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Deep Learning Market Size USD 165.79 Billion by 2030 with a CAGR of 28.93% – Report by Market Research Future (MRFR)

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New York, US, July 06, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Deep Learning Market Analysis by Component (Hardware, Software, Services), By Application (Image Recognition, Data Mining, Signal Recognition), By End User (Security, Manufacturing, BFSI, Healthcare, Agriculture) – Forecast till 2030” valuation is poised to reach USD 165.79 Billion by 2030, registering an 28.93% CAGR throughout the forecast period (2020–2030). 

Deep Learning Market Overview

The increasing use of deep learning algorithms in chatbots will boost market growth over the forecast period. Deep learning algorithms are used in chatbots & service bots for improving customer service and lessening the burden on call centres. In chatbots, deep learning platform application includes Automatic Speech Recognition (ASR) to convert audio to text and NLP for automated call transfer.

Deep Learning Market Report Scope:

Report Metric Details
  Market Size USD 165.79 Billion by 2030
  CAGR 28.93% From 2020 to 2030
  Base Year 2019
  Forecast Period 2020 to 2030
  Historical Data 2018
  Forecast Units Value (USD Billion)
  Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered  Component, Application and Region
  Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors Intel Corporation (USA) Samsung electronics co. Ltd (South Korea) Amazon Inc (USA) Micron Technology (USA) Sensory Inc (USA) Mellanox technology (USA) Google LLC (USA) Xilinx Inc (USA), Qualcomm Technologies Inc., and NVIDIA Corp.
  Key Market Opportunities Rising Adoption of Cloud-Based Technology to offer Robust Opportunities
  Key Market Drivers Increasing Use of Deep Learning Algorithms in Chatbots to Boost Market Growth

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Drivers 
Rising Adoption of Cloud-Based Technology to offer Robust Opportunities 

Cloud analytics is the combination of infrastructural, technological, and analytical techniques and tools that assist clients in extracting useful information from large datasets. Furthermore, deep learning analytics that are cloud-based assist institutes in lowering operational costs as well as infrastructure and storage costs. Furthermore, it provides superior security and enhanced safety to an organization’s critical data, providing lucrative opportunities for the market. Furthermore, cloud computing assists institutes in analyzing large amounts of data and improving their analytics skills, which drives future demand for deep learning.

Rising Complexity in Hardware to act as Market Challenge 
The rising complexity in hardware owing to the use of complex algorithm in the deep learning technology, absence of protocols and standards, and lack of technical expertise may act as market challenges over the forecast period. 

Deep Learning Market Segments

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The global deep learning market is bifurcated based on end user, application, and component. 

By component, software will lead the market over the forecast period. 

By application, image recognition will dominate the market over the forecast period. 

By end user, security will spearhead the market over the forecast period. 

Browse In-depth Market Research Report (177 Pages) on Deep Learning Market:

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Deep Learning Market Regional Analysis 

North America to Sway Deep Learning Market 
North America has the largest Deep Learning Research market. The adoption of DL application models for voice recognition, image recognition, data mining, signal recognition, and diagnostic purposes is the primary driver of the market’s growth. Furthermore, the market’s key players are heavily investing in AI technology application-based platforms, which have a positive and significant impact on the region’s market growth. The rise of digital business & transformation, as well as increased R&D investment, is also driving market growth in the region. The automotive & manufacturing sectors of Mexico, Canada, and the United States also contribute to the market’s expansion. Because of increased investments in AI and neural networks, North America dominated the market. The region’s widespread use of image and pattern recognition is expected to create new growth opportunities in the forecast period. Furthermore, the region is a quick adopter of advanced technologies, causing organizations to rapidly adopt deep learning capabilities.

Furthermore, rising government support is likely to have a positive impact on the region’s industry growth. The establishment of artificial intelligence and machine learning subcommittees in the federal government is offering traction for growth. In terms of revenue, North America has the largest market share. The growing need for the deep learning software, like signal recognition, image recognition, and data mining, in industries like healthcare, automotive, IT and telecommunications, aerospace & defence, as well as ongoing projects and the formation of artificial intelligence and machine learning subcommittees within the federal government, will drive the market in North America.

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APAC to Have Admirable Growth in Deep Learning Market 
The Asia Pacific region ranks second in the world in terms of Deep Learning Market Share. The market’s growth is being driven by increasing penetration and advancements in deep learning technology. Furthermore, the rapid rise of digitization & image as well as voice recognition platforms is boosting market growth. Furthermore, foreign investments in deep learning model applications promote regional market growth. Several government initiatives in the APAC region related to digitalization and the increasing adoption of the next-generation technologies like AI & machine learning demonstrated the rapid growth of deep learning technology.

Deep learning is gaining popularity as it is used in more than just electrical items such as smartphones, tablets, and PCs, but also in healthcare & automotive products. The rapid economic development of key countries such as China and India is critical to the expansion of the APAC deep learning market. An increase in R&D activities across the region is a primary growth driver for the region’s deep learning market. China & India are increasing their investments in deep learning. In these two countries, there are numerous startups conducting deep learning research and identifying various deep learning applications.

