Neuromorphic Computing Market size is Anticipated to Grow $8.58 Billion by 2030 | Growing at a CAGR of 79.0%

Allied Market Research published a report on the Neuromorphic Computing Market by Offering, Deployment, Application and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030.

The global neuromorphic computing market size is expected to reach $8.58 billion by 2030 from $26.32 million in 2020, growing at a CAGR of 79.0% from 2021 to 2030.

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Neuromorphic computing refers to designing of computers that are based on systems found in human brain and nervous system. Driven by vast potential and ability of human brain, neuromorphic computing can work as efficiently as human brain without acquiring large room for the placement of software. One of the technological advancements that has regenerated interest of scientists in neuromorphic computing is the development of the Artificial Neural Network model (ANN).

Working of neuromorphic computing-enabled devices begin with the placement of Artificial Neural Networks (ANN) that comprise millions of artificial neurons. These neurons are similar to human brain neurons. Neuromorphic computers are specifically known for their rapid response system as their processing is highly rapid. As compared to traditional computers, neuromorphic computers are built to work like a human brain and so their rapid response system is a major highlight.

Report Overview:
https://www.alliedmarketresearch.com/neuromorphic-computing-market-A13743

Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America is dominating the market, owing to rise in awareness regarding benefits of neuromorphic computing in industries such as aerospace, military & defense, and healthcare.

Competitive Analysis:
The neuromorphic computing industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

Some of the major key players of the global neuromorphic computing market include,
⦁ Vicarious
⦁ Samsung Electronics Ltd.
⦁ Applied Brain Research Inc.
⦁ General Vision Inc.
⦁ IBM Corporation
⦁ BrainChip Holdings Ltd.
⦁ Qualcomm Incorporated
⦁ Intel Corporation
⦁ Numenta

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Top Impacting Factors:
Prominent factors that impact the neuromorphic computing market growth include rise in demand for artificial intelligence and machine learning technology, high usage of software in neuromorphic computing, and rise in demand for better performing integrated circuits (ICs).

However, rise in complexity of algorithms and backend operations restricts the market growth. On the contrary, increase in adoption of neuromorphic chips in the automotive industry is expected to create lucrative opportunities for the market. Therefore, these factors are expected to definitely affect the global neuromorphic computing market during the forecast period.

Key Benefits for Stakeholders:
⦁ This study comprises analytical depiction of the global neuromorphic computing market outlook along with the current trends and future estimations to depict the imminent investment pockets.
⦁ The overall neuromorphic computing market analysis is determined to understand the profitable trends to gain a stronger foothold.
⦁ The report presents information related to key drivers, restraints, and neuromorphic computing market opportunities with a detailed impact analysis.
⦁ The current neuromorphic computing market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
⦁ Porter's five forces analysis illustrates the potency of the buyers and the neuromorphic computing market share of key vendors.
⦁ The report includes the market trends and the revenue share of key vendors.

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