Neural network software applies neural networks by stimulating research and development, and software concepts modified from biological neural networks and apply artificial and in some cases, a wider array of adaptive systems such as machine learning and artificial intelligence . The global neural network software market size was valued at USD XX million in 2017 and is expected to grow at a CAGR of XX%, with the market expected to reach a valuation of up to USD XX million by 20X5.
The global neural network software market is meaningfully concentrated due to the presence of few main vendors and several prominent vendors operating competitively. Growing adoption of big data analytics and various technological advancements are the primary drivers of the global neural network software market. Growth in demand for predictive solutions are witnessing significant upward trend, with an increasing demand from end-use industries such as BFSI, health care, energy & utilities, and media. The high magnitude of volume of data created every minute, stringent regulations, increasing digitization, and financial losses due to the rise in fraudulent practices are some fundamental factors responsible for rising demand for the market.
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The global neural network software market consists of primary palyer which includes Intel Corporation, SAP SE, Alyuda Research, IBM Corporation, Google Inc., Oracle Corporation,, Afiniti, and Neural Technologies Limited among other.
Neural Network Software market is segmented based on Software Type, Industry vertical and geography. On the the basis of software type, the market has been divided into analytical software, data mining and archiving, optimization software and visualization software.
Neural Network Software Module by region classified into North America, Europe, Latin America, Asia-Pacific and Middle East & Africa.
Market segmented on the basis of industry vertical:
• Government & Utilities
• Oil & Gas
• Telecom and IT
• Retail & E-commerce
Market segmented on the basis of software type:
• Data Mining and Archiving
• Analytical Software
• Optimization Software
• Visualization Software
Market segmented on the basis of region:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA
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