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Neural Network Software Market Share

Report ID: GMI10136
Published Date: Jul 2024
Report Format: PDF

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Neural Network Software Market Share

Google LLC & Microsoft together held over 15% share of the neural network software industry in 2023. Google LLC, a prominent player in the market, is renowned for its advancements in AI and ML technologies. Google LLC, often simply referred to as Google, is a multinational technology company specializing in internet-related services and products.

Microsoft is a prominent player in the neural network software market, leveraging its expertise in AI and ML to develop and deploy advanced solutions across various domains. Microsoft's AI initiatives are primarily driven by Azure AI, which offers a comprehensive suite of AI services and tools. These include Azure Machine Learning, a cloud-based platform for building, training, and deploying ML models using neural networks and other AI techniques.

Neural Network Software Market Companies

Major players operating in the neural network software industry are:

Google LLC
Microsoft
IBM Corporation
Intel Corporation
NVIDIA Corporation
Oracle
Qualcomm Technologies, Inc.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of neural network software was reached USD 37.5 billion in 2023 and is expected to register over 32% CAGR from 2024 to 2032, owing to the growing development of autonomous vehicles and Advanced Driver Assistance Systems (ADAS) worldwide.

Neural network software industry from the data mining & archiving segment is expected to register over 30% CAGR from 2024 to 2032, due to rising growth in data generation across various sectors including BFSI, healthcare, and retail.

Asia Pacific neural network software industry is expected to reach USD 95 billion by 2032, due to countries such as China, Japan, South Korea, and India significantly investing in AI infrastructure including neural network software development in the region.

Google LLC, Microsoft, IBM Corporation, Intel Corporation, NVIDIA Corporation, Oracle, and Qualcomm Technologies, Inc., are some of the major neural network software companies worldwide.