Post Covid:19 Update: Neuromorphic Computing Market To Reach USD 370 Million By 2027 | CAGR 53.6% — Forencis Research

  • According to the new market research report “Neuromorphic Computing Market by Component (Hardware, Software), by Application (Object Classification, Trading Pattern Detection, Price Prediction, Surveillance, Vision Guided Robotics, Others), by End-User (Aerospace, Automotive, Healthcare, Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America,) — Global Forecast (2019 to 2027)”, the global neuromorphic computing market is estimated to reach USD 370 Billion by 2027 at a CAGR of around 53.6% during the review period.
  • Increasing demand for Artificial Intelligence (AI), maturing computing industry driving the demand for neuromorphic computing market.
  • However, complexity of the technology remains a significant challenging factor for the growth of the neuromorphic computing market.
  • Growing demand for AI is expected to drive the market of neuromorphic computing, as the AI has various applications and is being adopted rapidly, neuromorphic computing may enhance the operational efficiency of AI based systems.
  • Incorporating neuromorphic technology in the self-driven vehicles is expected to rise the market in near future as the self-driven vehicles can make unstructured decisions using neuromorphic chips.
  • Complexity of the neuromorphic technology is expected to challenge the growth of the market as the technology have very complex structure similar to human brain and to imitate the algorithm on a chip is very tricky.
  • Asia-Pacific
  • Europe
  • Intel Corporation:
  • BrainChip Holdings Ltd:

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
DataBridge Market Research

DataBridge Market Research

28 Followers

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach