Neuromorphic Computing Market Projected to Hit USD 15.5 Billion at a 25.3% CAGR by 2031

Neuromorphic Computing Market 2024-2031 Forecast: Unveiling Opportunities and Growth

Global Neuromorphic Computing Market is an exploration report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. These bits of knowledge offered in the Neuromorphic Computing Market report would benefit request players to define systems for the future and gain a solid situation in the worldwide market request development. Other than this, the specialists have profoundly contemplated distinctive geological regions and introduced a serious situation to help new rivals, driving business sector players and fiscal backers to decide arising economies.

According to Insider Market Research, the Neuromorphic Computing Market size is estimated to increase by USD 15.5 Billion at a CAGR of 25.3% from 2024 to 2031. Currently, the market value is pegged at USD 5.2 Billion.

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Key Players in the Neuromorphic Computing market:
BrainChip Holdings Ltd., General Vision Inc., Applied Brain Research Inc., Samsung Electronics Ltd., IBM Corporation, Intel Corporation, Vicarious, Numenta, Qualcomm Incorporated, Samsung Electronics Ltd.

Market Leaders & Development Strategies:

August 28, 2023 - BrainChip Holdings Ltd the world's first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI IP, announced a partnership with Tata Elxsi, a leading design and technology services provider, joining its Essential AI ecosystem.
December 15, 2023 - BrainChip Holdings Ltd, the world's first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI IP, unveiled previews of the industry's first Edge box using neuromorphic technology, developed in collaboration with VVDN Technologies, a premier electronics and manufacturing company.
March 04, 2024: IBM announced the expansion of IBM Technology Expert Labs capacity in India, focused on helping clients to fully realize the potential of technologies like AI, Hybrid Cloud, and Cybersecurity, to keep their businesses strong in a highly competitive landscape.

Market Drivers:
Advancements in Artificial Intelligence (AI) and Machine Learning (ML)
Energy Efficiency
Parallel Processing Capability

Market Restraints:
High Development Costs
Limited Commercial Availability

Market Opportunities:
Emerging Applications in Edge Computing
Integration with Internet of Things (IoT) Devices

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Market Segmentation & Coverage:

This research report categorizes the Neuromorphic Computing Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Offerings: The market is segmented into Hardware & Software.

Based on Development: The market is segmented into Edge Computing, Cloud Computing.

Based on Application: The market is segmented into Image Recognition, Signal Recognition, Data Mining, Others.

Based on Industry Vertical: The market is segmented into Consumer electronics, Automotive, IT & Telecom, Aerospace & Defense, Industrial, Healthcare, Others.

Neuromorphic Computing Market Regional Analysis:

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Neuromorphic Computing in these regions, covering

North America (USA, Canada and Mexico)
Europe (UK, Germany, France and the Rest of Europe)
Asia Pacific (China, Japan, India, and the Rest of the Asia Pacific region)
South America (Brazil, Argentina and the Rest of South America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)

** Note - This report sample includes:

Scope For 2025
Brief Introduction to the research report.
Table of Contents (Scope covered as a part of the study)
Top players in the market
Research framework (structure of the report)
Research methodology adopted by Insider Market Research

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FIVE FORCES & PESTLE ANALYSIS:

In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.

• Political (Political policy and stability as well as trade, fiscal, and taxation policies)

• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)

• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)

• Technological (Changes in digital or mobile technology, automation, research, and development)

• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)

•Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

Key takeaways from the Neuromorphic Computing Market report:

• Detailed consideration of Neuromorphic Computing industry-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.

• In-depth study of industry strategies for growth of the Neuromorphic Computing market-leading players.

• Neuromorphic Computing market latest innovations and major procedures.

• Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.

• Conclusive study about the growth conspiracy of Neuromorphic Computing market for forthcoming years.

Direct Contact:
Greta Richards
Business Development Manager
Insider Market Research
+1 614 385 1709
Email: greta@insidermarketresearch.com
Website: https://www.insidermarketresearch.com/

About Us:
Insider Market Research, we are dedicated to providing you with the comprehensive insights and detailed analyses you need to leverage the power of data and marketing, ensuring your business stays ahead of the curve.

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