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Global Neuromorphic Computing Market Size To Exceed USD 8275.9 Billion by 2030 | CAGR of 85.73%

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New York, United States , April 05, 2023 (GLOBE NEWSWIRE) — The Global Neuromorphic Computing Market Size is to grow from USD 31.2 million in 2021 to USD 8,275.9 million by 2030, at a Compound Annual Growth Rate (CAGR) of 85.73% during the forecast period. The increasing adoption of Artificial Intelligence (AI) and automation systems in various industries such as industrial, medical, IT & telecommunication, aerospace, military & defense, automotive, consumer electronics, and other sectors will boost the demand for the neuromorphic computing market during the forecast period.

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Neuromorphic computing technology is designed to be used in a variety of applications, including deep learning applications, next-generation semiconductors, and autonomous systems such as robotics, drones, self-driving cars, and artificial intelligence. This technology’s other potential applications include smart home devices, driverless cars, robots, drones, data analytics, and many more. Additionally, the steadily rising need for neuromorphic chips in the automotive industry is expected to create new opportunities in the neuromorphic computing market. One of the most important and rapidly growing markets for neuromorphic transistors is the automotive industry. This is expected to result in a significant increase in demand for AI-powered neuromorphic transistors. Alternatively, with the help of AI and machine learning, neuromorphic computing significantly improved information processing and allowed computer systems to deal with higher and broader technologies. Moreover, the adoption of neuromorphic computing for security purposes, as well as the research, development, and implementation of neuromorphic chips for brain-based robotics and intelligent robotic systems, will provide market participants with advantageous opportunities over the forecast timeframe. As a result, the neuromorphic computing market will continue to grow over the forecast period.

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Browse key industry insights spread across 200 pages with 130 market data tables and figures & charts from the report onGlobal Neuromorphic Computing Market Size, Share, and COVID-19 Impact Analysis, By Offering (Hardware, Software, Services), By Application (Signal Processing, Image Processing, Data Processing, Object Detection, Others), By End-Use (Industrial, Medical, IT & Telecommunication, Aerospace, Military & Defense, Automotive, Consumer Electronics, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030.”  Get Detailed Report Description Here:

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The laser scanner segment is dominating the market with the largest revenue share over the forecast period.

On the basis of offering, the global neuromorphic computing market is segmented into hardware, software, and services. Among these, the laser scanner segment is dominating the market with the largest revenue share of 75% over the forecast period. The growing deployment and incorporation of machine learning algorithms on embedded devices, as well as the increased adoption of neuromorphic hardware to accelerate computing in hardware platforms, are driving market expansion in the hardware segment.

The image processing segment accounted the largest market share over the forecast period.

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On the basis of application, the global neuromorphic computing market is segmented into signal processing, image processing, data processing, object detection, and others. Among these, the image processing segment is dominating the market and is going to continue its dominance over the forecast period. Advances in image sensors and other processing technologies are expected to drive revenue growth in the image processing industry during the forecast period. In addition, artificially developed neural network architectures are rapidly expanding in image processing, where fast computing and parallel architectures are critical.

The consumer electronics segment accounted the largest revenue share of more than 48% over the forecast period.

On the basis of end-use, the global neuromorphic computing market is segmented into industrial, medical, IT & telecommunication, aerospace, military & defense, automotive, consumer electronics, and others. Among these, the robotic vehicle is dominating the market with the largest revenue share of 48% over the forecast period. The market for neuromorphic chips in the consumer electronics industry is increasing as the market for various electronic devices such as laptops, PCs, and tablets grows. Alexa and Siri, for example, use cloud computing and the internet to process and respond to spoken orders and inquiries. Furthermore, advances in artificial intelligence are expected to broaden the applications of smart wearable sensing devices.

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North America dominates the market with the largest market share over the forecast period.

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North America is dominating the market with more than 42.5% market share over the forecast period. North America has been home to several market behemoths, such as IBM Corporation and Intel Corporation. The regional market for neuromorphic computing is growing as a result of a variety of factors such as government efforts, portfolio investment, and others. In contrast, Europe is expected to grow the fastest during the forecast period. The field of neuromorphic computing has the potential to make significant advances in a variety of application industries throughout the European Union.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Neuromorphic Computing Market include BrainChip Holdings Ltd., General Vision Inc., Qualcomm Technologies, Inc., HP Enterprise, Numenta, IBM Corporation, Intel Corporation, Samsung Electronics Ltd., Applied Brain Research Inc., Vicarious FPC, Inc., CEA-Leti, SK Hynix Inc., Hewlett Packard Company, HRL Laboratories, LLC, GrAI Matter Labs, Innatera Nanosystems B.V., Halo Neuroscience, Flow Neuroscience AB, and many others.  

