Press release
Neural Processor Market is Expected to Grow at a CAGR of 19.11% during the forecast period of 2023-2030 : Cognitive Market Research
Neural Processor Market is Expected to Grow at a CAGR of 19.11% during the forecast period of 2023-30 : Cognitive Market Research
- Neural Processors known as neural processing units are specialized microprocessor circuits, which specialize in the implementation of arithmetic and logic control. Neural Processor's advantages include the ability to accelerate computations, maximize resource utilization, and automate processes.
Summary:
• Neural Processor Market Size Was Valued at USD 163.12 Million In 2022 And Is Expected to Grow at A CAGR Of 19.11 % During the Forecast Period, Reaching USD 749.81 Million By 2030.
• The hardware diagnostics segment holds the major revenue share in terms of application.
• North America has the largest revenue share in the neural processor market.
"To know more The Neural Processor Market statistics click here: https://www.cognitivemarketresearch.com/neural-processor-market-report
Market Dynamics:
- Increasing demand for neural processors in the automotive industry, transition in the information industry, and adoption of AI is the key factor expected to drive the growth of the target market. In addition, the rising demand for adaptive learning to tasks based on given data or training in sectors like retail and banking is projected to drive the neural processor market. However, the lack of a skilled AI workforce acts as a key barrier to early adoption expected to restrict neural processor market growth. Furthermore, the introduction of AI to edge devices creates growth opportunities for the neural processor market in the forecast period.
Market Segmentation:
- The hardware diagnostics segment holds the major revenue share in terms of application
The hardware diagnostics segment has the largest revenue share in the neural processor market. This is due to increasing rapid innovations and improvements in neural processing hardware.
The Major Players in Neural Processor Market are:
Hewlett Packard Enterprise Development LP, Samsung Electronics Co. Ltd, HRL Laboratories LLC, Applied Brain Research, Aspinity Inc, Bitbrain Technologies, Halo Neuroscience, General Vision Inc, BrainChip Inc, BrainCo Inc
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Regional Analysis:
- North America accounted for the largest share of the neural processor market
North America has the largest revenue share in the neural processor market over the forecast period. This is due to the increasing use of automation, speech recognition, pattern recognition, and the wide application of neural processors in various sectors such as aviation, entertainment, and agriculture. These are factors expected to drive the growth of the neural processor market in the region.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Neural Processor Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Neural Processor Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Neural Processor Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Neural Processor Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Neural Processor Market by End User Segmentation Analysis (2018-2030)
Chapter 11 Global Neural Processor Market Regional Analysis
• 11.1 Detailed Qualitative Analysis
• 11.2 Global Neural Processor Market Revenue by Region (2018-2030)
• 11.2 Global Neural Processor Market Share (%) by Region (2018-2030)
Chapter 12 North America Neural Processor Market Outlook (2018 - 2030)
Chapter 13 Europe Neural Processor Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Neural Processor Market Outlook (2018 - 2030)
Chapter 15 Latin America Neural Processor Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Neural Processor Market Outlook (2018 - 2030)
Chapter 17 Research Findings
To know more Neural Processor Market TOC click here: https://www.cognitivemarketresearch.com/neural-processor-market-report#table_of_contents
Related Report:
• Embedded Processors Market - https://www.cognitivemarketresearch.com/embedded-processors-market-report
• Microcontroller Market - https://www.cognitivemarketresearch.com/microcontroller-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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