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Cloud-based neural processors allow access to hardware resources based on AI via the cloud and are gaining popularity in the industry. These processors allow users to take advantage of high-performance computing capabilities without the requirement for large upfront investments in dedicated hardware. For instance, in March 2024, Akamai Technologies, a cloud company that powers and protects life online, and Neural Magic, a developer of software that accelerates AI workloads, announced a strategic partnership to enhance deep learning capabilities on Akamai's distributed computing infrastructure. Neural Magic's technology allows deep learning models to run on cost-effective CPU-based servers rather than expensive GPU resources. The product speeds AI workloads using automated model sparsification methods, which are offered as a CPU inference engine and complement Akamai's capacity to scale, defend, and deliver edge applications. This enables the companies to deploy their capabilities across Akamai's global distributed computing infrastructure, providing customers with lower latency and higher performance for data-intensive AI applications.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Neural Processor Market Report Segment
By Application
- Fraud Detection
- Hardware Diagnostics
- Financial Forecasting
- Image Optimization
- Others (Disease diagnostics, Algorithm Trading)
By End-User
- BFSI
- Healthcare
- Retail
- Defense Agencies
- Media
- Logistics
- Others
Global Neural Processor Market Report Segment by Region
North America
- United States
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global neural processor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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