Artificial neural networks market to reach $1.3 bn by 2030

Global Artificial Neural Networks Market to Reach $1.3 Billion by 2030, according to Research and Markets.

In the changed post COVID-19 business landscape, the global market for Artificial Neural Networks estimated at US$568.7 Million in the year 2022, is projected to reach a revised size of US$1.3 Billion by 2030, growing at a CAGR of 11.4% over the analysis period 2022-2030. Image Recognition, one of the segments analyzed in the report, is projected to record a 11% CAGR and reach US$507.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Signal Recognition segment is readjusted to a revised 11.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $169.7 Million, While China is Forecast to Grow at 10.3% CAGR
The Artificial Neural Networks market in the U.S. is estimated at US$169.7 Million in the year 2022. 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 10.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.9% and 9.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.

Research and Markets