(IT-NEWSWIRE.COM, May 26, 2017 ) According to Publisher, the Global Neural Network Software market is expected to grow from $9.54 billion in 2016 to reach $46.43 billion by 2022 with a CAGR of 30.1%. Growing adoption of big data, increasing market for predictive analytics, and raising adoption in Internet of Things are the some of the factors bolstering the market growth. However, lack of skilled professionals, low adoption rate in emerging countries are the restraints hindering the market growth.
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Banking, Financial Services and Insurance (BFSI) end user contributed a largest market share during the forecast period owing to growing financial transactions year on year. By geography, North America commanded the largest market share due to plenty IT infrastructures and more financial institutions & companies in this region. Asia Pacific is likely to grow at a fastest rate during the forecast period.
Some of the key players in global neural network software market include Afiniti, Alyuda Research, Llc., GMDH, Llc, Google Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Neural Technologies Limited, Neuralware, Oracle Corporation, Qualcomm Technologies, Inc., Sap Se, Slagkryssaren Ab, Starmind International Ag, Swiftkey, and Ward Systems Group, Inc.
Software types Covered:
-Data Mining and Archiving
-Process Modeling and Control of Plants
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End Users Covered:
-Government and Defense
-Energy and Utilities
-Banking, Financial Services, and Insurance
-Retail and eCommerce
-Telecom and IT
-Transportation and Logistics
-Other End Users
-Europe-Germany-France-Italy-UK -Spain -Rest of Europe
-Asia Pacific-Japan-China-India-Australia-New Zealand-Rest of Asia Pacific
-Rest of the World-Middle East-Brazil-Argentina-South Africa-Egypt
11.2 Alyuda Research, Llc.
11.3 GMDH, Llc
11.4 Google Inc.
11.5 Intel Corporation
11.6 International Business Machines Corporation
11.7 Microsoft Corporation
11.8 Neural Technologies Limited
11.10 Oracle Corporation
11.11 Qualcomm Technologies, Inc.
11.12 Sap Se
11.13 Slagkryssaren Ab
11.14 Starmind International Ag
11.16 Ward Systems Group, Inc
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