Deep Learning Market | Growing Application of Deep Learning to Boost the Market Growth | Technavio
Summary
LONDON--(BUSINESS WIRE)--The deep learning market size is poised to grow by USD 7.2 billion during 2020-2024, progressing at a CAGR of almost 45% throughout the forecast period, according to the latest report by Technavio. Moreover, each of these layers has a certain degree of functionality and is mainly used for representing vast amounts of data to ease the process of decision making. Additionally, the increase in funding in the field of deep learning has encouraged several start-ups to apply this technology across a wide range of industry verticals. For instance, fraud detection, visual recognition, logistics, insurance, and agriculture are some of the application areas of deep learning. Moreover, due to industrial digitalization, massive volumes of data are being generated, which subsequently drives the demand for various types of deep learning software solutions.