Deep Learning Market expected to reach at CAGR exceeding 34.3% from 2022 to 2030
Deep Learning Industry Overview The global deep learning market size was valued at USD 34.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) exceeding 34.3% from 2022 to 2030. The technology is gaining prominence because of advancements in data center capabilities, high computing power, and the ability to perform tasks without human interactions. Moreover, the rapid adoption of cloud-based technology across several industries is fueling the growth of the market. Deep learning algorithms can perform several repetitive and routine tasks more efficiently within a shorter time than human beings. In addition, the quality of the work is maintained and provides accurate insights. Thus, implementing deep learning in the organization can save time and money, which eventually frees up the employees to perform creative tasks that need human involvement. Therefore, deep learning is considered a disruptive technology across several end-use industries, uplift...