Global Neuromorphic Computing Market

Mar 2019| VMF142A| Verified Market Research

Report Highlights

Global Neuromorphic Computing Market Size And Forecast To 2026

According to Verified Market Research, the market for Neuromorphic Computing Market was valued at USD 2.03 Billion in 2018 and is projected to grow at a CAGR of 19.20% to reach USD 8.32 Billion by 2026 over the forecast period.

Neuromorphic engineering, also known as neuromorphic computing, is a concept developed by Carver Mead, in the late 1980s, describing the use of very-large-scale integration (VLSI) systems containing electronic analog circuits to mimic neuro-biological architectures present in the nervous system. The Artificial Intelligence Hardware market report involves segments on the basis of processors, which are further broken into MPU, GPU, FPGA and Others, as well as Memory and Network.

The increasing demand for high-performance ICs and growing demand for artificial intelligence (AI) based services are driving the growth of the global Neuromorphic Computing Market. Factors such as the increased complexity of the hardware and software are affecting the growth of the market negatively.

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