What is Deep Learning SystemMarket?
Deep learning System is one of the machine learning algorithms which use numerous layers of nonlinear processing units essentially for data mining and conversion. Deep learning systems primarily develop a domain insight and transfer the required data to the end-users in an operational way. Some of the application of deep learning is in banking, healthcare, retail, and automotive industry. Emerging economies are expected to mark significant growth in deep learning system owing to rising demand for big data analytics, cloud storage, growing research and development for advanced technologies and growing IT industry.
Deep Learning System Market Report Coverage
Report Coverage | Details |
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Study Timeframe | 2018 to 2028 |
Base Year | 2022 |
Forecast Period 2022 to 2028 CAGR | 40.8% |
Growth Drivers | - Decreasing Hardware Cost
- Growing Cloud-Based Technology
- Increasing Practice of Deep Learning in Big Data Analytics
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Challenges & Pitfalls | |
Opportunities
Growing Demand for Semi-Structured Data and Increasing Spending on Travel, Tourism, Healthcare, and Hospitality Industry
Restraints
- Compound Algorithms used in Deep Learning Increases Complexity in Hardware
The Players Covered in the Study are:
NVIDIA (United States), Intel (United States), Xilinx (United States), Micron Technology (United States), Qualcomm (United States), IBM (United States), Google (United States), Microsoft (United States), AWS (United States), Graphcore (United Kingdom), Mythic (United States), Adapteva (United States) and Koniku (United States)
Available Customization:
A list of players that can be included in the study on an immediate basis are Samsung Electronics (South Korea).
Market Development Activities
In May 2023, Amazon, an e-commerce company, acquires OpenAI, a non-profit AI research company. The acquisition gave Amazon access to OpenAI's cutting-edge AI research and help the company develop new AI products and services.
In June 2023, Meta announced the launch of a new deep learning system called LaMDA, which can generate personalized conversations with users. This technology could be used to create more human-like conversational interfaces for chatbots and other AI applications.