Deep Learning Ecosystem Also known as deep structured learning and hierarchical learning, deep learning is basically a subset of machine learning in AI (Artificial Intelligence). It is based on artificial neural networks that resemble the human brain and have the capability to learn unsupervised from unstructured or unlabeled data. AI and deep learning are evolving constantly, transforming almost every single industry on its way.
The main strength of deep learning is its ability to extract relevant information and patterns from unstructured data. Organizations and industries have realized the potential that can result from unraveling the huge pool of data generated by sources like internet search engines, e-commerce platforms, and social media platforms, among others.
Deep learning has found application in fields like computer vision, natural language processing, speech recognition, audio recognition, bioinformatics, social network filtering, drug design, cybersecurity, autonomous vehicles, etc., across key industries like BFSI, healthcare, retail, automotive, and aerospace & defense, among others. The application of deep learning will benefit these industry verticals in terms of cost and time savings and improved overall efficiency.
In the coming years, these and other sectors are expected to intensify the implementation of deep learning and increase their research and development activities in this field. This is going to have a groundbreaking impact on the entire Deep Learning Market. Sectors like retail, automotive, BFSI, healthcare, and telecom are expected to witness revolutionary changes due to this. The entire Deep Learning Market is set to witness exceptional growth with a CAGR of over 30% during 2019 to 2023.
As of now, the US has secured the topmost spot in terms of investments in AI & Deep Learning Market. In 2018, the country attracted the highest investment in AI & deep learning across the globe, with more than 50% share in total investment. Another country that has attracted significant investment in AI & Deep Learning Market is China.
Cybersecurity and autonomous vehicles are two major areas wherein deep learning will play an increasingly important role. With the growing volume of data, cyber-attacks have witnessed a sharp rise. For example, data breaches have increased by up to 4 times since 2016, while supply chain attacks increased by about 78% in 2018. Consequently, there has been unprecedented growth in investments in cybersecurity and defense, which in turn, has raised the demand for deep learning solutions.
Similarly, the development of self-driving or autonomous cars will have a huge impact on the Deep Learning Market. Automotive giants have been undertaking huge investments for developing autonomous vehicles, and this will have a far-reaching effect on the Deep Learning Market in the coming years. Companies like Volvo Group and the Renault-Nissan-Mitsubishi alliance are undertaking ambitious projects to develop autonomous vehicles, thereby fueling the growth of the Deep Learning Market.
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