About Neural Networks Software
A neural network is a series of algorithms that endeavors to recognize underlying relationships in a set of data through a process that mimics the way the human brain operates. Neural network software is used to simulate, research, develop, and apply artificial neural networks, software concepts adapted from biological neural networks, and in some cases, a wider array of adaptive systems such as artificial intelligence and machine learning.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 22.9% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Neural Networks Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Google Inc. (United States), IBM Corporation (United States), Microsoft Corporation (United States), Intel Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Qualcomm Technologies Inc. (United States), Alyuda Research LLC (United States), Neural Technologies Ltd. (United Kingdom) and Ward Systems Group Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Afiniti (United States), GMDH LLC (United States), Starmind International AG (Switzerland), Neuralware (United States), Slagkryssaren AB (Sweden), Corporation (Canada) and Swiftkey (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Neural Networks Software market by Type (Analytical Software, Optimization Software, Data Mining & Archiving and Visualization Software), Application (BFSI, Government & Defense, Industrial Manufacturing, Media, Retail & Ecommerce, Telecom & IT, Transportation & Logistics and Others) and Region.
On the basis of geography, the market of Neural Networks Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-premises will boost the Neural Networks Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Neural Network Software will boost the Neural Networks Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements is Boosting the Market
Market Growth Drivers:
Increasing Usage of Emerging Technologies to Detect Nonlinear Relationships and Rising Demand of Active Data Mining
Challenges:
Absence Of Government And Compliance Issues
Restraints:
Lack Of High Level Of Expertise Among The ANN Service Providers To Deploy Neural Network Software
Opportunities:
Investments by Public and Private Sectors for Enhancement of Business Solutions and Increasing Demand to Detect Complex Nonlinear Relationships Between Variables and Recognise Patterns in Big Data
Market Leaders and their expansionary development strategies
On January 2020, Google has acquired Appsheet which is the intelligent no-code platform for business apps.
In August 2019, IBM has announced the first release of Python SDK and Node.js SDK for interacting with IBM’s Cloud Security Advisor service findings Application Program Interface (API) to accelerate the customers’ platform integration with the service
Key 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 and Training and education service providers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.