Deep Learning Software Revenue Will Grow from $3 Billion in 2017 to $67.2 Billion Annually by 2025, According to Tractica

Deep Learning to Enable 125 Key Use Cases Across Enterprise, Consumer,
and Government Markets

BOULDER, Colo.–(BUSINESS WIRE)–#ai–Deep learning is a buzzword that has been hyped by the business and
technical press for years, often with relatively meager results that
failed to live up to expectations. But over the past 18 months,
according to a new report from Tractica,
the true power of deep learning has been realized, thanks to advances in
hardware and algorithms that use pattern recognition applied in a
continuous learning loop, enabling them to train themselves to perform
tasks without requiring explicit programming code. Indeed, according to
Tractica’s analysis, some of the most successful deep learning use cases
today center around incremental and practical advancements in areas such
as image recognition, text analysis, product recommendations, fraud
prevention, and content curation. The sheer power of deep learning,
however, is likely to lead to the development of more powerful and
disruptive applications of tomorrow, such as driverless cars,
personalized education, and preventative healthcare.

Tractica forecasts that, with this expanding set of applications, the
worldwide deep learning software market will grow from $3 billion in
2017 to $67.2 billion by 2025.

“Deep learning has been a key point of focus for many companies, given
its potential to transform entire industries,” says principal analyst
Keith Kirkpatrick. “Current leaders in the deep learning market include
Google, Facebook, Microsoft, IBM, Amazon, Baidu, and others.”

Kirkpatrick adds that the opportunity for deep learning spans a wide
range of industries and geographies and is particularly disruptive in
highly domain-specific markets with high-volume data needs and
ontologies, and those with growing applications for machine perception
using vision and language processing capabilities.

Tractica’s report, “Deep
Learning”, examines the practical application of deep learning
within consumer, enterprise, and government markets. The report provides
strategic analysis and market forecasts for 125 deep learning use cases
within 30 industry sectors, including an assessment of benefits and
implementation considerations along with a quantification of the market
opportunity for each use case. Market forecasts include deep learning
software, hardware, and services revenue, segmented by world region, for
the period from 2017 through 2025. The report also includes profiles of
28 key players within the evolving deep learning market ecosystem. An
Executive Summary of the report is available for free download on the
firm’s website.

About Tractica

Tractica, an Informa business, is a market intelligence firm that
focuses on emerging technologies. Tractica’s global market research and
consulting services combine qualitative and quantitative research
methodologies to provide a comprehensive view of the emerging market
opportunities surrounding Artificial Intelligence, Robotics, User
Interface Technologies, Advanced Computing, Connected & Autonomous
Vehicles, and Wearables & Digital Health. For more information, visit www.tractica.com
or call +1.303.248.3000.

Contacts

Press Contact:
Clint Wheelock, +1.303.248.3000
press@tractica.com