Allied Market Research

Deep Learning Market Expected to Reach $179.96 Billion by 2030


Report Code : A05450

quote The service segment is expected to experience fastest growth in the coming years, owing to rise in adoption of various types of services such as installation service, maintenance services and other among various industry vertical across the globe. quote

Pramod Borasi
Senior Research Analyst at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       

According to a recent report published by Allied Market Research, titled, “Global Deep Learning Market by Component, Application and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global deep learning market size was valued at $6.85 billion in 2020, and is projected to reach $179.96 billion by 2030, registering a CAGR of 39.2% from 2021 to 2030.

Deep learning has an ability to generate new advanced features from limited available resources of training data sets. Furthermore, improving computing power, declining hardware cost, and increasing adoption of cloud-based technology propel growth of the global deep learning market. In addition, deep learning usage in big data analytics positively impacts growth of the market. However, increasing complexity in hardware, owing to complex algorithm used in technology and lack of technical expertise & absence of standards and protocols hamper the market growth. On the contrary, cumulative spending in healthcare, travel, tourism, and hospitality industries is expected to offer remunerative opportunities for expansion of the market during the forecast period.

Depending on component, the software segment holds the largest share of the market. This is attributed to increase in adoption of software solutions in various applications, such as smartphone assistants, ATMs that read checks, voice & image recognition software on social network, and software that serves up ads on many websites. However, the service segment is expected to grow at the highest rate during the forecast period, owing to rise in adoption of various types of services such as installation service, maintenance services and other by the major industries propels growth of the market.

Region wise, the deep learning market was dominated by North America in 2020, and is expected to retain its position during the forecast period, owing to growth in funding in artificial intelligence and neural networks in the region. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to adoption of deep leaning technology in electronic products, such as smartphones, tablets, and PCs. It is also used in medical and automotive products in developing countries such as India and China is expected to drive the deep learning market in Asia-Pacific.

The outbreak of COVID-19 is anticipated to have a positive impact on growth of deep learning market. This is attributed due to rising digital transformation various governments have introduced stringent regulations to protect end users data such as General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) which is driving the growth of the market. Thus, with this new governments in various countries have taken strict actions toward the defaulters of COVID-19 regulation and natural language processing technology is helping financial institutes to scan their internal policies as well as claims documents to check their compliance with different regulatory policies.

Key Findings Of The Study

  • By offering, the software segment accounted for the largest deep learning market share in 2020.
  • Region wise, North America generated highest revenue in 2020.
  • Depending on application, the data mining generated the highest revenue in 2020.

The key players profiled in the deep learning market analysis are Advanced Micro Devices Inc, Amazon Web Services, Inc., Google LLC, IBM Corporation, Intel Corporation, Microsoft Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc., Samsung, and Xilinx. These players have adopted various strategies to increase their market penetration and strengthen their position in the deep learning industry.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975



For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at


First time buyer?
Check offers and discount on this report
To get this report

Click Here

quote Deep Learning Market by Component (Hardware, Software and Service), by Application (Image Recognition, Signal Recognition, Data Mining, and Others) and by Industry Vertical (Security, Marketing, Automotive, Retail & E-Commerce, Healthcare, Manufacturing, Law, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 4,331 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.


Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers


Featured Readings


Published Date Jan 2021

Surgical Equipment Market

Download Sample

Published Date Nov 2020

Medical Implant Market

Download Sample

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

Get Industry Data Alerts

Buy Full Version
"Deep Learning Market"
Purchase Enquiry