Skip to main content

Asia-Pacific Set to Witness Booming Demand for Deep Learning Solutions in Future

The demand for deep learning software will surge in the coming years. This will be because businesses and organizations around the world are increasingly using scalable deep learning software for several applications such as image recognition, signal recognition, and voice assistance. 

Image recognition, signal recognition, recommendation engine, data mining, and natural language processing (NLP) are the major application areas of deep learning solutions. Amongst these, the usage of this technology was the highest for image recognition. This was ascribed to the huge requirement for deep learning solutions for image recognition applications, on account of their ability to identify and detect objects and analyze digital images effectively and efficiently. 


Across the globe, the demand for deep learning market is predicted to soar in Europe and North America in the forthcoming years.  This is credited to the rapid technological advancements, the soaring investments being made in AI technologies, and the existence of leading industry players in these regions. The popularity of the deep learning technology is also predicted to shoot up in the Asia-Pacific (APAC) region in the upcoming years.

This will be due to the rapid economic progress of the regional countries such as India and China, the surging investments being made in the information technology (IT) infrastructure, the rising usage of advanced and innovative technologies, and the establishment of several AI (artificial intelligence) technology-based startups in the region.

Hence, it can be said with full surety that the demand for deep learning solutions will rise enormously all over the world in the upcoming years, primarily because of their growing adoption in contact centers for better customer management.




Comments

Post a Comment

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...
Post a Comment
Read more

Conversational AI Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2030

There are two ways in which conversational AI solutions are deployed, namely cloud and on-premises. Of these, the conversational AI solutions deployed through cloud recorded higher demand in 2018, and this deployment method is expected to remain more popular in the coming years. This is primarily attributed to the ballooning demand for scalability and easier maintenance features and 24*7 services offered by these solutions. Furthermore, many major companies are adopting cloud-based solutions for increasing their operational flexibility and reducing their operational costs. Coherent with these facts, the biggest phenomenon currently being observed in the conversational AI market is the mushrooming implementation of chatbots, as well as IVA, in various healthcare applications. Geographically, the highest demand for conversational AI market share has been witnessed in North America in the last few years, and the next few years will witness a similar situation. For instance, a Mahara...
Post a Comment
Read more

Battery Management System Market Size, Status, Top Players, Trends in Upcoming Years

The International Energy Association (IEA) predicts that the sale of battery electric vehicles (BEV) (trucks) and plug-in hybrid electric vehicles (PHEV) (trucks) will reach around 96,555 units and 107,571 units, respectively, by 2025. The organization also forecasts that the global stock of BEV cars and PHEV cars will reach 29,626,576 units and 16,335,941 units, respectively, by 2025. The surging electric vehicle (EV) sales will create an extensive requirement for battery management systems (BMSs) in the coming years, as batteries are the most important component of such vehicles. Besides, the surging use of rechargeable batteries in consumer electronic products is expected to drive the battery management system market at a vigorous CAGR of 15.0% during the forecast period (2021–2030).   The market revenue is expected to surge from $5,661.0 million in 2020 to $22,279.6 million by 2030. BMSs are installed in consumer electronics to control the operation of batteries and manag...
Post a Comment
Read more