Artificial Neural Network Market - Overview

The necessity for pioneering computing systems that can accurately provide outputs required of them are on the rise currently. Market reports associated with the healthcare sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is anticipated to achieve record revenues while expanding at an inspiring CAGR in the forecast period. This research study explores the Global Market in detail such as industry chain structures, raw material suppliers, SWOT analysis, trends, drivers & Artificial Neural Network Market Segmentation.

The global Artificial Neural Network Market size to grow from to USD 296 million by 2024, at a Compound Annual Growth Rate (CAGR) of 20.5% during the forecast period 2020-2027.

 

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The advances witnessed in the field of artificial intelligence is motivating the expansion of the market considerably in the forecast period. The rising costs associated with the healthcare sector are driving the market's growth. The rise in the number of hospital visits undertaken by individuals coupled with a rise in the detection of chronic diseases is expected to power the growth of the market over the forecast period.
Artificial Neural Network Market Segmental Analysis
The artificial neural network market globally has been segmented into component, type, and application. By type, the market has been segmented into feedforward artificial neural network, feedback artificial neural network, and others. The market segmentation by component has been segmented into services, software, and platform. By application, the market has been segmented into image analysis and interpretation, clinical diagnosis and prognostics, drug development, bioelectric signal analysis and interpretation, and others.

Artificial Neural Network Market Detailed Regional Analysis
 
As per the regional analysis of the artificial neural network market, the Americas region is expected to control the artificial neural network market globally due to a well-developed healthcare sector, the existence of a large number of enterprises in the growth of neural network technologies, and high adoption progressive technology in the healthcare sector. The European region is anticipated to control the next major position in the market. The market development in this region is accredited to the growing healthcare expenditure coupled with the rising prevalence of chronic diseases and rising approval of artificial intelligence among healthcare providers.
The Asia Pacific region is anticipated to display the most rapid growth through the forecast period due to the enhanced economic development of nations in the region and the rising need to control the growing healthcare costs. These factors are also credited for the developing trend towards the digitization of patient records among healthcare organizations in this region. The MEA region has the least share of the global artificial neural network market. However, this region is anticipated to have a possible growth opening for the artificial neural network market during the forecast period.

Artificial Neural Network Market Competitive Analysis
 
The important success factors in the market are easily attained in the market leading to an elevated pace of progress in the forecast period. The inventions noted in the products and services of the markets will alter the progression of the market noticeably. The market appeal and competitors' tendencies are prominently improved by the strategies that are being exploited by market players. 
 
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Competitive Landscape

The major key players of the Artificial Neural Network market are mentioned below:-

  • Neural Technologies Limited
  • IBM Corporation
  • Neuro Dimension, Inc.
  • Alyuda Research
  • Microsoft Corporation
  • SAP SE
  • Swift Key
  • Starmind International AG
  • Afiniti
  • Ward Systems Group, Inc.
  • LLC, Google Inc.
  • Neuralware
  • Qualcomm Technologies, Inc.
  • Intel Corporation
  • Oracle Corporation

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