What is Global Artificial Neural Network Software Market?
The Global Artificial Neural Network Software Market is a rapidly expanding sector that focuses on the development and distribution of software that mimics the human brain's ability to learn and adapt. This software is designed to simulate the neurons in the human brain, allowing it to learn from data inputs and improve its performance over time. The market is driven by the increasing demand for advanced predictive analytics, the growing adoption of cloud-based applications, and the rising need for efficient data management. The software is used in a variety of industries, including healthcare, finance, retail, and more, to analyze complex data sets and make accurate predictions. The market is also influenced by technological advancements and the increasing investment in research and development activities.
On-Premises, Cloud Based in the Global Artificial Neural Network Software Market:
The Global Artificial Neural Network Software Market is divided into two main segments: On-Premises and Cloud-Based. On-Premises software is installed and run on computers on the premises of the person or organization using the software, rather than at a remote facility. This type of software provides users with full control over their data and is often used by large organizations with complex data requirements. On the other hand, Cloud-Based software is hosted on the vendor's servers and accessed through the internet. This type of software is scalable, cost-effective, and allows for easy data access from anywhere. Both these segments have their own advantages and are chosen based on the specific needs of the user.
Large Enterprises, SMEs in the Global Artificial Neural Network Software Market:
The Global Artificial Neural Network Software Market is widely used by both Large Enterprises and SMEs (Small and Medium Enterprises). Large Enterprises use this software to analyze large volumes of data and make informed business decisions. The software helps them to predict market trends, customer behavior, and other important business metrics. SMEs, on the other hand, use this software to gain insights into their business operations and improve their efficiency. The software allows them to analyze their data in real-time and make quick decisions. The use of this software by both Large Enterprises and SMEs is expected to drive the growth of the market in the coming years.
Global Artificial Neural Network Software Market Outlook:
Looking at the market outlook, the Global Artificial Neural Network Software Market was valued at a significant US$ 185 million in 2023. The market is expected to witness a substantial growth, reaching an impressive value of US$ 1254 million by 2030. This indicates a Compound Annual Growth Rate (CAGR) of 30.5% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for this software across various industries and the continuous advancements in technology.
| Report Metric | Details |
| Report Name | Artificial Neural Network Software Market |
| Accounted market size in 2023 | US$ 185 million |
| Forecasted market size in 2030 | US$ 1254 million |
| CAGR | 30.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | GMDH, Artificial Intelligence Techniques, Oracle, IBM, Microsoft, Intel, AWS, NVIDIA, TFLearn, Keras |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
