33.2% CAGR for Neural Network Software Market to 2021 Led by Analytical Software
Jan 18, 2017
Global neural network software market is to expand from USD 7.17 billion in 2016 to USD 22.55 billion by 2021, at a CAGR of 33.2% while Analytical software type is expected to hold the largest market share during the forecast period.
Pune, India - January 18, 2017 /MarketersMedia/ —
The market is escalating rapidly owing to rising digitization trend and the surplus amount of spatial and unorganized data. The need to cluster such data and derive valuable insights with the help of analytical tools has led to the growing demand for neural network software, which helps in smooth and efficient completion of the task.
Complete report on neural network software market spread across 172 pages, profiling 10 major companies and supported with 98 tables and 68 figures is now available at http://www.reportsnreports.com/reports/815725-neural-network-software-market-by-type-data-mining-and-archiving-analytical-software-optimization-software-and-visualization-software-vertical-and-region-global-forecast-to-2021.html .
The neural network software type market has been segmented in to data mining and archiving, analytical software, optimization software, and visualization software. The deployment of analytical software is high majorly due to the growing amount of data across varied end use verticals and the need to manage it.
MEA offers prospective growth opportunities. The major factors affecting the growth in the MEA region include smart technology initiatives; also the MEA countries have witnessed tremendous traction in terms of neural network software along with the growing adoption of Artificial Neural Network (ANN) solutions.
The report includes prominent players in ANN ecosystem such as Google Inc. (California, U.S.), IBM Corporation (New York, U.S.), Microsoft Corporation (Washington DC, U.S.), Intel Corporation (California, U.S.), Oracle Corporation (California, U.S.), SAP SE (Waldorf, Germany), and Qualcomm Technologies Inc. (California, U.S.).
Request a discount on a copy of Neural Network Software Market by Type (Data Mining and Archiving, Analytical Software, Optimization Software, and Visualization Software), Vertical, and Region - Global Forecast to 2021 research report http://www.reportsnreports.com/contacts/discount.aspx?name=815725 .
The key innovators concentrating mainly on neural network software include Alyuda Research LLC (California, U.S.), Neural Technologies Ltd. (England, U.K.), Ward Systems Group Inc. (Maryland U.S.), Afiniti (Washington DC, U.S.), GMDH LLC (New York, U.S.), Starmind International AG (Küsnacht, Switzerland), Neuralware (Pennsylvania, U.S.), Slagkryssaren AB (Stockholm, Sweden), AND Corporation (Ontario, Canada), and Swiftkey (London, U.K.)
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is as follows: Breakup of Primary Interviews:
• By Company type – Tier 1- 40%, Tier 2- 30%, Tier 3- 30%
• By Designation – C-Level- 68%, Director Level- 17% Others- 15%
• By Region – North America- 40%, Europe-20%, APAC- 40%
Ask for representative sample copy of this research at http://www.reportsnreports.com/contacts/requestsample.aspx?name=815725 .
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Source: MarketersMedia
Release ID: 162517
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