Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11542.9 Million | USD 80769.6 Million | 38.3% | 2021 |
FrequentlyAsked Questions
Improving computational power, decreasing hardware cost, and increasing adoption of cloud-based technology leads to the growth of the global deep learning market. On the other side, total spending in healthcare, travel, tourism, and hospitality industries is expected to offer further expansion of the market during the forecast period.
According to the Market Research report, the global deep learning market was worth around USD 11542.9 million by 2021 and is estimated to grow to about USD 80769.6 million with a compound annual growth rate (CAGR) of approximately 38.3% over the forecast period.
North America’s Deep-Learning Market held the largest market share in revenue, but in the past, we have seen a shift to other regions due to increased demand for deep learning as it is now being used across the sector for conveniences. Further, the APAC market is expected to show the highest growth.
These are some of the main competitors dominating the global deep learning market - Amazon Web Services (AWS), Google Inc., IBM, Intel, Micron Technology, Microsoft Corporation, Nvidia, Qualcomm, Samsung Electronics, Sensory Inc., Pathmind, Inc. and Xilinx.
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