Neural Network Software Market - Increased Demand for Predictive Solutions Driving Growth

According to Transparency Market Research, the global neural network software market will exhibit a 22.9% CAGR and reach US$26,021.1 mn by 2025. In terms of technology, much growth can be seen within the data mining and archiving segment. On the basis of geography, North America is leading in the market on account of high acceptance of technology. Between 2017 and 2025, North America is expected to expand at a 22% CAGR.
In terms of end-user, the BFSI and Healthcare segments are emerging as most promising on account of the increasing need for improved services to customers as well as the need to understand the mindset of consumers.
The growing adoption of neural network software solutions is changing the way business is done. Its demand is basically driven by the growing need for predictive solutions, rising adoption of big data analytics, and advancements in technology. From several end-user Industries such as energy and utilities, media, Healthcare, and BFSI, there is a growing demand for predictive Solutions on account of exponential increase in the volume of data, and increasing digitization.
With an increasing number of cases of financial losses due to fraud practices, there has been several regulations implemented with regards to this and are creating a favorable environment for the growth of the neural networks of fair market.
The successful adoption of Wireless connectivity Technologies such as 3G and 4G in emerging nations is one of the key factors pushing the roll out of 5G by taking much efforts. With neural network software, the difficulty of storing data, collecting the data as well as the high cost issue due to the use of big data analytics, has been resolved.
The company profiling of key players profiled in the global neural network software market includes company overview, major business strategies adopted, SWOT analysis and market revenues for year 2014 to 2016. The key players profiled in the global neural network software market includes Microsoft Corporation, SAP SE, Oracle Corporation, IBM Corporation, Google Inc., Intel Corporation, QUALCOMM Incorporated, Afiniti, Alyuda Research, LLC. and Neural Technologies Limited.



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