Deep Learning Software Revenue Will Grow from $3 Billion in 2017 to $67.2 Billion Annually by 2025


Deep learning is a buzzword that has been hyped by the business and technical press for years, often with relatively meager results that failed to live up to expectations. But over the past 18 months, according to a new report from Tractica, the true power of deep learning has been realized, thanks to advances in hardware and algorithms that use pattern recognition applied in a continuous learning loop, enabling them to train themselves to perform tasks without requiring explicit programming code. The sheer power of deep learning, however, is likely to lead to the development of more powerful and disruptive applications of tomorrow, such as driverless cars, personalized education, and preventative healthcare. Tractica forecasts that, with this expanding set of applications, the worldwide deep learning software market will grow from $3 billion in 2017 to $67.2 billion by 2025. "Deep learning has been a key point of focus for many companies, given its potential to transform entire industries," says principal analyst Keith Kirkpatrick.