Image Recognition
However, several factors, such as lack of knowledge about neuromorphic computing and complex algorithms increasing complexity of designing hardware of neuromorphic chips are hindering the growth of neuromorphic computing market. Image Recognition to account for largest share of neuromorphic computing market during forecast periodImage Recognition is expected to witness rapid growth in the overall neuromorphic computing market. Edge Computing will have highest growth in coming yearsThe edge computing segment is expected to account for a 95% share of the overall neuromorphic computing market by 2026. Countries such as China, Japan, and South Korea are expected to be the major contributors to the neuromorphic computing market in APAC. Key Market Players:The neuromorphic computing market was dominated by Intel Corp. (US), IBM Corporation (US), BrainChip Holdings Ltd. (US), Qualcomm (US) and HP Enterprise (US).