Next Generation Computing Market Size, Industry Analysis Report By Component (Hardware, Software, Services), By Type (High Performance Computing, Quantum Computing, Brain Type Computing, Approximate And Probabilistic Computing, Energy Efficiency Computing, Thermodynamic Computing, Memory Based Computing, Optical Computing), By enterprise size (SMES, Large enterprises), By End-User (BFSI, Healthcare, Space and defence, Energy and power, Transportation and logistics, Chemical , Academia, Government, Telecom) & Region – Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 244
- CATEGORY
- Information Communication & Technology
The Next Generation Computing Market is valued at around USD 158.3 Billion in 2022 and is expected to reach USD 785.1 Billion by 2030, registering a CAGR of 19.5% over the forecast period. With the rise of new technologies and research fields like distributed computing, artificial intelligence, machine learning, deep learning, cloud computing, parallel computing, grid computing, and associated applications, next-generation computing technologies are evolving. Utilizing the Internet and centralised remote services, manage data, programmes, etc. to centralise storage, memory, processing, bandwidth, etc. and to deliver much more efficient data processing.
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.
The Next Generation Computing Market – Market Trends
• Computing firms are vying with one another to create next-generation computing technologies to address a variety of issues, from integrating cognitive computing and artificial intelligence (at the chipset, IC, and component level) to enhancing the performance and effectiveness of supercomputers.
• Numerous technologies are involved, such as distributed computing (swarm computing), computational cooperation (bio-computing), enhancing the performance of current supercomputers, and entirely new computer architectures (Quantum Computing).
• The Covid-19 epidemic has had a severe effect on the market for next-generation computing. involving the industries. Due to the lockdown and societal conventions of distance, major corporations have temporarily ceased operations in many regions.
• Due to the fast urbanisation and growing need for efficient use of space already existent, the sector anticipates a lot of needs and demand following the pandemic.
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.
Report scope
Global Next Generation Computing Market: Historical Years- 2018-2021
Global Next Generation Computing Market: Forecast Years- 2022-2030
Global Next Generation Computing Market 2022- USD 158.3 Billion
Global Next Generation Computing Market 2030- USD 785.1 Billion
Global Next Generation Computing Market CAGR- 19.5%
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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