The global next ceneration computing market size was exhibited at USD 116.7 billion in 2022 and is projected to hit around USD 675.81 billion by 2032, growing at a CAGR of 5.10% during the forecast period 2023 to 2032.
Key Pointers:
Next Generation Computing Market Report Scope
Report Coverage | Details |
Market Size in 2023 | USD 139.1 Billion |
Market Size by 2032 | USD 675.81 Billion |
Growth Rate From 2023 to 2032 | CAGR of 5.10% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Segments Covered | Component, Type, Deployment, Organization Size, End-use |
Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
Regional Scope | North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
Key Companies Profiled |
IBM; Google; Amazon Web Services, Inc.; Intel Corp.; Atos SE; Microsoft; Hewlett Packard Enterprise Development LP; NVIDIA Corp.; Cisco Systems Inc.; Advanced Micro Devices, Inc.; Dell Inc. |
Next generation computing industry device is fundamentally different than conventional & supercomputers. It is also called high performance computing and uses technology based on quantum phenomena. Unlike classical computers, it uses quantum bits to process the data. In addition, next generation computing performs complex calculations proficiently when compared with classical computers and this factor majorly fuels growth of the next-generation computing market. Furthermore, it finds its applications in aerospace & defense, BFSI, healthcare & life science, energy & utilities, manufacturing, IT & telecom, and other industries.
Numerous factors such as rise in investments in next generation computing technology, growth in demand for high performance computing, and increase in demand for next-gen computing from medical research and financial markets drive the next generation computing market growth. Moreover, surge in demand for cloud services, owing to the COVID-19 pandemic drives the growth of the global next-gen computing market. However, high operational challenges and issues regarding stability and error correction hinder the next generation computing market share globally.
The report focuses on growth prospects, restraints, and analysis of the global next-generation computing market trends. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, the threat of new entrants, threat of substitutes, and bargaining power of buyers on the global next-generation computing.
Conventional computers can solve normal problems at moderate speed with good accuracy across various industries as in the aerospace industry next-generation computing helps to run complex simulations around wing aerodynamics. Manufacturers are adopting to run complex simulations to support the testing of new products before they enter large-scale development. Similarly, fintech firms run highly complex risk analyses and create models to help them spot fraud. The oil and gas sector is dependent on HPC to perform special analyses and test reservoir models in order to locate resources.
On the contrary, high-performance computers possess capabilities to solve complex problems at a faster rate compared to conventional and supercomputers. In addition, computers, which are accessible at present have certain limitations as they are limited by their processors, storage capacity, and latency problems, which creates demand for high-performance computing. High-performance computing uses Quantum Processing Units (QPU) to process data in a few seconds and provides infinite storage, owing to which various industries are adopting and developing high-performance computing technology.
Moreover, there is an increase in demand for high-performance computing for optimization, simulation, data modeling & analysis, and machine & deep learning as they contain huge amounts of complex data. NASA is focused on several high-performance computing technology investments to analyze massive data collected about the universe for research to find safe methods for space traveling in the future. For instance, in June 2022, NASA’s High-Performance Spaceflight Computing (HPSC) project is developing flight computing technology that will provide technical management of the design and delivery of computing chips. This factor is expected to drive the growth of the next-generation computing market globally.
Some of the prominent players in the Next Generation Computing Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Next Generation Computing market.
