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The Asia Pacific Neural Network Market is expected to register a CAGR of 33.1% during the forecast period (2017 - 2023). Neural networks are widely used in weather forecasting, handwriting recognition, oil-exploration data analysis, facial recognition, speech-to-text transcription, and others. With traditional solutions, excess time was consumed in communicating business information and making decisions.
Therefore, the need for better and superior solutions always prevailed to remain profitable and serve clients better. Predictive solutions are now a part of strategic platforms, providing a solid foundation and information backbone for businesses. Neural Network Market encompasses a wide range of practices, tools, solutions, and techniques interrelated closely to a system of hardware and software.
The functionalities are that of a human brain, used in conjunction with various deep learning technologies to solve pattern recognition or signal processing problems. The process, with the help of neural net and deep learning, is used to deliver improved analytical output, and at the same time optimizing profits for different business processes. Based on Types, the market report segments the market into Software and Services. Software is further categorised in Analytical Software, Optimization Software, Visualization Software, and Data Mining & Archiving.
Based on Verticals, the Asia Pacific Neural Network Market is segmented into BFSI, Public Sector, Business Function, Healthcare, Manufacturing, Retail, Telecom & IT, Aerospace & Defence, and Others. Based on Countries, the market report segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The report covers the analysis of key stake holders of the Neural Network Market. Key companies profiled in the report include Neural Technologies Limited, Microsoft Corporation (Swiftkey), Starmind International AG, Afiniti (TRG Holdings, LLC.), Ward Systems Group, Inc., GMDH LLC., Neurodimension, Inc., NeuralWare, Alyuda Research, Llc., and Olsoft Llc.