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.
MARKET DYNAMICS
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 SCOPE
The "Global Neuromorphic Computing Market Analysis to 2028" is a specialized and in-depth study of the Neuromorphic computing market with a special focus on the global market trend analysis. The report aims to provide an overview of Neuromorphic computing market with detailed market segmentation by offering, application, end-user industry, and geography. The global Neuromorphic computing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Neuromorphic computing market players and offers key trends and opportunities in the Neuromorphic computing market.
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.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Neuromorphic computing market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Neuromorphic computing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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.
MARKET PLAYERS
The reports cover key developments in the Neuromorphic computing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Neuromorphic computing market are anticipated to lucrative growth opportunities in the future with the rising demand for Neuromorphic computing market. Below mentioned is the list of few companies engaged in the Neuromorphic computing market.
The report also includes the profiles of key Neuromorphic computing market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Applied Brain Research, Inc.
- Brainchip Holdings Ltd
- General Vision Inc.
- Hewlett Packard Enterprise
- HRL Laboratories, LLC
- IBM Corporation
- Intel Corp.
- Numenta
- Qualcomm Inc.
- Samsung Electronics Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.