How Is The Next Generation Computing Market Size Forecasted To Progress From 2025 To 2029?
The next generation computing market size has grown rapidly in recent years. It will grow from $277.04 billion in 2024 to $325.84 billion in 2025 at a compound annual growth rate (CAGR) of 17.6%. 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 $668.94 billion in 2029 at a compound annual growth rate (CAGR) of 19.7%. 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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Which Drivers Are Expected To Support The Future Advancement Of The Next Generation Computing Market?
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.
Which Segment Categories Are Influencing The Growth Trajectory Of The Next Generation Computing Market?
The next generation computingmarket 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
Subsegments:
1) By High Performance Computing: Supercomputers, Distributed Computing Systems
2) By Quantum Computing: Quantum Annealers, Gate Model Quantum Computers
3) By Brain Type Computing: Neuromorphic Computing, Spiking Neural Networks
4) By Approximate And Probabilistic Computing: Stochastic Computing, Probabilistic Programming
5) By Energy Efficiency Computing: Low-Power Processors, Green Computing Solutions
6) By Thermodynamic Computing: Thermal Management Systems, Thermodynamic Models
7) By Memory Based Computing: In-Memory Computing, Memristor Technology
8) By Optical Computing: Photonic Processors, Optical Interconnects
9) By Edge Computing: Edge Devices, Edge Analytics
10) By Other Types: Hybrid Computing, Reversible Computing
Which Trends Are Expected To Steer The Evolution Of The Next Generation Computing Market?
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.
Which Organizations Are Considered Principal Leaders In The Next Generation Computing Market?
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
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Which Geographical Areas Are Expected To Witness The Most Substantial Next Generation Computing Market Expansion Ahead?
North America was the largest region in the next generation computing market in 2024. 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
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