Neuromorphic Computing Market Likely To Experience A Tremendous Growth In Near Future By 2027

The neuromorphic computing platform comprises of two essential systems based on the custom hardware architecture. These systems are basically designed to program neural microcircuits by applying human brain process with the cognitive computing as well as machine learning process. This method permits a machine to adapt, learn, and function like a human brain and thus, anticipated to boost the demand for a Neuromorphic computing market.

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Key Players:

  1. Applied Brain Research, Inc.
  2. Brainchip Holdings Ltd
  3. General Vision Inc.
  4. Hewlett Packard Enterprise
  5. HRL Laboratories, LLC
  6. IBM Corporation
  7. Intel Corp.
  8. Numenta
  9. Qualcomm Inc.
  10. Samsung Electronics Limited

The mounting demand for artificial intelligence and machine learning is driving the growth of the neuromorphic computing market. However, the complex algorithms enhances the complexity of designing hardware of neuromorphic chips may restrain the growth of the Neuromorphic computing market. Furthermore, the growing adoption of neuromorphic computing for security purposes is anticipated to create market opportunities for the Neuromorphic computing market during the forecast period.

MARKET SEGMENTATION

The global Neuromorphic computing market is segmented on the basis of offering, application and end-user industry. On the basis of offering, the market is segmented as hardware, and software. Based on application the market is fragmented into image recognition, signal recognition, and data mining. Similarly, on the basis of application, the market is segmented as aerospace and defense, IT and telecom, medical, automotive, industrial, and others.

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The report analyzes factors affecting Neuromorphic computing market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Neuromorphic computing market in these regions.

Major highlights of the report:

  • An all-inclusive evaluation of the parent market
  • The evolution of significant market aspects
  • Industry-wide investigation of market segments
  • Assessment of the market value and volume in the past, present, and forecast years
  • Market share evaluation
  • Study of niche industrial sectors
  • Tactical approaches of the market leaders
  • Lucrative strategies to help companies strengthen their position in the market.

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