Global Next Generation Computing Market Report and Forecast 2024-2032

Global Next Generation Computing Market Outlook

The global next generation computing market size reached approximately USD 195.54 billion in 2023. The market is assessed to grow at a CAGR of 19.4% between 2024 and 2032 to attain a value of around USD 969.81 billion by 2032.

Key Trends in the Market

Next generation computing encompasses the development of software and hardware that can solve challenges such as data transfer rates, data processing, and energy consumption, among others. Some prominent next generation computing technologies are cloud computing, quantum computing, and edge computing. It is widely used in different end-use sectors, ranging from entertainment to manufacturing.

• The introduction of favourable initiatives by governments to support research and development activities of new technologies is positively impacting the next generation computing market expansion. Investments and R&D in next-gen computing can not only boost economic growth and innovation and technology capabilities of a country but also contribute to sustainable growth and mitigate climate change.

• Growing attempts to enhance the energy efficiency of computing devices amid the surging reliance on electronic devices are also supporting the next generation computing market growth. Improvements in energy efficiency and economic value of next generation computing solutions are expected to bolster their applications in diverse fields, including environment, health, and automation in the coming years.

• Some of the key next generation computing market trends include advancements in technology, particularly machine learning (ML) and artificial intelligence (AI). AI and ML can manage the growing complexity of data, automate complex processes, and enhance the efficiency and capabilities of next generation computing solutions.

• The development of new materials such as foldable and transformational screens is revolutionising next-gen computing devices and systems. Besides, growing research activities in the fields of organic semiconductors and graphene, among others, are likely to further fuel the next generation computing market development in the forecast period.

Market Analysis

Based on component, the market is segmented into hardware, software, and services. On the basis of type, the market can be divided into high-performance computing, quantum computing, cloud computing, and edge computing, among others.

By enterprise size, the next generation market segmentation includes small and medium sized enterprises (SMEs) and large size enterprises. On the basis of deployment, the market is bifurcated into cloud and on-premises.

On the basis of end use, the market is divided into healthcare, BFSI, media and entertainment, IT and telecom, aerospace and defence, automotive and transportation, energy and utilities, and manufacturing, among others. The major regional markets for next generation computing include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global next generation computing market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Microsoft Corporation 

• Alphabet Inc. 

• Amazon Web Services, Inc. 

• Hewlett Packard Enterprise Development LP 

• Cisco Systems, Inc. 

• IBM Corporation 

• Oracle Corporation

• NVIDIA Corporation. 

• Intel Corporation 

• Advanced Micro Devices, Inc. 

• Others

Market Share by Type

Quantum computing represents a significant portion of the next generation computing market share. It performs complex operations, stimulates the behaviour of atoms and molecules, optimises fields such as supply chain management and logistics, and supports researchers in gaining insights into unexplored phenomenons. Advancements in next generation quantum computing are expected to improve supply chain optimisation and optimise elements such as path planning in complex processes in upcoming years.

Market Share by End Use

As per the next generation computing market analysis, the growing adoption of virtual models in the healthcare sector is boosting the demand for advanced computing devices. Cloud computing is particularly used in the healthcare sector to provide better patient care, enhance the accessibility to various healthcare services, provide instant access to patient records, improve scalability, and reduce overall costs of healthcare services.

In the forecast period, the deployment of next-gen quantum computing solutions in the development of novel medicines and therapies is anticipated to support the market.

Competitive Landscape

NVIDIA Corporation. is a leading developer and provider of GPU-accelerated computing, headquartered in California, the United States. It also provides platforms and products for different sectors, including automotive, data centre, gaming, and visualisation, among others. The company has emerged as a pioneer in the development of advanced chips for AI of the future.

Intel Corporation, founded in 1968, is a technology company that is headquartered in California, the United States. It designs and develops innovative semiconductors based on Moore’s Law to meet evolving customer needs and improve the lives of people. The company is also a leader in quantum computing and has developed advanced silicon spin qubit chips to drive advancements in quantum research.

Advanced Micro Devices, Inc. is a pioneer in high-performance computing as well as visualisation and graphic technologies that was founded in 1969. Its products and services have been synonymous with modern computing standards and developments in the gaming, data centre, and PC sectors. The company aims to develop products that can support next-generation computing experiences.

Other next generation computing market players include Microsoft Corporation, Alphabet Inc., Amazon Web Services, Inc., Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., IBM Corporation, and Oracle Corporation, among others.

Key Highlights of the Report

Next Generation Computing Market Report Snapshots

Next Generation Computing Market Size

Next Generation Computing Market Analysis

Next Generation Computing Market Share

Next Generation Computing Companies