Next generation computing refers to computing that goes beyond existing computing models and capabilities. It leverages advanced technologies such as artificial intelligence (AI), quantum computing, neuromorphic computing, and edge computing to deliver significantly higher performance and enhanced capabilities.
The need for Next Generation Computing Market Size And Trends rising across industries due to growing computing power requirements for high-performance applications such as machine learning, data analytics, and simulation. Next generation platforms are able to process massive amounts of data more quickly to derive real-time insights. Industries relying on computation-intensive workloads, including healthcare, automotive, manufacturing and banking, are investing significantly in next generation systems.
The Global next generation computing market is estimated to be valued at US$ 168.57 Bn in 2024 and is expected to exhibit a CAGR of 19% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the next generation computing are 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. These leading players are focusing on developing advanced computing platforms and solutions to gain a competitive edge in the market.
The Next Generation Computing Market Size include growing demand for AI and machine learning workloads, increasing adoption of edge and cloud computing, and focus on development of quantum computing technologies. Edge and cloud platforms are enabling organizations to leverage next generation architectures for various applications at lower costs. Quantum computing, if commercialized, can significantly boost computational capabilities and power various computationally-intensive applications.
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