PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1658948
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1658948
Neural Network Software Market Introduction and Overview
According to SPER market research, 'Global Neural Network Software Market Size- By Component, By Type, By industry - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Neural Network Software Market is predicted to reach 556.67 billion by 2034 with a CAGR of 33.76%.
Neural network software is a Software that mimics the form and operation of biological neural networks. In order to address difficult problems like pattern recognition, data classification, prediction, and decision-making, it makes it possible to create, train, and implement artificial neural networks (ANNs). Because neural network software offers frameworks and algorithms that replicate the connections and interactions of neurons, it is essential to machine learning and artificial intelligence (AI).
Restraints: Software for neural networks has a number of challenges. Especially for deep networks, high computing demands might place a burden on available resources. Large model training is time-consuming and energy-intensive, frequently requiring specialist hardware such as GPUs or TPUs. Another issue is over fitting, which occurs when a model does well on training data but poorly on unseen data. Because neural networks need big, varied datasets, data availability and quality also affect performance.
Scope of the Report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Component, By Type, By Industry.
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.
Companies Covered
Afiniti, Alyuda, Alyuda Research, LLC, GMDH, Google LLC, IBM Corporation, Intel Corporation, Lumivero, MicroEmbesys Technologies Pvt Ltd, Microsoft, Neural Technologies Limited, Neuralware, NVIDIA Corporation.
Neural Network Software Market Segmentation:
By Component: Based on the Component, Global Neural Network Software Market is segmented as; Artificial neural network, Deep neural network, Services, Platforms.
By Type: Based on the Type, Global Neural Network Software Market is segmented as; Data mining and archiving, Analytical software, Optimization software, Visualization software.
By Industry: Based on the Industry, Global Neural Network Software Market is segmented as; BFSI, IT & telecom, Healthcare, Industrial manufacturing, Media.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.