Global Neural Network Software Market Analysis by Software Type (Data Mining, Analytical Software, & Visualization), by Components (Software & Services), by End-Users (BFSI Sector, IT and ITEs, Helathcare Sector), and by Geography - Industry Outlook, Demand and Opportunity - Forecast 2016-2024

Global Neural Network Software Market 

Market Overview

Most organizations in across various industries around the world aim to increase their profits and reduce costs against competitive and rapidly varying market environments. Accuracy of sales forecasting is indisputably a successful way to reach the above-mentioned goals. Moreover, recent technological advancements have been made in the field of artificial intelligence (AI), including Voice Recognition, Image Recognition and robotics using artificial neural networks. These new innovations are considered to be the next key advancement in the Computing Industry. Further, he neural network software market is expected to witness rapid growth owing to growing need for data archiving tools in order to shape the data generated from varied end user sectors.

Goldstein Research analyst forecast the global neural network software market to expand at a CAGR of 23.5% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 38.4 billion by the end of forecast period. 

Covered in this Global Neural Network Software Market Report

The report covers the present ground scenario and the future growth prospects of the neural network software market for 2016-2024 along with the total revenue of neural network software industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, regional and country level. The revenue forecast is given on the basis of number of neural network software companies and current growth rate of the market.

Global Neural Network Software Market Segmentation

By Software Type

• Data Mining and Archiving
• Analytical Software
• Optimization Software
• Visualization Software

By Components

• Software
• Services
  • Professional Services
  • Managed Services

By End Users

• BFSI Sector
• IT and ITEs
• Healthcare Sector
• Media and Entertainment
• Manufacturing Sector
• Energy and Utilities
• Retail and ecommerce Industry
• Other (Education, Entertainment etc.)

 By Geography

• North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}
• Rest of the World{Market Share (%), Market Size (USD Billion))}

Based on end users, BFSI sector accounted for the maximum market share in 2016 and will continue to dominate the market during the forecast period. Moreover, neural network software market in IT and ITEs is projected to witness growth at a significant rate during the forecast period.

Neural Network Software Industry - Trends, Key Players, & Challaenges

Global Neural Network Software Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global neural network software market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global neural network software market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global neural network software market report comprises of the following companies as the key players in the global neural network software market:  IBM Corporation, Microsoft Corporation, Google Inc., SAP SE, Oracle Corporation, Intel Corporation, Alyuda Research LLC, Neural Technologies Ltd., Ward Systems Group Inc., Afiniti, GMDH LLC, Starmind International AG, Neuralware, Slagkryssaren AB, Swiftkey and Qualcomm Technologies.

According to the report, major driver in global neural network software market is the rapid adoption of neural network software in different industrial verticals owing to outdated infrastructure administration, improved results in terms of the returns on assets (RoA) and growing importance of the process called as asset tracking. Moreover, emergence of innovative technologies such as artificial intelligence and deep learning are expected to bolster the growth of global neural software market growth.

Further, the report states that one challenge in global neural network software market is that despite numerous benefits, implementing neural network software can be relatively expensive, as it requires huge amount of computing capabilities; consequently, making it a technology that is out of grasp to small businesses.

Geographically, North America accounted for the largest market share of global neural network software market. Asia Pacific is anticipated to be the fastest growing region for neural network software market, at a CAGR of +30% during the forecast period owing to rapid improvements in infrastructure and higher adoption of digital technologies in the region.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this global neural network software market report

• What is the total market size by 2024 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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