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Key Market Developments

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On January 2023, IBM unveiled an energy-efficient AI chip based on 7nm technology. The AI hardware accelerator chip accommodates an extensive variety of model types while accomplishing ultra-low power consumption. By bringing training closer to the edge and data closer to the source, the chip technology can be scaled and used for commercial applications such as training large-scale models in the cloud to security and privacy efforts.

In July 2022, nViso SA announced the availability of an Evaluation Kit (EVK) for its Human Behavioural AI SDK, which runs on the BrainChip AkidaTM neuromorphic processing platform. NVISO will commercialize its Human Behaviour AI as an Evaluation Kit (EVK) and Software Development Kit (SDK) optimized for neuromorphic processors, aimed at innovators interested in implementing AI-driven human-machine interfaces to detect human behavior in real-time at the edge. Both companies will promote the EVK and SDK jointly, and the first evaluation with a Japanese semiconductor manufacturer has begun.

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Artificial Intelligence

North American grocery retailer digitizes stores with Pricer Plaza in 90 MSEK order

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STOCKHOLM, June 28, 2024 /PRNewswire/ — Pricer’s partner JRTech Solutions has signed an agreement with a large Tier 1 North American grocery retailer for the cloud-based platform Pricer Plaza, which allows for in-store automation and communication, within an initial 50 of their stores.

The value of the contract is approximately 90 MSEK. The rollout of Pricer Plaza and electronic shelf labels within the initial 50 stores is expected to be completed by the end of 2024. This installation by one of the largest grocery chains in North America with over 1500 grocery and pharmacy stores, is the first large-scale full-store deployment of four-color labels in North America.
“After one year of thorough testing with a pilot installation, we are thrilled by the trust from this leading retailer. It underscores our commitment to transforming the retail experience through cutting-edge technology, enhancing both operational efficiency and customer satisfaction. We look forward to supporting them with our in-store solutions in their digital transformation journey,” says Mats Arnehall, Chief Commercial Officer at Pricer.
“JRTech Solutions has worked extensively with our client over the last year to prove the value, capability and scalability of both our Pricer technology and our suite of deployment solutions. Doing so not only involved digitally transforming our client’s promotional business rules through the use of our latest SmartTAG four-color labels but providing the capability of utilizing our labels in a way that will allow for both ongoing and future operational efficiencies,” says Diego Mazzone, President & CEO at JRTech Solutions.
The order value of approximately 90 MSEK does not include Pricer Plaza and technical support, and will be included in Pricer’s order intake for the second quarter of 2024.
For further information, please contact:Mats Arnehall, Chief Commercial Officer, +46 70-8108084Magnus Larsson, President and CEO, +46 704 [email protected]
This information constitutes inside information that Pricer AB is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was sent for publication, through the agency of the contact persons set out above, at the time stated by the Company’s news distributor, Cision, at the publication of this press release.
Every care has been taken in the translation of this document. In the event of discrepancies, the Swedish original will supersede the English translation.
About Pricer
Pricer is a leading global technology company serving the rapidly growing smart retail market with in-store digital solutions that enhance both store performance and the shopping experience. Through electronic shelf labels, advanced technology, such as optical wireless communication and AI, and continuous innovation, Pricer offers the foundation for in-store communication and efficiency. The industry leading Pricer platform delivers benefits from 30 years of deployment experience and is fast, robust, interconnectable and scalable. Pricer was founded in Sweden in 1991 and is listed on Nasdaq Stockholm. For further information, please visit www.pricer.com.
About JRTech Solutions Inc.
JRTech Solutions Inc. is a privately held corporation headquartered in Montreal, Québec. JRTech Solutions Inc. is the leading Canadian Electronic Shelf Label (ESL) provider and the largest distributor of Pricer Electronic Shelf Labels in North America, involved in over 1,300 store installations since 2008. For further information, visit http://www.jrtechsolutions.com.
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/pricer/r/north-american-grocery-retailer-digitizes-stores-with-pricer-plaza-in-90-msek-order,c4008573
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https://mb.cision.com/Main/715/4008573/2891329.pdf
2024-06-28_Pricer_North American Grocery_ENG
 

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Dahua Technology leads the front lines of ESG

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MAIDENHEAD, England, June 28, 2024 /PRNewswire/ — Dahua Technology, a world leader in video surveillance, has released its 2023 ESG report, showcasing its leadership and commitment to building a green, environment-friendly and safe intelligent world.

