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Deep Learning Market Share

  • Report ID: GMI11760
  • Published Date: Oct 2024
  • Report Format: PDF

Deep Learning Market Share

NVIDIA, Microsoft, and Google collectively held a substantial market share of over 15% in the deep learning industry in 2023. NVIDIA focuses on developing powerful hardware, such as GPUs specifically designed for AI workloads, enabling faster training and inference for deep learning models. By creating a robust ecosystem, including software libraries such CUDA and TensorRT, NVIDIA supports developers and researchers in optimizing their applications.
 

Microsoft leverages its Azure cloud platform, offering scalable AI services and tools such as Azure Machine Learning. By integrating deep learning capabilities into its suite of business applications, Microsoft encourages enterprises to adopt AI solutions, enhancing productivity and decision-making. Google emphasizes innovation through its TensorFlow framework, which simplifies deep learning model development. Additionally, Google Cloud provides extensive AI services and infrastructure, enabling businesses to build and deploy machine learning solutions efficiently.
 

Deep Learning Market Companies

Major players operating in the deep learning industry are:

  • Alibaba
  • AWS
  • Google
  • IBM
  • Intel
  • Meta
  • Microsoft
  • NVIDIA
  • Salesforce
  • Tencent
Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of deep learning reached USD 19.8 billion in 2023 and is set to grow at a 30.4% CAGR from 2024 to 2032, driven by the rising demand for automation across various industries.

The software segment accounted for over 30% of the market share in 2023 and is expected to exceed USD 80 billion by 2032, fueled by advancements in software frameworks like TensorFlow, PyTorch, and Keras.

The image recognition segment held around 31% of the market share in 2023, with industries such as healthcare, automotive, retail, and security increasingly adopting these solutions.

The U.S. market accounted for 75% of the revenue share in 2023 and is expected to exceed USD 40 billion by 2032, led by robust investment in AI research and development.

Deep Learning Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 240
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