Deep Learning Market Forecast to Hit $296B by 2031
A report from Mordor Intelligence predicts the global deep learning market will exceed $296 billion by 2031, with a compound annual growth rate of 35.48% from 2026. Growth is being driven by widespread AI adoption, rising investment in generative AI, and demand for automation in areas like computer vision and natural language processing.
- In India, venture capital funding for AI-focused startups surged to constitute approximately 12% of total VC investments, a significant increase from under 5% in 2020. In 2025 alone, Indian AI companies raised $1.2 billion across 188 deals, marking a 58% year-over-year increase in funding value. This trend is part of a larger movement that has seen nearly $28 billion invested in the country's deep tech sector since 2016. - Recent major investments in India's AI ecosystem include Qualcomm's $150 million Strategic AI Venture Fund targeting startups in automotive, robotics, and IoT. Additionally, Peak XV Partners has raised $1.3 billion for new funds focused on India and Asia-Pacific, with a significant portion allocated to AI startups. - For B2B sales teams, implementing AI-powered tools is showing significant returns; companies report that sales representatives spend 37% more time with customers and 61% less on manual data entry. This automation of administrative tasks is a key reason why 70% of top-performing sales teams now integrate AI into their daily workflows. - Signal-based GTM and intent-driven ABM are becoming standard operating models, moving beyond account-level data to focus on person-level buying intent. Platforms like 6sense and Demandbase use AI to analyze behavioral data, such as content consumption and website visits, to identify which specific individuals and buying groups are actively in-market. - In HR technology, deep learning is being applied to move from reactive to proactive workforce planning, with AI-powered analytics predicting workforce trends with up to 90% accuracy. Companies using AI for workforce planning have seen a 30% reduction in hiring costs and a 45% improvement in recruitment efficiency. - Indian HR tech startups are actively incorporating AI. For example, Bash.ai uses an AI-powered chatbot to automate employee conversations, while Eightfold and Uniphore offer sophisticated AI platforms for talent acquisition and management. - The application of deep learning in HR is also enhancing employee performance evaluation by analyzing multi-source data to provide personalized feedback and predict employee potential. This shift allows HR to evolve from a purely administrative function to a strategic partner that links workforce scenarios to financial performance.
