Stratview Research has published a new report titled “Deep Learning Market”. As per the study, the market is projected to grow from USD 6.9 billion in 2020 to USD 48.4 billion by 2026 at a CAGR of over 39.1% during the forecast period.

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The market is bifurcated into various segments. Below given is the segment-wise analysis -

Based on Application, the Deep Learning market has been classified into Image recognition, Signal recognition, Data mining, others. Under these, the Image recognition segment held a significant market share in 2020. This is due to an increase in the demand for pattern recognition, optical character recognition, code recognition, facial recognition, object recognition, and digital image processing.

Which Region is expected to remain the largest market?

By region, the North America market held the highest market share in 2020 and is projected to grow at a fastest CAGR in the coming years. The presence of major RD investors such as IBM Corporation, Amazon.com, and Oracle Corporation expands the regional market size.

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