Deep Learning Market Competitive Analysis

Dominant Key Players on Deep Learning Market Covered are:

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  • Intel Corporation (USA)
  • Samsung electronics co. Ltd (South Korea)
  • Amazon Inc (USA)
  • Micron Technology (USA)
  • Sensory Inc (USA)
  • Mellanox technology (USA)
  • Google LLC (USA)
  • Xilinx Inc (USA)
  •  Qualcomm Technologies Inc.
  •  NVIDIA Corp.

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COVID-19 Impact Analysis

The COVID-19 epidemic has had a significant increase in the revenue of the deep learning market as a result of increased demand for AML, fraud detection, and other solutions during the pandemic situation. Furthermore, the COVID-19 pandemic has changed model performance because more continuous monitoring & validation is needed to mitigate different types of risk, as opposed to static validation and testing methods, which drives the development of deep learning models. Furthermore, as digital transformation accelerates, various governments have implemented stringent regulations to protect end users’ data, such as the GDPR and the CCPA, which are driving market growth.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

MacPaw Recognized a Finalist in the Social Impact Award at the 2024 Reuters Events Sustainability Awards: Honored for Pioneering Innovation and Social Responsibility

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KYIV, Ukraine, Oct. 2, 2024 /PRNewswire/ — MacPaw, a leading Ukrainian software company, has been named a finalist for the prestigious 2024 Reuters Sustainability Awards in the Social Impact category, standing out as the only Ukrainian company recognized in this field. This recognition highlights MacPaw’s exceptional efforts in ensuring safety, well-being, and innovation during adversity following the full-scale Russian invasion of Ukraine.

MacPaw’s entry, titled “Ensuring Safety and Well-being while Fostering Innovation: MacPaw’s Journey During Adversity,” underscores the company’s commitment to its employees and users, as well as the broader Ukrainian community. Despite the unprecedented challenges of wartime, MacPaw has continued to thrive, supporting millions of users across the world while spearheading vital social and humanitarian initiatives. We see Ukrainian innovation not only surviving but thriving. It’s a testament to Ukraine’s place in the tech world.
Key Achievements:
Humanitarian Aid and Recovery: Since February 2022, MacPaw has donated over $10 million to various charitable causes, driving significant change across Ukraine. MacPaw Foundation, a corporate charity, provided vital support to over 10,000 Ukrainians affected by the full-scale Russian invasion, ensuring they received the care and resources needed in times of adversity.Empowering Communities: Through the MacPaw Cares corporate social responsibility program, the company impacted 30+ social projects in 10 regions, focusing on supporting communities locally and globally, boosting sustainability effort, helping people in need, fostering local tech talent, inclusivity, and restoring access to education.Employee Support: The company implemented flexible mental health policies, offering dedicated support sessions, mental health surveys, and assistance to employees affected by the full-scale Russian invasion.Veterans Integration: MacPaw has launched a Veterans Integration Program to assist veterans in reintegrating into the company’s work and social life.Innovation in Crisis: Despite the war challenges, MacPaw introduced breakthrough products SpyBuster, ClearVPN, CleanMyPhone, Setapp Mobile. MacPaw also started a cybersecurity division that focuses exclusively on the cybersecurity needs of Mac users, Moonlock. Showcasing the commitment to the community, MacPaw developed Together App — a wartime check-in tool that helps employers monitor their team’s well-being and safety during the war.”We are honored to be recognized as Finalist in the Social Impact Award at the Reuters Events Sustainability Awards 2024 for our social impact efforts, especially as Russia’s invasion of Ukraine continues,” said Anna Manukhina, Director of MacPaw Foundation and CSR Lead at MacPaw. “This nomination reaffirms our commitment to supporting Ukraine and fostering innovation even in the times. Whether through mental health support, humanitarian aid, or product development, MacPaw’s initiatives reflect our mission to make a meaningful global impact.”
The 2024 Reuters Sustainability Awards are among the world’s most distinguished recognitions in sustainable development. It is more than just a recognition of the best sustainability strategies; it honors those who truly impact business, society, and the environment, creating a new way of doing business in the 21st century. Over the past 14 years, the award has served as a benchmark for companies worldwide.
For more information about MacPaw’s social impact initiatives, visit MacPaw’s Social Impact Review.
About MacPaw
MacPaw develops and distributes innovative software for macOS and iOS that simplifies the lives of Mac users. Renowned for its meticulously crafted products, such as CleanMyMac X, CleanMy®Phone, Setapp, and ClearVPN, and known for its Moonlock cybersecurity division, MacPaw is dedicated to enhancing and securing the Mac user experience. Founded in Kyiv, Ukraine, with offices in Boston, MacPaw serves millions of users worldwide. With one in every five Mac users having at least one MacPaw app, the company is a trusted leader in the Mac software ecosystem.
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Media Contact: Oleksandra LytvynenkoPR [email protected]

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Artificial Intelligence

When Evaluating Vendors, 64% of Manufacturers Surveyed Cite Strong Onboarding and Ongoing Support as Crucial

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NEW YORK, Oct. 2, 2024 /PRNewswire/ — Global technology intelligence firm ABI Research recently completed its 2024 Manufacturers’ Technology Adoption & Attitudes Survey, a comprehensive survey of 461 manufacturing decision-makers across the United States, Malaysia, and Germany to uncover real-world attitudes, adoption trends, and valuable insights that reflect the current technological landscape within the manufacturing industry. When asked which criteria were most important when evaluating a new solution or vendor, 64% of respondents ranked a robust onboarding process with training, resources, and post-sales follow-up as the most critical. 

