Neural Network Software Global Market Report 2024

Description

“Neural Network Software Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on neural network software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for neural network software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The neural network software market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Data Mining And Archiving; Analytical Software; Optimization Software; Visualization Software; Other Types
2) By Component: Artificial Neural Network; Deep Neural Network; Services; Platform; Other Components
3) By End User: BFSI; Healthcare; Telecom And IT; Transportation; Other End Users
Companies Mentioned: Google LLC; Microsoft Corporation; Intel Corporation; IBM Corporation; Alyuda Research LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Neural network software, a facet of artificial intelligence, enables computers to process data akin to the human brain. It facilitates the design, training, and testing of neural networks for diverse applications, including pattern recognition, prediction, and decision-making.

Key types of neural network software encompass data mining and archiving, analytical tools, optimization platforms, visualization software, and other specialized variants. Data mining involves scrutinizing vast datasets, leveraging neural network software to replicate complex input-output relationships, identify data patterns, or efficiently manage and gather information from company databases. This software includes components such as artificial and deep neural networks, various services, platforms, and other elements catering to end-users across sectors such as BFSI, healthcare, telecom, transportation, and various other industries.

The neural network software market research report is one of a series of new reports from The Business Research Company that provides neural network software market statistics, including global market size, regional shares, competitors with a neural network software market share, detailed neural network software market segments, market trends and opportunities, and any further data you may need to thrive in the neural network software industry. This neural network software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The neural network software market size has grown exponentially in recent years. It will grow from $26.44 billion in 2023 to $33 billion in 2024 at a compound annual growth rate (CAGR) of 24.8%. Historical growth in this context can be attributed to several factors, including the expansion of big data analytics, the proliferation of artificial intelligence (AI) technologies, heightened awareness and education regarding these technologies, advancements in hardware capabilities, the emergence and development of deep learning methodologies, and the increasing adoption of industry-specific applications leveraging these technologies.

The neural network software market size is expected to see exponential growth in the next few years. It will grow to $82.47 billion in 2028 at a compound annual growth rate (CAGR) of 25.7%. Anticipated growth in the upcoming period is linked to the integration of edge computing, the rapid expansion of the Internet of Things (IoT), the adoption of Explainable AI (XAI) techniques, the proliferation of autonomous systems, and a focus on continuous improvement of models.

The growing demand for digitalization is poised to drive the expansion of the neural network software market. Digitalization involves transforming physical documents into digital formats, leading to a substantial increase in data generation across industries. This surge in data availability, coupled with advancements in high-performance computing systems, is fueling the wider adoption of neural network software. For instance, recent reports from the Digital Economy and Society Index (DESI) revealed that 55% of small and medium enterprises (SMEs) exhibited moderate digital proficiency, while 38% utilized electronic platforms for information sharing by December 2022 in Europe. Additionally, the U.S. Bureau of Economic Analysis reported a notable rise in the U.S. digital economy, reaching $3.70 trillion in gross output in 2021, showcasing a clear influence of digitalization on the neural network software market.

The increasing utilization of connected smart devices is anticipated to propel the growth of the neural network software market. These devices, embedded with sensors and network connectivity, gather and exchange data for improved functionality and remote control. Neural network software plays a vital role in enabling advanced machine learning capabilities within these smart devices, empowering them to analyze data patterns and make intelligent decisions. Statistics Canada noted a rise in Internet-connected smart devices, with a 47% adoption rate in 2022 compared to 42% in 2020, particularly highlighting the popularity of smart speakers at 30%. This surge in connected smart devices directly influences the demand for neural network software.

Technological advancements remain a pivotal trend shaping the neural network software market. Companies within this sector are embracing innovative technologies to solidify their market positions. Notably, in March 2023, Open AI introduced GPT-4, a natural language processing model leveraging deep neural network architecture capable of processing image and text inputs to generate human-level text outputs. GPT-4's remarkable performance spans various academic and professional benchmarks while demonstrating problem-solving capabilities across diverse domains such as mathematics, programming, law, and medicine.

Major players in the neural network software market are actively developing groundbreaking technologies, including on-chip neural networks (NetGNT), to offer advanced functionalities such as traffic analysis. Broadcom Inc.'s November 2023 launch of Trident 5-X12 stands as a prime example, introducing the first switch integrated with an on-chip neural network (NetGNT). This innovation enables machine learning capabilities directly on the semiconductor chip, enhancing network efficiency by identifying traffic patterns across the chip. The Trident 5-X12 boasts a bandwidth of 16.0 Terabits/second, double that of its predecessor, and supports 800G ports for direct connection to Tomahawk 5. It's a power-efficient solution for data centers, consuming 25% less power per 400G port while delivering enhanced telemetry capabilities and maintaining compatibility with legacy APIs.

