Global neuromorphic computing market is expected to grow at a significant rate for the forecast period. Increase in demand for artificial intelligence and machine learning to improve the efficiency and performance of the devices as the combination of these two is expected to revolutionize the business environment by providing needful insights to make smart decisions. These devices are in high demand as they have several benefits over conventional devices such as image recognition, fraud detection, speech recognition, among others. Artificial intelligence technology finds application in various diverse industries comprising of defense, medical, entertainment, telecom, utility, telecom, food & beverages, among others. Neuromorphic chips are able large volume of data in parallel and the information can be stored in the neuromorphic chip itself in comparison to the central processing unit which constantly have to move the information from the memory store thereby leading to excessive power consumption by the device and slows down the optimum speed of processor. Capability of processing and storing information in a single device lowers the requirement of data sharing and movement from one space to another resulting in more efficient computing by the device. High-end investments by market players for research and development activities to produce better performing integrated chips is expected to accelerate the neuromorphic computing market growth. The major players operating in the global neuromorphic computing market are IBM Corporation, The Hewlett-Packard Company, Samsung Electronics Co. Ltd, Intel Corporation, Qualcomm Inc., Brain Corporation, General Vision Inc., HRL Laboratories, Vicarious Systems Inc., Knowm Inc., among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=7592 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/neuromorphic-computing-market/7592.html