Next Generation Computing Market: The future of Next Generation Computing Companies

Global Next Generation Computing Market size was valued at USD 188.57 Bn in 2022 and is expected to reach USD 549.14 Bn by 2029, at a CAGR of 19.5% over the forecast period (2023-2029).
Next Generation Computing Market Overview
Next Generation computing is the latest advancement in technology that is expected to provide significant improvement in processing power, speed, and efficiency. Computing sector is expected to become increasingly polarised between small application-specific computing units that connect to provide system services, and larger more powerful units that require to analyze large volumes of data in real-time.To know about the Research Methodology :- Request Free Sample Report
Next Generation Computing Market Dynamics:
Artificial Intelligence to boost the Next Generation Computing Market growth

Artificial Intelligence is the biggest driver of the Next Generation Computing. With the help of Artificial Intelligence, businesses and organizations automate processes, gain insights in to data, and improve decision-making. As AI becomes more sophisticated, the need for powerful computing systems to support it will increase. The proliferation of connected devices, such as smart homes, wearable devices, and industrial sensors led to an explosion of data. To process this data and extract insights from it high-quality computing system is required, which is expected to boost the Next Generation Computing Market growth.

Cloud computing has transformed the way to operate business, allowing to access computing resources on demand and scale up and down as needed. As more businesses move their operations to the cloud, the demand for powerful computing systems continues to increase and influence the Next Generation Computing industry growth. High-performance computing is used for complex computations that require a lot of processing power, such as weather forecasting, scientific simulations, and financial modelling. These applications become more common and the demand for high performance computing increases. All these factors are expected to boost the Next Generation Computing market growth.

Restraints of Next Generation Computing Market

High implementing cost of computing technologies especially for small and medium-sized businesses. The cost of implementation act as a significant barrier to adoption, limiting the growth of the market. Shortage of skilled professionals with knowledge and expertise to implement and manage Next Generation Computing technologies is expected to limit the growth of the market, as companies struggle to find the right talent to support their technology investments. Increase in security concern with the volume and complexity of data processed by Next Generation Computing technologies, is risk to security breaches and cyber-attacks also increases. This factor lead to data loss, theft, or compromise, which could significantly impact the adoption of these technologies. Integrating Next Generation Computing technologies with existing systems can be challenging, especially if they are not designed to work together. Adoption of these technologies, as companies may have to invest in new infrastructure to support them is expected to boost the market growth. As Next Generation Computing technologies become more prevalent, there is a need for regulations to govern their use. Compliance with these regulations can be complex and costly, limiting the growth of the market.

Next Generation Computing Trends

Heterogeneous Computing Demands: CxOs are confronted with changing computing demands. Beyond the challenge to satisfy the business need for big data management, computing is required to meet the range from support for machine learning for speech recognition of internal and external digital assistant /Chabot solutions, to edge the enterprise. Pace of change is not slowing down by new demands for additional workforce support.

Data Center Utilization: As workloads move from enterprise data centers to public cloud vendors there is a struggle to reach the level of utilization with planning and investing in their data centers. There is a challenge in the business letting individual company divisions to their own automation tools, available to workload on-premises data centers.

The Need for a Single Control Plane: The new products bring a new control plane is history. Next Generation applications run efficiently via single control plane. Ramping up and Ramping down resources requires a “Zoo” of instrumentation. It is essential to automate resource scaling to focus on delivering value instead of spending time and energy.

Rising Complexity of IT Operations: The cloud has not fulfilled its promise to simplify IT for organizations as they are operating on a fluid automation plan that includes the public cloud and on-premises computing resources. Changes in management result in a shifting workload that affects the overall computing mix.

Compliance Pressure: Rise in compliance requirements due to operation of larger software portfolios affect computing and storage infrastructure. Data privacy and data residency regulations require enterprises to move on different locations and sometimes back to on-premises.

Degrees of Cloud Skepticism: Next generation application uses the best-operated cloud still a degree of skepticism over computing in the public cloud. It ranges from rational challenges to reasonable challenges to less rational concerns. CIOs need to implement and operate workloads in local data.