In December 2021, Checkin.com, a Europe-based information technology and services, eCommerce, and online banking company, acquired Datacorp OU for $4.7 million. Through this acquisition, Checkin.com benefited from the inclusion of biometric technology through GetID and expanded its portfolio of solutions for enabling customers to access online services. Datacorp OU is a European software development company specializing in neural network algorithms, computer vision, predictive analytics, and data analysis software.

Major companies operating in the neural network software market report are Google LLC, Microsoft Corporation, Intel Corporation, IBM Corporation, Alyuda Research LLC, Neural Technologies Limited, Starmind International AG, Ward Systems Group Inc., Afiniti Ltd., NVIDIA Corporation, Oracle Corporation, Qualcomm Technologies Inc., GMDH Inc., Amazon.com Inc., Facebook Inc., Cognex Corporation, BrainChip Holdings Ltd., Skymind Inc., Sentient Technologies, Vicarious, General Vision Inc., Darktrace Limited, Ayasdi Inc., Numenta Inc., Preferred Networks Inc., AIBrain AB, Fluid AI Inc., Clarifai Inc., Squirrel AI Inc., Darwin AI

Asia-Pacific was the largest region in the Neural network software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global neural network software market report during the forecast period. The regions covered in the neural network software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the neural network software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The neural network software market includes revenues earned by entities through providing neural network software services, including knowledge discovery in data, medical diagnosis, targeted marketing, and chemical compound identification. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The neural network software market consists of sales of standalone software, cloud-based software, and open-source software. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11956

1. Executive Summary

2. Neural Network Software Market Characteristics

3. Neural Network Software Market Trends And Strategies

4. Neural Network Software Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Neural Network Software Market Size and Growth

5.1. Global Neural Network Software Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Neural Network Software Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Neural Network Software Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Neural Network Software Market Segmentation

6.1. Global Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Data Mining And Archiving
Analytical Software
Optimization Software
Visualization Software
Other Types
6.2. Global Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Artificial Neural Network
Deep Neural Network
Services
Platform
Other Components
6.3. Global Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
BFSI
Healthcare
Telecom And IT
Transportation
Other End Users

7. Neural Network Software Market Regional And Country Analysis

7.1. Global Neural Network Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Neural Network Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Neural Network Software Market

8.1. Asia-Pacific Neural Network Software Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Neural Network Software Market

9.1. China Neural Network Software Market Overview
9.2. China Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Neural Network Software Market

10.1. India Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Neural Network Software Market

11.1. Japan Neural Network Software Market Overview
11.2. Japan Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Neural Network Software Market

12.1. Australia Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Neural Network Software Market

13.1. Indonesia Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Neural Network Software Market

14.1. South Korea Neural Network Software Market Overview
14.2. South Korea Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Neural Network Software Market

15.1. Western Europe Neural Network Software Market Overview
15.2. Western Europe Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Neural Network Software Market

16.1. UK Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Neural Network Software Market

17.1. Germany Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Neural Network Software Market

18.1. France Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Neural Network Software Market

19.1. Italy Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Neural Network Software Market

20.1. Spain Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Neural Network Software Market

21.1. Eastern Europe Neural Network Software Market Overview
21.2. Eastern Europe Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Neural Network Software Market

22.1. Russia Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Neural Network Software Market

23.1. North America Neural Network Software Market Overview
23.2. North America Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Neural Network Software Market

24.1. USA Neural Network Software Market Overview
24.2. USA Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Neural Network Software Market

25.1. Canada Neural Network Software Market Overview
25.2. Canada Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Neural Network Software Market

26.1. South America Neural Network Software Market Overview
26.2. South America Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Neural Network Software Market

27.1. Brazil Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Neural Network Software Market

28.1. Middle East Neural Network Software Market Overview
28.2. Middle East Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Neural Network Software Market

29.1. Africa Neural Network Software Market Overview
29.2. Africa Neural Network Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Neural Network Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Neural Network Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Neural Network Software Market Competitive Landscape And Company Profiles

30.1. Neural Network Software Market Competitive Landscape
30.2. Neural Network Software Market Company Profiles
- 30.2.1. Google LLC
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Microsoft Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Intel Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. IBM Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Alyuda Research LLC
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Neural Network Software Market Competitive Benchmarking

32. Global Neural Network Software Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Neural Network Software Market

34. Neural Network Software Market Future Outlook and Potential Analysis

34.1 Neural Network Software Market In 2028 - Countries Offering Most New Opportunities
34.2 Neural Network Software Market In 2028 - Segments Offering Most New Opportunities
34.3 Neural Network Software Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer