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London, July 26, 2022 (GLOBE NEWSWIRE) -- Global Neuromorphic Computing Market the new research report adds in Data Bridge Market Researchs reports database. This Research Report spread across 350 Page, 220 No of Tables, And 60 No of Figures with summarizing Top companies with tables and figures.

The comprehensive Neuromorphic Computing business report helps define commerce strategies to the businesses of small, medium as well as large size. All the data and statistics provided in this market report are backed up by latest and proven tools and techniques such as SWOT analysis and Porter's Five Forces Analysis. This report includes a range of inhibitors as well as driving forces of the market which are analysed in both qualitative and quantitative approach so that readers and users get precise information and insights about this industry. This Neuromorphic Computing market report is an ideal guide for actionable ideas, enhanced decision-making and better business strategies.

The neuromorphic computing market is expected to witness market growth at a rate of 52.50% in the forecast period of 2022 to 2029, and is estimated to reach the value of USD 34.61 billion by 2029. Data Bridge Market Research report on neuromorphic computing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the markets growth. The rise in demand for the technology globally is escalating the growth of neuromorphic computing market.

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Neuromorphic Computing report is delivered as the most relevant, unique, fair and creditable global market research report to valuable customers and clients depending upon their specific business needs. It facilitates in adjusting the production depending on the conditions of demand which avoids wastage of goods. Market research reports like this one surely helps to reduce business risk and failure. This report highlights numerous industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

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Important Key questions answered in the Neuromorphic Computing market report:

Major Segmentation: Neuromorphic Computing Market

On the basis of offering, the neuromorphic computing market is segmented into hardware and software. Hardware is further segmented into processor and memory.

On the basis of deployment, the neuromorphic computing market is segmented into edge computing and cloud computing.

On the basis of application, the neuromorphic computing market is segmented into image recognition, data processing, signal recognition, object detection and data mining.

On the basis of end-user, the neuromorphic computing market is segmented into aerospace and defense, it and telecom, medical, automotive, industrial and others.

Country Level Analysis:-

The neuromorphic computing market is analyzed and market size, volume information is provided by country, offering, deployment, applications and end user as referenced above.

The countries covered in the global neuromorphic computing market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

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Key Drivers:-

The rise in the number of applications in the area of automation across the globe acts as one of the major factors driving the growth of neuromorphic computing market. The increased demand for artificial intelligence for translation and chatterbots, computer vision and image processing, language processing, nonlinear controls and robotics accelerate the market growth. The advancement of disruptive technologies, such as artificial intelligence (AI) and machine learning (ML), and rise in demand for the technology owning to the low power consumption, higher speed, and optimum memory usage further influence the market. Additionally, urbanization and digitization, rise in biotechnology sector, expansion of end use industries and cross-industry partnerships and collaborations positively affect the neuromorphic computing market. Furthermore, adoption of neuromorphic computing for security purposes and design and development of neuromorphic chips for brain-based robots and cognitive robots extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

On the other hand, complex algorithms increasing complexity of designing hardware of neuromorphic chips and lack of knowledge about neuromorphic computing are expected to obstruct the market growth. Applications dependent on software compatibility of neural hardware are projected to challenge the neuromorphic computing market in the forecast period of 2022-2029.

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Neuromorphic Computing Market Size, Share, Competitive Analysis, Growth Status, Top Manufactures and Is Projected To Reach USD 34.61 Billion by 2029 -...