Next Generation Computing Market is Expected to Reach $928.6 Billion by 2031: Allied Market Research

Rise in investments in next generation computing technology, growth in demand for high performance computing, and increase in demand for next generation computing from medical research and financial markets drive the growth of the global next generation computing market. Region-wise, the market in North America is likely to maintain its leadership during the forecast period.


Portland, OR , March 06, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global next generation computing market generated $157.9 billion in 2021, and is estimated to reach $928.6 billion by 2031, witnessing a CAGR of 19.6% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

Download Sample Report:

https://www.alliedmarketresearch.com/request-sample/16288

Report coverage & details:

Report CoverageDetails
Forecast Period2021–2031
Base Year2021
Market Size in 2021$157.9 Billion
Market Size in 2031$928.6 Billion
CAGR19.6%
No. of Pages in Report413
Segments CoveredComponent, Offering, Type, Enterprise Size, End Use Industry, and Region
Drivers
Rise in investments in next-generation computing technology

Increase in demand for next generation computing from the medical research and financial sectors


Surge in demand for cloud services as a result of the COVID-19 pandemic

 
Opportunities
High demand for high performance computing

RestraintsHigh operational challenges and issues regarding stability & error correction

Covid-19 Scenario:

  • The COVID-19 outbreak had a less negative impact on the next-generation computing market, owing to significant investments made out in the field of advanced technology, such as distributed computing, AI, ML, deep learning, cloud computing, and parallel computing.
  • Also, the increase in use of cloud-based next-generation computing software by several businesses and industries are likely to boost production and revenue which and support the market’s expansion.

The report offers a detailed segmentation of the global next generation computing market based on component, offering, type, enterprise size, end use industry, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.

Procure Complete Report (413 Pages PDF with Insights, Charts, Tables, and Figures) at:

https://www.alliedmarketresearch.com/checkout-final/a7bd6b54f5fe34b4eb2ceeeb97fd884b

Based on component, the hardware segment held the largest share in 2021, accounting for more than half of the global next generation computing market and would maintain its dominance in terms of revenue through 2031. However, the services segment is estimated to witness the fastest CAGR of 21.8% during the forecast period. The software segment is also discussed in the study.

Based on offering, the premise segment held the largest share in 2021, accounting for nearly three-fifths of the global next generation computing market, and would lead the trail through 2031. The cloud-based segment, on the other hand, is estimated to witness the fastest CAGR of 20.9% during the forecast period.

Based on type, the high-performance computing segment held the largest share in 2021, capturing more than one-fifth of the global next generation computing market revenue. On the other hand, the brain type computing segment is expected to manifest the fastest CAGR of 23.6% during the forecast period. The report also analyzes the quantum computing, approximate and probabilistic computing, energy efficiency computing, thermodynamic computing, memory-based computing, optical computing, and others segments.

 Based on enterprise size, the SMEs segment held the largest share in 2021, accounting for more than three-fifths of the global next generation computing market revenue, and would maintain its dominance in terms of revenue through 2031. However, the large enterprises segment is estimated to witness the fastest CAGR of 20.8% during the forecast period.

Based on end use industry, the government segment held the largest share in 2021, capturing nearly one-fifth of the global next generation computing market revenue, and would lead the trail through 2031. The IT and Telecom segment, on the other hand, is estimated to witness the fastest CAGR of 24.5% during the forecast period. The report also discusses the BFSI, energy and power, transportation & logistics, chemicals, academia, healthcare, space & defense, and other segments.

Based on region, the market share in North America was the largest in 2021, accounting for nearly two-fifths of the global next generation computing market revenue, and is likely to maintain its leadership status during the forecast period. However, the market in Asia-Pacific is expected to manifest the highest CAGR of 22.1% from 2022 to 2031. The other regions analyzed in the study include LAMEA and Europe.

Enquiry Before Buying:

https://www.alliedmarketresearch.com/purchase-enquiry/16288

Leading players of the global next generation computing market analyzed in the research include IBM Corporation, Alibaba Group Holding Limited, Atos SE, Hewlett Packard Enterprise Development LP, Intel Corporation, Cisco Systems, Inc., NEC Corporation, Amazon Web Services, Inc., Google LLC, Oracle Corporation.

These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

 

Contact Data