Neuromorphic Computing market is projected to reach US$ 732.5 million by 2028 from an estimated US$ 53 million in 2022, at a CAGR of 55.0% - Valuates reports

Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Neuromorphic Computing market is projected to reach US$ 732.5 million by 2028 from an estimated US$ 53 million in 2022, at a CAGR of 55.0% during 2023 and 2028.

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Neuromorphic Computing
Neuromorphic computing utilizes an engineering approach or method based on the activity of the biological brain. This type of approach can make technologies more versatile and adaptable, and promote more vibrant results than other types of traditional architectures, for instance, the von Neumann architecture that is so useful in traditional hardware design.

Neuromorphic Computing Market Report Scope
Leading manufacturers in the sector are Intel, IBM and BrainChip Holdings, which accounted for 16.55%, 12.33% and 12.24% of revenue in 2019.

This report aims to provide a comprehensive presentation of the global market for Neuromorphic Computing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyse their position in the current marketplace, and make informed business decisions regarding Neuromorphic Computing.

The Neuromorphic Computing market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2021 as the base year, with history and forecast data for the period from 2017 to 2028. This report segments the global Neuromorphic Computing market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Neuromorphic Computing companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

Neuromorphic Computing Market Segments By Type

Global markets are presented by Neuromorphic Computing type, along with growth forecasts through 2028. Estimates on revenue are based on the price in the supply chain at which the Neuromorphic Computing are procured by the companies.

This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows revenue data by type, and during the historical period (2017-2022) and forecast period (2023-2028).

➣Hardware
➣Software

Neuromorphic Computing Market Segments By Application

This report has provided the market size (revenue data) by application, during the historical period (2017-2022) and forecast period (2023-2028).

This report also outlines the market trends of each segment and consumer behaviors impacting the Neuromorphic Computing market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Neuromorphic Computing market.

➣IT and Communication
➣Aerospace Defense
➣Medical
➣Automotive
➣Industrial
➣Others

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