PUBLISHER: KBV Research | PRODUCT CODE: 1645369
PUBLISHER: KBV Research | PRODUCT CODE: 1645369
LAMEA Neural Network Market Size, Share & Trends Analysis Report By Component, By Vertical (BFSI, Retail, Healthcare, Telecom & IT, Manufacturing, Aerospace & Defense, Public Sector, Business Function), By Country and Growth Forecast, 2024 - 2031
The Latin America, Middle East and Africa Neural Network Market would witness market growth of 28.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Neural Network Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,452.2 million by 2031. The Argentina market is registering a CAGR of 29.6% during (2024 - 2031). Additionally, The UAE market would witness a CAGR of 27.7% during (2024 - 2031).
Neural networks are driving advancements in emerging technologies such as the Internet of Things, augmented reality (AR), virtual reality (VR), and blockchain by enabling real-time data processing and decision-making. In IoT, neural networks analyze vast data streams from interconnected devices, optimizing energy usage, security, and efficiency. For instance, smart thermostats like Nest use neural networks to learn user preferences and maintain energy-efficient environments, while industrial IoT applications leverage predictive maintenance to reduce factory downtime. Neural networks are integral to the functionality of autonomous drones, facilitating their navigation through intricate environments for purposes such as delivery and disaster response. They achieve this by analyzing real-time data obtained from sensors and cameras.
In AR and VR, neural networks enhance immersive experiences by analyzing real-time inputs and personalizing interactions. Apps like IKEA Place use neural networks to integrate virtual furniture into physical spaces, creating realistic AR experiences, while VR applications leverage neural networks for 3D environment rendering and user interaction. In blockchain, neural networks improve fraud detection and optimize transaction processing by identifying anomalies in cryptocurrency patterns. They also contribute to decentralized finance platforms by predicting market trends and automating investment decisions.
In South Africa, the public sector leverages neural networks to improve governance, optimize resource allocation, and enhance citizen services. Neural networks are used in traffic management, urban planning, and social services delivery, helping address critical socio-economic challenges. The government's Artificial Intelligence Institute and initiatives to foster AI innovation have provided the necessary infrastructure and support to integrate neural networks into public administration. These efforts improve operational efficiency and position South Africa as a leader in AI-driven public sector transformation within the African continent. Hence, the region will drive new investment opportunities to expand the market.
Based on Component, the market is segmented into Software (Analytical Software, Data Mining & Archiving, Optimization Software, Visualization Software, and Other Software Type), and Services. Based on Vertical, the market is segmented into BFSI, Retail, Healthcare, Telecom & IT, Manufacturing, Aerospace & Defense, Public Sector, Business Function, and Other Vertical. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Intel Corporation
- SAP SE
- NVIDIA Corporation
- nDimensional, Inc.
- OLSOFT LLC
- Oracle Corporation
- Microsoft Corporation
- Ward Systems Group, Inc.
- IBM Corporation
- Google LLC (Alphabet Inc.)
LAMEA Neural Network Market Report Segmentation
By Component
- Software
- Analytical Software
- Data Mining & Archiving
- Optimization Software
- Visualization Software
- Other Software Type
- Services
By Vertical
- BFSI
- Retail
- Healthcare
- Telecom & IT
- Manufacturing
- Aerospace & Defense
- Public Sector
- Business Function
- Other Vertical
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 LAMEA Neural Network Market, by Component
- 1.4.2 LAMEA Neural Network Market, by Vertical
