Global Neuromorphic
Computing Market Highlights
Global Neuromorphic Computing Market was valued at USD 42.08
Million in 2018 and is estimated to reach a market value of USD 648.40 Million
by 2025 growing at a CAGR of 49.92% during the forecast period 2019–2025.
The Global Neuromorphic Computing Market is growing
at a significant rate, and the trend is expected to continue during the
forecast period. This is due to the decline in the growth rate of the
processing power of traditional chips and the rising demand for AI-based
applications. The key players operating in the global neuromorphic computing
market are heavily investing to offer enhanced computing capabilities and lower
the power consumption with the help of neuromorphic chips.
Get Free Sample copy at: https://www.marketresearchfuture.com/sample_request/5110
Regional Analysis
Globally, the Neuromorphic Computing Market has been
categorized into four different regions, namely North America, Europe,
Asia-Pacific, and the rest of the world (the Middle East and Africa and South
America).
North America accounted for the largest market share
in 2018, with a market value of USD 36.39 Million; the market is expected to
register the highest CAGR of 50.06% during the forecast period. Europe was the
second-largest market in 2018, and it is projected to exhibit the highest CAGR
of 49.92% during the forecast period.
North America accounted for the largest share for
the neuromorphic computing market due to the presence of various companies such
as IBM Corporation, Intel Corporation, Qualcomm Incorporated, and others which
are developing various systems and processors used for neuromorphic computing.
Moreover, there is an increasing demand for AI-based applications which is
fuelling the development of this technology and driving the neuromorphic
computing market in the region. The North American region, based on country,
has been segmented into the US, Canada, and Mexico.
Europe is expected to register steady growth in the
global neuromorphic computing market during the forecast period owing to the
rising adoption of AI, machine learning, and IoT-based systems in various
industries such as automotive, IT & telecom, aerospace and defense, and
others. Moreover, increasing demand for better productivity and efficiency of
the overall process is also driving the market in the region. The region by
country has been segmented into the UK, Germany, France, Spain, Italy, and the
rest of Europe.
The Asia-Pacific region accounted for a significant
share in the neuromorphic computing market due to the increasing adoption of
AI, data analytics, IoT, and other technologies and solutions; reduce human
efforts; and increase the efficiency of the process. The increasing demand for
these technologies has increased the requirement of fast processors and
networks with high computing power resulting in the growing demand for
neuromorphic computing. Based on the country, the region has been segmented as
China, Japan, India, Australia, and the rest of Asia-Pacific.
The rest of the world accounted for the fourth
position in 2018 in the global neuromorphic computing market. The market growth
in this region is expected to remain stagnant due to the presence of emerging
economies and limited infrastructure support. However, the market is expected
to experience a growing trend in the future due to the increasing investments
to boost the AL and IoT solutions. The region has been segmented into the
Middle East and Africa and South America.
Global Neuromorphic Computing Market
Segmentation
The Global Neuromorphic Computing Market has been
segmented on the basis of Offering, Application, End-User. Based on offering,
the global neuromorphic computing market has been segmented into hardware and
software. Based on application, the Global Neuromorphic Computing Market has
been segmented into image recognition, signal recognition, data mining, object
detection, and others. By the end-user, the global neuromorphic computing
market has been segmented into automotive, consumer electronics, aerospace and
defense, IT and telecommunications, industrial and others.
Prominent Players
Some of the Prominent Players in the Global
Neuromorphic Computing Market are IBM Corporation (US), Intel Corporation (US),
Applied Brain Research (Canada), SAMSUNG (South Korea), BrainChip Holdings Ltd
(Australia), Hewlett Packard Development LP (US), HRL Laboratories (US),
Qualcomm Incorporated (US), General Vision(US), Vicarious (US), Numenta(US).
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/neuromorphic-computing-market-5110
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment