Neural Network Market Overview

The report is titled ‘Neural Network Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the neural network market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The neural network market is expected to grow at a significant rate in the near future.

The global neural network market in 2020 is estimated for more than US$ 22,227.3 Mn and expected to reach a value of US$ 2,26,403.1 Mn by 2028 with a significant CAGR of 33.7%.

Neural Network Market Definition

The neural network is a kind of artificial intelligence, which is inspired by the human brain and mainly designed to some extent as a structure of the human brain. The artificial neural network (ANN) comprises a sequence of algorithms used to apprehend the relativity between datasets and to acquire desired outcomes. The neural network carries out a process that is specifically outlined to assimilate the capabilities of the human brain through a range of deep learning technologies and to fix complicated signal processing or pattern recognition problems.

Owing to this, the neural networks gain traction in a wide range of applications such as handwriting recognition, weather prediction, facial recognition, oil-exploration data analysis, and speech-to-text transcription, and many more. Attributed to this, the global neural network market is projected to grow swiftly in the forthcoming years.

Additionally, the artificial neural network (ANN) is an essential subgroup of the larger group that is machine learning which assists computer scientists in their work on crucial tasks, such as, making predictions, strategizing, and observing and identifying trends, which further adds to its stimulating demand in the market, thus the global neural network market is expected to observe rapid growth during the forecast period.

Neural Network Market Dynamics

The artificial neural network is basically an algorithm that grasps and learns from repetitive tasks and its personal experience performed by its users and not like other machine learning algorithms that just grind organized data or numbers.

Noticeable, the neural network is also known as the Artificial Neural Network (ANN). The basic properties of neural networks such as making predictions and observing trends make it more advantageous and enticing that evokes an upsurge in the demand for neural networks in the global market in present times. Attributing to this, the global neural networks market is expected to elevate higher in the near future.

Along with that, rapid digitalization is likely to be another positive factor that is estimated to fuel the growth of the global neural networks market in the upcoming years. In addition to that, the penetration of artificial intelligence in various industries in the present-day world is also contributing to the growing adoption of neural networks, thereby expected to further boost the growth of the global neural networks market during the forecast period.

Neural Network Market Key Players

Some of the key participating players in the neural network market are

•    Afiniti

•    Alyuda Research, LLC.

•    GMDH LLC.

•    Neural Technologies Limited

•    NeuralWare

•    NeuroDimension, Inc.

•    OLSOFT LLC

•    Starmind International AG

•    SwiftKey

•    Ward Systems Group, Inc.

Neural Network Market Segmentation

The neural network market is segmented on the basis of components, end-use industry, and region.

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

•    Latin America

•    Europe

•    Asia Pacific

•    Middle East

•    Africa

MMC Overview on Neural Network Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the Neural Network market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Neural Network

•    Advantages of Neural Network

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at a regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make an informed decision.

A mix of top-down and bottom-up approach is followed to arrive at and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, its product sales, previous growth rates, and market expansion plans are considered to generate market share in the global market.

1.    Global Neural Network Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Neural Network Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Neural Network Market Snapshot

2.4.    Global Neural Network Market Size and Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Neural Network Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Global Neural Network Market, By Component

