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The global deep learning market is expected to grow at an impressive CAGR in the forecast period, 2023-2027. This growth is attributed to the reduction in hardware costs, improvement of computational power, and rise in adoption of cloud-based technology. Deep learning is a subset of machine learning which involves a neural network with three or more layers. It learns by processing data and recognizing patterns in the data. The market is segmented by offering (Hardware, Software, and Services), by application (Image Recognition, Signal Recognition, and Data Mining), by end-user industry (Healthcare, Retail, Automotive, Security, Manufacturing, and Others), by architecture (RNN, CNN, DBN, DSN, and GRU), and by region.
