Cloud Architects: Enhanceskills by integrating AI technologies into cloud
solutions.
AI Specialists: Build expertise in cloud architecture to design and manage
AI- driven solutions in cloud environments.
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and optimization ofcloud-based systems. Neural networks are being used by
cloud architects to improve the performance, efficiency, and scalability of
cloud- based settings. They can predict and manage workloads, automate
complex processes, and optimize resource allocation by utilizing cutting-edge
ML techniques.
7.
CAGR
20.5%
USD
296
Million
2019 2024
■ Theglobal artificial neural network market size is
projected to reach USD 296 million by 2024, at a CAGR of 20.5%
during the forecast period.
■ The increasing demand for enhanced processing
power, learning ability and speed of neural networks to
drive the growth of the market.
■ Dificulty in tracking the outcomes of in-process stages
Figure 1: Neural Networks and AI
Source: Markets and Markets
According to a study by Markets and Markets, the global market for artificial
neural networks is projected to grow significantly, increasing from $117 million
in 2019 to
$296 million by 2024, reflecting a Compound Annual Growth Rate (CAGR) of
20.5% during this period. This rapid growth underscores the expanding impact
and importance of neural networks in the AI landscape.
What is Next for AI?
AI holds extraordinary promise for the future, poised to drive innovation, boost
productivity, and revolutionize various industries. As AI technology continues
to advance, its anticipated impact by 2030 highlights the urgent need for
sustained research and development. To harness AI's full potential, it is crucial
to implement strong government policies and invest in education and training.
By doing so, businesses can position themselves to thrive in the rapidly
evolving AI landscape and seize the opportunities it offers.
AI+
Architecture
USD
117
Million
In cloud architecture,security is a key problem, and AI provides reliable
answers. AI- driven security systems, like those offered by Microsoft Azure,
greatly improve protection against cyberattacks and breaches by instantly
identifying and addressing possible threats.
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