By Component
By Type
By Deployment
By End-use
By Region
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Next Generation Computing Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size, Penetration, & Growth Prospect Mapping
3.3 Regulatory Scenario
3.4 Next Generation Computing Market - Market Dynamics
3.5.1 Market driver analysis
3.5.1.1 Increasing need to process and manage large data volumes and complex workloads
3.5.1.2 Growing Research and Development (R&D) activities in technology companies
3.5.2 Market challenge analysis
3.5.2.1 Lack of skilled worforce
3.5.3 Market opportunity analysis
3.5.3.1 Increasing adoption of technologies such as AI, ML, and 5G
3.5 Next Generation Computing Market - PESTEL Analysis
3.6 Next Generation Computing Market - Porter’s Five Forces Analysis
3.7 COVID-19 Impact on the Next Generation Computing Market
Chapter 4 Next Generation Computing Component Outlook
4.1 Next Generation Computing Market Share, by Component, 2023
4.2 Hardware
4.2.1 Next generation computing hardware market, 2020 - 2032
4.3 Software
4.3.1 Next generation computing software market, 2020 - 2032
4.4 Services
4.4.1 Next generation computing services market, 2020 - 2032
Chapter 5 Next Generation Computing Type Outlook
5.1 Next Generation Computing Market Share, by Type, 2023
5.2 High-Performance Computing
5.2.1 Next generation computing high-performance computing market, 2020 - 2032
5.3 Quantum Computing
5.3.1 Next generation computing quantum computing market, 2020 - 2032
5.4 Cloud Computing
5.4.1 Next generation computing cloud computing market, 2020 - 2032
5.5 Edge Computing
5.5.1 Next generation computing edge computing market, 2020 - 2032
5.6 Others
5.6.1 Next generation computing others (by type) market, 2020 - 2032
Chapter 6 Next Generation Computing Deployment Outlook
6.1 Next Generation Computing Market Share, by Deployment, 2023
6.2 Cloud
6.2.1 Next generation computing cloud market, 2020 - 2032
6.3 On-premise
6.3.1 Next generation computing on-premise market, 2020 - 2032
Chapter 7 Next Generation Computing Organization Size Outlook
7.1 Next Generation Computing Market Share, by Organization Size, 2023
7.2 Small and Medium Sized Enterprises (SMEs) 58
7.2.1 Next generation computing Small and Medium Sized Enterprises (SMEs) market, 2020 - 2032
7.3 Large Size Enterprises
7.3.1 Next generation computing large size enterprises market, 2020 - 2032
Chapter 8 Next Generation Computing End-use Outlook
8.1 Next Generation Computing Market Share, by End-use, 2023
8.2 Automotive & Transportation
8.2.1 Next generation computing automotive & transportation market, 2020 - 2032
8.3 Energy & Utilities
8.3.1 Next generation computing energy & utilities market, 2020 - 2032
8.4 Healthcare
8.4.1 Next generation computing healthcare market, 2020 - 2032
8.5 BFSI
8.5.1 Next generation computing BFSI market, 2020 - 2032
8.6 Aerospace & Defense
8.6.1 Next generation computing aerospace & defense market, 2020 - 2032
8.7 Media & Entertainment
8.7.1 Next generation computing media & entertainment market, 2020 - 2032
8.8 IT & Telecom
8.8.1 Next generation computing IT & telecom market, 2020 - 2032
8.9 Retail
8.9.1 Next generation computing retail market, 2020 - 2032
8.10 Manufacturing
8.10.1 Next generation computing manufacturing market, 2020 - 2032
8.11 Others
8.11.1 Next generation computing others (by end-use) market, 2020 - 2032
Chapter 9 Next Generation Computing Regional Outlook
9.1 Next Generation Computing Market Share, by Region, 2023
9.2 North America
9.2.1 North America next generation computing market, 2020 - 2032
9.2.2 North America next geeration computing market, by component, 2020 - 2032
9.2.3 North America next generation computing market, by type, 2020 - 2032
9.2.4 North America next generation computing market, by deployment, 2020 - 2032
9.2.5 North America next generation computing market, by organization size, 2020 - 2032
9.2.6 North America next generation computing market, by end-use, 2020 - 2032
9.2.7 U.S.
9.2.7.1 U.S. next generation computing market, 2020 - 2032