- 1.4.3 LAMEA Neural Network Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Recent Strategies Deployed in Neural Network Market
- 4.3 Porter Five Forces Analysis
Chapter 5. LAMEA Neural Network Market by Component
- 5.1 LAMEA Software Market by Country
- 5.2 LAMEA Neural Network Market by Software Type
- 5.2.1 LAMEA Analytical Software Market by Country
- 5.2.2 LAMEA Data Mining & Archiving Market by Country
- 5.2.3 LAMEA Optimization Software Market by Country
- 5.2.4 LAMEA Visualization Software Market by Country
- 5.2.5 LAMEA Other Software Type Market by Country
- 5.3 LAMEA Services Market by Country
Chapter 6. LAMEA Neural Network Market by Vertical
- 6.1 LAMEA BFSI Market by Country
- 6.2 LAMEA Retail Market by Country
- 6.3 LAMEA Healthcare Market by Country
- 6.4 LAMEA Telecom & IT Market by Country
- 6.5 LAMEA Manufacturing Market by Country
- 6.6 LAMEA Aerospace & Defense Market by Country
- 6.7 LAMEA Public Sector Market by Country
- 6.8 LAMEA Business Function Market by Country
- 6.9 LAMEA Other Vertical Market by Country
Chapter 7. LAMEA Neural Network Market by Country
- 7.1 Brazil Neural Network Market
- 7.1.1 Brazil Neural Network Market by Component
- 7.1.1.1 Brazil Neural Network Market by Software Type
- 7.1.2 Brazil Neural Network Market by Vertical
- 7.1.1 Brazil Neural Network Market by Component
- 7.2 Argentina Neural Network Market
- 7.2.1 Argentina Neural Network Market by Component
- 7.2.1.1 Argentina Neural Network Market by Software Type
- 7.2.2 Argentina Neural Network Market by Vertical
- 7.2.1 Argentina Neural Network Market by Component
- 7.3 UAE Neural Network Market
- 7.3.1 UAE Neural Network Market by Component
- 7.3.1.1 UAE Neural Network Market by Software Type
- 7.3.2 UAE Neural Network Market by Vertical
- 7.3.1 UAE Neural Network Market by Component
- 7.4 Saudi Arabia Neural Network Market
- 7.4.1 Saudi Arabia Neural Network Market by Component
- 7.4.1.1 Saudi Arabia Neural Network Market by Software Type
- 7.4.2 Saudi Arabia Neural Network Market by Vertical
- 7.4.1 Saudi Arabia Neural Network Market by Component
- 7.5 South Africa Neural Network Market
- 7.5.1 South Africa Neural Network Market by Component
- 7.5.1.1 South Africa Neural Network Market by Software Type
- 7.5.2 South Africa Neural Network Market by Vertical
- 7.5.1 South Africa Neural Network Market by Component
- 7.6 Nigeria Neural Network Market
- 7.6.1 Nigeria Neural Network Market by Component
- 7.6.1.1 Nigeria Neural Network Market by Software Type
- 7.6.2 Nigeria Neural Network Market by Vertical
- 7.6.1 Nigeria Neural Network Market by Component
- 7.7 Rest of LAMEA Neural Network Market
- 7.7.1 Rest of LAMEA Neural Network Market by Component
- 7.7.1.1 Rest of LAMEA Neural Network Market by Software Type
- 7.7.2 Rest of LAMEA Neural Network Market by Vertical
- 7.7.1 Rest of LAMEA Neural Network Market by Component
Chapter 8. Company Profiles
- 8.1 Intel Corporation
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Product Launches and Product Expansions:
- 8.1.6 SWOT Analysis
- 8.2 SAP SE
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Product Launches and Product Expansions:
- 8.2.6 SWOT Analysis
- 8.3 NVIDIA Corporation
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Product Launches and Product Expansions:
- 8.3.6 SWOT Analysis
- 8.4 nDimensional, Inc.
- 8.4.1 Company Overview
- 8.4.2 SWOT Analysis
- 8.5 OLSOFT LLC
- 8.5.1 Company Overview
- 8.5.2 SWOT Analysis
- 8.6 Oracle Corporation
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 SWOT Analysis
- 8.7 Microsoft Corporation
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 SWOT Analysis
- 8.8 Ward Systems Group, Inc.
- 8.8.1 Company Overview
- 8.8.2 SWOT Analysis
- 8.9 IBM Corporation
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Regional & Segmental Analysis
- 8.9.4 Research & Development Expenses
- 8.9.5 Recent strategies and developments:
- 8.9.5.1 Partnerships, Collaborations, and Agreements:
- 8.9.5.2 Product Launches and Product Expansions:
- 8.9.6 SWOT Analysis
- 8.10. Google LLC (Alphabet Inc.)
