Market Overview:
The global neuromorphic computing market will touch USD 648.40 million and at a 49.92% CAGR in the forecast period (2020- 2027), states the latest Market Research Future (MRFR) report.
The requirement for better performing ICs, expansion popular for computerized reasoning and AI, and expanding the number of cross-industry organizations and joint efforts are key variables driving the development of the market. Computerized reasoning (AI) is being taken on in ventures like clinical, media, diversion, telecom, utility, aviation, military, customer gadgets, food, refreshments, and funneling.
A mix of AI frameworks and AI is set to reform the business climate with savvy choices. Notwithstanding, a few variables, for example, the absence of information about neuromorphic registering and complex calculations expanding the intricacy of planning equipment of neuromorphic chips, are obstructing the development of the neuromorphic figuring market. Additionally, matching a human's adaptability and capacity to gain from unstructured upgrades information can go about as a critical test in the market during the figure time frame.
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Market Segmentation
The global neuromorphic computing market is segmented based on application, end user, and offering.
By offering, the software segment will lead the market over the forecast period while the hardware segment will grow at a high CAGR.
By application, the image recognition segment will dominate the market over the forecast period.
By end user, the consumer electronics segment will spearhead the market over the forecast period.
Regional Analysis
North America to Have Lions Share in Neuromorphic Computing Market
North America will have the lions share in the market over the forecast period. It is likely to grow at a whopping 50.06% CAGR by 2025. The presence of top industry players, like IBM Corporation, Qualcomm Incorporated, and Intel Corporation, growing need for AI-based applications, growing adoption of neuromorphic computing, increasing adoption in US, Canada, and Mexico, developing industry verticals like aerospace and defense, consumer electronics, and aerospace and consumer acceptance for new technologies are fuelling the global neuromorphic computing market growth in the region.
Industry News
In the year 2021, there was a collaboration of the CRM with the Yale University for pioneering a better breakthrough in the cryptography of the post-quantum
In the year 2020, there have been researchers from the Penn state have come up with an amazing type of neuromorphic computing with a blend of graphene memristors.
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