Neural networks, also known as artificial neural networks (ANNs) are computing systems or mathematical models with interconnected nodes that use learning algorithms inspired by the human brain to store information. They have a number of use cases like facial recognition, stock market prediction, character recognition, healthcare, and defense etc. Neural networks can adapt to changing input, so the network generates the best possible result without needing to redesign the output criteria. MarketsandMarkets forecasts the global Artificial Neural Network Market size to grow from $117 million in 2019 to $296 million by 2024, at a CAGR of 20.5% during the forecast period.
