Global Neuromorphic Computing Market Size study & Forecast, by Offering (Hardware, Software) by Deployment (Edge, Cloud), by Application (Image Recognition, Signal Recognition, Data Mining), by Vertical (Aerospace, Military & Defense, Automotive, Consumer

Global Neuromorphic Computing Market Size study & Forecast, by Offering (Hardware, Software) by Deployment (Edge, Cloud), by Application (Image Recognition, Signal Recognition, Data Mining), by Vertical (Aerospace, Military & Defense, Automotive, Consumer Electronics, Industrial, Medical, IT & Telecommunication and Others) and Regional Analysis, 2022-2029

Global Neuromorphic Computing Market is valued at approximately USD 3496.5 Million in 2021 and is anticipated to grow with a healthy growth rate of more than 21.2% over the forecast period 2022-2029. The term ""neuromorphic computing"" describes computer frameworks structured after the nerve and brain systems of humans. Neuromorphic Computing enables the highly ranged and proficient functions of a human brain in a machine. Neuromorphic computers can be added to current computers that carry out deep learning for artificial intelligence. For its Operation, Neuromorphic Computing uses an Artificial neural network. ANN replicates the structure of the human brain and the Neurons in artificial neural networks are linked to one another in different layers, just similar to a real Brain. The rise in the demand for Artificial Intelligence and high performance ICs and increasing investments by key market players may lead to the expansion of the Neuromorphic Computing Market.

In December 2019, Sony Corporation bought Insightness Firm, a Zurich-based company with a neuromorphic vision sensor that enables motion detection in a matter of milliseconds. The company has formed a cooperation with Paris-based Prophesee to expand the neuromorphic image sensor industry. The increasing investment and development of such key market players is adding to the growth of the Neuromorphic computing market. In Addition, the overall amount of business investment in artificial intelligence (AI) worldwide in 2020 was close to 68 billion dollars, 42.2 billion of which came from private sources. High Investments in AI boosting market growth. In the upcoming industry trends, Artificial General Intelligence is highly demanded, AGI systems are designed to carry out any task that humans are capable of. Additionally, the neuromorphic technology ought to be applied for security. However, a lack of investment in research and development stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Neuromorphic Computing Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is dominating the market with the highest revenue and the use of speech recognition technology powered by AI which is among the major trends in the area. As a result of the integration, its speech recognition algorithms could be improved to deliver superior voice quality. Asia Pacific seems to have the highest growth rate in the Neuromorphic Computing market. With the increasing investment in AI, Companies focusing on adopting new trends and developing technologies in the area.

Major market player included in this report are:
Brain Corporation
CEA-Leti
General Vision, Inc.
Hewlett-Packard Enterprise (HPE)
HRL Laboratories, LLC
International Business Machines Corporation
Intel Corporation
Knowm Inc.
Numenta
Qualcomm Technologies, Inc.

Recent Developments in the Market:
In January 2021, IBM introduced a new AI processor that claims to operate and develop deep learning models more quickly than a general-purpose CPU.
In October 2020, With Sandia National Laboratories, Intel signed a three-year partnership to investigate the potential of neuromorphic computing for scaled-up AI issues.
Global Neuromorphic Computing Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Offering, Deployment, Application, Vertical, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Offering offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
Hardware
Software

By Application:
Image Recognition
Signal Recognition
Data Mining
By Deployment:
Edge
Cloud
By Vertical:
Aerospace, Military & Defense
Automotive
Consumer Electronics
Industrial
Medical
IT & Telecommunication
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the WorldCompanies Mentioned
Brain Corporation
CEA-Leti
General Vision, Inc.
Hewlett-Packard Enterprise (HPE)
HRL Laboratories, LLC
International Business Machines Corporation
Intel Corporation
Knowm Inc.
Numenta
Qualcomm Technologies, Inc.

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