Deep Learning Market To Reach $406 Billion, Globally, By 2032 At 37.8% Cagr: Allied Market Research

The global deep learning market is expected to generate $406 billion by 2032, witnessing a CAGR of 37.8% from 2023 to 2032. Deep learning algorithms excel at efficiently handling numerous repetitive and routine tasks, often surpassing human capabilities. Factors positively affecting the deep learnings market include improving computing power, declining hardware cost, and increasing adoption of cloud-based technology. However, increasing complexity in hardware due to complex algorithm used in technology and lack of technical expertise & absence of standards and protocols hampers the market growth.