PUBLISHER: Allied Market Research | PRODUCT CODE: 1298263
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298263
Next generation computing technologies are evolving from emergence of new technologies and research areas such as quantum computing, artificial intelligence, machine learning, deep learning, cloud computing, parallel computing, grid computing, and their related applications. These emerging topics in the field of information technology define the future of computing technologies. By using the internet and central remote services, it maintains data and applications that offer much more efficient computing by centralizing storage, memory, processing, and bandwidth. It can also concentrate all computation resources and manage automatically through software without any intervention.
Numerous factors such as rise in investments in next generation computing technology, growth in demand for high performance computing, and increase in demand for next-gen computing from medical research and financial markets drive the growth of the market. Moreover, surge in demand for cloud services, owing to the COVID-19 pandemic drives the growth of the global next-gen computing market. However, high operational challenges and issues regarding stability and error correction hinder growth of the market globally.
Furthermore, increase in use of on-premises next generation computing for businesses, growth in advancements in quantum computing technology, and increase in number of gaming industries implementing next-gen computing applications create lucrative opportunities in the market globally. The global next generation computing market is segmented into component, offering, type, enterprise size, end use industry, and region. By component, the market is divided into hardware, software, and services. Depending on offering, it is segregated into cloud based and on-premises. As per type, it is fragmented into high-performance computing, quantum computing, brain type computing, approximate and probabilistic computing, energy efficiency computing, thermodynamic computing, memory-based computing, optical computing, and others. On the basis of enterprise size, it is bifurcated into large enterprises and SMEs. By end use industry, it is categorized into BFSI, healthcare, space & defense, energy & power, transportation & logistics, chemicals, academia, government, telecom, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Market players operating in the next-generation computing market include: Alibaba Group Holding Limited, Hewlett Packard Enterprise Development LP, Atos SE, Cisco Systems, IBM Corporation, Intel Corporation, NEC Corporation, Amazon Web Services Inc., Google Inc., and Oracle Corporation. These major players have adopted various key development strategies such as business expansion, partnership, collaboration, and new product launches, which help to strengthen their foothold in the global next-generation computing market.