Artificial Neural Network Market Growth, Top Players, and Forecast by 2031

MARKET INTRODUCTION

Artificial Neural Network (ANN) is a dynamic subdivision of machine learning that assists computer scientists in their work on complex tasks, such as making predictions, strategizing, and recognizing trends. An artificial neural network is different from other machine learning algorithms that crunch numbers or organize data; the artificial neural network is an algorithm that learns from previous experience and repetitive tasks performed by its users. An artificial neural network is a model based on the structure and functions of biological neural networks.

MARKET DYNAMICS

Rise in demand for analytical tools and spatial data, growth in demand for cloud-based solutions, and an increase in the market for prediction solutions are the prime factors driving the growth of the artificial neural network market. However, the lack of trained professionals is the primary factor restraining the growth of the artificial neural network market. The increase in application areas for deep neural networks is expected to boost the growth of the artificial neural network market.

MARKET SCOPE

The "Global Artificial Neural Network Market Analysis to 2031" is a specialized and in-depth study of the Artificial neural network market with a special focus on the global market trend analysis. The report aims to provide an overview of Artificial neural network market with detailed market segmentation by component, end-user. The global Artificial neural network market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Artificial neural network market players and offers key trends and opportunities in the Artificial neural network market.

MARKET SEGMENTATION

The global Artificial neural network market is segmented on the basis of component, end-user. On the basis of component, the market is segmented as software, services. On the basis of end-user, the market is segmented as aerospace and defense, BFSI, public sector, retail, healthcare, IT and telecom, energy and utilities, manufacturing, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Artificial neural network market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Artificial neural network market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Artificial neural network market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Artificial neural network market in these regions.

MARKET PLAYERS

The reports cover key developments in the Artificial neural network market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Artificial neural network market are anticipated to lucrative growth opportunities in the future with the rising demand for Artificial neural network market. Below mentioned is the list of few companies engaged in the Artificial neural network market.

The report also includes the profiles of key Artificial neural network market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

• Afiniti
• Alyuda Research, LLC.
• GMDH LLC.
• Neural Technologies Limited
• NeuralWare
• NeuroDimension, Inc.
• OLSOFT LLC.
• Starmind International AG
• SwiftKey
• Ward Systems Group, Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

 

Artificial Neural Network Report Scope