Artificial Neural Network Market is projected to rise at a considerable CAGR during the forecast period from 2021 to 2027. The technology is a set of instructions programmed in order to achieve human brain alike operations through machines. The advent of artificial intelligence and the growing adoption of artificial neural networks in the medical field are major drivers for the global artificial neural market. Factors such as rising health care spending, an increasing number of hospitalizations, and the increasing prevalence of chronic diseases are contributing to the growth of the market. Additionally, artificial neural networks offer significant advantages in medical research which is expected to propel the market growth during the forecast period. Additionally, with the growing adoption of artificial neuron networks, many companies are developing software based on artificial neuron networks. For example, Microsoft’s MAQ software implements artificial neural networks (ANNs) to learn from historical data and predict future values.
However, the lack of technical expertise and the absence of proper standards may hamper the growth of the Artificial neural networks market. The technology is in the nascent phase and due to lack of proper standards for operations, organizations are reluctant to adopt the technology, which as a result acting as a barrier in the market. Despite the challenges, the market is estimated to create a number of opportunities due to shifting work from hardware to software-based operations, and growing ICT industry in emerging economies such as India, and China. Neural Technologies Limited, SwiftKey, Starmind International AG, Afiniti, Ward Systems Group, Inc., SAP SE, NeuroDimension, Inc., Alyuda Research, LLC, Google Inc., Neuralware, Qualcomm Technologies, Inc., Intel Corporation, Microsoft Corporation, IBM Corporation, and Oracle Corporation are some of the key players in the global artificial neural network market.
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A full report of Global Artificial Neural Network Market is available at: https://www.orionmarketreports.com/artificial-neural-network-market/58697/
The following Segmentation are covered in this report:
By Application
- Image Recognition
- Signal Recognition
- Data Mining
- Others (Recommender System and Drug Discovery)
By Deployment Mode
- On-premises
- Cloud
By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Retail and eCommerce
- Telecommunication and Information Technology (IT)
- Healthcare and Life Sciences
- Manufacturing
- Government and Defense
- Transportation and Logistics
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Artificial Neural Network Market.
- The market share of the global Artificial Neural Network Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Artificial Neural Network Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Artificial Neural Network Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
