Outlook on the Neuromorphic Computing Global Market to 2027 - Emerging Applications Pertaining to Automation Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Neuromorphic Computing Market (2022-2027) by Components, Deployment, Application, Industry, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Neuromorphic Computing Market is estimated to be USD 34.23 Bn in 2022 and is projected to reach USD 225.52 Bn by 2027, growing at a CAGR of 45.8%.

Market dynamics are forces that impact the prices and behaviors of the Global Neuromorphic Computing Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Neuromorphic Computing Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Neuromorphic Computing Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Neuromorphic Computing Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Market Dynamics

Drivers

• Need for Better-Performing ICS
• Increase in Demand for Artificial Intelligence and Machine Learning

Restraints

• Lack of R&D and Investments is Slowing Down Development of Real-World Applications
• Complex Algorithms Increase Complexity of Designing Hardware of Neuromorphic Chips
• Lack of Knowledge about Neuromorphic Computing

Opportunities

• Emerging Applications Pertaining to Automation
• Adoption of Neuromorphic Computing for Security Purposes
• Growing Potential of AI and Neuromorphic Computing in Medical Science and Medical Imaging

Challenges

• Applications Dependent on Software Compatibility of Neural Hardware
• Matching a Human's Flexibility and Ability to Learn from Unstructured Stimuli Data

Market Segmentations

The Global Neuromorphic Computing Market is segmented based on Components, Deployment, Application, Industry, and Geography.

• By Components, the market is classified into Hardware and Software.
• By Deployment, the market is classified into Edge Computing and Cloud Computing.
• By Application, the market is classified into Image Recognition, Signal Recognition, and Data Mining.
• By Industry, the market is classified into Aerospace and Defense, IT and Telecom, Automotive, Medical, Industrial, and Others.
• By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Companies Mentioned

• Applied Brain Research Inc
• Aspinity Inc
• Brainchip Holdings Ltd Ceryx Medical
• Cognixion
• General Vision Inc
• Hewlett Packard Enterprise HRL Laboratories LLC IBM Corp Innatera Nanosystem Intel Corp Koniku
• Mindmaze
• Natural Intelligence System Neuropace
• Numenta
• Qualcomm
• Samasung Electronics Ltd
• Vicarious

For more information about this report visit https://www.researchandmarkets.com/r/ye8qr4