Press release
Next Generation Computing Market Size to grow at a CAGR of 16.7% by 2032
Next generation computing encompasses a range of cutting-edge technologies and paradigms that are poised to revolutionize the computing landscape. These include trusted computing, neuromorphic computing, and quantum computing. Trusted computing aims to create next-generation information systems that can guarantee extremely high levels of trust, security, and privacy, relying on technologies such as encryption, authentication, verification, and blockchain to ensure the integrity, confidentiality, and availability of data and transactions.
Neuromorphic computing, on the other hand, leverages the human brain as a model for hardware and computing platforms, semiconductor technologies, chip design, architectures, and algorithms to enhance the performance and energy efficiency of computing systems, including mobile and edge applications.
Next Generation Computing Market Size was valued at USD 5,58,881.9 million in 2022. The Next Generation Computing market industry is projected to grow from USD 6,48,340.0 Million in 2023 to USD 26,02,482.5 million by 2032, exhibiting a compound annual growth rate (CAGR) of 16.7% during the forecast period (2023 - 2032).
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Market Players
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
Agilent Technologies
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Factors Driving Growth
Several key factors are driving the growth of the next generation computing market. These include:
Rise in investments in next generation computing technology
Growth in demand for high-performance computing
Increase in demand for next-generation computing from medical research and financial markets
Surge in demand for cloud services due to the COVID-19 pandemic
Expansion in the use of on-premise next-generation processing for organizations
Advancements in quantum computing technology
Increase in the number of gaming businesses implementing next-generation computing applications.
This growth is attributed to various factors such as increased investments in next generation computing technology, rising demand for high-performance computing, and the surge in demand for cloud services due to the COVID-19 pandemic.
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