Neural Network Software Market Outlook 2026: Technological Advancement, Business Trends, Industry Insights & Opportunity Evaluation 2019-2026 – Top Key Vendors: Google Inc., IBM Corporation, Microsoft Corporation, & etc.

The global neural network software market is expected to grow at a CAGR of 33.5% during the forecast period, 2019–2026. A neural network, also known as an artificial neural network, falls under the umbrella of artificial intelligence. It mimics the human brain learning process to extract patterns from historical data.

The analytical software segment is projected to hold significant market share among other type segments in the global neural network software market on account of government organizations increasingly using surveillance systems for investigations.

Data continues to diversify and change compelling organizations to embrace predictive analytics. The incorporation of Artificial Neural Network Technology (ANN) in the healthcare sector is proven to be beneficial. For instance, in September 2019, researchers of Organizational Neuroscience at the University of Surrey, developed a neural network approach which can accurately identify congestive heart failure with 100% accuracy through analysis of just one raw electrocardiogram (ECG) heartbeat by using Convolutional Neural Networks (CNN).

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The Major Players Covered in this Report: Google Inc., IBM Corporation, Microsoft Corporation, Intel Corporation, Oracle Corporation, SAP SE, Qualcomm Technologies Inc., Neural Technologies Ltd., Ward Systems Group, Inc., Neuralware, and Slagkryssaren AB., & More...

By Component, Software, Service
By Type, Data Mining and Archiving, Optimization Software, Analytical Software, Visualization Software
By Industry, IT & Telecommunication, BFSI, Retail, Healthcare, Government and Defense, Others

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Neural Network Software in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Neural Network Software market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Neural Network Software and a major exporter of the product to various countries across the globe.

Recent Development:
1.) In September 2019, Infineon announced a partnership with Synopsys to develop AI chips for automotive applications

2.) In August 2019, H2O.ai raised USD 72.5 million in Series D funding, led by Goldman Sachs and Ping An with participation from Wells Fargo, NVIDIA, and Nexus Venture Partners. The company plans to utilize this fund to accelerate innovation & expand sales and marketing across the globe

3.) In March 2019, Tableau announced a partnership with VoiceBase to transform the use of speech analytics data, enabling the users to uncover data insights and extend the benefits of speech analytics beyond the contact center

4.) In May 2018, Hewlett Packard Enterprise (HPE) joined the Open Neural Network Exchange (ONNX) — a group that promotes the adoption and creation of open standards to represent deep learning models. The company aimed to contribute its expertise in machine learning software and hardware to an industry-standard neural network exchange format

5.) In September 2018, Microsoft announced a partnership with SRL Diagnostics to expand its AI network for healthcare to pathology. This collaboration would enhance the quality of digital pathology for population screening by the integration of Microsoft’s Azure and AI alongside SRL’s expertise in the study of cells and tissues

6.) In November 2016, Hikvision announced a partnership with Movidius to introduce neural networks to video surveillance cameras

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