According to Cognitive Market Research, the global Neural Network market size will be USD 15214.20 million in 2024. It will expand at a compound annual growth rate (CAGR) of 27.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 6085.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 4564.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3499.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 760.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 304.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.9% from 2024 to 2031.
The Software category is the fastest growing segment of the Neural Network industry
