Deep Learning Market Will Make A Huge Impact In Next Five Years

A Quest of Deep Learning Companies Gearing Towards the Future 

 From the commonplace to the spectacular, Artificial intelligence is already affecting practically every business activity in each industry. As AI technologies become more widely used, they are becoming increasingly important for businesses to maintain a competitive advantage.

As a result, for global business owners and senior executives, embracing AI through realistic deep learning models is unquestionably the way to go. While investment does not have to be in the form of millions of dollars for sophisticated deep learning applications, even a little start can go a long way toward someday revolutionizing the commercial sector.

This cutting-edge technology is also being used to develop self-driving cars and provide language translation services. The increased demand for deep learning services across a variety of industries has resulted in an increase in the number of service providers in this discipline.

Because it is home to many of the world's leading deep learning companies, the United States will continue to hold the largest market share for the next few years. According to Technavio's recent industry study, the deep learning market in the United States has developed a CAGR of more than 57 percent till 2021. The large expenditures made by the country's leading deep learning businesses in the latest digital technologies such as the cloud, mobile, analytics, and social media to stay ahead of the market competition is one of the main drivers driving the industry's growth.

Deep Learning and Differing industries

• Deep Learning and its advances are enhancing precision medicine and health management for the future. Deep Learning in Health Care is used to diagnose breast cancer and skin cancer, to name a few examples. In the coming years, computer-assisted diagnosis will become increasingly important in the healthcare sector.
• Describing pictures, recovering pixels, and restoring colors in B&W photos and films are all examples of computer vision and pattern recognition.
• Computer games, robotics, and self-driving cars are all on the horizon. AI and Deep Learning have made self-driving cars, beating people in computer games, and making robots act like humans conceivable.
• Speech search and voice-activated intelligent assistants: Apple's Siri, Google Now, and Microsoft Cortana are just a few instances of deep learning in voice search and intelligent assistants.

The Expert’s Corner

"Artificial intelligence is kind of the second coming of software," said Amir Husain, founder and CEO of machine-learning company SparkCognition. "It's a form of software that makes decisions on its own, that's able to act even in situations not foreseen by the programmers. Artificial intelligence has a wider latitude of decision-making ability as opposed to traditional software."

Wrapping Up

Whether pleasant or rough, the future is rapidly approaching, and artificial intelligence will undoubtedly play a key role. As this technology advances, the world will witness new businesses, consumer applications, and employment displacement, as well as the creation of whole new jobs. We connect the dots for the AI enthusiasts and voracious readers with our industry data analytics on deep learning companies. Explore more!