According to the latest market research study released by Technavio, the global deep learning system market is expected to grow at a CAGR of close to 2% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global deep learning system market based on product type:
Global deep learning system market share by product type 2015
|
Software and Applications |
39.6% |
|
Services |
32.2% |
|
Hardware |
28.2% |
Source: Technavio
Deep learning system market by software and applications
The global deep learning system market by software and applications dominated the market and occupied around 40% of the total market share in 2015. The development activities to implement a set of algorithms that uses ANN to learn at multiple levels in deep learning systems with software and applications will drive the growth of this market segment. These software frameworks are required to implement these algorithms and aid in developing deep learning applications such as automatic speech recognition and image identification. These learning systems facilitate the development of advisory and self-training-enabled solutions. For instance, Enlitic recently developed clinical solutions that provide real-time insights to help doctors for diagnosing patients. These systems aid healthcare professionals to provide better diagnosis services to patients, new apps allow communicating with patients about their health regime, send out health-related notifications to patients, and it can also categorize patients into groups based on age and type of illness.
“The market segment is driven by technological advancements and digitalization of several end-user industries. This shift to digitalization led to the generation of massive data volumes, and software based applications help sort these huge volumes of data. Some of these industries include healthcare, retail, and financial organizations. The extensive use of advanced analytics organizations and industries can derive valuable insights from their database to boost business productivity,” says Amrita Choudhury, a lead analyst at Technavio for research on an enterprise application.
Deep learning system market by services
The global deep learning system market by services occupied more than 32% of the total market share in 2015. The two primary offerings in this market segment include project-oriented and support services. Project-oriented services consist of application development, system integration, business consulting, and IT consulting. These services are designed to help companies in the design and development of systems, integration of technology into the existing business processes to achieve better business efficiency and cost reductions. The increasing investment in deep learning system services is to improve operational efficiency. Support services include software and hardware deployment and support. It also includes educating and training employees in diverse industries to use the newly adopted deep learning systems effectively. Some of the services offered include controlling costs, reducing downtime, improving agility and flexibility, integrating emerging technologies, and accessing high levels of technical expertise to achieve business sustainability.
Deep learning system market by hardware
The global deep learning system market by services occupied over 28% of the total market share in 2015. The integration of deep learning systems and smartphones with advanced technologies like accelerometers, geomagnetic sensors, gyro sensors, barometers, temperature sensors, and humidity sensors will drive the growth in this market segment. These systems require efficient hardware components such as GPUs, motherboards, RAM, CPU, storage, cooling, and power supply to function properly. Moreover, the use of wearable devices will boost the demand for these systems in this market segment during the forecast period.
The top leading vendors operating in the global deep learning system market are:
- Alphabet
- BVLC
- LISA lab
- Microsoft
- Nervana Systems
Other prominent vendors in the market include Affectiva, Clarifai, Deep Genomics, Deep Instinct, Ditto Labs, Enlitic, Gridspace, Indico, MarianaIQ, MetaMind, and Ripjar.
A more detailed analysis is available in the Technavio report titled, ‘Global Deep Learning System Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Higher Education Financial and HRM Market 2016-2020
- Global Corporate Training Market 2016-2020
- Global Corporate E-learning Market 2016-2020
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