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Neuromorphic Computing Market is Predicted to Touch USD 648.40 Million by 2025 at a whopping 49.92% CAGR – Report by Market Research Future (MRFR)

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New York, US, July 30, 2021 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Global Neuromorphic Computing Market information by Offering, by End-User, by Application and Region – forecast to 2027” the market would touch a valuation of USD 648.40 million, growing at a massive 49.92% CAGR by 2025.

Market Scope:
Increasing adoption of neuromorphic computing platforms across the verticals to increase speed, performance, and scalability positively impacts the market growth.Neuromorphic computing systems are designed to mimic the biological structures of the brain. In the future, this technology is expected to enable robots embedded with computing hardware to make decisions on their own. Besides, neuromorphic computing would provide a neuroscience tool to simplify the dynamic processes of learning and development in the brain, implying brain inspiration to generic cognitive computing.

AI and neuromorphic computing seek to imitate and, more often than not, outperform human intelligence. Yet, both technological approaches are limited by the hardware capabilities on which these systems function. Neuromorphic architectures demonstrate the huge potential for deploying machine learning algorithms in the future.

Dominant Key Players on Neuromorphic Computing Market Covered Are:

  • Nvitation AG (Switzerland)
  • aiCTX AG (Switzerland)
  • Aspinity Inc (US)
  • Numenta(US)
  • Vicarious (US)
  • General Vision(US)
  • Qualcomm Incorporated (US)
  • HRL Laboratories (US)
  • Hewlett Packard Development LP (US)
  • BrainChip Holdings Ltd (Australia)
  • SAMSUNG (South Korea)
  • Applied Brain Research (Canada)
  • Intel Corporation (US)
  • IBM Corporation (US)

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The approach promises to enhance the overall learning performance for specific tasks and develop algorithms that can learn in real-time, just as biological brains. Machine learning capabilities would further drive the interest in neuromorphic computing. The technology would also deliver a powerful method of creating futuristic computing hardware and revolutionary AI software.

Though neuromorphic computing is relatively new and promises many advantages, many ethical considerations around its usage can restrict its adoption. One of the most significant ethical challenges in neuromorphic computing is public perception. The skepticism among people about the idea of using robots in children and elderly care impedes the growth of the neuromorphic computing market.

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Market USP exclusively encompassed:
Market Drivers
Neuromorphic Computing to Change the Technology Game
The neuromorphic computing approach draws inspiration from the human brain, where memory and logic are fused. The technology promises to completely transform the technology industry from programming languages to hardware. Neuromorphic computing holds the potential to emerge as a vital application in industries such as healthcare, manufacturing, and aerospace & defense.

Neuromorphic solutions are witnessing exponential traction from venture capitalists and government bodies. The neuromorphic computing market is witnessing increased funding and support from the public and private organizations. Besides, major OEMs are investing, driving the neuromorphic computing market growth significantly.

 Browse In-depth Market Research Report (113 Pages) on Neuromorphic Computing Market: 
https://www.marketresearchfuture.com/reports/neuromorphic-computing-market-5110

Segmentation of Market covered in the research:
The neuromorphic computing market forecast is segmented into offering, application, end-user, and region.
The offering segment is sub-segmented into software and hardware. The software segment holds a larger market share. The segment is projected to remain dominant, while the hardware segment is estimated to grow at a higher CAGR during the forecast period.

The application segment is sub-segmented into object detection, data mining, signal recognition, image recognition, and others. The image recognition segment is projected to remain dominant, while the data mining segment growth is rise at a higher CAGR during the review period.

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The end-user segment is sub-segmented into industrial, IT and telecommunications, aerospace and defense, consumer electronics, automotive, and others. The consumer electronics segment is projected to remain the largest, while the IT and telecommunications segment growth is rise at a higher CAGR during the review period.

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Regional Segmentation
North America dominates the global neuromorphic computing market. The strong presence of major technology providers, such as Qualcomm Incorporated, Intel Corporation, and IBM Corporation, positively impacts the neuromorphic computing market size in the region. Besides, factors such as the augmenting demand for AI-based applications and advanced analytics platforms in the region drive the growth of the neuromorphic computing technology market.

Booming industry verticals like consumer electronics, robotics technology, and aerospace & defense, alongside the consumer acceptance for new technologies, add to the region’s neuromorphic computing market growth. Mexico, Canada, and the US are major neuromorphic computing markets in the region. The North American neuromorphic computing market is predicted to retain its dominance over the global market, registering a massive 50.06% CAGR throughout the forecast period.

Europe holds the second-best position globally in terms of neuromorphic computing market revenue. Factors such as the growing adoption of AI, machine learning, and IoT-based systems and the rising demand for better efficiency and productivity of overall processes influence the market growth. Additionally, the spurring rise in industries including aerospace & defense, IT & telecom, automotive, and others boost the region’s neuromorphic computing market share.

