PUNE, India, Sept. 25, 2016 /PRNewswire-iReach/ -- Increasing
adoption of software for various applications expected to drive the
growth of the neuromorphic computing market. Increasing adoption of
software, due to its applications such as continuous online
learning, real-time data streaming, predictive analysis, and data
modeling, in video monitoring, machine vision, and voice
identification applications is expected to be a major driving
factor for the growth of the market. Lack of R&D investments
and lack of knowledge about neuromorphic computing among consumers
are the major restraints of neuromorphic computing market.
Complete report on "Neuromorphic Computing Market" spread
across 163 pages, profiling 08 companies and supported with 70
tables and 68 figures is now available at
http://www.rnrmarketresearch.com/neuromorphic-computing-market-by-offering-hardware-software-application-image-recognition-signal-recognition-data-mining-industry-aerospace-defense-it-telecom-automotive-medical-industrial-and-ge-st-to-2022-market-report.html
.
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Image recognition application holds the largest share of the
neuromorphic computing market for the aerospace & defense
industry. Image recognition application holds the largest share of
the neuromorphic computing market for the aerospace. Various
approaches to allow neuromorphic computing to learn algorithms are
based on the image recognition technology. Aerospace & defense
is the largest application area for image recognition since it is
used for surveillance and security, tracking, and targeting and in
drones. Growth in the market for image recognition is expected to
be driven by the increasing adoption of drones and UAVs. Video
monitoring and machine vision are the major factors driving the
growth of the market for image recognition.
This research study is obliging for following audience:
- Fabless manufacturers
- Pure-play semiconductor foundries
- Research laboratories in universities
- Government institutions
- Research organizations
- Forums, alliances, and associations
- Industries such as aerospace & defense, automotive, IT
& telecom, industrial, and medical, among others
The neuromorphic computing market in North America grows at the
highest rate in the coming years. High awareness pertaining to the
benefits of neuromorphic computing in various industries such as
aerospace, military & defense and medical is a major driver for
the growth of the neuromorphic computing market in North America. The U.S. being the leading
country in the adoption of artificial intelligence for machine
learning, natural language processing (NLP), image processing, and
speech recognition across industries such as healthcare and
automotive & transportation is driving the growth of the
neuromorphic computing market in North
America.
Major players operating in the neuromorphic computing market
include IBM Corp.(U.S.), HP Corp. (U.S.), Samsung Electronics Ltd.
(South Korea), Intel Corp. (U.S.),
HRL Laboratories, LLC (U.S.), General Vision Inc. (U.S.), Applied
Brain Research Inc. (U.S.), and BrainChip Holdings Ltd. (U.S.).
Make an Inquiry on "Neuromorphic Computing Market by
Offering (Hardware, Software), Application (Image Recognition,
Signal Recognition, Data Mining), Industry (Aerospace &
Defense, IT & Telecom, Automotive, Medical & Industrial)
and Geography - Global Forecast to 2022" research report at
http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=696522
.
In the process of determining and verifying, the market size for
several segments and sub segments gathered through secondary
research, extensive primary interviews were conducted with key
people. In Tier 1 (35%), Tier 2 (40%) and Tier 3 (25%) companies
were contacted for primary interviews. The interviews were
conducted with various key people such as C-level Executives (45%),
Directors (35%) and Managers (20%) from various key organizations
operating in the neuromorphic computing market. The primary
interviews were conducted worldwide covering regions such as
North America (40%), Europe (30%), APAC (20%) and RoW (10%).
On a related note, another research titled Image Recognition
Market Global Forecast To 2022 says, the global image
recognition market to grow from USD 12.49
billion in 2015 to USD 29.98
billion by2020, at a CAGR of 19.1%. Asia-Pacific (APAC) is expected to become one
of the major adopters of image recognition techniques by 2020.
Increasing demand for data analytics will create new opportunities
in this market. Companies such as Qualcomm Technologies, NEC
Corporation, Google, Inc., LTU Technologies, Catchoom Technologies
S.L., Honeywell International, Inc., Hitachi Ltd., SLYCE Holding,
Inc, WIkitudeGmbh and Attrasoft, Inc. have been profiled in this
138 pages research report available at
http://www.rnrmarketresearch.com/image-recognition-market-by-technology-pattern-recognition-by-component-hardware-software-service-by-application-marketing-and-advertising-by-deployment-type-on-premises-and-cloud-by-industry-vertical-st-to-2022-market-report.html
.
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