Next Generation Computing Market, By Technology (Quantum Computing , Neuromorphic Computing , Molecular Computing , Optical Computing , and Spintronics), By Application (Artificial Intelligence and Machine Learning , Cryptography and Cybersecurity , Simulation and Modeling , Scientific Research , and Others), By End User (IT and Telecommunication , Healthcare , Aerospace and Defense , BFSI , and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Aug 2024

Code : CMI7340

Pages :170

Formats :

Excel and PDF

Industry : Information and Communication Technology

Market Concentration and Competitive Landscape

Next Generation Computing Market Concentration By Players

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Advancements in quantum computing and neuromorphic computing

The limitations of conventional computing architectures in tackling complex problems requiring massive parallelism have stimulated research in alternative computing paradigms. Two promising areas that have witnessed significant breakthroughs are quantum computing and neuromorphic computing inspired by neural architectures in the human brain. Quantum computing leverages the principles of quantum mechanics like superposition and entanglement to exponentially boost computational power. It holds potential to deliver breakthroughs in optimization, machine learning, and material simulation problems that are intractable even for the fastest supercomputers today.

On the other hand, neuromorphic computing aims to achieve extreme levels of parallelism, robustness and low power consumption by mimicking the neural structure of the brain. Researchers are exploring new computing devices, architectures and algorithms that function more like a brain rather than traditional computers. Their asynchronous, event-based characteristics are suited for real-time analysis of sensor data as well as cognitive workloads involving pattern recognition, control decisions and sensory processing. Early applications demonstrated include object recognition, control systems, and cognitive assistants.

Both quantum and neuromorphic computing represent a paradigm shift from conventional computing models. While the technologies are still in their nascent stage, steady progress is being made to scale up capacities and capabilities. Governments see them as an opportunity to gain strategic advantage and are investing heavily in related R&D programs. Large technology giants are also investing billions to be at the forefront of these futuristic technologies. As quantum and neuromorphic systems starts delivering commercially viable solutions in the next 5-10 years, they are likely to disrupt several domains and drive newer market opportunities. The transformational potential of these advanced computing models is fueling significant hype and increasing expectations worldwide.

Key Players Insights