Lucintel anticipates that Asia Pacific will be the fastest growing region in the deep learning market

   October 21, 2019
According to a new market report by Lucintel, the future of the deep learning market looks promising with opportunities in the healthcare, security, retail, automotive, manufacturing, and financial technology (fintech) sectors. The deep learning market is expected to grow with a CAGR of 25% from 2019 to 2024. The major drivers for this market are increasing demand for virtual assistance for easy accessibility of services and growing adoption of cloud-based technology.

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In this market, image recognition, signal recognition, data mining, recommender system, and drug discovery are the major applications segment. Image recognition is the largest segment due to increasing demand in security industries.

Within the deep learning market, security, healthcare, retail, automotive, and financial technology (fintech) are the major end use industries. Lucintel forecasts that security will remain the largest segment due to the increasing demand for deep learning in the image recognition market. Hardware, software, and services are the major offering types of the deep learning market.

Asia Pacific will remain the largest region over the forecast period. Amazon Web Services (AWS), Google, IBM, Intel, Micron Technology, Microsoft, Nvidia, Qualcomm, Samsung Electronics, and Sensory are among the major suppliers in this market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the deep learning market by application, end use industries, offering, and region. Lucintel has prepared a comprehensive research report entitled “Deep Learning Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the deep learning market by application, end use industries, offering, and region as follows:

By Application [$M shipment analysis for 2013 – 2024]: 

  • Image recognition

  • Signal recognition

  • Data mining

  • Others (recommender system and drug discovery)

By End Use Industry [$M shipment analysis for 2013 – 2024]:

  • Media and Advertising

  • Security 

  • Automotive

  • Healthcare

  • Retail

  • Fintech (Financial Technology)

  • Manufacturing

  • Others

By Offering [$M shipment analysis for 2013 – 2024]: 

  • Hardware

    • Processor 

    • Memory

    • Network

  • Software

  • Service 

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

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