Neural Network Software Market

Neural Network Software Market by Type (Data Mining and Archiving, Analytical Software, Optimization Software, and Visualization Software), Vertical, and Region - Global Forecast to 2021

Report Code: TC 4923 Jan, 2017, by marketsandmarkets.com

[149 Pages Report] MarketsandMarkets forecasts the global neural network software market to grow from USD 7.17 billion in 2016 to USD 22.55 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 33.2%. 2015 has been considered as the base year, while the forecast period is 2016 – 2021.

This report aims to estimate the market size and future growth potential of the neural network software market across different segments such as software type, vertical and regions. The report aims to analyze each segment with respect to individual growth trends and contribution towards the overall market and to provide detailed information regarding the major factors, which influence the growth of the market (drivers, restraints, opportunities, and industry specific challenges). The aim is to deliver competitive intelligence from market analysis and devise revenue growth strategies from the market size and forecast statistics.

Top-down and bottom-up approaches were used to estimate and validate the size of the global neural network software market and to estimate the size of various other dependent sub segments. The key players in the market were identified through secondary research such as Embedded Neural Network Summit, Deep Learning Summit, and International Neural Network Society, and their market shares in respective regions were determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of top market players and extensive interviews for key insights from industry leaders. All percentage shares, splits, and breakdowns were determined by using secondary sources and verified through primary sources. All possible parameters that affect the market are covered in this research study, and have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs. The breakdown of profiles of primary discussion with the participants is depicted in the below figure: extensive interviews with key people such as CEOs, VPs, directors, and executives were also conducted. breakdown of primary interviews:

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With the increase in the number of application areas, the researchers have started developing various domain specific neural network software. Moreover, the service providers have aggressively started simulating innovative solutions based on the conceptual modules for design and implementation of complex application frameworks for better decision-making of the end-users. However, factors such as lack of high level of expertise among the ANN service providers to deploy neural network software along with the absence of government and compliance issues have posed major challenges for the deployment of neural network software globally

The prominent players in the artificial neural network ecosystem are Google Inc. (California, U.S.), IBM Corporation (New York, U.S.), Microsoft Corporation (Washington DC, U.S.), Intel Corporation (California, U.S.), Oracle Corporation (California, U.S.), SAP SE (Waldorf, Germany), and Qualcomm Technologies Inc. (California, U.S.). The key innovators concentrating mainly on neural network software include Alyuda Research LLC (California, U.S.), Neural Technologies Ltd. (England, U.K.), Ward Systems Group Inc. (Maryland U.S.), Afiniti (Washington DC, U.S.), GMDH LLC (New York, U.S.), Starmind International AG (Kόsnacht, Switzerland), Neuralware (Pennsylvania, U.S.), Slagkryssaren AB (Stockholm, Sweden), AND Corporation (Ontario, Canada), and Swiftkey (London, U.K.).

Key Target Audience For Neural Network Software Market  

  • Machine learning/Artificial Intelligence (AI) solution and service providers
  • Cognitive and AI technology experts/providers
  • Business intelligence tools and system experts/providers
  • System integrators
  • End-users/consumers/enterprise users
  • Telecommunication providers
  • Mobile network operators
  • Internet of Things (IoT) device/wearable device manufacturers
  • Managed service providers
  • Technology consultants
  • Training and education service providers

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Scope of the Report

:


The research report categorizes the market to forecast the revenues and analyze the trends in each of the following sub segments:

Neural Network Software Market By Component:

  • Neural Network Software
  • Services
  • Platform and Other Enabling Services

Neural Network Software Market By Type:

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

Neural Network Software Market By Vertical:

  • BFSI
  • Government and Defense
  • Energy and Utilities
  • Healthcare
  • Industrial Manufacturing
  • Media
  • Telecom and IT
  • Transportation and Logistics
  • Retail and eCommerce
  • Others (Real Estate, Entertainment, Education and Academia and Computing System Providers)

By Region:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East & Africa (MEA)
  • Latin America

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MarketsandMarkets forecasts the neural network software market size to grow from USD 7.17 billion in 2016 to USD 22.55 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 33.2%. Major factors contributing to the growth of the market are increasing amount of spatial data and rising demand for predictive solutions.

