Insights into neural network software market and it’s Growth Outlook

MarketsandMarkets forecasts the neural network software market size to grow from USD 7.17 billion in 2016 to USD 22.55 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 33.2%. Major factors contributing to the growth of the neural network software market are increasing amount of spatial data and rising demand for predictive solutions.

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The neural network software market is segmented by software type, end user, and region. The neural network software type market type is primarily dominated by analytical software. However, data mining and archiving is expected to be the fastest growing software type in the coming years. This growth rate is mainly attributed to the growing amount of unorganized and spatial data, and the growing need to classify and cluster this data in order to perform predictive and analytical operations.

The prominent players in the artificial neural network ecosystem are Google Inc. (California, U.S.), IBM Corporation (New York, U.S.), Microsoft Corporation (Washington DC, U.S.), Intel Corporation (California, U.S.), Oracle Corporation (California, U.S.), SAP SE (Waldorf, Germany), and Qualcomm Technologies Inc. (California, U.S.). The key innovators concentrating mainly on neural network software include Alyuda Research LLC (California, U.S.), Neural Technologies Ltd. (England, U.K.), Ward Systems Group Inc. (Maryland U.S.), Afiniti (Washington DC, U.S.), GMDH LLC (New York, U.S.), Starmind International AG (Küsnacht, Switzerland), Neuralware (Pennsylvania, U.S.), Slagkryssaren AB (Stockholm, Sweden), AND Corporation (Ontario, Canada), and Swiftkey (London, U.K.).

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Target Audience:

• Machine learning/Artificial Intelligence (AI) solution and service providers
• Cognitive and AI technology experts/providers
• Business intelligence tools and system experts/providers
• System integrators
• End-users/consumers/enterprise users
• Telecommunication providers
• Mobile network operators
• Internet of Things (IoT) device/wearable device manufacturers
• Managed service providers
• Technology consultants
• Training and education service providers

Scope of the Report:

The research report categorizes the neural network software market to forecast the revenues and analyze the trends in each of the following sub segments:

By Artificial Neural Network Component:

• Neural Network Software
• Services
• Platform and Other Enabling Services

By Neural Network Software Type:

• Data Mining and Archiving
• Analytical Software
• Optimization Software
• Visualization Software

By Vertical:

• BFSI
• Government and Defense
• Energy and Utilities
• Healthcare
• Industrial Manufacturing
• Media
• Telecom and IT
• Transportation and Logistics
• Retail and eCommerce
• Others (Real Estate, Entertainment, Education and Academia and Computing System Providers)

By Region:

• North America
• Europe
• Asia-Pacific (APAC)
• Middle East & Africa (MEA)
• Latin America

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