Neuromorphic Computing Market size to grow by USD 96.18 million from 2023 to 2028, North America to account for 40% of market growth - Technavio

NEW YORK, Nov. 13, 2023 /PRNewswire/ -- The neuromorphic computing market is expected to grow by USD 96.18 million from 2023 to 2028. In addition, the momentum of the market will be progressing at a CAGR of 24.13% during the forecast period, according to Technavio's Research. The market has been segmented by component (Hardware and Software), type (Edge computing and Cloud computing), and geography (North America, Europe, Asia, and Rest of World (ROW)). North America is estimated to account for 40% of the global market growth during the forecast period. North America stands out as one of the primary regions with substantial markets for neuromorphic computing. This is primarily attributable to the substantial R&D investments made by local businesses and the well-informed integrator community specializing in neuromorphic computing chips. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read PDF Free Sample Report

Company Profile:

Accenture Plc, BrainChip Holdings Ltd, CEA, General Vision Inc., GrAI Matter Labs Inc., Hewlett Packard Enterprise Co., Intel Corp., International Business Machines Corp., Knowm Inc., Numenta Inc., Samsung Electronics Co. Ltd., SK hynix Co. Ltd., and The Boeing Co..

Accenture Plc: The company offers neuromorphic computing solutions such as AI powered by brain-like computing architectures which are energy efficient, low latency, and rapid learning.

    To gain access to more vendor profiles available with Technavio, buy the report!

Neuromorphic Computing Market: Segmentation Analysis

• The hardware segment is estimated to witness significant growth during the forecast period. This segment encompasses computer components that simulate neurological or artificial neural networks. Several key factors are playing a significant role in driving the growth of this segment. These include the increasing adoption of neuromorphic computing chips within end-user industries and a surging demand for high-processing power devices, as well as the growing need for artificial intelligence (AI) and machine learning (ML) capabilities.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Free Sample Report

"Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio

Neuromorphic Computing Market: Driver & Trend:

Rising demand for memory density and high-processing power devices is notably driving the market growth. The increasing demand for memory-intensive applications, such as big data analytics, artificial intelligence, and the Internet of Things (IoT), has driven the expansion of the neuromorphic computing market.

The advent of Industry 4.0 in end-user industries is an emerging trend shaping the market growth. 

Strategic alliances among market vendors are a key trend in the neuromorphic computing market. Identify key trends, drivers, and challenges in the market. Download a sample to gain access to this information.

Related Reports:

The Non-volatile Dual In-line Memory Module (NVDIMM) market is estimated to grow at a CAGR of 37.55% between 2023 and 2027. The size of the market is forecast to increase by USD 6,750.18 million. 

The Global Memristor Memory Devices Market size is estimated to grow at a CAGR of 52.12% between 2022 and 2027. The size of the market is forecast to increase by USD 39,446.25 million. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Component

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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