Wednesday, 4 December 2019

Global Neural Network Software Market

Competitive Analysis
Global neural network software market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of neural network software market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players
Few of the major competitors currently working in the global neural network software market are Google, IBM Corporation, Microsoft, Intel Corporation, Oracle, SAP SE, Qualcomm Technologies, Inc., Alyuda Research, LLC., Neural Technologies Limited, Ward Systems Group, Inc., Afiniti, GMDH, LLC., Starmind, NeuralWare, Slagkryssaren AB, AND Corporation, Slashdot Media, XENON Systems Pty Ltd, Xilinx Inc and others.
Market Analysis: Global Neural Network Software Market
Global neural network software market is set to witness a healthy CAGR of 35.70% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market can be attributed due to rising availability of spatial data and analytical tools and increasing demand for predicting solutions.
Market Definition: Global Neural Network Software Market
Neural network software is used to simulate study, create, and apply artificial neural networks, biological neural network-adapted software ideas, and in some instances a broader range of adaptive systems such as artificial intelligence and machine learning. Neural networks are an interesting type of artificial intelligence that imitates the brain’s learning process to extract patterns to work with from historical information technology.
Market Drivers:
  • Increasing demand for predicting solutions are driving this market
  • Increasing deployment of LTE wireless broadband is one of the primary factors for market growth
  • The growth in Internet of Things and the increased deployment of long-term evolution globally
  • Exponential increase in the volume of data, increasing digitization, stringent regulations, and financial losses due to the rise in fraudulent practices is helping to grow the market
Global Neural Network Software Market By Component (Neural Network Software, Services, Platform and Other Enabling Services), Type (Data Mining and Archiving, Analytical Software, Optimization Software, Visualization Software), Vertical (BFSI, Government and Defense, Energy and Utilities, Healthcare, Industrial Manufacturing, Media, Telecom and IT, Transportation and Logistics, Retail and eCommerce, Others), Geography(North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Restraints:
  • Lack of trained people to handle software to pose as restrain to market growth
  • Slow digitization rate across emerging economies hinders the market growth
Key Insights in the report:
  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved
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