Next Generation Computing Market Globally, is Estimated to Rise USD 782.10 Billion by 2030 | Key Players - Intel Corporation, Oracle Corporation, Atos SE

According to a new report published by Allied Market Research, titled, "Next Generation Computing Market Size," The next generation computing market was valued at $132.53 billion in 2020, and is estimated to reach $782.10 billion by 2030, growing at a CAGR of 19.4% from 2021 to 2030.

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Next generation computing market trends in Asia-Pacific is expected to exhibit highest growth during the forecast period, owing to strong economic growth along with the ongoing development in next generation computing and real-time data analysis, which drives organizations to invest heavily in next generation computing market to sustain growth and improve productivity.

In addition, factors such as major shift toward digital transformation, cloud deployment & technological advancement among small & medium businesses, and continuously ongoing modernization in work force management strategy in emerging economies notably contribute toward the market growth.

On the basis of next-generation computing market analysis Increase in demand for enhanced computing performance for data analysis and rise in usage of simulation & modeling in healthcare, BFSI, and energy sectors drive the market growth.

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In addition, the rise in the need for secure computing platforms, influx of huge amounts of data, and the increase in the adoption of quantum computing technologies by numerous industrial sectors are also expected to drive market growth.

However, several technological challenges associated with programming quantum computers, and developing approximate and probabilistic computing algorithms are expected to hamper growth of the next generation computing technology during the forecast period.

On the basis of component, the hardware segment dominated the overall next generation computing industry in 2020, and is expected to continue this next generation computing market trends during the forecast period. This is attributed to increase in adoption of next-generation computing solutions among enterprises to gain strategic as well as competitive advantage and strong customer retention over their competitors.

In addition, these solutions save both time as well as money, leverage existing data investments, and improve image analysis capabilities, with just a single software application. Moreover, next generation computing service providers are upgrading their software solutions to expand the range of next generation computing applications to reach more customers, which provides lucrative opportunities for the market growth.

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Depending on offering, the on-premise segment garnered the largest share in 2020, and is expected to continue this trend during the forecast period. This is attributed to numerous benefits provided by this on-premise deployment such as high level of data security and safety.

However, the cloud segment is expected to witness highest growth in the upcoming years. As cloud deployment does not need any investment in IT infrastructure as all data is stored on cloud server, which increases the demand for of next generation computing software in small and medium scale organizations.

As per Next Generation Computing market forecast post COVID-19, the global next generation computing market size is estimated to grow from $ 158.02 billion in 2021, and reach $ 782.10 billion by 2030, at a CAGR of 19.4%.

This report gives an in-depth profile of some key market players in the Next Generation Computing industry are IBM Corporation, Amazon Web Services Inc., Alibaba Group Holding Limited, Cisco Systems, Google Inc., HPE, Intel Corporation, Oracle Corporation, Atos SE and Intel Corporation. This study includes market trends, market analysis, and future estimations to determine the imminent investment pockets.

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KEY FINDINGS OF THE STUDY BASED ON NEXT GENERATION COMPUTING MARKET SHARE:

• By component, the solution segment dominated the Internet of Things Industry in 2020. However, the service segment is expected to exhibit significant growth during the forecast period.

• On the basis of offering, the on premise segment accounted for the highest revenue of market in 2020; however, the cloud segment is expected to witness the highest growth rate during the forecast period.

• Depending on organizational size, the large scale segment generated the highest revenue in 2020. However, the SMEs segment is expected to witness the highest growth rate in the near future.

• By Type, the high performance computing segment dominated the next generation computing industry in 2020. However, the energy efficiency computing segment is expected to exhibit significant growth during the forecast period.

• Depending on end user industry, the government segment generated the highest revenue in 2020. However, the government segment is expected to witness the highest growth rate in the near future.

• Region wise, the next-generation computing industry was dominated by North America. However, Asia-Pacific is expected to witness significant growth in the coming years.

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