Neuromorphic Chip Market is Expected to Witness Rapid Growth till 2024

Posted by Marsh William on April 26th, 2019

The traditional computing technology is struggling to keep up with the enormous amount of data processing capabilities and the bandwidth expectations. This has led to a need for a better computing technology being sought after by many industries. The Neuromorphic Chips can provide and stand up to these expectations, originally the brainchild of Carver Mead, the neuromorphic chips work on the basic idea of neural networks of brain and the tremendous data crunching capabilities it brings with it. The Neuromorphic technology has found its use in data analytics and machine learning and holds the promise of unsupervised machine learning. The fundamental functioning of neuromorphic chips depends on the pattern recognition and pattern learning to create the artificial neural networks and ultimately artificial intelligence.

The neuromorphic chips are a much sought after product due to its huge potential in limiting the computing restraints. The big data players like Facebook and Google are already handling these needs with similar traditional computers and chips. With the ever rising data processing needs, this market may rise eventually to take over the traditional platforms. Even today the chip market appears to be taking pace with some vendors shipping neuromorphic chips, whereas some are still struggling to do so.

The neuromorphic chip market is expected to increase in its worth at very fast rate with the commercialization of the chips in the consumer markets. The current bottleneck that appears to withhold the potential of these chips may hinder its progress in wide scale use for some forthcoming years.

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