BFSI Sector Fueling the Neural Network Software Demand

New York, USA, 2018-Dec-06 — /EPR Network/ —  According to Goldstein Research, Most organizations in across various industries around the world aim to increase their profits and reduce costs against competitive and rapidly varying market environments Neural Network Software Market is expected to witness rapid growth owing to the growing need for data archiving tools in order to shape the data generated from varied end-user sectors. Global neural network software market segmentation includes software type, components type, and end users. According to our Goldstein Research analysts, neural network software market is projected to register a CAGR of 23.5% during the forecast period i.e. 2016-2024. Global Neural Network Software Market is majorly growing in developed nations and North America has the largest market share in 2016 and the Asia Pacific region is anticipated to grow at the fastest rate, at a CAGR 30% during the forecast period.

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Market Segmentation

On the basis of our in-depth analysis, global neural network software Market can be segmented as follows:

By Software Type

• Data Mining and Archiving
• Analytical Software
• Optimization Software
• Visualization Software

By Components

• Software
• Services
• Professional Services
• Managed Services

By End Users

• BFSI Sector
• IT and ITEs
• Healthcare Sector
• Media and Entertainment
• Manufacturing Sector
• Energy and Utilities
• Retail and ecommerce Industry
• Other (Education, Entertainment etc.)

Based on Geography

• North America (U.S. & Canada) lightweight material market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America) lightweight material market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden &RoE) lightweight material market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) lightweight material market {Market Share (%), Market Size (USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) lightweight material market {Market Share (%), Market Size (USD Billion)}

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“Global Neural Network Software Market Outlook 2024” contains a detailed overview of the global Neural Network Software market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by software type, by components and by end users.

Further, for the in-depth analysis, Global Neural Network Software Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IBM Corporation, Microsoft Corporation, Google Inc., SAP SE, Oracle Corporation, Intel Corporation, Alyuda Research LLC, Neural Technologies Ltd., Ward Systems Group Inc., Afiniti and GMDH LLCetc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report denotes the global neural network software market past and present trends along with market projections that will assist industry consultants, technology providers, existing players searching for expansion opportunities, new players examining possibilities and other stakeholders to bring into line their market centric approaches according to the ongoing and expected trends in the future.

Neural Network Software Market is driving on the basis of advancement in mentioned below industry

Blockchain Technology Market

The blockchain is a database of the transaction in the form of linked blocks as a chain. The blockchain is a brick of listed records in a secured form of cryptography. Blockchain Technology Market was valued at USD 0.63 billion in 2016 and is anticipated to reach at USD 7.97 billion by 2024 at a promising CAGR of 61.5% over the forecast period. Blockchain technology in BFSI shares the largest market share of around 40% in 2016. The global Blockchain Technology Industry in BFSI sector was valued USD 0.25 billion in 2016 and is anticipated to reach at USD 3.18 billion by 2024 owing to the adoption of blockchain technology in various banking sectors and startups.

Cloud Computing Market

Cloud Computing Market is expected to reach USD 408.3 billion by the end of 2024 from USD 105 billion in 2016, growing at a CAGR of 18.5%. The rising trend of transferring the data over the cloud by medium, small and large enterprises and private players collaborations with government are major driving factors in the growth of the global cloud computing market. North America Cloud Computing Market is projected to reach USD 131.87 billion by 2024 and is anticipated to grow at a CAGR of 16.0% during the forecast period.

Big Data Market

Big Data Market is expected to reach USD 200 billion by 2024, growing at a compounded annual growth rate of 22.4% over the forecast period 2016-2024. The increasing volume of data is significantly creating a demand for cost-effective, flexible and secure storage of data such as Hadoop and others. North America is likely to hold the largest share of global big data market in 2016 and is expected to dominate the market during the forecast period. Where Europe Big Data Market to expand at a CAGR of 19.1% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 35.0 billion by the end ofthe forecast period.