“Improving quality and productivity levels are key objectives for survey respondents. However, an overriding concern is how to deploy the technologies to achieve those objectives. Manufacturers require assurance that they will receive adequate support and training resources to quickly adapt, along with ongoing follow-up from the vendor,” explains Michael Larner, Distinguished Analyst at ABI Research.
Vendors often prioritize outlining potential investment outcomes to provide evidence of return on investment. Benefits will take longer to accrue if users cannot fully understand and properly utilize the solution. To avoid this, the vendor or their partners must be present during the initial launch, provide training resources that enable users to map the solution to their workflows, and adhere to a strict follow-up plan with the customer. These measures will require investment in the post-sales process, emphasizing partners’ education so that they effectively represent the vendor in onboarding processes.
The survey further revealed that recruiting and retaining staff is challenging for manufacturers. The lack of skills underscores the concerns not only regarding deploying technologies but also fully grasping the opportunities that digital technologies offer.  “Hand holding by the vendor will be required when manufacturers are devising Proofs of Concept (PoCs), evaluating suppliers, and implementing solutions at their facilities,” Larner concludes.
These findings are from ABI Research’s Industrial and Manufacturing Survey 1H 2024: What Are Respondents Looking for from Vendors? report. This report is part of the company’s Industrial & Manufacturing Technologies research service, which includes research, data, and ABI Insights.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info: 
GlobalDeborah PetraraTel: [email protected]  
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Scale Computing Offers Simple, Secure, Reliable IT Infrastructure to Guard Against Data-Hungry Ghouls

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Company Gifting Retro Polaroid Cameras to End Users in North America and Europe, Middle East, and Africa through November 8th
INDIANAPOLIS, Oct. 2, 2024 /PRNewswire/ — Scale Computing, the market leader in edge computing, virtualization, and hyperconverged solutions, today announced its new campaign targeting outdated IT infrastructure and calling on organizations to learn more about Scale Computing Platform’s (SC//Platform) future-ready solutions. Between now and November 8, 2024, end users in North America and Europe, Middle East, and Africa (EMEA) who register for a meeting will receive a retro Polaroid camera.

“Downtime, data loss, and corruption can happen at any moment, threatening your business. Instead of being plagued by data-hungry ghouls and goblins, we invite users to learn more about Scale Computing and our SC//Platform to maximize security, ensuring that critical systems are always protected, validated, and ready for recovery. Organizations of all sizes across all vertical industries can benefit from SC//Platform, which brings together simplicity and scalability, replacing existing outdated infrastructure. Users instead get high availability for running workloads in a single, easy-to-manage platform, while leveraging our patented self-healing technology to maintain maximum uptime for all applications,” said Jeff Ready, CEO and co-founder of Scale Computing.
October is Cybersecurity Awareness Month, dedicated to raising awareness about the importance of digital security and protecting personal data. As cyber criminals become more sophisticated, maintaining modern infrastructure with a strong cybersecurity posture is key to keeping critical business applications and data secured. The new campaign from Scale Computing aims to help businesses scare away threats and fortify their defenses against data-hungry ghouls.
SC//Platform provides infrastructure that is simple, secure, scalable, and reliable. Combine it with Scale Computing’s subscription-based Business Continuity/Disaster Recovery (BCDR) Planning Service to establish a comprehensive and regulated response plan for any unforeseen downtime. With SC//Platform, an organization’s critical systems will be protected, validated, tested, and always ready for recovery when the goblins strike.
Book your meeting today to ensure your business is prepared for whatever data-hungry dark forces come your way and receive a complimentary Polaroid camera. To learn more about Scale Computing and book your meeting, visit https://www.scalecomputing.com/landing-pages/guard-against-data-hungry-ghouls.
About Scale ComputingScale Computing is a leader in edge computing, virtualization, and hyperconverged solutions. Using patented HyperCore™ technology, Scale Computing Platform automatically identifies, mitigates, and corrects infrastructure problems in real-time, enabling applications to achieve maximum uptime, even when local IT resources and staff are scarce. Edge Computing is the fastest-growing area of IT infrastructure, and industry analysts have named Scale Computing an outperformer and leader in the space, including being named the #1 edge computing vendor by CRN. Scale Computing’s products are sold by thousands of value-added resellers, integrators, and service providers worldwide. When ease-of-use, high availability, and TCO matter, Scale Computing Platform is the ideal infrastructure platform. Read what our customers have to say on Gartner Peer Insights, G2, and TrustRadius.
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