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Global Neural Network Software Market (2021-2027) by Component, Type, Vertical, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

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  • 178 Pages
  • September 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5451256
The Global Neural Network Software Market is estimated to be USD 25.5 Bn in 2021 and is expected to reach USD 99.63 Bn by 2027, growing at a CAGR of 25.5%.

Market Dynamics

Major factors that drive the market growth of the Global Neural Network Software Market are increasing adoption of IoT and connected devices, preference towards cost-efficient managed services, and easy availability of various analytical tools and spatial data coupled with increasing industrial automation across the sectors. Also, the trend towards predictive and prescriptive analytics passing over descriptive analytics is driving the growth of the neural network software market. Furthermore, rising adoption of wireless connectivity technologies including 3G and 4G technology in developing economies such as India, China, etc. and great efforts made by developed countries for rolling out 5G in the coming years are also the major factors that help in boosting the growth of the target market over the forecast period.

However, the lack of skilled professionals and expertise for deploying the neural network software coupled with the absence of compliance and government issues are some of the factors that may create hindrances in the growth of the market.

Market Segmentation

The Global Neural Network Software Market is segmented further based on Component, Type, Vertical, and Geography.

By Component, the market is classified into Neural Network Software, Services and Platform & Other Enabling Services. Amongst these, the Neural Network Software segment is estimated to hold the highest market share.

By Type, the market is classified into Data Mining & Archiving, Analytical Software, Optimization Software and Visualization Software. The Optimization Software is further segmented into Genetic Algorithm and Simulated Annealing. Amongst all, the Analytical Software segment is expected to hold the highest market share.

By Vertical, the market is classified into BFSI, Government & Defence, Healthcare, Energy & Utilities, Industrial Manufacturing, Media, Retail & Commerce, Transportation & Logistics, Telecom & IT and Others. Amongst all, the BFSI segment is expected to hold the highest market share.

By Geography, North America followed by the Asia Pacific is projected to dominate the market.

Recent Developments

1. NVIDIA Corporation releases updates to CUDA-X AI Libraries. The new NVIDIA CUDA Deep Neural Network library (cuDNN) is a GPU-accelerated library of primitives for deep neural networks. – 10th February 2021
2. IBM will give training on Neural Networks on a Smartphone soon. The training on neural networks requires entire server farms and huge amounts of energy. So, a new approach from IBM suggests that they may be able to slash that dramatically by reducing the number of bits used to carry out their calculations. – 28th December 2020
3. Intel Corporation launches (Intel Math Kernel Library for Deep Neural Networks (Intel MKL-DNN) - an open-source, performance-enhancing library that has been abstracted to a great extent to allow developers to utilize DL frameworks featuring optimized performance on Intel hardware. – 29th January 2020

Company Profiles

Some of the companies covered in this report are Google Inc., IBM Corporation, Microsoft Corporation, Intel Corporation, Oracle Corporation, SAP SE, Qualcomm Technologies Inc., Alyuda Research LLC, Neural Technologies Ltd., General Vision, Inc., Ward Systems Group Inc., GMDH LLC, Starmind International AG, Slagkryssaren AB, Swiftkey, HP Enterprise Company, Neurala, Inc., NVIDIA Corp., krtkl Inc. and AIBrain Inc. (Korea Electronic Corporation).

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Neural Network Software Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.

  • The report also contains the competitive analysis using the Positioning Quadrants, the publisher’s Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Neural Network Software Market

What is the estimated value of the Global Neural Network Software Market?

The Global Neural Network Software Market was estimated to be valued at $25.5 Billion in 2021.

What is the growth rate of the Global Neural Network Software Market?

The growth rate of the Global Neural Network Software Market is 25.5%, with an estimated value of $99.63 Billion by 2027.

What is the forecasted size of the Global Neural Network Software Market?

The Global Neural Network Software Market is estimated to be worth $99.63 Billion by 2027.

Who are the key companies in the Global Neural Network Software Market?

Key companies in the Global Neural Network Software Market include Google Inc., IBM Corporation, Microsoft Corporation, Intel Corporation, Oracle Corporation, SAP SE, Qualcomm Technologies Inc., Alyuda Research LLC and General Vision, Inc..

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers Increasing Use of Spatial Data and Analytical Tools in Various Sectors Increasing Demand for Predicting Solutions Rapid Developments in Infrastructure and Higher Adoption of Digital Technologies Increasing Use of Internet of Things (IoT)
4.2.2 Restraints Slow Digitization Rate across Emerging Economies Lack of Technical Expertise
4.2.3 Opportunities Growing Innovation across End-User Verticals Increasing Use of DNN in IoT
4.2.4 Challenges Difficulty in Training Multilayer Neural Networks
4.3 Trends
5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Neural Network Software Market, By Component
6.1 Introduction
6.2 Neural Network Software
6.3 Services
6.4 Platform & Other Enabling Services
7 Global Neural Network Software Market, By Type
7.1 Introduction
7.2 Data Mining & Archiving
7.3 Analytical Software
7.4 Optimization Software
7.4.1 Genetic Algorithm
7.4.2 Simulated Annealing
7.5 Visualization Software
8 Global Neural Network Software Market, By Vertical
8.1 Introduction
8.2 BFSI
8.3 Government & Defence
8.4 Healthcare
8.5 Energy & Utilities
8.6 Industrial Manufacturing
8.7 Media
8.8 Retail & Commerce
8.9 Transportation & Logistics
8.10 Telecom & IT
8.11 Others
9 Global Neural Network Software Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 South America
9.3.1 Brazil
9.3.2 Argentina
9.4 Europe
9.4.1 UK
9.4.2 France
9.4.3 Germany
9.4.4 Italy
9.4.5 Spain
9.4.6 Rest of Europe
9.5 Asia-Pacific
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4 Indonesia
9.5.5 Malaysia
9.5.6 South Korea
9.5.7 Australia
9.5.8 Russia
9.5.9 Rest of APAC
9.6 Rest of the World
9.6.1 Qatar
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 United Arab Emirates
9.6.5 Latin America
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Competitive Scenario
10.3.1 Mergers & Acquisitions
10.3.2 Agreement, Collaborations, & Partnerships
10.3.3 New Product Launches & Enhancements
10.3.4 Investments & Funding
11 Company Profiles
11.1 Google Inc.
11.2 IBM Corporation
11.3 Microsoft Corporation
11.4 Intel Corporation
11.5 Oracle Corporation
11.6 SAP SE
11.7 Qualcomm Technologies Inc.
11.8 Alyuda Research LLC
11.9 Neural Technologies Ltd.
11.10 General Vision, Inc.
11.11 Ward Systems Group Inc.
11.12 GMDH LLC
11.13 Starmind International AG
11.14 Slagkryssaren AB
11.15 Swiftkey
11.16 HP Enterprise Company
11.17 Neurala, Inc
11.18 NVIDIA Corp.
11.19 krtkl Inc.
11.20 AIBrain Inc. (Korea Electronic Corporation)
12 Appendix
12.1 Questionnaire

Companies Mentioned

  • Google Inc.
  • IBM Corporation
  • Microsoft Corporation
  • Intel Corporation
  • Oracle Corporation
  • SAP SE
  • Qualcomm Technologies Inc.
  • Alyuda Research LLC
  • Neural Technologies Ltd.
  • General Vision, Inc.
  • Ward Systems Group Inc.
  • Starmind International AG
  • Slagkryssaren AB
  • Swiftkey
  • HP Enterprise Company
  • Neurala, Inc
  • NVIDIA Corp.
  • krtkl Inc.
  • AIBrain Inc. (Korea Electronic Corporation)