The market is segmented by software type, end user, and region. The neural network software type market type is primarily dominated by analytical software. However, data mining and archiving is expected to be the fastest growing software type in the coming years. This growth rate is mainly attributed to the growing amount of unorganized and spatial data, and the growing need to classify and cluster this data in order to perform predictive and analytical operations.

The Banking, Financial Services, and Insurance (BFSI) sector recorded the largest market share in terms of neural network software implementation, owing to the large number of application areas in the vertical and the growing necessity to classify the data. For instance, the insights coming from analytical tools allow organizations to understand their customers and empower their workforce. Thus, with the help of these predictive analytical tools, banks and financial institutions can track and monitor the risk of different transactions of their customers. The neural network software market report also comprises key used cases for the varied end-use verticals. The prominent used-case study in BFSI sector include Neural network software used in different stock exchange markets, such as New York Stock Exchange, and London Stock Exchange to predict the volatility of stock prices.


neural-network-software-market


North America is expected to hold the largest market share and dominate the neural network software market due to the presence of a large number enterprises deploying neural network technologies, along with technological advanced scenarios. However, Middle East and Africa (MEA) offers the potential growth opportunities for the market to emerge over the coming years. The key factors driving the growth rate in the MEA region include increasing technological implementations and rising smart city investments.

Slow digitization rate across emerging economies and lack of expertise and other operational challenges are the major restraining factors for the growth of the global neural network software market.

The prominent players in the artificial neural network ecosystem are Google Inc. (California, U.S.), IBM Corporation (New York, U.S.), Microsoft Corporation (Washington DC, U.S.), Intel Corporation (California, U.S.), Oracle Corporation (California, U.S.), SAP SE (Waldorf, Germany), and Qualcomm Technologies Inc. (California, U.S.). The key innovators concentrating mainly on neural network software include Alyuda Research LLC (California, U.S.), Neural Technologies Ltd. (England, U.K.), Ward Systems Group Inc. (Maryland U.S.), Afiniti (Washington DC, U.S.), GMDH LLC (New York, U.S.), Starmind International AG (Kόsnacht, Switzerland), Neuralware (Pennsylvania, U.S.), Slagkryssaren AB (Stockholm, Sweden), AND Corporation (Ontario, Canada), and Swiftkey (London, U.K.).

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Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
           1.3.3 Currency
           1.3.4 Limitations
    1.4 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Vendor Dive Matrix Methodology
    2.5 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Neural Network Software Market
    4.2 Market: Top End Users
    4.3 Global Market, By Region and End User
    4.4 Lifecycle Analysis, By Region, 2016

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Key Components of the ANN Architecture
    5.3 Market Segmentation
           5.3.1 By Neural Network Component
           5.3.2 By Type
           5.3.3 By Vertical
           5.3.4 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Availability of Spatial Data and Analytical Tools
                    5.4.1.2 Increasing Demand for Predicting Solutions
           5.4.2 Restraints
                    5.4.2.1 Slow Digitization Rate Across Emerging Economies
                    5.4.2.2 Lack of Expertise and Other Operational Challenges
           5.4.3 Opportunities
                    5.4.3.1 Growing Innovation Across End-User Verticals
                    5.4.3.2 Increasing Use of Dnn in IoT
           5.4.4 Challenges
                    5.4.4.1 Difficulty in Training Multilayer Neural Networks

6 Neural Network Software Market Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Neural Network Software: Evolution
    6.3 Neural Network Software: Value Chain Analysis
    6.4 Ecosystem of ANN

7 Neural Network Software Market Analysis, By Component (Page No. - 46)
    7.1 Introduction
    7.2 Neural Network Software
    7.3 Services
    7.4 Platform & Other Enabling Services

