The North America Deep Learning Market is expected to witness market growth of 33.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $178.27 billion by 2031. The Canada market is experiencing a CAGR of 36.3% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 35.3% during 2024-2031.
The adoption of deep learning technologies has been accelerating across industries and is driven by several key trends. Organizations leverage edge computing to run deep learning algorithms closer to data sources, enabling real-time decision-making.
Moreover, this is especially pertinent in industries such as manufacturing, where machines can rapidly analyze data to facilitate predictive maintenance. The rise of IoT devices equipped with deep learning capabilities transforms various applications, from smart home automation to industrial IoT solutions, enhancing user experiences through intelligent insights.
The increasing budget in the Canadian aerospace sector is significantly influencing the growth of the deep learning market in Canada. The Government of Canada has allocated a budget of $250 million for the coming years. This initiative is administered by Canada’s regional development agencies (RDAs) and aims to provide robust support for the aerospace industry, especially due to the challenges posed by the COVID-19 pandemic.
The US market dominated the North America 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 $178.27 billion by 2031. The Canada market is experiencing a CAGR of 36.3% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 35.3% during 2024-2031.
The adoption of deep learning technologies has been accelerating across industries and is driven by several key trends. Organizations leverage edge computing to run deep learning algorithms closer to data sources, enabling real-time decision-making.
Moreover, this is especially pertinent in industries such as manufacturing, where machines can rapidly analyze data to facilitate predictive maintenance. The rise of IoT devices equipped with deep learning capabilities transforms various applications, from smart home automation to industrial IoT solutions, enhancing user experiences through intelligent insights.
The increasing budget in the Canadian aerospace sector is significantly influencing the growth of the deep learning market in Canada. The Government of Canada has allocated a budget of $250 million for the coming years. This initiative is administered by Canada’s regional development agencies (RDAs) and aims to provide robust support for the aerospace industry, especially due to the challenges posed by the COVID-19 pandemic.
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
- US
- Canada
- Mexico
- Rest of North America
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. North America Deep Learning Market by Solution
Chapter 6. North America Deep Learning Market by Application
Chapter 7. North America Deep Learning Market by End-use
Chapter 8. North America Deep Learning Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this North America 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
LOADING...