Global Neuromorphic Computing Market 2024-2028

Global Neuromorphic Computing Market 2024-2028
The neuromorphic computing market is forecasted to grow by USD 96.18 mn during 2023-2028, accelerating at a CAGR of 24.13% during the forecast period. The report on the neuromorphic computing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for memory density and high-processing power devices, shift from edge computing to cloud computing, and increase in demand for artificial intelligence and machine learning in end-user industries.

Technavio's neuromorphic computing market is segmented as below:

By ComponentHardwareSoftwareBy TypeEdge computingCloud computingBy Geographical LandscapeNorth AmericaEuropeAsiaRest of World (ROW)This study identifies the advent of Industry 4.0 in end-user industries as one of the prime reasons driving the neuromorphic computing market growth during the next few years. Also, new neuromorphic AI chips launches and increasing number of partnerships and acquisitions will lead to sizable demand in the market.

The report on the neuromorphic computing market covers the following areas:Neuromorphic computing market sizingNeuromorphic computing market forecastNeuromorphic computing market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading neuromorphic computing market vendors that include 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.. Also, the neuromorphic computing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.