According to report “Neural Network Software Market by Type (Data Mining and Archiving, Analytical Software, Optimization Software, and Visualization Software), Vertical, and Region – Global Forecast to 2021″, the global neural network software market to expand from USD 7.17 Billion in 2016 to USD 22.55 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 33.2%. The neural network software market is growing rapidly owing to the increasing need for data archiving tools in order to organize the data generated from varied end use sectors.
Browse 72 market data tables and 47 figures spread through 148 pages and in-depth TOC on “Neural Network Software Market“
Early buyers will receive 10% customization on this report.
Analytical tool is expected to dominate the neural network software market in terms of software type
The research study for global neural network software market encompasses the analysis of the market on the basis of software types, which is further segmented into data mining and archiving, analytical software, visualization software, and optimization software. The deployment of analytical software is mainly driven by the increasing demand for data predictive solutions across various end-use sectors especially in Banking, Financial Services, and Insurance (BFSI), healthcare, energy & utilities, and media.
Request For Sample @ http://www.marketsandmarkets.com/requestsample.asp?id=45118197
BFSI sector is expected to hold the largest market share
The neural network software end users are segmented into BFSI, government & defense, energy & utilities, media, healthcare, industrial manufacturing, retail & eCommerce, transportation & logistics, telecom & IT, and others. The BFSI sector holds the large scale application areas for neural network technology, which include stock market analysis, foreign exchange perdition, and other such activities, thereby holding the largest market share among other end-use verticals studied for the market analysis.
North America is expected to be the most lucrative market in 2016
The research study encompasses regional market analysis for North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America along with some of the major countries in the specific regions. North America is expected to hold the largest share of the neural network software market in 2016, followed by Europe.
The rapid developments in infrastructure and higher adoption of digital technologies are the two major drivers that increase the demand for the neural network software market. Furthermore, the U.S is the most technologically advanced region with the presence of different business verticals such as BFSI, healthcare, retail & eCommerce, energy & utilities, and many others.
The prominent players in the artificial neural network ecosystem are Google Inc. (California, U.S.), IBM Corporation (New York, U.S.), Microsoft Corporation (Washington DC, U.S.), Intel Corporation (California, U.S.), Oracle Corporation (California, U.S.), SAP SE (Waldorf, Germany), and Qualcomm Technologies Inc. (California, U.S.). The key innovators concentrating mainly on neural network software include Alyuda Research LLC (California, U.S.), Neural Technologies Ltd. (England, U.K.), Ward Systems Group Inc. (Maryland U.S.), Afiniti (Washington DC, U.S.), GMDH LLC (New York, U.S.), Starmind International AG (Küsnacht, Switzerland), Neuralware (Pennsylvania, U.S.), Slagkryssaren AB (Stockholm, Sweden), AND Corporation (Ontario, Canada), and Swiftkey (London, U.K.).
Speak to Analyst – http://www.marketsandmarkets.com/speaktoanalyst.asp?id=45118197
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Company Name: MarketsandMarkets
Contact Person: Rohan
Address:UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar