Brain-like Computing Chip Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Brain-like Computing Chip Market Analysis - 2028
The global Brain-like Computing Chip market size is projected to reach US$ 1436 million by 2028, from US$ 13 million in 2021, at a CAGR of 94.7% during 2022-2028.

Key drivers of the brain-like computing chip market include the rising need for data mining applications. The increasing use in the healthcare industry will fuel the growth of the brain-like computing chip market. The huge scope in the automotive industry will drive the growth of the market during the forecast period.

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Brain-like Computing Chip Market Trends
Importance of Data-mining
Data mining has gained significant traction in the last few years. Brain-like chips work in combination with voice and gesture commands to provide AI-like capability to smart vehicles. Neuromorphic chips copy the human brain structure as each neuron transmits the message to other neurons and the entire system learns by reinforcing connections. It is adept at tracking patterns in large volumes of noisy data which helps in speeding up the overall learning process. This will bolster the growth of the brain-like computing chip market during the forecast period. Mining understands the correct form of data and collects it from various sources for proper analysis. It resolves data issues like corruption, duplication, and stolen data. It makes informed decisions and helps detect several cases of fraud.
Brain-like Computing Chip Market Growth
Based on product type, data mining is the largest segment in the brain-like computing market share with 93%.
Based on application, the brain-like computer will witness considerable growth with an 86% share.
Based on region, North America is the largest with a 43% market share due to rising investments and the presence of key players.

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Brain-like Computing Chip Market by Type
• Data Mining
• Image Identification and Signal Processing
Brain-like Computing Chip Market by Application
• Brain-Like Computer
• Other
Major Players in the Brain-like Computing Chip Market
• Intel Corporation
• IBM Corporation
• Eta Compute
• nepes
• GrAI Matter Labs
• GyrFalcon
• aiCTX
• BrainChip Holdings
• SynSense

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