Deep Learning Market Growth Rate, Developments In Major Areas, Market Size, Dynamics, Opportunities, & Forecast With Demographic Data Till 2030

The global deep learning market attained a valuation of $3.7 billion in 2019 and is predicted to generate a revenue of $102.4 billion in 2030, advancing at a CAGR of 35.2% from 2020 to 2030. Out of all the industries, the healthcare industry will observe the highest adoption of deep learning solutions in the future years. 

This is ascribed to the growing integration of various advanced technologies such as big data, machine learning (ML), and deep learning in the healthcare applications, mainly to support the medical researchers and professionals in data collection and analysis for improved medical outcomes. 

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A major trend currently being observed in the deep learning market is the increasing incorporation of deep learning solutions in the medical industry. These solutions help healthcare researches gain better insights into the medical properties and benefits of various drugs and compounds. In addition to this, this technology helps the caregivers better analyze the medical history of patients so that the best treatment plans can be prescribed to them. 

Moreover, these solutions can also be incorporated along with various medical imaging methods such as CT scans, ECG, and MRI scans for the effective diagnosis of many critical diseases and disorders, which, in turn, helps in the better treatment of these diseases.

Under the component segmentation of the deep learning market, the main categories are hardware, software, and service. Out of these, the software category will demonstrate the fastest growth in the market in the coming years. This is attributed to the growing adoption of scalable deep learning solutions and software by businesses for signal recognition, image recognition, voice assistance, and various other applications. 

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The image recognition category recorded the highest growth under the application segmentation of the deep learning market during the last few years. This is ascribed to the enormous requirement of deep learning solutions in image recognition applications, on account of their ability to assist users in the detection and identification of objects and analysis of digital images. 

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Why will Demand for Animal Healthcare Swell in Asia-Pacific (APAC) in Coming Years?

Since the last few years, there has been a tremendous rise in milk and meat consumption across the globe. This is mainly due to the increasing population, rising per capita income of people, and changing lifestyle choices. In addition to this, the increasing public awareness of health and nutrition and the rising popularity of healthy eating habits have caused a drastic surge in the consumption of various protein-rich foods such as milk, meat, and eggs. These factors have led to a tremendous rise in animal farming, which has, in turn, pushed up the requirement of proper animal healthcare methods.

The other major factors propelling the demand for animal healthcare solutions are the increasing requirement of meat in countries such as China, the U.S., Brazil, and Japan and the rising concerns raised over the transmission of various animal diseases to human beings. Apart from these factors, the mushrooming adoption of pets is also boosting the demand for proper animal healthcare techniques. Pet adoption is rapidly becoming very popular in many countries, mainly because of the ability of the companion animals to provide emotional comfort and happiness to their human friends.

“According to an American Pet Products Association 2008 survey, dog and cat owners in the U.S. were observed to be healthier and happier, as compared to non-pet owners. Moreover, Americans spent over $69.5 billion on their pets in 2017”. Due to these factors, the global animal healthcare market is predicted to exhibit substantial growth in the forthcoming years. The market is divided, on the basis of product, into vaccines, anti-inflammatories, anti-infectives, parasiticides, and feed additives. Amongst these, the feed additives category had the highest share in the market, generating a revenue of more than 40% in 2017.

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The feed additives category will hold the highest share in the animal healthcare market in the future years, due to the increasing production of feed and the rising consumption of various animal-derived food items and products across the world. Animal healthcare is required by both companion and farm animals. Between the two, the adoption of animal healthcare solutions was found to be higher for farm animals during the last few years. This is ascribed to the large-scale adoption of these animals for meeting the high customer demands forvarious animal-sourced food items all over the globe.

Globally, the Asia-Pacific (APAC) animal healthcare market will be the most lucrative in the years to come, as per the forecast of P&S Intelligence, a market research company based in India. China is predicted to register the fastest growth in the APAC market over the next few years, owing to the increasing requirement of animal-based food items and the surging livestock population in the country. The country was the largest livestock producer and consumer in the world in 2016, with a livestock population consisting of over 400 million goats, sheep, and cattle.

Hence, as the demand for animal-based food items and other products increases all over the world, the requirement of animal healthcare methods and solutions will also surge throughout the world in the coming years. 

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Why will Sales of Dry Shampoo Boom in Asia-Pacific (APAC) in Future?

Dry shampoo is basically a type of shampoo that reduces the greasing of hair and cleans it without requiring much water. It is usually available in two forms namely aerosol spray and powder. The shampoo absorbs the oil and grease present in the hair and on the scalp and makes the hair look fresh and shiny. There has been a rapid expansion of the global dry shampoo industry over the last few years, mainly because of the increasing popularity of the product, especially amongst the working-class people because of its lower water requirements.

