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.

Free Valuable Insights: The Worldwide Neural Network Market is Projected to reach USD 160.37 Billion by 2031, at a CAGR of 26.1%

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

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
3.2 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
7.2 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
7.3 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
7.4 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
7.5 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
7.6 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
7.7 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

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

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

List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Neural Network Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Neural Network Market
FIG 4 Market Share Analysis, 2023
FIG 5 Porter’s Five Forces Analysis – Neural Network Market
FIG 6 LAMEA Neural Network Market share by Component, 2023
FIG 7 LAMEA Neural Network Market share by Component, 2031
FIG 8 LAMEA Neural Network Market by Component, 2020 - 2031, USD Million
FIG 9 LAMEA Neural Network Market share by Vertical, 2023
FIG 10 LAMEA Neural Network Market share by Vertical, 2031
FIG 11 LAMEA Neural Network Market by Vertical, 2020 - 2031, USD Million
FIG 12 LAMEA Neural Network Market share by Country, 2023
FIG 13 LAMEA Neural Network Market share by Country, 2031
FIG 14 LAMEA Neural Network Market by Country, 2020 - 2031, USD Million
FIG 15 SWOT Analysis: Intel corporation
FIG 16 SWOT Analysis: SAP SE
FIG 17 SWOT Analysis: NVIDIA Corporation
FIG 18 SWOT analysis: nDimensional, Inc.
FIG 19 SWOT analysis: OLSOFT LLC
FIG 20 SWOT Analysis: Oracle Corporation
FIG 21 SWOT Analysis: Microsoft Corporation
FIG 22 SWOT analysis: Ward Systems Group, Inc.
FIG 23 Recent strategies and developments: IBM Corporation
FIG 24 SWOT Analysis: IBM Corporation
FIG 25 SWOT Analysis: Google LLC