ICT & Media

Neural Network Market Component (Software and Services) and End-use Industry ((BFSI), Public Sector, Energy & Utilities, Retail, IT & Telecom, Manufacturing, Aerospace & Defense, Healthcare, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ALL1296612
  • 120 Pages
  • June 2017
  • ICT & Media

Neural network is defined as the system of hardware and software comprising simple and highly interconnected processing elements (neurons). It is also known as artificial neural network (ANN). It is a form of artificial intelligence involving a series of algorithms and is used to understand the relationship between datasets to obtain a desired output. This network implements a process, which is designed to incorporate the functionalities of human brain through a variety of deep learning technologies to solve complex pattern recognition or signal processing problems. Applications of neural network includes weather prediction, handwriting recognition, oil-exploration data analysis, facial recognition, and speech-to-text transcription, and others. The global neural network market was valued at $7,039 million in 2016, and is projected to reach $38,719 million by 2023, growing at a CAGR of 28.0% from 2017 to 2023.

The growth of the neural network market is driven by growth in demand for cloud-based solutions, demand for spatial data & analytical tools, and increase in market for prediction solutions. In addition, growth in IT expenditure in emerging nations and technological advancements for workflow optimization fuel the demand for advanced analytical systems driving the neural network market. However, lack of trained professionals is expected to impede the market growth. Furthermore, increased application areas for deep neural networks is expected to create lucrative opportunities for neural network market growth.

The global neural network market is segmented based on component, end-use industry, and region. Based on component, it is categorized into software and services. The end-use industry segment includes banking, financial services & insurance (BFSI); public sector; energy & utilities; retail; IT & telecom; manufacturing; aerospace & defense; healthcare; and others. According to the region the market includes North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in the neural network market are Neural Technologies Limited, SwiftKey, Starmind International AG, Afiniti, Ward Systems Group, Inc., GMDH LLC., NeuroDimension, Inc., NeuralWare, Alyuda Research, LLC., and OLSOFT LLC.


  • This report provides an overview of the trends, structure, drivers, challenges, and opportunities in the global neural network market.
  • Porter’s Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the neural network market to determine the investment pockets of the market.
  • Current and future trends adopted by the key market players are highlighted to determine the overall competitiveness of the market.
  • The quantitative analysis of the neural network market growth from 2017 to 2023 is provided to elaborate the market potential.

Key Market Segments

By Component

  • Software
  • Services

By End-Use Industry

  • Aerospace & Defense
  • Banking, Financial Services, and Insurance (BFSI)
  • Public Sector
  • Retail
  • Healthcare
  • IT & Telecom
  • Energy & Utilities
  • Manufacturing
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
    • Latin America
    • Middle East
    • Arica

The key players profiled in the report:

  • Neural Technologies Limited
  • SwiftKey
  • Starmind International AG
  • Afiniti
  • Ward Systems Group, Inc.
  • NeuroDimension, Inc.
  • NeuralWare
  • Alyuda Research, LLC.
Please Select Format

Enquiry About Report

Need More Information

Contact us
+ 1-800-910-6452
+91 20 66346066
--- or ---



Telematics Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024

Telematics by the synonym itself defines the integration of telecommunications and information and communications technologies abruptly called as informatics. It can be simply the technology of transmitting, receiving, sending and ...

April 2018| $4995 | Pre Book Price:$4371

Circulating Tumor Cells Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024

Circulating tumor cells (CTCs) are cells which detach from its primary or secondary tumors, enters in to the bloodstream and travel to distant organs. This is the evolving field of ...

April 2018| $4995 | Pre Book Price:$4371

Glycobiology Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024

The term glycobiology, also called as glycans, is the study of structure, function and biology of carbohydrate. They are the most essential components in living things. Merton Bernfield and colleagues ...

April 2018| $4995 | Pre Book Price:$4371

Drug Testing Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024

Drug testing includes different testing methods which are conducted to detect presence of drugs in the human body. These drugs are tested through blood, sweat, saliva, oral fluid and urine. ...

April 2018| $4995 | Pre Book Price:$4371

Tissue Engineering and Regeneration Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015- 2024

Tissue engineering is developed from the field of biomaterials development and refers to the practice of combining cells or tissues with biologically active molecules into functional tissues. They are mainly ...

April 2018| $4995 | Pre Book Price:$4371

Biopsy Devises Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015- 2024

A biopsy is a medical test, mainly used to detect cancer, performed by surgeons, cardiologist or by radiologist. It involves in the extraction of sample cells or tissues for examination ...

April 2018| $4995 | Pre Book Price:$4371

2018 © Copyright Big Market Research

View Pricing >>