The deep tech market revenue totaled US$ 431.1 Million in 2021. The deep tech market is expected to reach US$ 3,733.8 Million by 2032, exhibiting growth at 21.8% CAGR between 2022 and 2032.
According to the analysis, by the end of 2022, the deep tech industry is expected to be worth US$ 518.2 Mn. According to FMI, using any cloud, any language for any competence, anywhere-running automation, and self-service will allow business customers, technical teams, and non-technical team members to address their issues in a decentralized manner.
Press announcements, product notes, thoughts on trending subjects, and quarterly financial reports are just a few examples of the repetitive content that businesses routinely publish. In order to produce such repetitive content, Natural Language Generation (NLG) will be helpful, and it will be the responsibility of a human copywriter to give the brand communication’s tone and tenor a distinctive touch. In the future, NLG will consistently produce more and more information, requiring merely minor manual editing to conform to organizational needs.
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Key Takeaways: Deep Tech Market
- By technology, the robotics segment is expected to grow at a CAGR of 21.4% in the global demand for deep tech during the forecast period 2022-2032.
- By enterprises size, the adoption of deep tech solution in SMEs is anticipated to grow at a CAGR of 14.6% between 2022 & 2032.
- By end user, the adoption of deep tech solution in healthcare industry is anticipated to grow at a CAGR of 17.3% between 2022 & 2032.
- North America is expected to lead the market followed by Europe in 2022. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.
Implementation of AI in Synthetic Biology
Particularly when it comes to applications that rely on sequential data, like DNA sequence information, neural networks (used in AI) have been found to be quite effective. Bio manufacturing businesses, like Zymergen, are harnessing protein structures from microorganisms (such organisms like E. coli), such as those developed by DeepMind, a software company to create things using biology. It is envisaged that the DeepMind data would be utilized for “synthetic biology,” such as the development of bacteria that can more effectively synthesize novel compounds and materials.
More Valuable Insights on Deep Tech Market
FMI’s report on the deep tech industry research is segmented into four major sections – by technology (Big Data, Artificial Intelligence and Machine Learning, language processing, Robotics, Vision and speech algorithm, quantum computing, and others), enterprises size (SMEs and large enterprises), end user (BFSI, IT & Telecommunication, automotive, healthcare, agriculture, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the deep tech demand outlook.
About Electronics, Semiconductor and ICT Division at Future Market Insights
Expert analysis, strategic recommendations and actionable insights- the electronics, semiconductors, and ICT team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, & ICT, of which 100+ reports are specifically on software, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductors, and ICT industry.
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Deep Tech Outlook by Category
By Technology:
- Big Data
- Artificial Intelligence and Machine Learning
- Language Processing
- Robotics
- Vision and Speech Algorithm
- Quantum Computing
- Others
By Enterprise Size:
By End User:
- BFSI
- IT & Telecommunication
- Automotive
- Healthcare
- Agriculture
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
Table of Content
1. Executive Summary | Deep Tech Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Technology Innovation / Development Trends
4. Pricing Analysis
4.1. Types of Pricing Models, By Technology
4.2. Global Pricing Analysis Benchmark
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