Deep Learning Software Market

Deep learning software is used to develop models for artificial intelligence and machine learning. There are two categories: deep learning libraries and platforms. Deep learning libraries are used to train the model, whereas deep learning platforms are used to deploy the model.

During the period 2018–2031, the market for deep learning software is anticipated to expand at a CAGR of roughly ** %. This market is primarily driven by the expanding use of deep learning in industrial and commercial settings.

Due to factors such as the high cost of equipment, the low adoption rate, and the lack of skilled labor, this market's growth is impeded by several obstacles. Despite this, it is anticipated that these limitations will be eliminated over the next few years as more companies enter the market with affordable and scalable deep-learning software solutions.

During the time frame of the forecast, the deep learning software market is expected to grow the most in the Asia-Pacific region. This growth is caused by several things, such as more demand from a wide range of industries, more investment in artificial intelligence (AI) and big data, and more businesses using deep learning techniques.

Microsoft Corporation (United States), Google Inc. (United States), IBM Corporation (United States), NVIDIA Corporation (United States), Baidu Inc. (China), and Intel Corporation are some of the major players in the deep learning software market (US).