Special Offering :
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
The global Neural Networks Software Market Size is expected to attain a market size of $29.2 billion by 2022, growing at a CAGR of 32.3% during the forecast period.
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 neural network software market is witnessing rapid growth due to increasing need for data archiving tools in order to organize the data generated from varied end user sectors. The rapid developments in infrastructure and higher adoption of digital technologies are the two major drivers that have contributed to the growth of the neural network software market.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, Neural Networks Software Market Size is segmented into BFSI, Government & Defense, Government & Defense, Government & Defense, Industrial Manufacturing, Media, Retail & Ecommerce, Telecom & IT, Transportation & Logistics, and Others.Based on region, Neural Networks Software Market Size is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. North America remained the dominant region in the global Neural Networks Software market in 2015. Asia-Pacific would witness promising CAGR during the forecast period (2016-2022).
The Neural Networks Software Market analysis 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.