8 Neural Network Software Market Analysis, By Type (Page No. - 50)
    8.1 Introduction
    8.2 Data Mining & Archiving
    8.3 Analytical Software
    8.4 Optimization Software
           8.4.1 Genetic Algorithm
           8.4.2 Simulated Annealing
    8.5 Visualization Software

9 Neural Network Software Market Analysis, By Vertical (Page No. - 58)
    9.1 Introduction
    9.2 BFSI
           9.2.1 Use Case
    9.3 Government & Defense
           9.3.1 Use Case
    9.4 Energy & Utilities
           9.4.1 Use Case
    9.5 Healthcare
           9.5.1 Use Case
    9.6 Industrial Manufacturing
           9.6.1 Use Case
    9.7 Media
           9.7.1 Use Case
    9.8 Retail & Ecommerce
           9.8.1 Use Case
    9.9 Transportation & Logistics
           9.9.1 Use Case
    9.10 Telecom & It
           9.10.1 Use Case
    9.11 Others

10 Geographic Analysis (Page No. - 65)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
     10.3 Europe
             10.3.1 U.K.
             10.3.2 Germany
             10.3.3 Russia
             10.3.4 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Australia
             10.4.3 South Korea
             10.4.4 Rest of APAC
     10.5 MEA
             10.5.1 The Middle East
             10.5.2 Africa
     10.6 Latin America
             10.6.1 Brazil
             10.6.2 Mexico
             10.6.3 Rest of Latin America

11 Neural Network Software Market Competitive Landscape (Page No. - 101)
     11.1 Vendor Dive Overview
     11.2 Neural Network Software: MnM Dive – Vendor Comparison
     11.3 Growth Strategies, 2014–2016
     11.4 Competitive Situation and Trends
             11.4.1 Agreements, Partnerships, & Collaborations
             11.4.2 Mergers & Acquisitions
             11.4.3 New Product Launches
     11.5 Major Application Areas Catered to By Key Innovators
     11.6 Geographic Footprint of Key Innovators

12 Company Profiles (Page No. - 110)
(Business Overview, Solutions Offered, Recent Developments, MnM View) *
     12.1 Google
     12.2 IBM
     12.3 Microsoft
     12.4 Oracle
     12.5 Intel
     12.6 Qualcomm
     12.7 SAP

*Details on Bu Business Overview, Solutions Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Key Innovators (Page No. - 131)
     13.1 Alyuda
             13.1.1 Business Overview
             13.1.2 Solutions Offered
             13.1.3 MnM View
                        13.1.3.1 Key Strategies
     13.2 Neural Technologies
             13.2.1 Business Overview
             13.2.2 Solutions Offered
             13.2.3 Recent Developments
             13.2.4 MnM View
                        13.2.4.1 Key Strategies
     13.3 Ward Systems
             13.3.1 Business Overview
             13.3.2 Solutions Offered
             13.3.3 Recent Developments
             13.3.4 MnM View
                        13.3.4.1 Key Strategies
     13.4 Afiniti
             13.4.1 Business Overview
             13.4.2 Recent Developments
             13.4.3 MnM View
                        13.4.3.1 Key Strategies
     13.5 GMDH
             13.5.1 Business Overview
     13.6 Starmind
             13.6.1 Business Overview
             13.6.2 Recent Development
             13.6.3 MnM View
                        13.6.3.1 Key Strategies
     13.7 Neuralware
             13.7.1 Business Overview
             13.7.2 Solutions Offered
             13.7.3 MnM View
                        13.7.3.1 Key Strategies
     13.8 Slagkryssaren
             13.8.1 Business Overview
     13.9 And Corporation
             13.9.1 Business Overview
             13.9.2 Solutions Offered
     13.10 Swiftkey
             13.10.1 Business Overview
             13.10.2 Recent Developments
             13.10.3 MnM View
                        13.10.3.1 Key Strategies

14 Appendix (Page No. - 142)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: MarketsandMarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Related Reports
     14.6 Author Details


List of Tables (72 Tables)

