Neuromorphic Computing Market Analysis and Size:
As per recent research by MarkNtel Advisors, the Global Neuromorphic Computing Market is estimated to grow at a CAGR of around 81.1% during the forecast period, i.e., 2024-30.
Market Drivers : Rising Demand for High-performance Integrated Circuits (ICs) –
The limitations of reducing the size & number of transistors on integrated circuits (ICs) have been creating the demand for new-generation and highly effective neuromorphic chips across the globe. End-user industries like consumer electronics, automotive, etc., have been observed to prefer neuromorphic chips as they offer a substantial boost in processing power, enabling more complex computations & data handling in comparison to traditional chips.
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Neuromorphic Computing Market Scope:
The Neuromorphic Computing Market is segmented into different categories. This segmentation enables a detailed analysis of specific areas of growth, aiding in strategic market approaches. It helps identify key application areas and variances within target markets, facilitating focused strategies to capitalize on niche opportunities.
By Component
-Hardware- Market Size & Forecast 2019-2030, USD Million
-Processor- Market Size & Forecast 2019-2030, USD Million
-Memory Modules- Market Size & Forecast 2019-2030, USD Million
-Software- Market Size & Forecast 2019-2030, USD Million
-Services- Market Size & Forecast 2019-2030, USD Million
By Deployment
-Cloud Computing- Market Size & Forecast 2019-2030, USD Million
-Edge Computing- Market Size & Forecast 2019-2030, USD Million
By Application
-Image Recognition- Market Size & Forecast 2019-2030, USD Million
-Signal Recognition- Market Size & Forecast 2019-2030, USD Million
-Data Mining- Market Size & Forecast 2019-2030, USD Million
-Others (Cognitive Computing, Neuroscience Research, etc.) – Market Size & Forecast 2019-2030, USD Million
By End User
-Consumer Electronics- Market Size & Forecast 2019-2030, USD Million
-IT & Telecommunication- Market Size & Forecast 2019-2030, USD Million
-Aerospace & Defense- Market Size & Forecast 2019-2030, USD Million
-Healthcare- Market Size & Forecast 2019-2030, USD Million
-Industrial Manufacturing- Market Size & Forecast 2019-2030, USD Million
-Automotive- Market Size & Forecast 2019-2030, USD Million
-Others (BFSI, Education, etc.) – Market Size & Forecast 2019-2030, USD Million
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Neuromorphic Computing Market Geographical Analysis:
By Region:
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Competitive Landscape and Neuromorphic Computing Market Share Analysis:
The Neuromorphic Computing market is highly competitive, with several key players dominating the landscape. Some of the prominent companies in the market include:
- International Business Machines Corporation
- Brain Corporation
- Prophesee S.A.
- General Vision inc
- Hewlett Packard Company
- Intel Corporation
- Knowm Inc
- Qualcomm Technologies Inc
- Samsung Electronics Co.Ltd
- Other
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Questions Addressed in this Study
1.What factors are driving the Neuromorphic Computing Market growth?
2.How is the Neuromorphic Computing Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Neuromorphic Computing Market?
4.What is the current size of the Neuromorphic Computing Market, and how is it projected to change in the future?
6.What is the future outlook for the Neuromorphic Computing Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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