Neuromorphic technology is primarily based on the working principal of neurons and neural circuits located in the human brain. A neuromorphic chip is VLSI (Very Large Scale Integration) systems that consist of electronic analog circuits in order to mimic the function of various neuro-biological architectures located in the nervous system of a human body. The connections, emulated neuron and wires present in a neuromorphic chip perform the functions of synapses, neuron cell body and axon of a neurons respectively. Neuromorphic chip is an amalgamation of transistors and memristors implanted over a silicon fabrication chip that reduces memory consumption in real time manner extensively. Recent technological advancements taking place in the field of miniaturizing integrated circuit used extensively for data analytic technique for drawing predictive analysis from any set of complex and large data is the most important factor behind the exponential growth of the Data Processing Neuromorphic Chip market during the forecast period from 2017 to 2025.

Increasing demand for data processing neuromorphic chip in order to analyze big data arising for various end user segment in order to evaluate and understand futuremarket trend, to fight against disease or to combat with crime is the key factor anticipated to boost the demand of Data Processing Neuromorphic Chip market in the coming years.On the other hand, amidst the prevailing uncertainty in the ever-changing consumer behavior, increasing adoption of technologically advanced data analytic solution among various corporates for deriving actionable insights from the enormous volume of internal data related to sale is another important factor anticipated to trigger the use of neuromorphic chip for data processing during the forecast period.Neuromorphic chips are used extensively in order to increase the performance, sensitivity and scalability of a machines by consuming less power. In addition, owing to various possibilities for developing a data processing systems that are more robust and precious, rising utilization of artificial intelligence in the field of data processing is also anticipated to boost the market growth of data processing neuromorphic chip in the coming years.

In spite of so many driving factors operating in the market, increasing complexity of hardware designing due to use of complex algorithms coupled with lack of knowledge regarding neuromorphic chip are some of the major factors anticipated to deter the market growth of data processing neuromorphic chip to some extent in the coming years.

In order to provide an in-depth analysis of the market, the global data processing neuromorphic chip market has been segmented on the basis of end use industry and geography. Data processing neuromorphic chip is used across various end use industry including BFSI (Banking, Financial Services and Insurance), defense, healthcare, retail sector, manufacturing sector, information technology and communication, research work, media and entertainment and others. The others segment includes application of data processing neuromorphic chip in utility sector and transportation sector. Moreover, information related to current market situation along with future anticipated market trend of all the above mentioned end use segment across different regions including Asia Pacific, Europe, North America, Middle-East and Africa (MEA) and Latin America is also highlighted in this report.

Among different end use Industry, data processing neuromorphic chip is majorly used across various BFSI (Banking, Financial Services and Insurance) sector in 2016. However, application of data processing neuromorphic chip in the health care sector is anticipated to experience the fastest growth during the forecast period from 2017 to 2025. Rising need of monitoring the entire healthcare system of various patients and for providing advanced medical treatment, is also expected to accelerate the demand of technologically advanced data processing neuromorphic chip at an exponential rate in the coming years.

Geographically, North America held the largest market share in the Data Processing Neuromorphic Chip market in 2016. On the other hand, Asia pacific region is predicted to witness the most promising demand of data processing neuromorphic chip during the forecast period from 2017 – 2025. Rapid growth and expansion of the manufacturing industry and data centers in Asia pacific region especially in China and India is anticipated to trigger the need of advanced analytics for handling huge volume of data generated from various end use industry. This in turn is expected to drive the demand of data processing neuromorphic chip in the near future.

Though few market players are present in the global data processing neuromorphic chip market,the market is highly competitive in nature owing to the strong foothold of some key players. Some of the major players operating in the Data Processing Neuromorphic Chip market include Samsung Electronics Limited (Korea), Intel Corp. (The U.S) and IBM (International Business Machines Corporation) (The U.S) among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Data Processing Neuromorphic Chip Market