GLOBAL OPPORTUNITY AND FORECAST NEURAL NETWORK MARKET Neural Network Market Component (Software and Services) and End-use Industry ((BFSI), Public Sector, Energy & Utilities, Retail, IT & Telecom, Manufacturing, Aerospace & Defense, Healthcare, and Others) - Global Opportunity Analysis and Industry Forecast,

NEURAL NETWORK MARKET ANALYST REVIEW Increased application areas for deep neural networks, rise in IT expenditures, and surge in demand for cloud-based solutions drive the market growth. In addition, recent innovations and growth in adoption of advanced analytical systems have further fueled the neural network market growth. Pankaj Lanjudkar Lead Analyst, ICT at AMR

CURRENT AND FUTURE MARKET SCENARIO The global neural network market was valued at $7,039 million in The global neural network market is projected to reach at $38,719 million by The global neural network market growing at a CAGR of 28.0% from 2017 to The software segment is estimated to provide significant growth opportunities to the key players operating in the global market. The banking, financial services, and insurance (BFSI) represents the most attractive market segment that is expected to create lucrative opportunities for industry players.

TOP IMPACTING FACTORS TO MARKET GROWTH Availability of Improved Analytical Tools and Predication Solutions. Traditionally, excessive time was consumed for communicating business information and making decisions with the help of homegrown applications. Growth in Demand for Cloud-based Solutions. The cloud computing model is widely adopted due to its powerful and flexible infrastructural option. Several end users adopt the cloud-based deployment mode to simplify the storage of data, as it provides remote server access on the internet, which provides access to unlimited computing power. Impact of Developing Economies. Developing countries hold a significant potential for the neural network market due to a low adoption base and developing IT infrastructure. Lack of Skilled Workforce At present, the impact of this factor on the market is high, which limits the end users to invest into advanced solutions and services.

NEURAL NETWORK MARKET SEGMENTATION BY COMPONENT Software Services Request PDF Sample BY END-USE INDUSTRY Aerospace & Defense Banking, Financial Services, and Insurance (BFSI) Public Sector Retail Healthcare IT & Telecom Energy & Utilities Manufacturing Others

DOMINATING SEGMENTS BFSI SEGMENTSOFTWARE SEGMENT The BFSI segment dominated the global neural network market in 2016, and the aerospace & defense segment is expected to grow at the highest CAGR during the forecast period from 2017 to The software segment is estimated to provide significant growth opportunities to the key players operating in the global market.

GEOGRAPHICAL OVERVIEW Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The neural network market in North America is expected to be dominant, in terms of market size. However, Asia-Pacific is estimated to witness significant growth rate, during the forecast period. North America was the highest revenue contributor in 2016, accounting for around 36% share in the neural network market. However, Asia-Pacific is projected to grow at the highest CAGR of 31.0% during the forecast period.

DOMINATING MARKET PLAYERS PROFILED IN THE STUDY Neural Technologies Limited SwiftKey Starmind International AG Afiniti Ward Systems Group Inc. GMDH LLC. NeuroDimension, Inc. NeuralWare Alyuda Research, LLC. OLSOFT LLC.

A Report Titled “Neural Network Market- Opportunities And Forecast, 2017– 2023” has been recently published by Allied Market Research. It makes an In-depth Analysis of current trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from Stakeholder’s Perspective. To Know More About Neural Network Market- Opportunities and Forecast Get PDF Sample Copy Follow Allied Market Research

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