Artificial Neural Network Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Artificial Neural Network Market size to grow from USD 117 million in 2019 to USD 296 million by 2027, at a Compound Annual Growth Rate (CAGR) of 20% during the forecast period 2021-2027.

An artificial neuron network is a computational model that resembles the function and structure of the neuronal system of the human brain. 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.

 

Market Segments

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

Key Players

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.

Scope of the Report

The research study analyzes the global Artificial Neural Network industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Artificial Neural Network Market Report

1. What was the Artificial Neural Network Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Artificial Neural Network Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Artificial Neural Network Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.