North America Deep Learning Market- Overview
The North America deep learning market is expected to grow at a CAGR of 35.66% from 2017 to 2025. The growth of the market is driven by the increasing adoption of deep learning in various industries, such as healthcare, manufacturing, retail, and finance. Deep learning is a type of machine learning that uses artificial neural networks to learn from data. It can learn complex patterns and relationships in data, which makes it ideal for a variety of applications.
Some of the key players in the North America deep learning market include:
- Amazon Web Services (AWS)
- Cisco Systems
The North America deep learning market is segmented by component, application, and end-user.
- By component: The market is segmented into software, hardware, and services. The software segment is expected to dominate the market during the forecast period. This is due to the increasing demand for deep learning platforms and tools.
- By application: The market is segmented into healthcare, manufacturing, retail, finance, automotive, and others. The healthcare segment is expected to dominate the market during the forecast period. This is due to the increasing use of deep learning in applications such as medical image analysis, drug discovery, and personalized medicine.
- By end-user: The market is segmented into BFSI, healthcare, IT & telecom, manufacturing, retail, and others. The BFSI segment is expected to dominate the market during the forecast period. This is due to the increasing use of deep learning in applications such as fraud detection, risk management, and customer service.
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Industry Latest News
- In January 2023, Google announced that it would be opening a new deep learning research center in Toronto, Canada. The center will focus on developing new deep learning algorithms and applications for a variety of industries.
- In February 2023, Microsoft announced that it would be acquiring Nuance Communications, a leading provider of speech recognition and artificial intelligence technology. The acquisition will help Microsoft to expand its deep learning capabilities and create new applications for its Azure cloud platform.
- In March 2023, IBM announced that it would be launching a new deep learning platform called Watson AI. The platform will make it easier for businesses to develop and deploy deep learning applications.
The North America deep-learning market is expected to grow significantly in the coming years. The growth of the market is driven by the increasing adoption of deep learning in various industries, the development of new deep learning algorithms and applications, and the availability of cloud-based deep learning platforms.
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