The Latin America, Middle East and Africa Deep Learning Market is expected to witness market growth of 36.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Deep Learning Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $13.41 billion by 2031. The Argentina market is showcasing a CAGR of 38.2% during 2024-2031. Additionally, the UAE market would register a CAGR of 35.3% during 2024-2031.
E-commerce platforms such as Amazon and eBay use deep learning to analyze user behaviour and preferences, resulting in personalized product or content recommendations that improve the user experience and boost sales. Retailers implement visual search technology, enabling customers to upload images and find similar products online. For instance, Pinterest’s Lens feature uses deep learning to help users discover items visually.
Deep learning models analyze sensor data from machine to enable proactive maintenance and reduced downtime. These models foresee and prevent failures before they occur, leading to increased operational efficiency and cost savings. In the manufacturing industry, deep learning systems analyze images in real time to inspect products for defects, thereby reducing the necessity for manual inspection and ensuring high quality.
The rising automotive sales in Saudi Arabia present an excellent opportunity for the deep learning market, particularly in areas such as autonomous driving, predictive maintenance, and advanced driver-assistance systems (ADAS). The functionality and safety of vehicles are being improved by the increasing use of deep learning algorithms, which are facilitating the development of features such as real-time traffic forecasting, obstacle detection, and enhanced navigation systems. The Saudi government's initiative to modernize and advance technology has increased demand for innovative solutions that utilize deep learning to improve the overall driving experience and optimize vehicle performance.
The Brazil market dominated the LAMEA Deep Learning Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $13.41 billion by 2031. The Argentina market is showcasing a CAGR of 38.2% during 2024-2031. Additionally, the UAE market would register a CAGR of 35.3% during 2024-2031.
E-commerce platforms such as Amazon and eBay use deep learning to analyze user behaviour and preferences, resulting in personalized product or content recommendations that improve the user experience and boost sales. Retailers implement visual search technology, enabling customers to upload images and find similar products online. For instance, Pinterest’s Lens feature uses deep learning to help users discover items visually.
Deep learning models analyze sensor data from machine to enable proactive maintenance and reduced downtime. These models foresee and prevent failures before they occur, leading to increased operational efficiency and cost savings. In the manufacturing industry, deep learning systems analyze images in real time to inspect products for defects, thereby reducing the necessity for manual inspection and ensuring high quality.
The rising automotive sales in Saudi Arabia present an excellent opportunity for the deep learning market, particularly in areas such as autonomous driving, predictive maintenance, and advanced driver-assistance systems (ADAS). The functionality and safety of vehicles are being improved by the increasing use of deep learning algorithms, which are facilitating the development of features such as real-time traffic forecasting, obstacle detection, and enhanced navigation systems. The Saudi government's initiative to modernize and advance technology has increased demand for innovative solutions that utilize deep learning to improve the overall driving experience and optimize vehicle performance.
List of Key Companies Profiled
- Advanced Micro Devices, Inc.
- Arm Limited (SoftBank Group Corp.)
- NVIDIA Corporation
- Clarifai, Inc.
- Google LLC
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Samsung Electronics Co., Ltd. (Samsung Group)
Market Report Segmentation
By Solution- Software
- Hardware
- Graphics Processing Unit (GPU)
- Central Processing Unit (CPU)
- Field Programmable Gate Array (FPGA)
- Application-Specific Integration Circuit (ASIC)
- Services
- Integration Services
- Installation Services
- Maintenance & Support Services
- Image recognition
- Voice Recognition
- Video Surveillance & Diagnostics
- Data Mining
- Aerospace & Defense
- Healthcare
- Automotive
- Retail
- Other End-use
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Deep Learning Market by Solution
Chapter 6. LAMEA Deep Learning Market by Application
Chapter 7. LAMEA Deep Learning Market by End-use
Chapter 8. LAMEA Deep Learning Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this LAMEA Deep Learning Market include:- Advanced Micro Devices, Inc.
- Arm Limited (SoftBank Group Corp.)
- NVIDIA Corporation
- Clarifai, Inc.
- Google LLC
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Samsung Electronics Co., Ltd. (Samsung Group)
Methodology
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