chain structure.
The Artificial Neural Network market research report acts as a great source of direction
and advice for businesses and individuals interested in the market and offers essential
information on the current state of the industry. By supplying in-depth information on
potential competitors or established businesses in the area, the study can help with better
understanding the market and becoming ready for business expansion.
Market Segmentation Analysis
This report also looks at the market's fastest-growing categories as well as the several
elements that fuel growth there. The global Artificial Neural Network market is
segmented by applications, revenue, and market share by type in the market research
report. This report thoroughly examines the manufacturing cost structure, the
manufacturing process, and the market growth factor for the sector.
Major Segments and Sub-Segment of Artificial Neural Network Market are Listed
Below:
By Component:
o Hardware
Artificial Neural Network Market Growth & Trend Report 2023
o Solution
o Services
By Deployment Mode:
o Cloud
o On-premises
By Application:
o Corporate Communications
o Training and Development
o Marketing and Client Engagement
By Enterprise:
o Large Enterprises
o Small and Medium Enterprises
By End-User:
o BFSI
o Retail
o E-Commerce
o IT & Telecom
o Manufacturing
o Healthcare
o Logistics
o Others
In this study, the years considered to estimate the market size of Artificial Neural
Network are as follows:
• History Year: 2019-2021
• Base Year: 2022
• Estimated Year: 2023
• Forecast Year: 2023 to 2030
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Artificial Neural Network Market Growth & Trend Report 2023
Competitive Scenario
The research examines the Artificial Neural Network market competitiveness of the
leading businesses as well as their histories, prices on the market, and channel
characteristics. A thorough market analysis considers a range of elements, such as the
demographics and business cycles of a nation as well as market-specific microeconomic
implications. According to the report, there has been a paradigm shift in the market with
regard to regional competitive advantage and the competitive environment for
significant firms. Players have employed a variety of strategies to deepen their market
penetration and solidify their positions, including product line development, mergers and
acquisitions, partnerships, regional expansion, and collocation.
Artificial Neural Network Market Segmentation Share by Region - Pie Chart 2023-2030 (in US$ Mn)
Key Questions Answered in the Artificial Neural Network Market Report
What are the COVID-19 pandemic's main global commercial repercussions?
What are the market's current movers and shakers? What impact will upcoming
incentives and restrictions have?
What is the rate of growth of the worldwide market? What will the growth trend be
in the future?
What are the most popular trends right now, and where can you find them? What are
the main revenue sources for market expansion in each region?
Table of Contents Major Key Points
1. Introduction
2. Research Methodology
Artificial Neural Network Market Size
2023-2030 (US$ in Mn)
Americas Europe APAC MEA
Artificial Neural Network Market Growth & Trend Report 2023
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 Forces Model
7. PEST Analysis
8. Artificial Neural Network Market, by Component
9. Artificial Neural Network Market, By Deployment Mode
10. Artificial Neural Network Market, By Application
11. Artificial Neural Network Market, By Enterprise
12. Artificial Neural Network Market, By End User
13. Regional Analysis
14. Company Profiles
15. Competitive Landscape
16. Conclusion
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