The global deep learning market is projected to rise by USD 105 billion by 2028, according to a new report by Gen Consulting Company. It is anticipated to expand at a CAGR of 35.3 percent during the forecast period.

This industry report offers market estimates of the global market, followed by a detailed analysis of the component, end user, and region. The global market data on deep learning can be segmented by component: hardware, services, software. According to the research, the software segment had the largest share in the global deep learning market. Deep learning market is further segmented by end user: agriculture, automotive, fintech, healthcare, human resources, industrial, marketing, retail, security, others. In 2021, the fintech segment made up the largest share of revenue generated by the deep learning market. Based on region, the deep learning market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW). Among these, North America was accounted for the highest revenue generator in 2021.

The hardware market is further segmented into processor, memory, network. Gen Consulting Company research indicates that the processor segment occupied the largest share of this market in 2021 and is expected to draw the highest demand in coming years.

The global deep learning market is highly competitive. The deep learning market is dominated by key players, which are Amazon.com Inc., Graphcore Ltd., Huawei Technologies Co. Ltd., Intel Corporation, IBM Corporation, Meta Platforms Inc., Micron Technology Inc., Mythic Inc., Nvidia Corporation, Sensory Inc., Tenstorrent Inc., The Hewlett Packard Enterprise Company.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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