Deep learning teaches computers to process data like the brain. Machine learning includes deep learning. Deep learning uses three-layer neural networks. Despite their inefficiency, these neural networks attempt to resemble the human brain. They "learn" from lots of data. Adding hidden layers to a neural network can improve accuracy. Deep learning powers numerous AI-powered apps and services that automate analytical and physical tasks. Deep learning makes self-driving cars, digital helpers, voice-enabled TV remotes, and credit card fraud detection. Deep learning can recognize faces, identify signals, predict weather, create Google Maps, locate viruses, and more. These factors will boost the industry in the coming years. The IoT may enhance global deep learning market growth in 2020–2027. IoT will grow markets in the future. Companies now have lots of data. Big data, the cloud, social media, and other mobile services that connect people are worsening cyberattacks. Social media, cloud, and other apps have raised the possibility of insider assaults, which can cost IT companies a lot. Deep learning security helps firms avoid data loss. Social media, search, sales, and marketing automation drive the industry. However, software complexity and a lack of qualified workers may slow deep learning market growth. Complex IT infrastructure and costly IT talent impede deep learning market growth. Model management and application integration require hardware, software, and system integration competence. Professionals cost extra. These factors will slow projected market growth.
Globally, the Deep Learning Market is anticipated to witness a CAGR of 25.8% from 2020 to 2027.
Leading Companies in the Deep Learning Industry:
1. Intel Corporation
Intel Corporation was founded in 1968 and headquartered in California, United States. It has 170 office locations and in countries China, Mexico, Singapore, Turkey, United Arab Emirates, United Kingdom. The International Conference on Learning Representations (ICLR) is a global AI conference focused on representation learning or deep learning. Kigali will host the 2023 conference from May 1–5. Intel Labs proudly presents its model linearization and graph learning advances at this year's conference.
2. Micron Technology, Inc
Micron Technology, Inc is an American manufacturer of computer memory and data storage, including DRAM, flash memory, and USB flash devices, was founded in 1978 and headquartered in Idaho, United States. It operates from the head office and the 14 office and retail locations located throughout the US.
3. IBM Corporation
IBM Corporation is an American multinational technology corporation, was founded in 1911 and headquartered in New York, United States. It operates in 170 countries. In March 2023, IBM has been named a Leader for the second consecutive year in the 2023 Gartner® Magic QuadrantTM for Enterprise Conversational AI Platforms.
4. Google Inc.
Google Inc. focuses on artificial intelligence, online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, and consumer electronics, was founded in 1998 and headquartered in California, United States. It operates in more than 41 countries. Google announced PaLM2 in May 2023, a language model of the next iteration with enhanced multilingual, reasoning, and coding capabilities.
5. Microsoft
Microsoft was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800, and headquartered in Washington, United States. It operates in more than 100 countries worldwide. In May 2023, Microsoft Build places AI tools front and center for developers.
6. Facebook, Inc
Facebook, Inc. is a social networking service that was first introduced as FaceMash on October 28, 2003, before rebranding as The Facebook on February 4, 2004(founded) and headquartered in. It operates and locations across 35 countries. In May 2023, Meta (Facebook) plans to utilize generative AI in order to revolutionize advertising, chat image generation and natural language processing.
7. Samsung Electronics Co., Ltd
Samsung Electronics Co., Ltd is a South Korean multinational electronics corporation headquartered in Suwon, South Korea, was founded in 1969and headquartered in. It operates in 74 countries.
8. Apple, Inc.
Apple, Inc. is an American multinational technology company, was founded in 1976 and headquartered in California, United States. It operates in 175 countries around the world. In Feb 2023, recent advancements in artificial intelligence have captured the focus of the business community, and Apple CEO Tim Cook has stated that he intends to further integrate AI into the company.
9. Wipro Limited
Wipro Limited is an Indian multinational corporation that provides information technology, consultant and business process services, was founded in 1945 and headquartered in New Jersey, United States. It operates in 66 countries.
Definition: Deep Learning a type of machine learning based on artificial neural networks in which multiple layers of processing are used to extract progressively higher level features from data.