Last year, the company, a global video-centric AIoT solution and service provider, made substantial strides by focusing on maximising economic, climate-conscious and social values.
At the forefront of corporate social responsibility, Dahua actively engaged in a fundraising event for UK charity Breast Cancer Now, raising awareness and funds to help those affected by the illness. In addition, the company successfully joined the United Nations Global Compact demonstrating its ongoing dedication to responsible business action in support of broader societal goals.
Adopting a green development strategy, Dahua also implemented an extensive environmental management system, contributing to waste reduction and environmental preservation by enhancing energy efficiency and resource utilisation. In 2023 alone, this included recycling 1,663 tonnes of production materials, ensuring 100% lawful disposal of hazardous waste and achieving an overall recovery rate of 80% for WEEE products.
Championing ESG best practices, Dahua has a well-established governance framework that adheres to compliance operations and business ethics thanks to its Integrity Compliance Committee. Thanks to this body, it continuously improves privacy protection systems, actively carries out external audits and conducts emergency drills and training to ensure the highest level of security for its end users.
Alvin Qian, General Manager UK & Ireland, commented recognising the company’s ESG accomplishments: “In 2023 we witnessed Dahua’s steadfast dedication to social responsibility while seamlessly integrating digital intelligence into our sustainable initiatives and practices. I am proud of our achievements and confident about the progress we have made as we strive to meet our ambitious ESG goals. Looking ahead, we remain committed to driving further advancements in line with our company’s sustainable vision.”
With its mission of enabling a safer society and smarter living, Dahua vows to continue creating value beyond safety through technology, contributing to the world’s harmonious coexistence with nature.
Dahua Technology is a world leader in video surveillance manufacturing, creating advanced electronic security solutions for transportation, education, city surveillance, retail and commercial markets worldwide. Dahua Technology UK & Ireland works with distribution partners to serve an ever-growing network of system integrators and installers, offering complete system solutions that encompass cameras, control equipment, recording, video walls, software, accessories and more.
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Subex Recognized in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations Report

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BENGALURU, India, June 28, 2024 /PRNewswire/ — Subex, a leading global provider of AI-powered solutions for the telecommunications industry, today, announced its inclusion in the 2024 Gartner Magic Quadrant for AI in CSP Customer and Business Operations report. Subex believes that this recognition marks a significant milestone for the company, highlighting its commitment to delivering innovative AI solutions that empower Communication Service Providers (CSPs) to thrive in the digital age.

According to Gartner, “This Magic Quadrant helps communications service providers identify and evaluate AI vendors for their customer and business operations. It will guide CSP CIOs and technology leaders toward the right AI vendor choices, in a rapidly evolving market.” 
According to Subex, their inclusion in the Magic Quadrant underscores its position as a key player in the AI landscape for CSPs. For many years, Subex has been at the forefront of AI innovation in the telecommunications industry, providing cutting-edge solutions that address complex challenges, such as fraud detection, customer churn prediction, network optimization, and revenue assurance. Leveraging machine learning and automation, Subex empowers CSPs to make data-driven decisions, streamline operations, and achieve significant improvements in overall business performance.
“We are thrilled to be recognized in the Gartner Magic Quadrant for AI in CSP Customer and Business Operations Report,” said Nisha Dutt, CEO of Subex. “We think that being recognized as one of the key players validates our relentless focus on developing AI-driven solutions that address the unique challenges and opportunities faced by CSPs, globally. This is a significant milestone in Subex’s journey, and we are committed to further solidifying our market position through continuous innovation and delivering exceptional value to our CSP customers.”
Subex’s team of experts is dedicated to pushing the boundaries of AI innovation within the CSP domain. By continuously developing new solutions and enhancing existing ones, Subex ensures that CSPs have access to the most advanced AI tools and technologies, to navigate the evolving landscape and achieve sustainable growth.
For more information about Subex and its AI-driven solutions for CSPs, visit www.subex.com.
Gartner, Magic Quadrant for AI in CSP Customer and Business Operations, By Pulkit Pandey, Amresh Nandan, Peter Liu, 4 June 2024
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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