Neuromorphic Computing Market Size, Share, Competitive Analysis, Growth Status, Top Manufactures and Is Projected To Reach USD 34.61 Billion by 2029 – GlobeNewswire

London, July 26, 2022 (GLOBE NEWSWIRE) — “Global Neuromorphic Computing Market” the new research report adds in Data Bridge Market Research’s reports database. This Research Report spread across 350 Page, 220 No of Tables, And 60 No of Figures with summarizing Top companies with tables and figures.

The comprehensive Neuromorphic Computing business report helps define commerce strategies to the businesses of small, medium as well as large size. All the data and statistics provided in this market report are backed up by latest and proven tools and techniques such as SWOT analysis and Porter’s Five Forces Analysis. This report includes a range of inhibitors as well as driving forces of the market which are analysed in both qualitative and quantitative approach so that readers and users get precise information and insights about this industry. This Neuromorphic Computing market report is an ideal guide for actionable ideas, enhanced decision-making and better business strategies.

The neuromorphic computing market is expected to witness market growth at a rate of 52.50% in the forecast period of 2022 to 2029, and is estimated to reach the value of USD 34.61 billion by 2029. Data Bridge Market Research report on neuromorphic computing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand for the technology globally is escalating the growth of neuromorphic computing market.

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Neuromorphic Computing report is delivered as the most relevant, unique, fair and creditable global market research report to valuable customers and clients depending upon their specific business needs. It facilitates in adjusting the production depending on the conditions of demand which avoids wastage of goods. Market research reports like this one surely helps to reduce business risk and failure. This report highlights numerous industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.): –

  • Intel Corporation,
  • BrainChip.,
  • Qualcomm Technologies, Inc.,
  • Hewlett Packard Enterprise Development LP,
  • HRL Laboratories, LLC,
  • General Vision Inc.,
  • Applied Brain Research,
  • Vicarious,
  • Aspinity analogML,
  • BrainCo, Inc.,
  • Bitbrain Technologies,
  • Halo Neuroscience,
  • Linux Kernel Organization, Inc.,
  • Nextmind SRL,
  • Cognixion, Inc.,
  • NeuroPace, Inc.,
  • MindMaze and
  • Innatera Nanosystems

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Important Key questions answered in the Neuromorphic Computing market report:

  • What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in the Neuromorphic Computing market?
  • What are the leading factors likely to hamper the growth of the Neuromorphic Computing Market during the forecast period?
  • What is Dynamics, This Overview Includes an Analysis of the Scope and price analysis of top Manufacturers’ Profiles?
  • Who Are Opportunities, Risk, and Driving Force of the Neuromorphic Computing market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
  • Who are the key manufacturers in space? Business Overview by Type, Applications, Gross Margin, and Market Share
  • What are the opportunities and threats faced by manufacturers in the global market?
  • Regions reflecting tremendous growth and development opportunities are described in this study

Major Segmentation: Neuromorphic Computing Market

On the basis of offering, the neuromorphic computing market is segmented into hardware and software. Hardware is further segmented into processor and memory.

On the basis of deployment, the neuromorphic computing market is segmented into edge computing and cloud computing.

On the basis of application, the neuromorphic computing market is segmented into image recognition, data processing, signal recognition, object detection and data mining.

On the basis of end-user, the neuromorphic computing market is segmented into aerospace and defense, it and telecom, medical, automotive, industrial and others.

Country Level Analysis:-

The neuromorphic computing market is analyzed and market size, volume information is provided by country, offering, deployment, applications and end user as referenced above.  

The countries covered in the global neuromorphic computing market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA). 

  • North America dominates the neuromorphic computing market due to the presence of key neuromorphic chip manufacturers within the region. Europe is expected to witness significant growth during the forecast period of 2022 to 2029 because of the expansion as significant investments are being made in neuromorphic projects in the region.

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Key Drivers:-

The rise in the number of applications in the area of automation across the globe acts as one of the major factors driving the growth of neuromorphic computing market. The increased demand for artificial intelligence for translation and chatterbots, computer vision and image processing, language processing, nonlinear controls and robotics accelerate the market growth. The advancement of disruptive technologies, such as artificial intelligence (AI) and machine learning (ML), and rise in demand for the technology owning to the low power consumption, higher speed, and optimum memory usage further influence the market. Additionally, urbanization and digitization, rise in biotechnology sector, expansion of end use industries and cross-industry partnerships and collaborations positively affect the neuromorphic computing market. Furthermore, adoption of neuromorphic computing for security purposes and design and development of neuromorphic chips for brain-based robots and cognitive robots extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

On the other hand, complex algorithms increasing complexity of designing hardware of neuromorphic chips and lack of knowledge about neuromorphic computing are expected to obstruct the market growth. Applications dependent on software compatibility of neural hardware are projected to challenge the neuromorphic computing market in the forecast period of 2022-2029.

How Research Study of DBMR helps clients in their decision-making:

  • Creating strategies for new product development
  • Supporting & Adjust Investment/business decisions
  • Benchmark and judge own competitiveness
  • Aiding in the business planning process
  • Serving as a credible, independent check on company internal forecasts
  • Supporting acquisition strategies

Below is the TOC of the report:

  1. Assumptions and Acronyms Used
  2. Research Methodology
  3. Neuromorphic Computing Market Overview
  4. Neuromorphic Computing Supply Chain Analysis
  5. Neuromorphic Computing Pricing Analysis
  6. Global Neuromorphic Computing Market Analysis and Forecast by Type
  7. Global Neuromorphic Computing Market Analysis and Forecast by Application
  8. Global Neuromorphic Computing Market Analysis and Forecast by Sales Channel
  9. Global Neuromorphic Computing Market Analysis and Forecast by Region
  10. North America Neuromorphic Computing Market Analysis and Forecast
  11. Latin America Neuromorphic Computing Market Analysis and Forecast
  12. Europe Neuromorphic Computing Market Analysis and Forecast
  13. Asia Pacific Neuromorphic Computing Market Analysis and Forecast
  14. Middle East & Africa Neuromorphic Computing Market Analysis and Forecast
  15. Competition Landscape

For More Insights Get Detailed TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-neuromorphic-computing-market&GNW/25July2022

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