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Global Neuromorphic Computing Market Booms as Demand for Artificial Intelligence Grows (2022 - 2030)

02-08-2023 01:18 PM CET | IT, New Media & Software

Press release from: Absolute Markets Insights

Global Neuromorphic Computing Market Booms as Demand

Neuromorphic computing refers to the development of computing systems that mimic the structure and function of the human brain. This type of computing technology is designed to enable machine learning and artificial intelligence (AI) systems to work in real-time, even in the presence of large amounts of data and complex processes. The growth of the neuromorphic computing market is being driven by several factors, including advancements in artificial intelligence and machine learning technologies, increasing demand for real-time processing, and growing interest in energy-efficient computing solutions.

In terms of revenue the global neuromorphic computing market was valued at US$ 22.78 Mn in 2021, growing at an estimated CAGR of 65% over the forecast period.

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Market Trends:

Advancements in AI and machine learning technologies: The rapid advancements in AI and machine learning technologies are driving growth in the neuromorphic computing market, as more and more companies seek to develop systems that can process large amounts of data and perform complex tasks in real-time.

Increasing demand for real-time processing: The growing demand for real-time processing is driving growth in the neuromorphic computing market, as more and more businesses seek to leverage the benefits of this technology to improve the speed and accuracy of their operations.

Growing interest in energy-efficient computing solutions: The increasing interest in energy-efficient computing solutions is driving growth in the neuromorphic computing market, as more and more businesses seek to reduce their energy consumption and minimize their carbon footprint.

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Major Market Players Profiled in the Neuromorphic Computing Market Report include:
Applied Brain Research
BrainChip, Inc.
General Vision Inc
IBM
Intel Corporation
Numenta
Qualcomm Technologies, Inc.
Samsung Electronics Ltd
Other Market Participants

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Why the Neuromorphic Computing Market Report is Beneficial?
The report is compiled with a thorough and dynamic research methodology.
The report offers a complete picture of the competitive scenario of the Neuromorphic Computing market.
It comprises vast amount of information about the latest technology and product developments in the industry.
The extensive range of analysis associates with the impact of these improvements on the future of Neuromorphic Computing industry growth.
The report has combined the required essential historical data and analysis in the comprehensive research report.
The insights in the report can be easily understood and contains a graphical representation of the figures in the form of bar graphs, statistics and pie charts, etc.
This report can be customized to meet the client's requirements. Please connect with our sales team, who will ensure that you get a report that suits your needs.

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Global Neuromorphic Computing Market:

By Offering
Hardware
Software

By Deployment
Edge
Cloud

By Application
Image Recognition and Retrieval
Signal Recognition
Data Mining
Others

By End User Industry
Automotive
Military and Defense
Healthcare
IT & Telecommunication
Aerospace
Others

By Geography
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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We appreciate your reading the article in its entirety. If you would like to know more about the Neuromorphic Computing market, looking for customization, contact us. To achieve a full market reach of Neuromorphic Computing, or explore more about opportunities reach our research analyst. Our team is available 24/7 to assist and support our customers through reliable research.

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Contact Us:
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Company: Absolute Markets Insights
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About Us:
Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization. From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

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