Working-class people need regular hair washes, as they usually work in dry and dusty work areas and frequently travel between different places. The regular usage of liquid shampoo will make their hair weak and dull. Furthermore, the increasing consciousness amongst people regarding looks and appearance has created a huge requirement of alternative hair care solutions such as dry shampoos. This shampoo eliminates the need for frequent hair washes, which generally lead to hair loss and scalp problems, and add texture and volume to the hair.

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Apart from eliminating the need for frequent hair washes, dry shampoo also acts as an instant hairstyling solution that allows users to reduce the time taken for washing and styling their hair. Furthermore, the development of dry shampoo products such as tinted dry shampoo, glitter dry shampoo, and dry shampoo texture sprays is massively contributing toward the soaring popularity of dry shampoo all over the world. In addition to this, the growth of many e-commerce platforms and the aggressive advertising campaigns launched by the dry shampoo producing companies are also boosting the sales of these products throughout the world.

The rising public awareness of the harmful effects of chemical hair solutions and the easy availability of various dry shampoo products on e-commerce platforms are the other important factors responsible for their surging sales across the world. Nowadays, people are preferring to use natural hair care products over chemical-based ones. Hence, with the growing usage of these products, the global dry shampoo market will exhibit rapid progress in the forthcoming years.

Gluten free, all natural, and paraben free are the most commonly used types of dry shampoo around the world. Out of these, the usage of the paraben free shampoo was found to be the highest in 2016. Moreover, the sales of these products are predicted to be rise steeply in the coming years. Based on form, the dry shampoo market is divided into powder and spray categories. Of these, the spray category registered higher growth in the market over the last few years and is predicted to record higher growth in the future years as well.

The popularity of the spray dry shampoos has increased tremendously in recent times. This is because of the ability of these products to make the hair look stylish and shiny without washing. Moreover, these products are very handy and simple to use and are thus rapidly replacing the conventional shampoos. Globally, the highest usage of dry shampoo products was observed in North America in the past. However, in the coming years, the Asia-Pacific (APAC) dry shampoo market will be the most lucrative, according to the forecast of the market research firm, P&S Intelligence.

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The main factors driving the advancement of the market in the APAC region are the increasing requirement of anti-hair fall and anti-dandruff dry shampoos, the rapid expansion of the cosmetics and hair care industry, the rising usage of hair care and styling products, and the swift growth of many retail channels in the region. In addition to this, the region is witnessing a drastic shift in fashion trends, which is contributing heavily toward the surge of the market in the region.

Hence, the market will demonstrate stable growth in the coming years, primarily due to the various advantages of dry shampoo over regular shampoo and the increasing requirement of advanced hair care and styling products across the world.

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Driving Demand for Microdisplays Growing due to Rising Penetration of Smartphones

Advanced driver assistance systems (ADAS) are increasingly being integrated in both commercial and passenger vehicles, which can be owing to the rising need for safety on roads. The automotive industry has been focusing widely on enhancing the safety features of vehicles for providing drivers with improved driving experience and making roads safer and more secure. 

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Moreover, governments of several countries have also implemented various policies that mandate vehicles to have certain safety systems. All these factors are leading to the growing adoption of heads-up displays (HUD) for displaying important driving-related information and convenience. HUDs are a product type of microdisplays, which is a display that has a very small screen, usually less than 2 inches diagonal. 

The microdisplay market is expected to generate a revenue of $4.0 billion by 2030, increasing from $1.0 billion in 2019, and is projected to advance at a 13.4% CAGR during the forecast period (2020–2030). In terms of technology, the market is categorized into digital light processing, liquid crystal display, OLED, and liquid crystal on silicon.

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Owing to the growing adoption of these displays, the global microdisplay market is predicted to progress at a considerable rate in the years to come. These days, the utilization of organic light-emitting diode (OLED) microdisplays demand has been growing rapidly as well. These displays are increasingly being utilized in consumer electronics, particularly virtual reality devices, as they have a compact size, high resolution, and better picture quality than traditional display technologies. 

Among all these, the OLED category is projected to advance at the fastest pace during the forecast period. This is owing to the growing utilization of OLED microdisplays in televisions, smartphones, and other consumer appliances. Moreover, the demand for smartphones is surging across the globe, which is further driving the demand for OLED microdisplays.

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COVID-19 Impact Analysis on AI in Healthcare Industry. Insights on Strategies of Key Players

The global AI in healthcare market is expected to observe an extensive growth in the coming years, led by growing need for precision medicine, increasing application of big data in healthcare industry, and rising need for coordination between healthcare workforce and patients. 

Deep learning, natural language processing (NLP), querying method and context aware processing are some of the technologies used for AI in healthcare. The demand for NLP in healthcare has been growing mainly due to rise in unstructured clinical data. Since NLP technology extracts important clinical information from unstructured data and analyze it for enhancing processing and analytics.

The key factors that drive the growth of the industry include rise in need for coordination between healthcare workforce and patients, increasing application of Big Data in healthcare industry, ability of AI to improve patient outcomes, growing demand for precision medicine and increase in venture capital investments.

