Neural Network Software Market to Grow at Robust CAGR by 2027

Due to its technological improvement for data analysis by decreasing the time and cost in many organisations, neural network software is rising quickly in the market.

Neural network software is frequently utilised in various businesses for business applications like risk assessment or fraud detection. Trading, financial operations, product maintenance, and business analytics are key areas where neural network software applications are deployed.

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Neural Network Software Market: Drivers and Challenges

The development of data archiving technologies to arrange the massive volume of disorganised data produced by various end users is the main factor driving the growth of the neural network market.

The market for neural network software is also being driven by the rise in demand for forecasting solutions and the use of digital technology.

However, the slow rate of digitization in developing economies, a lack of technological know-how, and operational difficulties are the main factors impeding the growth of the neural network software industry.

Neural Network Software Market: key players

Some of the key players for Neural Network Software Markets are Afiniti, Alyuda Research, Llc, GMDH, Llc, Google Inc, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Neural Technologies Limited, Neuralware, Oracle Corporation, Qualcomm Technologies, Inc., Sap Se, Slagkryssaren Ab, Starmind International Ag, Swiftkey, Ward Systems Group, Inc.

Neural Network Software Market Segments