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The Asia Pacific Neural Network Software Market Size is anticipated to experience a market growth of 34.7% CAGR during the forecast period (2016 - 2022).
Neural network software is used in stimulating, researching, developing, and applying artificial neural networks to a wide array of adaptive systems such as artificial intelligence and machine learning. Neural network simulators are software applications used in stimulating the behavior of artificial or biological neural networks, with a focus on one or a limited number of specific types of neural networks. The most common type of neural network software historically was use in researching neural network structures and algorithms.
The modern type of development environments majorly favors the component-based systems. Neural network is constructed by connecting adaptive filter components in a pipe filter flow, which allows greater flexibility, as custom networks and custom components can be built which can be used by the network. Major challenges of the component-based development environments are that they are more complex than simulators and require more learning to fully operate and are more complicated to develop..Based on type, the market is segmented into Analytical Software, Optimization Software, Data Mining & Archiving, and Visualization Software.
Optimization is further divided into Genetic Algorithm and Simulated Annealing. Based on Vertical, market is segmented into BFSI, Government & Defense, Government & Defense, Government & Defense, Industrial Manufacturing, Media, Retail & Ecommerce, Telecom & IT, Transportation & Logistics, and Others.Based on country, Asia-Pacific Neural Networks Software market is segmented into China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific.
China remained the dominant region in the Asia-Pacific Neural Networks Software market in 2015. India and Japan would witness promising CAGR during the forecast period (2016-2022).The report covers the analysis of key stake holders of the Neural Networks Software market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, HP Enterprise Company, Google Inc., Oracle Corporation, SAP SE, Qualcomm Incorporated and Intel Corporation.