Neural Network Software Market Growth, Size, Share, Industry Report and Forecast 2019-2025

By | June 30, 2020

Neural network software market is expected to grow at a moderate rate during the forecast period 2019-2025. Neural network software is a network system which mimics the operations of the human brain through codes and systematic instructions. The system is based on computer technology being used for simulation of brain circuitry which provides an artificial neural network. The system enables to prepare analytical and predictive models in which results are derived from historical data. The global neural network software market is being propelled by various factors which include the availability of improvised analytical and prediction tools, growing demand for business analysis by cloud-based technologies, and ample data for analysis and improvements. However, factors such as lack of skilled workforce and the high cost of R&D for neural network software are some of the major challenges of the global neural network software market. Further, technology integration in business in emerging economies of the globe is estimated to offer ample opportunities for the market players.
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Additionally, increasing demand of business analysis and intelligence from various sectors such as BFSI, telecommunication, healthcare, logistics, transportation, and others is one of the significant factors contributing towards considerable growth of the global neural network software market. Due to increasing business complexities and technological integration in various end-use industries, the need for automatic operations is growing, therefore, augmenting the market value for the global neural network software market.
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The global neural network software market is segmented on the basis of type and end-user. On the basis of type, the global neural network software market is further diversified into data mining software, visualization software, optimization software, and analytical software. Due to growing activities of mining data by various businesses, data mining software segment is estimated to exhibit considerable rate during the forecast period. Further, the market on the basis of end-user is segmented into telecom and IT, BFSI, government and defense, and others. Among these, telecom & IT segment is estimated to hold the major market share in the global neural network software market. in addition, BFSI is estimated to grow with a significant rate during the forecast period. In the geographic overview, the global neural network software market is analyzed into North America, Europe, Asia-Pacific and Rest of the World. North America is estimated to hold a significant share in the market due to the presence of major market players in the US and Canada. Additionally, established IT industry in the region is contributing to its dominance.
Global Neural Network Software Market Segmentation
By Type
• Data Mining Software
• Visualization Software
• Optimization Software
• Analytical Software
By End-User
• Telecom & IT
• BFSI
• Government & Defense
• Others (Healthcare, Retail & eCommerce)
Regional Analysis
• North America
• United States
• Canada
• Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
• Rest of the World
Company Profiles
• Alyuda Research, LLC
• Artificial Intelligence Techniques Ltd.
• Atomwise Inc.
• DeepMind Technologies Ltd.
• GMDH, LLC
• Google, LLC
• IBM Corp.
• Intel Corp.
• Microsoft Corp.
• Neural Technologies Ltd.
• Neurala, Inc.
• Neuralware
• nDimensional, Inc.
• NVIDIA Corp.
• Oracle Corp.
• Qualcomm Technologies, Inc.
• SAP SE
• Slagkryssaren AB
• Starmind International AG
• Ward Systems Group, Inc.
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