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With the increasing use of big data in healthcare sector, the vast amount of data can be stored systematically, as big data makes it easier for hospital staff to work efficiently. In order to monitor blood pressure, heartbeat and respiratory rate sensors are used besides patient beds which alert the doctors and hospital staff if any change is observed in the patient condition. Big data also help to fight cancer and mapping the 3 billion DNA base pairs during treatment of cancer. Big data improves hospital administration by reducing the cost of care measurement and provide best clinical support.

North America leads the global market due to presence of major AI providers including Intel Corporation, Google, Inc., IBM Corporation in the region. Other factors leading the market growth include, developed healthcare infrastructure, and growing aging population. Asia-Pacific is expected to witness the fastest growth during the forecast period. Increasing healthcare expenditure, continuously improving healthcare infrastructure due to growing medical tourism and growing aging population are the factors expected to support the growth of the Asia-Pacific AI in healthcare market.

Key players in the global AI in healthcare market include Intel Corporation, IBM Corporation, Microsoft Corporation, Google, Inc., General Electric Company, NVIDIA Corporation, Medtronic Plc, Koninklijke Philips N.V., iCarbonX, Next IT Corp., Welltok, Inc., General Vision, Inc, Recursion Pharmaceuticals, Enlitic, Inc. Stryker Corporation, Deep Genomics, Inc., and Oncora Medical, Inc.

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APAC Low Speed Electric Vehicle Market With the Best Scope, Trends, Benefits, Opportunities to 2025

The Asia-Pacific (APAC) low speed electric vehicle (LSEV) market is predicted to progress at a CAGR of 6.6% from 2018 to 2025 and expand to 71.8 million units in 2025, as per the market research company, P&S Intelligence. The main factors propelling the growth of the market are the rising measures and initiatives being taken by the governments of many APAC countries, the increasing public awareness of environmental degradation caused because of the usage of oil and gas-powered vehicles, and the implementation of strict emission norms in several APAC countries.

A major factor fueling the advancement of the market is the increasing focus of the governments of many APAC nations on reducing their expenditure on crude oil imports. The adoption of LSEVs is one of the best methods for mitigating the costs of crude oil imports. Furthermore, the LSEVs are eco-friendly and have lower operational costs than the conventionally used oil and gas-powered automobiles. Due to these factors, the public transport organizations in the APAC countries are rapidly adopting these vehicles in their transport fleets.

The other key factors boosting the growth of the low speed electric vehicle in apac market are the increasing awareness amongst the public of the environmental degradation caused due to the large-scale utilization of the conventional vehicles and the rapid urbanization in various APAC nations, especially India and China. Furthermore, the governments of APAC nations are providing subsidies, tax rebates, and grants on the purchase of low speed electric vehicles, which is, in turn, causing a rapid expansion of the market.

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Till now, the APAC LSEV market recorded the highest growth, in both volume and value, in China. This is ascribed to the presence of numerous favorable government regulations and policies for the adoption of low speed electric vehicles in the country. Additionally, the soaring urban population and the existence of prominent market players in the country contributed significantly to the surge of the market in the country over the past few years.

Thus, with the growing implementation of favorable government regulations for the sale of electric vehicles and the increasing customer preference for eco-friendly modes of transportation, the market will exhibit stable growth in the future years.

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Rising Demand for GIS solutions in Transportation Sector Driving the GIS Market

Due to the increasing investments being made by various government organizations, surging adoption of cloud technology and usage of spatial data, soaring incorporation of geographic information system (GIS) solutions by enterprises, and growing requirement of GIS-based solutions and systems in location-as-a-service (LaaS) platforms, the global geographic information system (GIS) market is predicted to generate revenue of $25.6 billion in 2030, exhibiting a CAGR of 12.1% from 2020 to 2030. 

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The COVID-19 pandemic has massively accelerated the progress of the GIS market across the globe. This is because of the large-scale adoption of the GIS solutions for mapping the spreading pattern of the infection and implementing adequate preventive and surveillance measures. Furthermore, many government organizations are increasingly utilizing various GIS features such as spatial analysis, mapping, and locating intelligence for mitigating the impact of the COVID-19 disease.

For example, several government agencies such as the National Informatics Center (NIC) and the National Disaster Management Authority (NDMA) have been using various GIS-based solutions such as ArcGIS Pro, ArcGIS Hub, ArcGIS Online, and ArcGIS, developed by Esri Inc. for analyzing the spreading pattern of the infection, identifying the persons coming in contact with infected people, and implementing adequate preventive measures.

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Globally, the Asia-Pacific (APAC) GIS market is predicted to exhibit the fastest expansion between 2020 and 2030. This is credited to the surging requirement of GIS solutions in several developing countries of APAC such as India, China, Malaysia, and Indonesia. Additionally, in China, GIS technology is being rapidly adopted in various smart city development projects, primarily in the development and planning stages. 

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