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expense
- 8.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 LAMEA Neural Network Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA Neural Network Market, 2024 - 2031, USD Million
- TABLE 3 LAMEA Neural Network Market by Component, 2020 - 2023, USD Million
- TABLE 4 LAMEA Neural Network Market by Component, 2024 - 2031, USD Million
- TABLE 5 LAMEA Software Market by Country, 2020 - 2023, USD Million
- TABLE 6 LAMEA Software Market by Country, 2024 - 2031, USD Million
- TABLE 7 LAMEA Neural Network Market by Software Type, 2020 - 2023, USD Million
- TABLE 8 LAMEA Neural Network Market by Software Type, 2024 - 2031, USD Million
- TABLE 9 LAMEA Analytical Software Market by Country, 2020 - 2023, USD Million
- TABLE 10 LAMEA Analytical Software Market by Country, 2024 - 2031, USD Million
- TABLE 11 LAMEA Data Mining & Archiving Market by Country, 2020 - 2023, USD Million
- TABLE 12 LAMEA Data Mining & Archiving Market by Country, 2024 - 2031, USD Million
- TABLE 13 LAMEA Optimization Software Market by Country, 2020 - 2023, USD Million
- TABLE 14 LAMEA Optimization Software Market by Country, 2024 - 2031, USD Million
- TABLE 15 LAMEA Visualization Software Market by Country, 2020 - 2023, USD Million
- TABLE 16 LAMEA Visualization Software Market by Country, 2024 - 2031, USD Million
- TABLE 17 LAMEA Other Software Type Market by Country, 2020 - 2023, USD Million
- TABLE 18 LAMEA Other Software Type Market by Country, 2024 - 2031, USD Million
- TABLE 19 LAMEA Services Market by Country, 2020 - 2023, USD Million
- TABLE 20 LAMEA Services Market by Country, 2024 - 2031, USD Million
- TABLE 21 LAMEA Neural Network Market by Vertical, 2020 - 2023, USD Million
- TABLE 22 LAMEA Neural Network Market by Vertical, 2024 - 2031, USD Million
- TABLE 23 LAMEA BFSI Market by Country, 2020 - 2023, USD Million
- TABLE 24 LAMEA BFSI Market by Country, 2024 - 2031, USD Million
- TABLE 25 LAMEA Retail Market by Country, 2020 - 2023, USD Million
- TABLE 26 LAMEA Retail Market by Country, 2024 - 2031, USD Million
- TABLE 27 LAMEA Healthcare Market by Country, 2020 - 2023, USD Million
- TABLE 28 LAMEA Healthcare Market by Country, 2024 - 2031, USD Million
- TABLE 29 LAMEA Telecom & IT Market by Country, 2020 - 2023, USD Million
- TABLE 30 LAMEA Telecom & IT Market by Country, 2024 - 2031, USD Million
- TABLE 31 LAMEA Manufacturing Market by Country, 2020 - 2023, USD Million
- TABLE 32 LAMEA Manufacturing Market by Country, 2024 - 2031, USD Million
- TABLE 33 LAMEA Aerospace & Defense Market by Country, 2020 - 2023, USD Million
- TABLE 34 LAMEA Aerospace & Defense Market by Country, 2024 - 2031, USD Million
- TABLE 35 LAMEA Public Sector Market by Country, 2020 - 2023, USD Million
- TABLE 36 LAMEA Public Sector Market by Country, 2024 - 2031, USD Million
- TABLE 37 LAMEA Business Function Market by Country, 2020 - 2023, USD Million
- TABLE 38 LAMEA Business Function Market by Country, 2024 - 2031, USD Million
- TABLE 39 LAMEA Other Vertical Market by Country, 2020 - 2023, USD Million
- TABLE 40 LAMEA Other Vertical Market by Country, 2024 - 2031, USD Million
- TABLE 41 LAMEA Neural Network Market by Country, 2020 - 2023, USD Million
- TABLE 42 LAMEA Neural Network Market by Country, 2024 - 2031, USD Million
- TABLE 43 Brazil Neural Network Market, 2020 - 2023, USD Million
- TABLE 44 Brazil Neural Network Market, 2024 - 2031, USD Million
- TABLE 45 Brazil Neural Network Market by Component, 2020 - 2023, USD Million
- TABLE 46 Brazil Neural Network Market by Component, 2024 - 2031, USD Million
- TABLE 47 Brazil Neural Network Market by Software Type, 2020 - 2023, USD Million
- TABLE 48 Brazil Neural Network Market by Software Type, 2024 - 2031, USD Million
- TABLE 49 Brazil Neural Network Market by Vertical, 2020 - 2023, USD Million
- TABLE 50 Brazil Neural Network Market by Vertical, 2024 - 2031, USD Million
- TABLE 51 Argentina Neural Network Market, 2020 - 2023, USD Million
- TABLE 52 Argentina Neural Network Market, 2024 - 2031, USD Million
- TABLE 53 Argentina Neural Network Market by Component, 2020 - 2023, USD Million