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The Asia Pacific is witnessing significant growth in the neuromorphic computing market value. The market growth is driven by the increasing adoption of AI, IoT, data analytics, and other technologies & solutions in various industries. Moreover, the demand for automated systems and fast networks & processors with high computing power drives the neuromorphic computing industry in the region. Growing investments in the development of computing technology foster the growth of the regional market.

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Industry Trends
Rising demand for artificial intelligence and machine learning is predicted to continue to bolster market growth in future years. Additionally, the growing adoption of effective neuromorphic computing platforms in industries such as automotive, healthcare, aerospace & defense, and consumer electronics boosts the market size. Increasing applications in voice identification, machine vision, and video monitoring, influence market growth.

Moreover, the rapidly growing sensors market, the need for better performing ICs, and growing demand for neuromorphic quantum computers & chips are major industry trends defining the growing market landscape. The growing use of software in different applications would offer robust opportunities. The rising adoption of software in applications like data modeling, predictive analysis, real-time data streaming, and constant online learning may offer robust opportunities to market players.

Competitive Analysis:
The neuromorphic computing market is estimated to witness several strategic partnerships, alongside other strategic initiatives such as expansion, collaboration, mergers & acquisitions, and product & technology launches. Leading industry players make strategic investments in research and development activities and fostering their expansion plans.

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For instance, on Mar. 04, 2021, EMD Performance Materials announced further investments in its electronics business, and the name changed to EMD Electronics. This move demonstrates the company’s expanded focus on the US electronics business. EMD Electronics, a business of Merck KGaA, Germany, includes a broad portfolio of semiconductor materials, semiconductor delivery systems & services, display, and surface solutions.

EMD Electronics has launched a program to enable new inventions for start-ups and early-stage companies looking to advance their technologies in the areas of neuromorphic computing, displays, semiconductor materials, AI-enabled materials development, and smart manufacturing. The EvoNexus MarketLink Program is expected to go live by Mar. 12.

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

Workers embrace AI and prioritise skills growth amid rising workloads and an accelerating pace of change: PwC 2024 Global Workforce Hopes & Fears Survey

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Almost half (45%) of workers say their workload has increased significantly in the past year, as almost two-thirds (62%) say the pace of change at work has increased over the same timeMore than one-quarter (28%) say they are very or extremely likely to switch employer in the next 12 months – a higher proportion than during the ‘Great Resignation’ (19%) in 2022Employees prioritise skills-growth: fewer than half (46%) strongly or moderately agree that their employer provides adequate opportunities to learn new skills. This is particularly important for workers considering leaving: two-thirds (67%) say opportunities to learn new skills are a key factor in any decision to job-switchMore than 80% of workers who use generative AI daily expect it to make their time at work more efficient in the next 12 months. Half (49%) of all users expect it to lead to higher salariesCost-of-living pressures ease slightly: the proportion of workers with money left over each month rises to 45% (compared to 38% in 2023). However, 52% say they are still financially stressedLONDON, June 25, 2024 /PRNewswire/ — Among more than 56,000 workers across 50 countries and territories, many say they are prioritising long-term skills growth to accelerate their careers amid rising workloads and heightened workplace uncertainty, according to PwC’s 2024 Global Workforce Hopes & Fears Survey, published today.

