Neural Network Software - Global Market Trajectory & Analytics

Global Neural Network Software Market to Reach $106.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Neural Network Software estimated at US$16.4 Billion in the year 2020, is projected to reach a revised size of US$106.7 Billion by 2027, growing at a CAGR of 30.6% over the analysis period 2020-2027. Analytical Software, one of the segments analyzed in the report, is projected to record a 33% CAGR and reach US$57.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Data Mining & Archiving segment is readjusted to a revised 30.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.9 Billion, While China is Forecast to Grow at 29.6% CAGR

The Neural Network Software market in the U.S. is estimated at US$4.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$18 Billion by the year 2027 trailing a CAGR of 29.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.8% and 26% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.2% CAGR.

Optimization Software Segment to Record 24% CAGR

In the global Optimization Software segment, USA, Canada, Japan, China and Europe will drive the 23.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$7.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$12.6 Billion by the year 2027.

Select Competitors (Total 42 Featured):

• Alyuda Research, LLC
• GMDH LLC
• Google LLC
• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• Neural Technologies Limited
• NeuralWare
• Oracle Corporation
• Qualcomm Technologies, Inc.
• SAP SE
• Slagkryssaren Ab
• Starmind International AG
• Ward Systems Group, Inc.