Next Generation Computing Market growth trends, Key Players And Insights 2024

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The next generation computing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Next Generation Computing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

The next generation computing market size has grown rapidly in recent years. It will grow from $232.77 billion in 2023 to $277.04 billion in 2024 at a compound annual growth rate (CAGR) of 19.0%. The growth in the historic period can be attributed to consumer electronics evolution, cybersecurity concerns, mobile computing, demand for high-performance computing, networking infrastructure advances..

The next generation computing market size is expected to see rapid growth in the next few years. It will grow to $553.26 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. The growth in the forecast period can be attributed to increasing complexity of workloads, focus on sustainable computing, government investments in research, human augmentation.. Major trends in the forecast period include ai and machine learning integration, neuromorphic computing, in-memory computing, hybrid cloud and multi-cloud computing, robust data analytics and visualization..

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Scope Of Next Generation Computing Market

The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Next Generation Computing Market Overview

Market Drivers –

The expansion in the adoption of artificial intelligence is expected to propel the growth of the next-generation computing market going forward. The adoption of artificial intelligence (AI) refers to integrating AI technologies and solutions into various industries, businesses, and applications to enhance decision-making, automate tasks, improve efficiency, and achieve specific objectives. The growing use of AI, especially machine learning and deep learning, demands substantial computational power, driving the development of next-gen technologies like quantum and neuromorphic computing to perform complex AI tasks more efficiently and quickly than traditional computing methods. For instance, in May 2022, according to the International Business Machines Corporation, a US-based technology corporation, the adoption of artificial intelligence in businesses increased to 35% in 2022, up by 4% compared to 2021. Moreover, 13% more organizations will use AI in 2022 compared to 2021. Therefore, the expansion in the adoption of artificial intelligence will drive the growth of the next-generation computing market.

Market Trends –

Major companies operating in the next-generation computing market are developing innovative technologies, such as integrated hybrids, to address the increasing demand for more powerful, energy-efficient, and versatile computing solutions. Integrated Hybrid is a feature of Azure Quantum that allows researchers to combine classical and quantum computing resources seamlessly. For instance, in March 2023, Microsoft Corporation, a US-based technology corporation, launched the next generation of hybrid quantum computing called Integrated Hybrid. This innovative technology includes a feature of Azure Quantum that allows researchers to combine classical and quantum computing resources seamlessly. This makes it easy to develop and deploy hybrid quantum computing applications. This interface abstracts away the underlying complexity of the different hardware platforms, making it easy for researchers to focus on developing their applications.

The next generation computing market covered in this report is segmented –

1) By Type: High Performance Computing, Quantum Computing, Brain Type Computing, Approximate And Probabilistic Computing, Energy Efficiency Computing, Thermodynamic Computing, Memory Based Computing, Optical Computing, Edge Computing, Other Types

2) By Component: Hardware, Software, Solution

3) By Deployment: Cloud, On-Premise

4) By Enterprise Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises

5) By End-Use Industry: Banking, Financial Services And Insurance (BFSI), Energy and Power, Transportation And Logistics, Chemicals, Academic, Government, Information technology (IT) And Telecommunications, Healthcare, Space And Defense, Manufacturing

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Regional Insights –

North America was the largest region in the next generation computing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the next generation computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Key Companies –

Major companies operating in the next generation computing market report are Amazon Web Services Inc., Alphabet Inc., Google LLC, Microsoft Corporation, Alibaba Group Holding Limited, Dell Inc., Lenovo Group Ltd., Intel Corp., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Honeywell International Inc., Broadcom Inc., SAP SE, Micron Technology Inc., Hewlett Packard Enterprise Development LP, NVIDIA Corp., Salesforce, NEC Corporation, Advanced Micro Device Inc., Infosys Limited, Vmware Inc., Atos SE, Equinix Inc., NetApp Inc., Juniper Networks Inc., Citrix Systems Inc., Splunk Inc., Pure Storage Inc., Nutanix Inc., ISM Corporation

Table of Contents

1. Executive Summary

2. Next Generation Computing Market Report Structure

3. Next Generation Computing Market Trends And Strategies

4. Next Generation Computing Market – Macro Economic Scenario

5. Next Generation Computing Market Size And Growth

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27. Next Generation Computing Market Competitor Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

30. Appendix

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