Press release
Neuromorphic Computing Market: Exploring Market Segments, Growth Projections, and Competitive Landscape in Advanced Computing
Neuromorphic Computing Market
The Business Research Company presents an extensive market research report on the Neuromorphic Computing Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The neuromorphic computing market size has grown exponentially in recent years. It will grow from $1.15 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 25.8%. The growth in the historic period can be attributed to advancements in artificial intelligence (AI), the rise of cognitive computing applications, collaborations between the neuromorphic computing industry, real-time processing requirements, increased investment and funding.
The neuromorphic computing market size is expected to see exponential growth in the next few years. It will grow to $3.4 billion in 2028 at a compound annual growth rate (CAGR) of 23.9%. The growth in the forecast period can be attributed to rise of edge computing, applications in autonomous vehicles, ongoing innovations in neuromorphic hardware, continued research initiatives and academic collaborations, growing demand for brain-inspired computing. Major trends in the forecast period include technological innovation and advancement, advancements in quantum computing technology, advancements in semiconductor technology, competition from established technologies, automated machine learning.
Request for free sample report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=13711&type=smp
Key Market Players:
Major companies operating in the neuromorphic computing market report are Intel Corporation, The International Business Machines Corporation (IBM), Samsung Electronics, Qualcomm Technologies Inc., GrAI Matter Labs S.A., SK Hynix Inc., Hewlett Packard Enterprise Ltd, NVIDIA Corporation, Halo Neuroscience Inc., HRL Laboratories LLC, Defense Advanced Research Projects Agency, Perplexity Lab.Inc., Brain Corporation, Cerebras Systems Inc., General Vision Inc., Innatera Nanosystems B.V., Vicarious FPC Inc., Cortical.io, BrainChip Holdings Ltd., aiCTX AG, Knowm Inc., Prophesee S.A., Numenta Inc., Applied Brain Research Co. Ltd., Flow Neuroscience AB
Market Drivers:
The rising demand for automated systems in industries is expected to propel the growth of the neuromorphic computing market going forward. Automated systems refer to the use of various technologies and control systems to operate and monitor industrial processes without human intervention. Neuromorphic computing technology can be used in autonomous systems such as robotics, drones, self-driving cars, and artificial intelligence. Neuromorphic computing technology can be used to improve automation and efficiency in large-scale operations, product customization, and factories. For instance, in December 2023, according to Eurostat, a Luxembourg-based statistical office of the European Union, around 28% of large EU enterprises used artificial intelligence technologies, and 8% of EU enterprises had implemented artificial intelligence technologies in 2021. Additionally, around 53% of EU enterprises implemented ready-to-use commercial artificial intelligence software or systems in 2021. Therefore, rising demand for automated systems in industries is driving the growth of the neuromorphic computing market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/neuromorphic-computing-global-market-report
The neuromorphic computing market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Deployment: Edge Computing, Cloud Computing
3) By Application: Signal Processing, Image Processing, Data Processing, Object Detection, Other Applications
4) By End Use: Consumer Electronics, Automotive, Healthcare, Military And Defense, Other End Uses
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Neuromorphic Computing Market: Exploring Market Segments, Growth Projections, and Competitive Landscape in Advanced Computing here
News-ID: 3438200 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Neuromorphic
Prominent Neuromorphic Computing Market Trend for 2025: Brainchip Revolutionizes …
"What Are the Projected Growth and Market Size Trends for the Neuromorphic Computing Market?
The neuromorphic computing market has expanded exponentially in recent years. It is expected to grow from $1.44 billion in 2024 to $1.81 billion in 2025, with a CAGR of 25.7%. Factors that contributed to its historical growth include significant advancements in AI, the growing use of cognitive computing applications, industry collaborations in neuromorphic computing, the demand for…
Major Market Shift in Neuromorphic Chips Industry: Launch Of Innovative Neuromor …
What Is the Forecasted Market Size and Growth Rate for the Neuromorphic Chips Market?
The neuromorphic chips market has witnessed rapid growth in recent years. It is forecasted to grow from $0.68 billion in 2024 to $0.78 billion in 2025, at a CAGR of 14.8%. The historical growth can be attributed to advancements in integrated circuit performance, increased adoption of speech and biometric recognition, progress in artificial intelligence (AI) and machine…
Neuromorphic Chip Market 2024 Research Report
Neuromorphic Chip Market
Neuromorphic computing is a branch of artificial intelligence (AI) that simulates the functionality of the human neuron. This report mainly studies Neuromorphic Chip market. A neuromorphic chip is an analog data processor inspired by the biological brain.
The global Neuromorphic Chip market was valued at US$ 16 million in 2023 and is anticipated to reach US$ 1228.4 million by 2030, witnessing a CAGR of 87.8% during the forecast…
Neuromorphic Computing Market: An Overview
Neuromorphic computing is a revolutionary approach that mimics the neural structure and functioning of the human brain. This technology aims to enhance computational efficiency and capabilities by creating hardware and software systems that can process information in a manner similar to biological systems. With its ability to handle vast amounts of data with lower power consumption, neuromorphic computing is gaining traction across various sectors, including artificial intelligence, robotics, and cognitive…
Neuromorphic Computing: Revolutionizing the Future of Technology
Neuromorphic computing is an advanced area of research and development that mimics the way the human brain operates. Unlike traditional computing systems that process information in a linear and sequential manner, neuromorphic systems are designed to emulate the brain's neural architecture. This approach allows for parallel processing, greater efficiency, and the potential to solve complex tasks more efficiently than conventional computers. Neuromorphic computing relies on specialized hardware and algorithms that…
Neuromorphic Computing Market- The Neuromorphic Computing Market Are Improving T …
Neuromorphic computing or neuromorphic engineering has been described as the use of large integration systems containing numerous analog circuits allowing the replication of neuro-biological behaviors existing in a human’s nervous system. The neuromorphic computing platform consists of two vital systems based on the custom hardware architecture. Such systems are designed to program neural microcircuits by applying brain-like thought process in cognitive computing and machine learning process. This procedure enables a…