9.2.7.2 U.S. next generation computing market, by component, 2020 - 2032
9.2.7.3 U.S. next generation computing market, by type, 2020 - 2032
9.2.7.4 U.S. next generation computing market, by deployment, 2020 - 2032
9.2.7.5 U.S. next generation computing market, by organization size, 2020 - 2032
9.2.7.6 U.S. next generation computing market, by end-use, 2020 - 2032
9.2.8 Canada
9.2.8.1 Canada next generation computing market, 2020 - 2032
9.2.8.2 Canada next generation computing market, by component, 2020 - 2032
9.2.8.3 Canada next generation computing market, by type, 2020 - 2032
9.2.8.4 Canada next generation computing market, by deployment, 2020 - 2032
9.2.8.5 Canada next generation computing market, by organization size, 2020 - 2032
9.2.8.6 Canada next generation computing market, by end-use, 2020 - 2032
9.3 Europe
9.3.1 Europe next generation computing market, 2020 - 2032
9.3.2 Europe next generation computing market, by component, 2020 - 2032
9.3.3 Europe next generation computing market, by type, 2020 - 2032
9.3.4 Europe next generation computing market, by deployment, 2020 - 2032
9.3.5 Europe next generation computing market, by organization size, 2020 - 2032
9.3.6 Europe next generation computing market, by end-use, 2020 - 2032
9.3.7 U.K.
9.3.7.1 U.K. next generation computing market, 2020 - 2032
9.3.7.2 U.K. next generation computing market, by component, 2020 - 2032
9.3.7.3 U.K. next generation computing market, by type, 2020 - 2032
9.3.7.4 U.K. next generation computing market, by deployment, 2020 - 2032
9.3.7.5 U.K. next generation computing market, by organization size, 2020 - 2032
9.3.7.6 U.K. next generation computing market, by end-use, 2020 - 2032
9.3.8 Germany
9.3.8.1 Germany next generation computing market, 2020 - 2032
9.3.8.2 Germany next generation computing market, by component, 2020 - 2032
9.3.8.3 Germany next generation computing market, by type, 2020 - 2032
9.3.8.4 Germany next generation computing market, by deployment, 2020 - 2032
9.3.8.5 Germany next generation computing market, by organization size, 2020 - 2032
9.3.8.6 Germany next generation computing market, by end-use, 2020 - 2032
9.3.9 France
9.3.9.1 France next generation computing market, 2020 - 2032
9.3.9.2 France next generation computing market, by component, 2020 - 2032
9.3.9.3 France next generation computing market, by type, 2020 - 2032
9.3.9.4 France next generation computing market, by deployment, 2020 - 2032
9.3.9.5 France next generation computing market, by organization size, 2020 - 2032
9.3.9.6 France next generation computing market, by end-use, 2020 - 2032
9.3.10 Italy
9.3.10.1 Italy next generation computing market, 2020 - 2032
9.3.10.2 Italy next generation computing market, by component, 2020 - 2032
9.3.10.3 Italy next generation computing market, by type, 2020 - 2032
9.3.10.4 Italy next generation computing market, by deployment, 2020 - 2032
9.3.10.5 Italy next generation computing market, by organization size, 2020 - 2032
9.3.10.6 Italy next generation computing market, by end-use, 2020 - 2032
9.3.11 Spain
9.3.11.1 Spain next generation computing market, 2020 - 2032
9.3.11.2 Spain next generation computing market, by component, 2020 - 2032
9.3.11.3 Spain next generation computing market, by type, 2020 - 2032
9.3.11.4 Spain next generation computing market, by deployment, 2020 - 2032
9.3.11.5 Spain next generation computing market, by organization size, 2020 - 2032
9.3.11.6 Spain next generation computing market, by end-use, 2020 - 2032
9.4 Asia Pacific
9.4.1 Asia Pacific next generation computing market, 2020 - 2032
9.4.2 Asia Pacific next generation computing market, by component, 2020 - 2032
9.4.3 Asia Pacific next generation computing market, by type, 2020 - 2032
9.4.4 Asia Pacific next generation computing market, by deployment, 2020 - 2032
9.4.5 Asia Pacific next generation computing market, by organization size, 2020 - 2032
9.4.6 Asia Pacific next generation computing market, by end-use, 2020 - 2032 116
9.4.7 China
9.4.7.1 China next generation computing market, 2020 - 2032
