Global Artificial Neural Networks Market to Reach $1.3 Billion by 2030
The global market for Artificial Neural Networks estimated at US$688.3 Million in the year 2023, is expected to reach US$1.3 Billion by 2030, growing at a CAGR of 10.1% over the analysis period 2023-2030. Image Recognition Application, one of the segments analyzed in the report, is expected to record a 9.7% CAGR and reach US$507.4 Million by the end of the analysis period. Growth in the Signal Recognition Application segment is estimated at 10.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $208.9 Million, While China is Forecast to Grow at 9% CAGR
The Artificial Neural Networks market in the U.S. is estimated at US$208.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$223.9 Million by the year 2030 trailing a CAGR of 9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.7% and 8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR.
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