Technologies in Next Generation Computing Market

1. Unikernels
2. Blockchain
3. Container-as-a-Service
4. Software Defined Networking

Area of Opportunity in Next Generation Computing Industry

Cyber-physical systems Building existing strength in embedded and cyber physical systems with increasing research activities in the industry to maintain leadership. Focus on efforts to implement vision of smart network cyber physical systems based on low power architectures and powered by natively parallel software.

5G network adoption: The adoption of 5G networks presents an lucrative opportunity for businesses to leverage Next Generation Computing technologies to deliver faster and more efficient services.

Edge computing: The growth of edge computing presents an opportunity for businesses to leverage Next Generation Computing technologies to process data closer to the source, reducing latency and improving response times.

Challenges faced in Next Generation Computing

Data privacy and security: As the amount of data processed by Next Generation Computing technologies increases, the risk of data breaches and security threats also increases. This lead to data loss or theft, which could have a significant impact on businesses.

Limited adoption: The high cost of implementing and maintaining Next Generation Computing technologies, along with the lack of skilled professionals, limit the adoption, particularly for small and medium-sized businesses.

Ethical considerations: The development of AI and machine learning algorithms raises ethical considerations around the use of these technologies, particularly around issues of bias, transparency, and accountability.

Legacy systems: Integrating Next Generation Computing technologies with legacy systems can be challenging, particularly if these systems were not designed to work together.

Power consumption and environmental impact: Next Generation Computing technologies require significant computing power, which can increase energy consumption and have a negative impact on the environment.

Regulations: The use of Next Generation Computing technologies raises legal and regulatory issues around data privacy, security, and ethical considerations, which could impact their adoption and use.
Next Generation Computing Market Regional Analysis
The North America region next generation computing market is expected to experience significant growth over the forecast period. The market includes a range of advanced technologies, such as quantum computing, edge computing, artificial intelligence, and 5G networks. Key factors driving the growth of market in North America include the increasing demand for advanced computing capabilities across various industries, including healthcare, finance, and manufacturing, as well as the growing focus on improving data security and privacy. The region is home to several leading companies in the technology sector, including Google, Microsoft, and IBM, which are investing heavily in research and development of next generation computing technologies.

The Asia Pacific Next Generation Computing market uses advanced computing technologies such as artificial intelligence, machine learning, cloud computing, and quantum computing in the region. The market is expected to grow significantly due to the increasing adoption of digital technologies in various industries, such as healthcare, banking, and manufacturing. The market is expected to be driven by factors such as the increased demand for big data analytics, the need for efficient and reliable computing infrastructure, and the increasing adoption of IoT devices. The rise of e-commerce and the growth of the gaming industry are also expected to contribute to the growth of the Next Generation Computing market in the Asia Pacific region. China, Japan, India, and South Korea are countries to boost the market growth in the region.

The European market is expected to be driven by factors such as the growing demand for big data analytics, the need for efficient and reliable computing infrastructure, and the increasing adoption of IoT devices. The rise of e-commerce and the growth of the gaming industry are expected to boost Next Generation Computing market in Europe. Some of the key players in the market include IBM Corporation, Intel Corporation, Dell EMC, Cisco Systems, and Hewlett Packard Enterprise, among others. The Europe region is expected to witness significant growth in the Next Generation Computing market in the coming years, with countries such as the UK, Germany, France, and Italy leading the way.

The European Union has set a goal of becoming a world leader in high-performance computing, and is investing heavily in this field. This investment is expected to boost the growth of the Next Generation Computing market in Europe, making it a hub for innovation and development in the field of advanced computing.
Next Generation Computing Market Segment Analysis
Based on Component, the market is segmented into Hardware, Software, and Solution. The hardware segment dominated the market in 2022 accounting 50% of total Next Generation Computing market share of overall revenue and is expected to dominate the market over the forecast period. Availability of various next generation computing hardware products such as high performance CPUs, memory & storage, and networking component. Service segment is expected to grow at a significant growth rate over the forecast period. Increased need and availability of services with deployment and end user support services is expected to boost the service segment growth in the market.