- TABLE 54 Argentina Neural Network Market by Component, 2024 - 2031, USD Million
- TABLE 55 Argentina Neural Network Market by Software Type, 2020 - 2023, USD Million
- TABLE 56 Argentina Neural Network Market by Software Type, 2024 - 2031, USD Million
- TABLE 57 Argentina Neural Network Market by Vertical, 2020 - 2023, USD Million
- TABLE 58 Argentina Neural Network Market by Vertical, 2024 - 2031, USD Million
- TABLE 59 UAE Neural Network Market, 2020 - 2023, USD Million
- TABLE 60 UAE Neural Network Market, 2024 - 2031, USD Million
- TABLE 61 UAE Neural Network Market by Component, 2020 - 2023, USD Million
- TABLE 62 UAE Neural Network Market by Component, 2024 - 2031, USD Million
- TABLE 63 UAE Neural Network Market by Software Type, 2020 - 2023, USD Million
- TABLE 64 UAE Neural Network Market by Software Type, 2024 - 2031, USD Million
- TABLE 65 UAE Neural Network Market by Vertical, 2020 - 2023, USD Million
- TABLE 66 UAE Neural Network Market by Vertical, 2024 - 2031, USD Million
- TABLE 67 Saudi Arabia Neural Network Market, 2020 - 2023, USD Million
- TABLE 68 Saudi Arabia Neural Network Market, 2024 - 2031, USD Million
- TABLE 69 Saudi Arabia Neural Network Market by Component, 2020 - 2023, USD Million
- TABLE 70 Saudi Arabia Neural Network Market by Component, 2024 - 2031, USD Million
- TABLE 71 Saudi Arabia Neural Network Market by Software Type, 2020 - 2023, USD Million
- TABLE 72 Saudi Arabia Neural Network Market by Software Type, 2024 - 2031, USD Million
- TABLE 73 Saudi Arabia Neural Network Market by Vertical, 2020 - 2023, USD Million
- TABLE 74 Saudi Arabia Neural Network Market by Vertical, 2024 - 2031, USD Million
- TABLE 75 South Africa Neural Network Market, 2020 - 2023, USD Million
- TABLE 76 South Africa Neural Network Market, 2024 - 2031, USD Million
- TABLE 77 South Africa Neural Network Market by Component, 2020 - 2023, USD Million
- TABLE 78 South Africa Neural Network Market by Component, 2024 - 2031, USD Million
- TABLE 79 South Africa Neural Network Market by Software Type, 2020 - 2023, USD Million
- TABLE 80 South Africa Neural Network Market by Software Type, 2024 - 2031, USD Million
- TABLE 81 South Africa Neural Network Market by Vertical, 2020 - 2023, USD Million
- TABLE 82 South Africa Neural Network Market by Vertical, 2024 - 2031, USD Million
- TABLE 83 Nigeria Neural Network Market, 2020 - 2023, USD Million
- TABLE 84 Nigeria Neural Network Market, 2024 - 2031, USD Million
- TABLE 85 Nigeria Neural Network Market by Component, 2020 - 2023, USD Million
- TABLE 86 Nigeria Neural Network Market by Component, 2024 - 2031, USD Million
- TABLE 87 Nigeria Neural Network Market by Software Type, 2020 - 2023, USD Million
- TABLE 88 Nigeria Neural Network Market by Software Type, 2024 - 2031, USD Million
- TABLE 89 Nigeria Neural Network Market by Vertical, 2020 - 2023, USD Million
- TABLE 90 Nigeria Neural Network Market by Vertical, 2024 - 2031, USD Million
- TABLE 91 Rest of LAMEA Neural Network Market, 2020 - 2023, USD Million
- TABLE 92 Rest of LAMEA Neural Network Market, 2024 - 2031, USD Million
- TABLE 93 Rest of LAMEA Neural Network Market by Component, 2020 - 2023, USD Million
- TABLE 94 Rest of LAMEA Neural Network Market by Component, 2024 - 2031, USD Million
- TABLE 95 Rest of LAMEA Neural Network Market by Software Type, 2020 - 2023, USD Million
- TABLE 96 Rest of LAMEA Neural Network Market by Software Type, 2024 - 2031, USD Million
- TABLE 97 Rest of LAMEA Neural Network Market by Vertical, 2020 - 2023, USD Million
- TABLE 98 Rest of LAMEA Neural Network Market by Vertical, 2024 - 2031, USD Million
- TABLE 99 Key Information - Intel Corporation
- TABLE 100 Key Information - SAP SE
- TABLE 101 Key Information - NVIDIA Corporation
- TABLE 102 Key Information - nDimensional, Inc.
- TABLE 103 Key Information - OLSOFT LLC
- TABLE 104 Key Information - Oracle Corporation
- TABLE 105 Key Information - Microsoft Corporation
- TABLE 106 Key Information - Ward Systems Group, Inc.
- TABLE 107 Key Information - IBM Corporation
- TABLE 108 Key Information - Google LLC
