Neural Network Software Market to Witness a Healthy Growth by 2027

Due to its technological improvement for data analysis by decreasing the time and cost in many organisations, neural network software is rising quickly in the market.

Neural network software is frequently utilised in various businesses for business applications like risk assessment or fraud detection. Trading, financial operations, product maintenance, and business analytics are key areas where neural network software applications are deployed.

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Neural Network Software Market: Drivers and Challenges

The development of data archiving technologies to arrange the massive volume of disorganised data produced by various end users is the main factor driving the growth of the neural network market.

The market for neural network software is also being driven by the rise in demand for forecasting solutions and the use of digital technology.

However, the slow rate of digitization in developing economies, a lack of technological know-how, and operational difficulties are the main factors impeding the growth of the neural network software industry.

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Neural Network Software Market: key players

Some of the key players for Neural Network Software Markets are Afiniti, Alyuda Research, Llc, GMDH, Llc, Google Inc, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Neural Technologies Limited, Neuralware, Oracle Corporation, Qualcomm Technologies, Inc., Sap Se, Slagkryssaren Ab, Starmind International Ag, Swiftkey, Ward Systems Group, Inc.

Neural Network Software Market Segments

  • Neural Network Software Market Dynamics
  • Historical Actual Market Size, 2013 – 2015
  • Neural Network Software Market Size & Forecast 2017 to 2027
  • Value Chain
  • Neural Network Software Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Neural Network Software Market Drivers and Restraints

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Neural Network SoftwareMarket: Segmentation

Segmentation on the basis of type:

  • Analytical Software
  • Data Mining and Archiving
  • Visualization Software
  • Optimization Software

Segmentation on the basis of industry:

  • IT and Telecommunications
  • Manufacturing
  • Healthcare
  • Energy and Utilities
  • Defense and Government
  • Transportation and Logistics
  • Others

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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