In the last 12 months, workers say they have experienced rising workloads (45%) and an accelerating pace of workplace change. Nearly two-thirds (62%) say they have experienced more change at work in the past year than the 12 months prior, with two-fifths (40%) noting their daily responsibilities have changed to a large or very large extent. Almost half (44%) don’t understand the purpose of changes taking place.
In the midst of this growing mix of employee pressures, the findings suggest workers are alert to opportunities elsewhere, and are highly focused on skills growth and embracing AI.
More than one-quarter (28%) say they are likely to switch employer in the next 12 months, a percentage far higher than during the ‘Great Resignation’ (19%) of 2022. Two-thirds (67%) of those considering moving say skills is an important factor in their decision to stay with their current employer or switch to a new one.
Carol Stubbings, Global Markets and Tax & Legal Services (TLS) Leader, PwC UK, said:
“As workers face heightened uncertainty, rising workloads and continue to face financial stress, they are prioritising skills growth and embracing new and emerging technologies such as GenAI to turbocharge their growth and accelerate their careers. The findings suggest that job satisfaction is no longer enough. Employees are placing an increased premium on skills growth in a climate characterised by constant technological change. Employers must ensure they are investing in their employees and technological platforms to mitigate employee pressures and retain the brightest talent.”
Workers embrace AI to ease workplace pressures and unlock personal growth
As employees face heightened workplace pressures, they are also turning to new and emerging technologies such as generative AI (GenAI) to help. Among those employees who use GenAI daily, 82% expect it to make their time at work more efficient in the next 12 months.
Employees are also optimistic about opportunities for GenAI to support their growth. Half (49%) of all users expect GenAI to lead to higher salaries – an expectation that’s even higher (76%) among employees who use the technology daily. More than 70% of users agree that GenAI tools will create opportunities to be more creative at work (73%) and improve the quality of their work (72%).
The skills imperative
Workers are placing an increased premium on skills growth to mitigate their concerns and accelerate their careers. Employees who say they are likely to switch employers in the next 12 months are nearly twice as likely to strongly consider upskilling in that decision than workers planning to stay (67% vs. 36%). This comes as fewer than half (46%) of all employees moderately or strongly agree that their employer provides adequate opportunities to learn new skills that will be helpful to their careers.
Employees who are likely to leave in the next year may be more attuned to skills changes that are needed than the general workforce, with 51% moderately or strongly agreeing that the skills their job requires will change in the next five years (vs. 29% of those unlikely to change employer).
There is particular interest in the impact of AI on skills development, with 76% of all users expecting it to create opportunities to learn new skills at work. However, employers will need to invest heavily in new and emerging technology training and access. Among employees who have not used GenAI at work in the last 12 months, one-third (33%) don’t think there are opportunities to use the technology in their line of work, while 24% don’t have access to the tools at work, and 23% don’t know how to use the tools.
Despite the pace of change, there are also signs of optimism and engagement at work. 60% of workers expressed at least moderate job satisfaction (up from 56% in 2023) while more than half (57%) of employees who view fair pay as important agree that their job is fairly paid. Cost-of-living pressures have slightly eased since 2023 (the proportion of workers with money left over each month has risen to 45%, up from 38%). However,  more than half (52%) say they are still financially stressed to some degree.
Pete Brown, Global Workforce Leader, PwC UK, said:
“Technology is fundamentally transforming the way work gets done and the types of skills employers are looking for. Employees are therefore placing an increased premium on organisations that invest in their skills growth so that they can stay relevant and thrive in a digital world. Businesses in turn must be proactive in their upskilling programs – prioritising the employee experience and being transparent. Because when you meaningfully engage your workforce, they become an accelerant for successful transformation.”
Notes to Editors: 
About the Survey
In March 2024, PwC surveyed 56,600 individuals across 50 countries and territories who are in work or active in the labour market. The sample was designed to reflect a range of industries, demographic characteristics and working patterns. You can read the full report on pwc.com.
About PwC
© 2024 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
Contact:  Imran Javaid, Global Corporate Affairs and Communications, PwC UK: [email protected] Dan Barabas, Global Corporate Affairs and Communications, PwC UK: [email protected]
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Amagi Showcases New Stream Technology With VIZIO

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Amagi’s new Zero Slate delivers personalized linear streaming, resulting in increased viewership on VIZIO FAST channels 
NEW YORK, June 24, 2024 /PRNewswire/ — Amagi, the global leader in cloud-based SaaS technology for broadcast and Connected TV (CTV), today announced the first successful showcase of Amagi’s Zero Slate technology on VIZIO’s owned and operated WatchFree+ channels, part of Amagi’s broader Stream Personalization initiative. This innovative new offering enhances the streaming experience with its highly impactful, patent-pending technology that can dynamically adjust the length of ad breaks on a per-viewer basis, eliminating the need for slates or filler to round out linear ad breaks.

This new “viewer-first” personalized approach to digital streaming has already demonstrated a lift in viewership (Amagi ANALYTICS showing more than 20% increase) on VIZIO’s owned and operated channels utilizing the Zero Slate capabilities. This industry-first innovation from Amagi paves the path for a more engaging and profitable future for entertainment and enhanced viewer experiences.
Data from Amagi ANALYTICS indicates that slates, often used to fill the unsold portion of ad pods, may increase viewer churn by as much as 15% in today’s Free Ad-supported Streaming TV (FAST) ecosystem. Zero Slate’s early success demonstrates that personalizing pod length can boost viewer engagement, enabling more high-quality viewing experiences over time. This capability also represents an important first step for Amagi toward a broader suite of Stream Personalization capabilities that offer even more engaging linear viewing experiences.
“We are pleased to partner with Amagi on this showcase of their Zero Slate technology. This collaboration reinforces VIZIO’s commitment to enhancing user experiences and delivering personalized content as we expand Zero Slate across more channels,” said Katherine Pond, Group Vice President of Platform Content and Partnerships at VIZIO.
“We are grateful to have partnered with an industry leader like VIZIO to test the impact of our new Zero Slate capability and are excited about Stream Personalization’s ability to further transform the linear viewing experience,” said Srinivasan KA, Co-founder and Chief Revenue Officer, Amagi.
About VIZIOFounded and headquartered in Orange County, California, our mission at VIZIO Holding Corp. (NYSE: VZIO) is to deliver immersive entertainment and compelling lifestyle enhancements that make our products the center of the connected home. We are driving the future of televisions through our integrated platform of cutting-edge Smart TVs and powerful operating system. We also offer a portfolio of innovative sound bars that deliver consumers an elevated audio experience. Our platform gives content providers more ways to distribute their content and advertisers more tools to connect with the right audience.
For more information, visit VIZIO.com and follow VIZIO on Facebook, Twitter, and [email protected] 
About AmagiAmagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and over 5,000 channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, London, Paris, Melbourne, Seoul, Singapore, and broadcast operations in New Delhi, and innovation centers in Bengaluru, Zagreb, and Łódź.
Link to Word Doc: www.wallstcom.com/Amagi/240624-Amagi-VIZIO_ZSlate.docx 
Agency Contact:Joseph LesieutreWall Street CommunicationsEmail: [email protected]
Amagi Contact:Aashish WashikarDirector – Corporate CommunicationsEmail: [email protected]: +91 9533390005

