According to Coherent Market Insights, North America held dominant position in the global Deep Learning market in 2019, accounting for 43.2% share in terms of value, followed Europe. Due to the use of modern technologies such as the internet of things, the worldwide deep learning market is predicted to increase significantly over the forecast period (2020–2027). 

During the projected period, one of the factors likely to fuel market expansion is the Internet of Things (IoT). Companies today have a lot of data, which makes it challenging to manage. Cyber-attacks are also on the rise as a result of increased connectedness via big data, cloud, social media, and other mobile services.