Based on Enterprise size, the large enterprise segment dominated the market in 2022 and is expected to continue its dominance over the forecast period. Rise in innovation in business to acquire vital and upper hand over the rival is expected to boost the segment growth in the market. Clients use next generation computing to find new expertise and experience for huge scope of information, including authentic and present information. All these innovations are essential and reasonable for handling information and examination across a huge arrangement of information track down connections and a bit of knowledge. Adoption of high performance computing and memory-based computing is expected to fuel the large enterprise segment in the Next Generation Computing Market.Based on Offering, the On-premises segment has dominated the market in 2022 and is expected to continue the dominance over the forecast period. Various benefits by on premises segment such as elevated degree of information security and wellbeing. Cloud segment is expected to observe elevated development in the coming year attributed to cloud arrangement, which expands the interest for next generation computing programming across SMEs.
Next Generation Computing Market Competitive Landscape:
The Next Generation Computing industry consist of several established players and a large number of emerging companies aiming to gain the maximum market share. The computing industry is growing significantly as its facing huge demand because of the increase in research and development projects across the globe. Next Generation Computing key players focus on several high performance computing technology investment to analyze huge data collect for the research to find future aspects. In February 2020, South Korea’s Ministry of Science and ICT announced an investment of USD 40 Mn over five years in quantum computing. A new generation of computing technologies designed to address increasingly complex compute is increasing the demand for the computing technology. This includes new GPU architectures from NVIDIA, as well new CPUs from AMD, Intel, and NVIDIA.

For instance, in June 2022, NASA’s project on High-Performance Spaceflight Computing (HPSC) is developing flight computing technology that will provide technical management of the design and delivery of computing chips, which is beneficial for the growth of the market.
Next Generation Computing Market Scope: Inquire before buying



Next Generation Computing Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 188.57 Bn.


Forecast Period 2023 to 2029 CAGR:
19.5%
Market Size in 2029:
US $ 549.14 Bn.


 Segments Covered:
by Component
Hardware
Software
Solution


by Offering
Cloud Based
On Premise


by Type
High Performance Computing
Quantum Computing
Brain Type Computing
Approximate and Probabilistic Computing
Energy Efficiency Computing
Thermodynamic Computing
Memory Based Computing
Optical Computing
Edge Computing
Membrane Computing
Biocomputing
Neuromorphic Computing


by Enterprise size
SMEs
Large Enterprises


by End Use Industry
BFSI
Energy and Power
Transportation and Logistics
Chemicals
Academic
Government
IT and Telecom
Healthcare
Space and Defence
Manufacturing



Next Generation Computing Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Next Generation Computing Key Players Include
1. Atos
2. Oracle Corporation
3. Google LLC
4. Amazon Web Services, Inc
5. NEC Corporation
6. Cisco Systems, Inc
7. Intel Corporation
8. IBM Corporation
9. Hewlett Packard Enterprise Development LP
10. Dell Inc
11. NVIDIA Corp
12. Microsoft Corporation
13. Advanced Micro Devices
14. Infosys

Frequently Asked Questions:

1] What is the growth rate of the Global Next Generation Computing Market?
Ans. The Global Next Generation Computing Market is growing at a significant rate of 19.5 % over the forecast period.

2] Which region is expected to dominate the Global Next Generation Computing Market during the forecast period?
Ans. Asia Pacific region is expected to dominate the Next Generation Computing Market over the forecast period.

3] What is the expected Global Next Generation Computing Market size by 2029?
Ans. The market size of the Next Generation Computing Market is expected to reach USD 19.5 Bn by 2029.

4] Who are the top players in the Global Next Generation Computing Industry?
Ans. The major key players in the Global Communication Platform an Atos, Oracle Corporation, Google LLC, Amazon Web Services, Inc, and NEC Corporation

5] Which factors are expected to drive the Global Next Generation Computing Market growth by 2029?
Ans. Artificial Intelligence is expected to drive the Next Generation Computing Market growth over the forecast period (2023-2029).