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The image recognition category recorded the highest growth under the application segmentation of the deep learning market during the last few years. This is ascribed to the enormous requirement of deep learning solutions in image recognition applications, on account of their ability to assist users in the detection and identification of objects and analysis of digital images.
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Deep Learning to Become Most Popular Machine Learning Technology in Near Future One of the biggest technological breakthroughs of the 21stcentury is the development of artificial intelligence (AI). From enabling the development of robotics systems that assist in factory operations to enhancing the safety features of vehicles, AI has truly revolutionized the operations of various industries. Moreover, with the advent of AI, it is now possible for the first time that humans can develop systems and solutions that can imitate the human brain in data processing and create patterns which can subsequently improve the decision-making process. “Massive Adoption of Cloud Computing Platforms is Being Observed as Key Trend of Deep Learning Market” This AI function of imitating the human brain in data processing and analysis and then creating patterns based on that analysis is called deep learning. A subset of machine learning in AI, deep learning has networks that have the capability to learn from unstructured and unlabeled data without any assistance or supervision from humans. Due to their excellent data processing, learning, and pattern forming features, this software is being increasingly adopted in contact centers around the world.
From reducing and managing call duration and decreasing call volume to refining first-call resolution and improving customer satisfaction, this software performs a plethora of important functions in contact centers. In addition to this, deep learning solutions assist in reducing the time required for the resolution of queries and problems in contact centers by routing calls, depending on their purpose, to the concerned executives in a very efficient manner. Apart from improving contact center operations, deep learning solutions also help organizations reduce their expenditure on data analysis and learning. “Cost Savings Facilitated by Deep Learning Algorithms is Driving Deep Learning Market” Because of the numerous advantages offered by this machine learning solution over the other conventionally used methods, the integration of deep learning software is increasing at an explosive pace in various industries. As a result, the global deep learning market will grow tremendously in the coming years. Hardware, software, and service are the main components of deep learning solutions. Amongst these, the demand for the hardware was observed to be very high during the last few years, on account of its ability to store large volumes of data for deep neural networks and train deep learning models.
In terms of industry, the deep learning market is divided into automotive, banking, financial services, and insurance (BFSI), retail, manufacturing, and healthcare categories. Out of these, the healthcare industry is predicted to register swift growth in the market in the coming years. This is ascribed to the rising integration of various AI technologies such as deep learning, big data, and machine learning (ML) in healthcare operations for helping medical researchers and healthcare professionals in data collection and analysis to create better healthcare outcomes. “Increasing Adoption Among Contact centers is Reported as Key Growth Drivers of Deep Learning Market” Globally, the deep learning market will demonstrate substantial growth in Europe and North America in the upcoming years, as per the estimates of the market research firm, P&S Intelligence. This is credited to rapid technological innovations and advancements, surging investments being made by various industries and governments in AI, and the existence of numerous deep learning solutions providing companies in the regions. The Asia-Pacific (APAC) region will also observe a significant rise in the adoption of deep learning solutions in the years ahead. Thus, with the generation of huge volumes of data in various industries and the increasing popularity of AI technologies, the adoption of deep learning software and solutions will increase considerably in numerous applications across the world in the forthcoming years. About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to
empower companies to make informed decisions and base their business strategies with astuteness Contact: P&S Intelligence Contact: +1-347-960-6455 Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com