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ResourceWise Brings Its Cross-Commodity Data and Analytics Expertise to New Oleochemicals Service

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ResourceWise has met a key milestone in providing cross-commodity price benchmarks, data, and analysis on chemicals, forest products, and decarbonization markets. 
CHARLOTTE, N.C., June 24, 2024 /PRNewswire/ — ResourceWise has met a key milestone in providing cross-commodity price benchmarks, data, and analysis on chemicals, forest products, and decarbonization markets. 

For the first time, one digital product encompasses expertise that spans all the key commodity sectors that ResourceWise covers. Dedicated to renewable feedstock, the new platform-based oleochemicals analysis and insight tools draw on decades of experience within each distinct business sector. 
Dwight Lynch, Biomaterials Business Manager at ResourceWise, is leading the transition towards data and insight on renewable intermediates and biobased and biodegradable polymer inputs. 
“Navigating oleochemicals markets at a time when regulation, legislation, and competition from renewable fuels markets are the key drivers is a challenge. Our new service offers pricing and analysis that informs decision-makers and allows sustainable business to thrive.” 
The new oleochemicals portal in ResourceWise’s flagship chemicals market intelligence platform, OrbiChem360, has evolved beyond its legacy biomaterials insights to focus on the fats and oils markets that are key to sustainability.  
It presents pricing data and analysis that ResourceWise biomaterials experts have furnished within OrbiChem360 this past decade and includes a crude tall oil (CTO) price index. The inclusion of a forest-based output introduces the ResourceWise platform FisherSolve’s pulp and paper industry insight to our portfolio. 
Pete Stewart, the CEO of ResourceWise, is focused on the future. “From raw material converters to end-use consumer goods producers, manufacturing value chain participants are increasingly seeking cross-commodity insights to meet low-carbon targets. We are building and providing the data and analytics businesses need to achieve environmental, social, and governance (ESG) targets and market products competitively worldwide.  
“The ResourceWise mission is to use the intelligence within the increasingly inter-related business sectors we have harnessed to guide customers in their journey toward a net-zero future. This new offering is the first of many milestones in our endeavor to do just that,” adds Stewart.  
A Streamlined Renewable Chemicals Service  
The new product leverages oleochemical pricing and commentary gathered by ResourceWise legacy brands since 2014 and insight collected since the 1990s. It extends our regional reach with additional price points and streamlines the data and analytics provided.  
The new portal is designed with personal care, cosmetics, detergents, lubricants, pharmaceuticals, flavor and fragrance, and food and beverage market participants in mind. However, it provides pricing data and insights for producers, intermediaries, and consumer product manufacturers in broader industries. 
More Than Forty Current and Historical Prices          
International price indexes for oleochemicals include the feedstocks soybean, coconut, tall, rapeseed, and palm oils, as well as tallow and glycerine grades Dozens of spot and contract prices for fatty acids and fatty alcohols plus comprehensive commentary based on intelligence from a worldwide contact base       Low-carbon price benchmarks and commentary in our oleochemicals offering will increasingly leverage intelligence on the biofuels sector within the Prima CarbonZero platform      Global Trade Flow graphics for all oils and tallow to help customers understand how key plant and animal-based feedstocks are traded globally to identify new markets and sources   Industry experts contextualize data, making it actionable, and respond personally to customer inquiries By bridging information gaps in the chemicals market, OrbiChem360 subscribers gain a competitive edge in volatile markets. The platform provides decision makers with robust, data-driven insight that unravels market trends so they can harness growth opportunities. For more information on the OrbiChem360 platform, visit the ResourceWise OrbiChem360 page. 
CONTACT:
Contact:Suz-Anne Kinney          Vice President, Marketing & Communications at [email protected]  +1 (980) 233-4021
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