Demand for cloud solutions to spur neural network market growth

Demand for cloud solutions to spur neural network market growth

Market news |
By Rich Pell

The report looks at the neural network market as encompassing a wide range of practices, tools, solutions, and techniques interrelated closely to a system of hardware and software. According to the report, “the functionalities are that of a human brain, used in conjunction with various deep learning technologies to solve pattern recognition or signal processing problems.”

Neural networks are widely used in a variety of applications including weather forecasting, handwriting recognition, oil exploration data analysis, facial recognition, speech-to-text transcription, and others. Contributing to the neural network market growth, the report says, is a growing demand for cloud-based solutions, a need for spatial data and analytical tools, and a growing need for prediction solutions.

The report segments the market into software and services. Software is further broken down into the following categories: Analytical software, optimization software, visualization software, and data mining and archiving.

The North America neural network market is categorized into the following vertical segments: Banking, financial services and insurance (BFSI), public sector, business function, healthcare, manufacturing, retail, telecom and IT, aerospace and defense, and others. The region is segmented into the following markets: US, Mexico, Canada, and Rest of North America.

Key companies profiled in the report include Neural Technologies Limited, Microsoft Corporation (Swiftkey), Starmind International AG, Afiniti (TRG Holdings, LLC.), Ward Systems Group Inc., GMDH LLC., Neurodimension Inc., NeuralWare, Alyuda Research Llc., and Olsoft Llc. For more, see “North America Neural Network Market (2017-2023).”

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Convolutional neural networks: What’s next?
Microsoft Project Brainwave tackles cloud-based real-time AI
Deep-learning AI evolves beyond Internet, cloud
Intel FPGAs run deep learning in Microsoft Azure cloud

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