9.4.7.2 China next generation computing market, by component, 2020 - 2032
9.4.7.3 China next generation computing market, by type, 2020 - 2032
9.4.7.4 China next generation computing market, by deployment, 2020 - 2032
9.4.7.5 China next generation computing market, by organization size, 2020 - 2032
9.4.7.6 China next generation computing market, by end-use, 2020 - 2032
9.4.8 India
9.4.8.1 India next generation computing market, 2020 - 2032
9.4.8.2 India next generation computing market, by component, 2020 - 2032
9.4.8.3 India next generation computing market, by type, 2020 - 2032
9.4.8.4 India next generation computing market, by deployment, 2020 - 2032
9.4.8.5 India next generation computing market, by organization size, 2020 - 2032
9.4.8.6 India next generation computing market, by end-use, 2020 - 2032
9.4.9 Japan
9.4.9.1 Japan next generation computing market, 2020 - 2032
9.4.9.2 Japan next generation computing market, by component, 2020 - 2032
9.4.9.3 Japan next generation computing market, by type, 2020 - 2032
9.4.9.4 Japan next generation computing market, by deployment, 2020 - 2032
9.4.9.5 Japan next generation computing market, by organization size, 2020 - 2032
9.4.9.6 Japan next generation computing market, by end-use, 2020 - 2032
9.4.10 Australia
9.4.10.1 Australia next generation computing market, 2020 - 2032
9.4.10.2 Australia next generation computing market, by component, 2020 - 2032
9.4.10.3 Australia next generation computing market, by type, 2020 - 2032
9.4.10.4 Australia next generation computing market, by deployment, 2020 - 2032
9.4.10.5 Australia next generation computing market, by organization size, 2020 - 2032
9.4.10.6 Australia next generation computing market, by end-use, 2020 - 2032
9.4.11 South Korea
9.4.11.1 South Korea next generation computing market, 2020 - 2032
9.4.11.2 South Korea next generation computing market, by component, 2020 - 2032
9.4.11.3 South Korea next generation computing market, by type, 2020 - 2032
9.4.11.4 South Korea next generation computing market, by deployment, 2020 - 2032
9.4.11.5 South Korea next generation computing market, by organization size, 2020 - 2032
9.4.11.6 South Korea next generation computing market, by end-use, 2020 - 2032
9.5 Latin America
9.5.1 Latin America next generation computing market, 2020 - 2032
9.5.2 Latin America next generation computing market, by component, 2020 - 2032
9.5.3 Latin America next generation computing market, by type, 2020 - 2032
9.5.4 Latin America next generation computing market, by deployment, 2020 - 2032
9.5.5 Latin America next generation computing market, by organization size, 2020 - 2032
9.5.6 Latin America next generation computing market, by end-use, 2020 - 2032
9.5.7 Brazil
9.5.7.1 Brazil next generation computing market, 2020 - 2032
9.5.7.2 Brazil next generation computing market, by component, 2020 - 2032
9.5.7.3 Brazil next generation computing market, by type, 2020 - 2032
9.5.7.4 Brazil next generation computing market, by deployment, 2020 - 2032
9.5.7.5 Brazil next generation computing market, by organization size, 2020 - 2032
9.5.8 Mexico
9.5.8.1 Mexico next generation computing market, 2020 - 2032
9.5.8.2 Mexico next generation computing market, by component, 2020 - 2032
9.5.8.3 Mexico next generation computing market, by type, 2020 - 2032
9.5.8.4 Mexico next generation computing market, by deployment, 2020 - 2032
9.5.8.5 Mexico next generation computing market, by organization size, 2020 - 2032
9.5.8.6 Mexico next generation computing market, by end-use, 2020 - 2032
9.5.9 Chile
9.5.9.1 Chile next generation computing market, 2020 - 2032
9.5.9.2 Chile next generation computing market, by component, 2020 - 2032
9.5.9.3 Chile next generation computing market, by type, 2020 - 2032
9.5.9.4 Chile next generation computing market, by deployment, 2020 - 2032
9.5.9.5 Chile next generation computing market, by organization size, 2020 - 2032
9.5.9.6 Chile next generation computing market, by end-use, 2020 - 2032
9.5.10 Argentina
