PUBLISHER: Market Research Future | PRODUCT CODE: 1487479
PUBLISHER: Market Research Future | PRODUCT CODE: 1487479
Next Generation Computing Market is anticipated to register a significant CAGR of 16.7% during the review period.
The interest in next-generation computing has seen a momentous flood lately as organizations and associations across different ventures look to bridle the groundbreaking capability of arising advances. With the remarkable development of information and the rising intricacy of computational undertakings, there is a squeezing need for more impressive and proficient computing arrangements.
This developing interest has energized critical interests in research, improvement, and execution of trendy computing advances, for example, quantum computing, computerized reasoning (computer-based intelligence), AI, and elite execution computing (HPC). Organizations, state run administrations, and scholarly establishments the same are emptying assets into these areas to open new abilities and drive advancement.
Quantum computing, specifically, has arisen as an outskirt's innovation with the possibility to reform ventures going from money and medical care to coordinated operations and materials science. As quantum PCs vow to handle complex issues that are right now recalcitrant for old style PCs, interest in quantum computing research and foundation has heightened around the world.
Based on Computing Type, the Next Generation Computing Market is segmented into Cloud Computing, High-Performance Computing, Edge Computing, Energy Efficiency Computing, Memory-Driven Computing, Neuromorphic computing, Optical Computing, Quantum Computing, Approximate and Probabilistic Computing, and Others.
Based on the component, the Market is classified into Hardware, Software, and Services. In terms of Deployment Type, the Next Generation Computing Market segmentation includes Cloud and On-Premises. By the Organization Size, the Market is divided into Large Enterprises and SME.
Based on the End-Use, the Next Generation Computing Market is categorized into IT & Telecom, BFSI, Retail, Healthcare, Aerospace & Defense, Manufacturing, Energy & Utilities, Media & Entertainment, Automotive & Transportation, and Other End-Use.
Regional Insights
North America is anticipated to register a notable compound annual growth rate. With a noteworthy compound annual growth rate (CAGR) of 15.79%, North America's market is expected to increase from $241,182 million in 2023 to $902,541 million by 2032, indicating its leadership in next-generation computing technology. Significant investments in edge computing, cloud computing, and artificial intelligence (AI) support this ascent. Widespread digital transformation activities across multiple industries benefit the region, which has a developed technological environment that promotes innovation and entrepreneurship.
The second-largest market share is held by the European market. In Europe, a steady growth trajectory is observed in the adoption of next-generation computing technologies, with market values increasing from $186,722 million in 2023 to $679,248 million by 2032, achieving a CAGR of 15.43%. Initiatives cantered on Industry 4.0, smart cities, and digitalization are driving this rise, along with investments in AI, data analytics, and cybersecurity.
The Asia-Pacific region is a significant growing market for next-generation computing, with market values projected to reach $793,237 million by 2032 from $167,272 million in 2023, a phenomenal compound annual growth rate of 18.88%. Rapid urbanization, rising internet penetration, and a thriving ecosystem of digital startups have propelled China, Japan, and South Korea to the forefront of AI research and development.
Key Companies in the Next Generation Computing market include IBM corporation, NVIDIA Corporation, Alphabet Inc., Microsoft, Advanced Micro Devices, Inc, Atos SE, Intel Corporation, Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Amazon Web Services, Inc., Dell Inc., Alibaba Group Holding Limited, Oracle Corporation, NEC Corporation, and Agilent Technologies.