Table 1 Global ANN Market Size, By Component, 2014–2021 (USD Billion)
Table 2 Global ANN Market Size, By Region, 2014–2021 (USD Million)
Table 3 Global Neural Network Software Market Size, By Region, 2014–2021 (USD Million)
Table 4 ANN Market Size, By Component, 2014–2021 (USD Billion)
Table 5 ANN Market Size, By Region, 2014–2021 (USD Billion)
Table 6 Market Size, By Region, 2014–2021 (USD Million)
Table 7 Market Size, By Type, 2014–2021 (USD Million)
Table 8 Data Mining & Archiving: Market Size, By Region, 2014–2021 (USD Million)
Table 9 Data Mining & Archiving: Market Size, By Vertical, 2014–2021 (USD Million)
Table 10 Analytical Software: Market Size, By Region, 2014–2021 (USD Million)
Table 11 Analytical Software: Market Size, By Vertical, 2014–2021 (USD Million)
Table 12 Optimization Software: Market Size, By Region, 2014–2021 (USD Million)
Table 13 Optimization Software: Neural Network Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 14 Visualization Software: Market Size, By Region, 2014–2021 (USD Million)
Table 15 Visualization Software: Market Size, By Vertical, 2014–2021 (USD Million)
Table 16 Market Size, By Vertical, 2014–2021 (USD Million)
Table 17 ANN Market Size, By Region, 2014–2021 (USD Million)
Table 18 North America: Neural Network Software Market Size, By Type, 2014–2021 (USD Million)
Table 19 North America: Data Mining & Archiving Software Market Size, By Vertical 2014–2021 (USD Million)
Table 20 North America: Analytical Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 21 North America: Optimization Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 22 North America: Visualization Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 23 North America: Market Size, By Vertical, 2014–2021 (USD Million)
Table 24 North America: Market Size, By Country, 2014–2021 (USD Million)
Table 25 U.S.: Market Size, By Vertical, 2014–2021 (USD Million)
Table 26 Canada: Market Size, By Vertical, 2014–2021 (USD Million)
Table 27 Europe: Neural Network Software Market Size, By Type, 2014–2021 (USD Million)
Table 28 Europe: Data Mining & Archiving Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 29 Europe: Analytical Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 30 Europe: Optimization Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 31 Europe: Visualization Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 32 Europe: Market Size, By Vertical, 2014–2021 (USD Million)
Table 33 Europe: Market Size, By Country, 2014–2021 (USD Million)
Table 34 U.K.: Neural Network Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 35 Germany: Market Size, By Vertical, 2014–2021 (USD Million)
Table 36 Russia: Market Size, By Vertical, 2014–2021 (USD Million)
Table 37 Rest of Europe: Market Size, By Vertical, 2014–2021 (USD Million)
Table 38 APAC: Market Size, By Type, 2014–2021 (USD Million)
Table 39 APAC: Data Mining & Archiving Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 40 APAC: Analytical Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 41 APAC: Optimization Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 42 APAC: Visualization Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 43 APAC: Neural Network Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 44 APAC: Market Size, By Country, 2014–2021 (USD Million)
Table 45 China: Market Size, By Vertical, 2014–2021 (USD Million)
Table 46 Australia: Market Size, By Vertical, 2014–2021 (USD Million)
Table 47 South Korea: Market Size By Vertical, 2014–2021 (USD Million)
Table 48 Rest of APAC: Market Size, By Vertical, 2014–2021 (USD Million)
Table 49 MEA: Neural Network Software Market Size, By Type, 2014–2021 (USD Million)
Table 50 MEA: Data Mining & Archiving Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 51 MEA: Analytical Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 52 MEA: Optimization Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 53 MEA: Visualization Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 54 MEA: Market Size, By Vertical, 2014–2021 (USD Million)
Table 55 MEA: Market Size, By Sub-Region, 2014–2021 (USD Million)
Table 56 Middle East: Market Size By Vertical, 2014–2021 (USD Million)
Table 57 Africa: Market Size, By Vertical, 2014–2021 (USD Million)
Table 58 Latin America: Market Size, By Type, 2014–2021 (USD Million)
Table 59 Latin America: Data Mining & Archiving Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 60 Latin America: Analytical Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 61 Latin America: Optimization Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 62 Latin America: Visualization Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 63 Latin America: Neural Network Software Market Size, By Vertical, 2014–2021 (USD Million)
Table 64 Latin America: Market Size, By Country, 2014–2021 (USD Million)
Table 65 Brazil: Market Size By Vertical, 2014–2021 (USD Million)
Table 66 Mexico: Market Size, By Vertical, 2014–2021 (USD Million)
Table 67 Rest of Latin America: Market Size, By Vertical, 2014–2021 (USD Million)
Table 68 Agreements, Partnerships, & Collaborations, 2014–2021
Table 69 Mergers & Acquisitions, 2014–2016
Table 70 New Product Launches, 20152016
Table 71 Neural Network Software Mapped to Major Application Areas
Table 72 Neural Network Software Vendors Mapped to Major Geographic Regions