3.1.    Introduction

3.1.1.    Annual Growth Rate Comparison, By Component

3.1.2.    BPS Analysis, By Component

3.2.    Market Revenue (US$Mn) Forecast, By Component

3.2.1.    Software

3.2.2.    Services

3.3.    Global Neural Network Market Attractiveness Index, By Component

4.    Global Neural Network Market, By End Use Industry

4.1.    Introduction

4.1.1.    Annual Growth Rate Comparison, By End Use Industry

4.1.2.    BPS Analysis, By End Use Industry

4.2.    Market Revenue (US$Mn) Forecast, By End Use Industry

4.2.1.    Aerospace & Defense

4.2.2.    Banking, Financial Services, and Insurance (BFSI)

4.2.3.    Public Sector

4.2.4.    Retail

4.2.5.    Healthcare

4.2.6.    IT & Telecom

4.2.7.    Energy & Utilities

4.2.8.    Manufacturing

4.2.9.    Others

4.3.    Global Neural Network Market Attractiveness Index, By End Use Industry

5.    Global Neural Network Market, By Region

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Region

5.1.2.    BPS Analysis, By Region

5.2.    Market Revenue (US$Mn) Forecast, By Region

5.2.1.    North America

5.2.2.    Latin America

5.2.3.    Europe

5.2.4.    Asia Pacific

5.2.5.    Middle East

5.2.6.    Africa

5.3.    Global Neural Network Market Attractiveness Index, By Region

6.    North America Neural Network Market Analysis and Forecast, 2020–2028

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Country

6.1.2.    BPS Analysis, By Country

6.2.    Market Revenue (US$Mn) Forecast, By Country

6.2.1.    U.S. Neural Network Market

6.2.2.    Canada Neural Network Market

6.3.    North America Neural Network Market, By Component

6.3.1.    Software

6.3.2.    Services

6.4.    North America Neural Network Market, By End Use Industry

6.4.1.    Aerospace & Defense

6.4.2.    Banking, Financial Services, and Insurance (BFSI)

6.4.3.    Public Sector

6.4.4.    Retail

6.4.5.    Healthcare

6.4.6.    IT & Telecom

6.4.7.    Energy & Utilities

6.4.8.    Manufacturing

6.4.9.    Others

6.5.    North America Neural Network Market Attractiveness Index

6.5.1.    By Country

6.5.2.    By Component

6.5.3.    By End Use Industry

7.    Latin America Neural Network Market Analysis and Forecast, 2020–2028

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Country

7.1.2.    BPS Analysis, By Country

7.2.    Market (US$Mn) Forecast, By Country

7.2.1.    Brazil Neural Network Market

7.2.2.    Mexico Neural Network Market

7.2.3.    Argentina Neural Network Market

7.2.4.    Rest of Latin America Neural Network Market

7.3.    Latin America Neural Network Market, By Component

7.3.1.    Software

7.3.2.    Services

7.4.    Latin America Neural Network Market, By End Use Industry

7.4.1.    Aerospace & Defense

7.4.2.    Banking, Financial Services, and Insurance (BFSI)

7.4.3.    Public Sector

7.4.4.    Retail

7.4.5.    Healthcare

7.4.6.    IT & Telecom

7.4.7.    Energy & Utilities

7.4.8.    Manufacturing

7.4.9.    Others

7.5.    Latin America Neural Network Market Attractiveness Index

7.5.1.    By Country

7.5.2.    By Component

7.5.3.    By End Use Industry

8.    Europe Neural Network Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market (US$Mn) Forecast, By Country

8.2.1.    U.K. Neural Network Market

8.2.2.    Germany Neural Network Market

8.2.3.    Italy Neural Network Market

8.2.4.    France Neural Network Market

8.2.5.    Spain Neural Network Market

8.2.6.    Russia Neural Network Market

8.2.7.    Poland Neural Network Market

8.2.8.    BENELUX Neural Network Market

8.2.9.    NORDIC Neural Network Market

8.2.10.    Rest of Europe Neural Network Market

8.3.    Europe Neural Network Market, By Component

8.3.1.    Software

8.3.2.    Services

8.4.    Europe Neural Network Market, By End Use Industry

8.4.1.    Aerospace & Defense

8.4.2.    Banking, Financial Services, and Insurance (BFSI)

8.4.3.    Public Sector

8.4.4.    Retail

8.4.5.    Healthcare

8.4.6.    IT & Telecom

8.4.7.    Energy & Utilities

8.4.8.    Manufacturing

8.4.9.    Others

8.5.    Europe Neural Network Market Attractiveness Index

8.5.1.    By Country

8.5.2.    By Component

8.5.3.    By End Use Industry

9.    Asia Pacific Neural Network Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) Forecast, By Country

9.2.1.    China Neural Network Market

9.2.2.    India Neural Network Market

9.2.3.    Japan Neural Network Market

9.2.4.    Australia and New Zealand Neural Network Market

9.2.5.    South Korea Neural Network Market

9.2.6.    ASEAN Neural Network Market

9.2.7.    Rest of Asia Pacific Neural Network Market

9.3.    Asia Pacific Neural Network Market, By Component

9.3.1.    Software

9.3.2.    Services

9.4.    Asia Pacific Neural Network Market, By End Use Industry

9.4.1.    Aerospace & Defense

9.4.2.    Banking, Financial Services, and Insurance (BFSI)

9.4.3.    Public Sector

9.4.4.    Retail

9.4.5.    Healthcare

9.4.6.    IT & Telecom

9.4.7.    Energy & Utilities

9.4.8.    Manufacturing

9.4.9.    Others

9.5.    Asia Pacific Neural Network Market Attractiveness Index

9.5.1.    By Country

9.5.2.    By Component

9.5.3.    By End Use Industry

10.    Middle East Neural Network Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    GCC Countries Neural Network Market

10.2.2.    Israel Neural Network Market

10.2.3.    Oman Neural Network Market

10.2.4.    Rest of Middle East Neural Network Market

10.3.    Middle East Neural Network Market, By Component

10.3.1.    Software

10.3.2.    Services

10.4.    Middle East Neural Network Market, By End Use Industry

10.4.1.    Aerospace & Defense

10.4.2.    Banking, Financial Services, and Insurance (BFSI)

10.4.3.    Public Sector

10.4.4.    Retail

10.4.5.    Healthcare

10.4.6.    IT & Telecom

10.4.7.    Energy & Utilities

10.4.8.    Manufacturing

10.4.9.    Others

10.5.    Middle East Neural Network Market Attractiveness Index

10.5.1.    By Country

10.5.2.    By Component

10.5.3.    By End Use Industry

11.    Africa Neural Network Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    South Africa Neural Network Market

11.2.2.    Egypt Neural Network Market

11.2.3.    North Africa Neural Network Market

11.2.4.    Rest of Africa Neural Network Market

11.3.    Africa Neural Network Market, By Component

11.3.1.    Software

11.3.2.    Services

11.4.    Africa Neural Network Market, By End Use Industry

11.4.1.    Aerospace & Defense

11.4.2.    Banking, Financial Services, and Insurance (BFSI)

11.4.3.    Public Sector

11.4.4.    Retail

11.4.5.    Healthcare

11.4.6.    IT & Telecom

11.4.7.    Energy & Utilities

11.4.8.    Manufacturing

11.4.9.    Others

11.5.    Africa Neural Network Market Attractiveness Index

11.5.1.    By Country

11.5.2.    By Component

11.5.3.    By End Use Industry

12.    Recommendation

12.1.    Market Strategy

13.    Competitive Landscape

13.1.    Competition Dashboard

13.2.    List and Company Overview of Global Key Players

13.3.    Company Profiles

13.3.1.    3M

13.3.1.1.    Company Overview

13.3.1.2.    Financial Overview

13.3.1.3.    Type Portfolio

13.3.1.4.    Key Developments

13.3.1.5.    Business Strategies

13.3.2.    Afiniti

13.3.3.    Alyuda Research, LLC.

13.3.4.    GMDH LLC.

13.3.5.    Neural Technologies Limited

13.3.6.    NeuralWare

13.3.7.    NeuroDimension, Inc.

13.3.8.    OLSOFT LLC

13.3.9.    Starmind International AG

13.3.10.    SwiftKey

13.3.11.    Ward Systems Group, Inc.

14.    Acronyms