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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Next Generation Computing Market Size
The global next generation computing market 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.
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
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 195.54 billion.
The market is assessed to grow at a CAGR of 19.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 969.81 billion by 2032.
The major market drivers are the growing focus on enhancing the energy efficiency of next generation computing, increasing investments in R&D in next-gen computing, and the rising usage of quantum computing.
The key trends propelling the market expansion include the rising usage of next generation computing in the healthcare sector, the development of new materials such as foldable and transformational screens, and technological advancements and innovations.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant end uses of next generation computing are healthcare, BFSI, media and entertainment, IT and telecom, aerospace and defence, automotive and transportation, energy and utilities, and manufacturing, among others.
The major players in the market are Microsoft Corporation, Alphabet Inc., Amazon Web Services, Inc., Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., IBM Corporation, Oracle Corporation, NVIDIA Corporation., Intel Corporation, and Advanced Micro Devices, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124