9.5.10.1 Argentina next generation computing market, 2020 - 2032
9.5.10.2 Argentina next generation computing market, by component, 2020 - 2032
9.5.10.3 Argentina next generation computing market, by type, 2020 - 2032
9.5.10.4 Argentina next generation computing market, by deployment, 2020 - 2032
9.5.10.5 Argentina next generation computing market, by organization size, 2020 - 2032
9.5.10.6 Argentina next generation computing market, by end-use, 2020 - 2032 156
9.6 MEA
9.6.1 MEA next generation computing market, 2020 - 2032
9.6.2 MEA next generation computing market, by component, 2020 - 2032
9.6.3 MEA next generation computing market, by type, 2020 - 2032
9.6.4 MEA next generation computing market, by deployment, 2020 - 2032
9.6.5 MEA next generation computing market, by organization size, 2020 - 2032
9.6.6 MEA next generation computing market, by end-use, 2020 - 2032
9.6.7 UAE
9.6.7.1 UAE next generation computing market, 2020 - 2032
9.6.7.2 UAE next generation computing market, by component, 2020 - 2032
9.6.7.3 UAE next generation computing market, by type, 2020 - 2032
9.6.7.4 UAE next generation computing market, by deployment, 2020 - 2032
9.6.7.5 UAE next generation computing market, by organization size, 2020 - 2032
9.6.7.6 UAE next generation computing market, by end-use, 2020 - 2032
9.6.8 Saudi Arabia
9.6.8.1 Saudi Arabia next generation computing market, 2020 - 2032
9.6.8.2 Saudi Arabia next generation computing market, by component, 2020 - 2032
9.6.8.3 Saudi Arabia next generation computing market, by type, 2020 - 2032
9.6.8.4 Saudi Arabia next generation computing market, by deployment, 2020 - 2032
9.6.8.5 Saudi Arabia next generation computing market, by organization size, 2020 - 2032
9.6.8.6 Saudi Arabia next generation computing market, by end-use, 2020 - 2032
9.6.9 South Africa
9.6.9.1 South Africa next generation computing market, 2020 - 2032
9.6.9.2 South Africa next generation computing market, by component, 2020 - 2032
9.6.9.3 South Africa next generation computing market, by type, 2020 - 2032
9.6.9.4 South Africa next generation computing market, by deployment, 2020 - 2032
9.6.9.5 South Africa next generation computing market, by organization size, 2020 - 2032
9.6.9.6 South Africa next generation computing market, by end-use, 2020 - 2032
Chapter 10 Competitive Analysis
10.1 Key Company Heat Map Analysis, 2023
10.2 Recent Developments & Impact Analysis, By Key Market Participants
10.3 List of Few Market Players
10.4 Vendor Landscape
Chapter 11 Competitive Landscape
11.1 IBM
11.1.1 Company overview
11.1.2 Financial performance
11.1.3 Product benchmarking
11.1.4 Strategic initiatives
11.2 Google
11.2.1 Company overview
11.2.2 Financial performance
11.2.3 Product benchmarking
11.2.4 Strategic initiatives
11.3 Amazon Web Services, Inc.
11.3.1 Company overview
11.3.2 Financial performance
11.3.3 Product benchmarking
11.3.4 Strategic initiatives
11.4 Microsoft
11.4.1 Company overview
11.4.2 Financial performance
11.4.3 Product benchmarking
11.4.4 Strategic initiatives
11.5 Advanced Micro Devices, Inc
11.5.1 Company overview
11.5.2 Financial performance
11.5.3 Product benchmarking
11.5.4 Strategic initiatives
11.6 Atos SE
11.6.1 Company overview
11.6.2 Financial performance
11.6.3 Product benchmarking
11.6.4 Strategic initiatives
11.7 Intel Corporation
11.7.1 Company overview
11.7.2 Financial performance
11.7.3 Product benchmarking
11.7.4 Strategic initiatives
11.8 NVIDIA Corporation
11.8.1 Company overview
11.8.2 Financial performance
11.8.3 Product benchmarking
11.8.4 Strategic initiatives
11.9 Hewlett Packard Enterprise Development LP
11.9.1 Company overview
11.9.2 Financial performance
11.9.3 Product benchmarking
11.9.4 Strategic initiatives
11.10 Cisco Systems, Inc.
11.10.1 Company overview
11.10.2 Financial performance
11.10.3 Product benchmarking
11.10.4 Strategic initiatives
11.11 Dell Inc.
11.11.1 Company overview
11.11.2 Financial performance
11.11.3 Product benchmarking
11.11.4 Strategic initiatives
Chapter 12 KoL Commentary
12.1 KoL Commentary, 2023