NEXT GENERATION COMPUTING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global next generation computing focuses on computing technologies that go beyond current capabilities. Going forward, next generation technologies will push the boundaries of computing to enable faster, more powerful, and efficient systems. Quantum computing, neuromorphic computing, and photonic computing are some of the emerging technologies that are reshaping the computing landscape. Quantum computing leverages the principles of quantum mechanics like superposition and entanglement to process information exponentially faster than classical computers. Neuromorphic computing aims to mimic the brain's biological neural networks to achieve low power, high efficiency computing. Photonics involves using photons or light to transmit and process information and could lead to communications networks operating at the speed of light. The convergence of technologies like artificial intelligence, 5G networking, and memory innovations will stimulate innovation in next generation systems and drive their adoption across industries over the coming decade.
Market Dynamics:
The global next generation computing market is driven by the increasing demand for faster and more efficient computing from industries like healthcare, finance, automotive, and manufacturing. Quantum computing, in particular, is poised to revolutionize sectors like materials science, logistics and cybersecurity by solving problems currently too complex or time-consuming for classical computers. However, developing new computing architectures is challenging and expensive. High costs of R&D and limited skilled workforce restrict the advancement of next generation technologies. Lack of standards and interconnectivity between different platforms also hampers market growth. Nevertheless, ongoing government initiatives and investments from technology giants are increasing awareness and commercial applications. Rising 5G deployment will further fuel the development of photonic and neuromorphic systems powering autonomous vehicles and Industry 4.0. Widespread adoption of cloud computing and edge infrastructure also provides an opportunity to integrate emerging technologies.
Key Features of the Study:
- This report provides in-depth analysis of the global next generation computing market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global next generation computing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Amazon Web Services (AWS), Alphabet Inc. (Google), AMD (Advanced Micro Devices, Inc.), Apple Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, NVIDIA Corporation, Oracle Corporation, Qualcomm Incorporated, Samsung Electronics Co., Ltd., SAP SE, Supermicro Computer, Inc., Tencent Holdings Limited, and Texas Instruments Incorporated
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global next generation computing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global next generation computing market
Detailed Segmentation-
Table of Contents
*Browse 32 market data tables and 28 figures on 'Global Next Generation Computing Market' - Global forecast to 2031
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