North America is the largest and rapidly growing market for...

North America is the largest and rapidly growing market for neuromorphic computing due to the initiatives taken by major chip designing companies such as IBM Corporation (U.S.), Intel (U.S.), and General Vision (U.S.) in this region to develop the chips to embed them for large-scale applications such as servers, data centers, and big data analytics, among others. Increasing awareness about benefits of neuromorphic computing in various industries such as aerospace, military & defense, and medical is driving the growth of the market in North America at a higher rate compared to other regions.