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Next Generation Computing Market Size to Grow at a CAGR of 19.4% with USD 667.48 billion by 2032

Oct 11, 2023 7:00 PM ET

Next Generation Computing Market Size to Grow at a CAGR of 19.4% with USD 667.48 billion by 2032

Next Generation Computing Market Overview:

The next generation computer market size was estimated to be USD 113.30 billion in 2022. The next generation computer market industry is forecast to grow from USD 135.28 billion in 2023 to USD 667.48 billion by 2032, at a CAGR of 19.4%. forecast period (2023 – 2032).

Next-generation computing means using new technologies to create new and more efficient computer systems. At its core, next-generation computing means developing hardware and software that can meet the data processing, transfer speed, and power consumption requirements of multiple industries and sectors. The benefits of next-generation computing include increased speed and efficiency of computer systems, better energy efficiency, better flexibility and scalability to solve complex problems, and better security to protect systems from attacks. The rapid growth of advanced technology has helped improve computer skills, and these advanced computer skills are extremely helpful in solving complex problems.

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Next Generation Computing Market- Key Companies Include,

IBM Corporation

Alphabet Inc

Amazon Web Services, Inc.

Microsoft

Advanced Micro Devices, Inc

Atos SE

Intel Corporation

NVIDIA Corporation

Hewlett Packard Enterprise Development LP

Cisco Systems, Inc.

Dell Inc.

Alibaba Group Holding Limited

Oracle Corporation

NEC Corporation

Scope of the Report – Next Generation Computing Market:

 Report Metrics

 Details

  Market Size by 2032

 USD 667.48 Billion

  CAGR during 2023-2032

 19.4%

  Base Year

 2022

  Forecast

 2023-2032

 

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Segmentation

In this report, the next-generation computing market is segmented based on computing type into efficient computing, quantum computing, cloud computing, edge computing, neuromorphic computing, approximate and probabilistic computing, optical computing, energy-efficient computing, memory-based, computing, data processing and more.

In this report, the next-generation computing market is segmented based on deployment mode into cloud and on-premises. On-premises will hold the largest market share by deployment mode, while the cloud segment will grow exponentially over the forecast duration.

In this report, the next-generation computing market is segmented based on end-use industry into automotive and transportation, energy and utilities, healthcare, BFSI, aerospace and defense, media and entertainment, IT and telecommunications, retail, manufacturing and others.

In this report, the next-generation computing market is segmented on the basis of organizational size into small and medium-sized enterprises (SMEs) and large enterprises. The enterprise segment is expected to hold the majority of the market share in the next-generation computing market. On the basis of region, global next-generation computing is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. North America has the largest market share in the next generation PC market.

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Computing capabilities depend on the size of the memory where the data is processed, and the computing power used to process large amounts of data. Next-generation computing aims to solve complex problems that traditional computing cannot solve due to limitations in speed, performance and energy efficiency. The criteria of data processing, transmission speed and energy consumption are met by modern computing architectures. 

This is mainly due to the technological development of the region, strong industries focused on research and development, global players in IT, telecommunications, manufacturing, automotive and healthcare, which use next-generation computing technologies in business processes and problem solving. North America region. The spread of artificial intelligence in many industries and the research and development needs of ministries and institutions are the most important growth factors for next-generation computing in the region.

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