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Showing posts with the label Deep Learning Market Trends

Rapid Shift to Cloud Computing To Augment Deep Learning Solution Demand

Automotive, healthcare, retail, manufacturing, and banking, financial services, and insurance (BFSI) companies around the world are increasingly adopting cloud computing platforms, as they offer hosted data storage solutions, which help organizations in substantial cost savings. Cloud computing serves as an ideal platform for deep learning algorithms, as the architecture provides support for scalability and virtualization and offers storage for a large volume of structured and unstructured data. Deep learning-enabled cloud platforms define the ability of a network, processor, or system to manage a huge volume of data efficiently. Thus, the increasing adoption of cloud computing platforms in end-use industries will help the deep learning market advance at an exceptional CAGR of 35.2% during 2020–2030. According to P&S Intelligence, the market revenue stood at $3.7 billion in 2019 and it will reach $102.4 billion by 2030. Additionally, the mounting investments being made by public an...