Artificial Neural Network Market Analysis, Manufacturers, Type, Application, Regions and Forecast

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Artificial Neural Network Market Size – USD 160.8 Million in 2021, Market Growth – at a CAGR of 18.7%, Market Trends – Rapid technological advancements and development of new algorithms along with better processors to support the use of AI.

The report is updated with the impact of the COVID-19 pandemic on the Artificial Neural Network market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Artificial Neural Network market has been positive or negative. It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Artificial Neural Network market.

ANNs are extensively employed in a variety of medical disciplines, especially in cardiology. ANNs have been widely used in radiology, radiological image analysis, electronic signal analysis, and diagnostics. Many researchers have employed ANNs for modeling in clinical research and medicine. Pharmaceutical epidemiology and medical data mining are two fields where ANN applications are adopted increasingly. ANN is also being used by healthcare organizations to improve care delivery at a lower cost. Although there are many well-known uses for ANN in diagnostics, ANN is also being used more and more in healthcare administration.

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The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.

The key companies studied in the report are:

Google LLC, International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, Intel Corporation, Qualcomm Technologies, Inc., Alyuda Research, LLC., Ward Systems Group, Inc., Starmind, and Clarifai Inc.

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.

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Emergen Research has segmented the global Artificial Neural Network market based on offering, deployment, application, industry vertical, and region:

  • Offering Outlook (Revenue, USD Million, 2019-2030)

    • Software
    • Services
  • Deployment Outlook (Revenue, USD Million, 2019-2030)

    • On-Premise
    • On-Cloud
  • Application Outlook (Revenue, USD Million, 2019-2030)

    • Image Processing
    • Fraud Detection
    • Data Mining
    • Others
  • Industry Vertical Outlook (Revenue, USD Million, 2019-2030)

    • BFSI
    • Medical
    • Retail and Sales
    • Others

The report addresses the following key points:

  • The report estimates the expected market size from 2020-2027
  • The report provides a forecast of market drivers, restraints, and future opportunities for the Artificial Neural Network market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

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