List of Figures (47 Figures)

Figure 1 Markets Covered
Figure 2 Global Neural Network Software Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 ANN Market Snapshot (2016 vs 2021): By ANN Component
Figure 7 Market Snapshot (2016 vs 2021): By Software Type
Figure 8 MEA is Expected to Witness Highest Growth From 2016 to 2021
Figure 9 Growing Number of Unclustered Enterprise Data is Expected to Be A Major Driver for the Market in the Forecast Period
Figure 10 Industrial Manufacturing and Transportation & Logistics Sectors are Expected to Record the Highest Growth Rates in Market During the Forecast Period 2016–2021
Figure 11 North America is Expected to Hold the Largest Market Share in the Neural Network Software Market
Figure 12 Regional Lifecycle: APAC is Expected to Have Been in the Growth Phase in 2015
Figure 13 ANN Architecture
Figure 14 Neural Network Software Market Segmentation: By Component
Figure 15 Market Segmentation: By Type
Figure 16 Market Segmentation: By Vertical
Figure 17 Market Segmentation: By Region
Figure 18 Neural Network Software: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Neural Network Software Evolution From 1950 to 2015
Figure 20 Value Chain Analysis
Figure 21 Neural Network Software Ecosystem
Figure 22 Neural Network Software is Expected to Grow at the Highest CAGR During the Forecast Period in the ANN Ecosystem
Figure 23 Data Mining & Archiving is Expected to Witness the Highest Growth Rate in the Neural Network Software Market From 2016 to 2021
Figure 24 Growth Trends for All Neural Network Software Types During 2016–2021
Figure 25 BFSI Sector is Expected to Hold the Largest Market Share in the Market During the Forecast Period.
Figure 26 Neural Network Software Market in MEA is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 27 North America 2016 Market Snapshot
Figure 28 MEA Market Snapshot
Figure 29 Business Strategy Analysis
Figure 30 Product Offering Analysis
Figure 31 Companies Adopted New Product Launches as the Key Growth Strategy From 2014 to 2016
Figure 32 Mergers & Acquisitions are Expected to Be the Major Mode of Development for Neural Network Software Market
Figure 33 Mergers & Acquisitions Have Been the Key Growth Strategy for Companies During the Period 2014 to 2016
Figure 34 Geographic Revenue Mix of the Top Five Market Companies
Figure 35 Google: Company Snapshot
Figure 36 Google: SWOT Analysis
Figure 37 IBM: Company Snapshot
Figure 38 IBM: SWOT Analysis
Figure 39 Microsoft: Company Snapshot
Figure 40 Microsoft: SWOT Analysis
Figure 41 Oracle: Company Snapshot
Figure 42 Oracle: SWOT Analysis
Figure 43 Intel: Company Snapshot
Figure 44 Intel: SWOT Analysis
Figure 45 Qualcomm: Company Snapshot
Figure 46 SAP: Company Snapshot
Figure 47 SAP: SWOT Analysis


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