Next Generation Computing Market size was valued at USD 110 Billion in 2021 and is projected to reach USD 134 Billion by 2030, growing at a CAGR of 20% from 2023 to 2030.
The global Next Generation Computing Market report offers important insights into the major companies’ strategies for overcoming obstacles and the potential business risks connected with the market’s projected expansion. The research offers a thorough insight of the market, taking into account fresh trends, product usage, customer and rival motivations, brand positioning, and consumer behaviour.
Market Overview:
Because organisations could operate securely via the cloud during the pandemic, cloud use increased. Businesses from all sectors have also hastened their digital transformation in order to prepare for operational responses and adjust to interruptions. Even in uncertain times, enterprises can find the solutions they need with the help of technologies like edge computing. A private-public organisation called the COVID-19 High-Performance Computing (HPC) Consortium was established in March 2020 to hasten COVID-19 research using HPC capabilities. Market participants like the US-based NVIDIA Corporation, Microsoft, and Google are members of the consortium.
Due to their limitations in terms of speed, performance, and energy efficiency, current computers are unable to address complicated issues. Here is where next-generation computing technologies come in. The needs for data processing, transport rate, and power consumption can be met via new computing designs. For a variety of industries, including healthcare, IT and telecommunications, manufacturing, and others, market competitors offer different hardware, software, and service solutions. The industry has a challenge due to a lack of skilled employees. Quantum and neuromorphic computing are examples of next-generation computing technologies that are still in the early phases of development. The proliferation of these technologies therefore requires a trained workforce for research and development of next-generation computer products and solutions.
Click Here, Download a Free Sample Copy of this Market: https://wemarketresearch.com/sample-request/next-generation-computing-market/732/
The Next Generation Computing Market – Segmentation
The Next Generation Computing Market fragrance concentrates market has been sub-classified into component, offering, type, enterprise size, end-user industry.
On the basis of component, the Next Generation Computing Market is bifurcated into:
• Hardware
• Software
• Services
• others
On the basis of offering, the market is segmented into:
• cloud based
• on-premise
• others
on the basis of type, the market is segmented into:
• high performance computing
• quantum computing
• brain type computing
• approximate and probabilistic computing
• energy efficiency computing
• thermodynamic computing
• memory based computing
• optical computing
• others
On the basis of enterprise size, the market segmented into:
• SMES
• Large enterprises
• Others
On the basis of end-user industry, the market segmented into:
• BFSI
• Healthcare
• Space and defence
• Energy and power
• Transportation and logistics
• Chemical
• Academia
• Government
• Telecom
• Others
The Next Generation Computing Market –Regional Analysis
Asia-Pacific dominated the global Next Generation Computing Market, to have profitable growth during the anticipated period. Companies are investing substantially in the next-generation computing industry in order to sustain growth and boost productivity. This is due to the strong economic growth, ongoing development of next-generation computing, and real-time data analytics.
The Next Generation Computing Market – Key Market players
Global key players of Next Generation Computing Market include IBM, Google, Amazon Web Services, Inc., Intel Corp., Atos SE, Microsoft, Hewlett Packard Enterprise Development LP, NVIDIA Corporation, Cisco Systems Inc., Advanced Micro Devices, Inc., Dell Inc, and others.
Click Here To Get Report Link: https://wemarketresearch.com/reports/next-generation-computing-market/732/
The term “next-generation computing” refers to developments and improvements in computer technology that offer better functionality, efficiency, and performance. These developments frequently involve the incorporation of new hardware and software parts as well as the creation of fresh computing paradigms like artificial intelligence and quantum computing. As comparison to traditional computing, next-generation computing technologies can handle and analyse large amounts of data significantly more quickly. Advanced security features like biometric authentication and encryption also aid in defending sensitive data against online assaults. A more fluid and natural way to engage with technology is made possible by next-generation computing’s fusion of artificial intelligence and natural language processing.
The demand for better computer performance for data analysis is rising, and simulation and modelling are being used more frequently in the healthcare, BFSI, and energy sectors. The need for safe computing platforms is also predicted to expand, as is the influx of enormous amounts of data and the increased usage of quantum computing technologies across a wide range of industrial sectors. The development of approximation and probabilistic computing algorithms, however, as well as a number of technological difficulties related to programming quantum computers are anticipated to restrain the next generation computing market’s expansion throughout the projected period.
The Next Generation Computing Market – Growth Factor
Due to the increasing demand for highly-efficient computing technologies to handle complicated workloads, the market for next-generation computing is expected to expand. Additionally, the rise of the technology sector is being fuelled by rising R&D activity. The COVID-19 epidemic was beneficial to the sector. Businesses from all sectors expedited their digital transformation in order to respond to ambiguous circumstances and maintain competitiveness in their niche markets. High-performance computing and edge computing are examples of next-generation computing technologies that provide answers to complicated issues and can handle heavy workloads. Additionally, corporations hastened the usage of the cloud, supporting industry expansion. Players in the market provide services, software, and hardware to a variety of end-use industries, including retail, IT & telecom, and manufacturing. Additionally, businesses are funding the research and development of cutting-edge computer technologies like quantum computing.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
About We Market Research:
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
Contact Us:
We Market Research
Phone: +1(650)-666-4592
Email: [email protected]
Web: https://wemarketresearch.com/
