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Deep Learning Market will positively impact by adoption of technology across several industries

Author : Ronak Bora | Published Date : 2019-05-15 

A comprehensive research study on deep learning market introduced by Global Market Insights, Inc. provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

Deep Learning Market will gain momentum over the next six years with the increasing adoption of the technology across several industries including IT & telecom, retail, and hospitality to improve customer-centric services. The database of the customers is available to various platforms, which are used by the companies to extract valuable information about the customer. This information is used by the companies to study the purchasing habits, power, and pattern of the customers so that the company can offer personalized services to the customers such as special gifts for loyal customers, discounts for elite customers, and others.

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The U.S. deep learning market will grow significantly due to the adoption of the technology in the defense sector. The country ranks the highest in the defense expenditure across the world, making it a prominent player in the deep learning industry with analytics being widely used in the defense to optimize the resources. The growing adoption of big data analytics, high economic growth, and penetration of smart devices will help the growth of the U.S. deep learning industry. 

Top Key Players in Deep Learning Market:

1. Micro Devices
2. Baidu, Inc. 
3. Arm Ltd. 
4. Enlitic 
5. Google 
6. HP 
7. IBM 
8. NVIDIA
9. Intel Corporation 
10. General Vision 
11. Clairifai 
12. Microsoft Corporation 
13. NVIDIA Corporation
14. Qualcomm
15. Sensory 

One of the factors restraining the deep learning market growth is the access to the personal data of companies. Companies collect a large amount of personal data from systems and use that data for analysis purposes and the data can be misused by the companies. Customers blindly trust companies while providing the data, making it a large concern for the deep learning industry. Furthermore, these data repositories are highly vulnerable to hacking and data breaches, hampering the deep learning industry growth.

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The deep learning market caters to requirements from several applications of engineering and science such as image classifications, learning methods in language processing, and voice recognition. The valuable information extracted from the big data by using the technology is used in various industry verticals such as national intelligence, fraud detection, cybersecurity, and medical informatics, amongst others. Additionally, the technology is used in big data analytics for decision making and prediction purposes. Siri by Apple is a prime example of usage of the technology in the voice recognition system. 

Deep Learning Market size is anticipated to grow due to the increasing adoption of the cloud-based technology. Customers are using cloud computing for the technology, which permits large datasets to be easily managed and ingested to train algorithms. Adoption of the cloud allows the companies to enable efficient scaling of the technology at low costs and processing power. This technology on the cloud allows customers to design and develop learning applications faster. Several advantages of cloud services, such as speed, scalability, and flexibility, will drive the deep learning industry.

Players in the deep learning market include Advanced Micro Devices, Inc., Baidu, Inc., Arm Ltd., Enlitic, Google, Inc., Hewlett-Packard, IBM Corporation, NVIDIA Corporation, Intel Corporation, General Vision, Inc., Clairifai, Inc., Microsoft Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc., Sensory, Inc., and Skymind. In January 2017, Microsoft announced the acquisition of Maluuba, an AI startup. It helped Microsoft to democratize AI and to make it accessible to everyone. Microsoft being a big brand in the technology field makes it easy for the customers to adopt the technologies provided by it.

Browse Full Reports: www.gminsights.com/industry-analysis/deep-learning-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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