Summary

Next-generation computing technologies are evolving from emergence of new technologies and research areas such as quantum computing, artificial intelligence, machine learning, deep learning, cloud computing, parallel computing, grid computing, and their related applications. These emerging topics in the field of information technology define the future of computing technologies. By using the internet and central remote services, it maintains data and applications that offers much more efficient computing by centralizing storage, memory, processing, and bandwidth. It can also concentrate all computation resources and manage automatically through software without intervening in it.
Numerous factors such as rise in investments in next gen computing technology, growth in demand for high performance computing, and increase in demand for next-gen computing from medical research and financial markets drive growth of the market Moreover, surge in demand for cloud services, owing to the COVID-19 pandemic drives growth of the global next-gen computing market. However, high operational challenges and issues regarding stability and error correction hinder growth of the market globally. Furthermore, increase in use of on-premise next generation computing for businesses, growth in advancements in quantum computing technology, and increase in number of gaming industries implementing next-gen computing applications create lucrative opportunities in the market globally.
The global next generation computing market is segmented into component, deployment, type, organization size, industry vertical, and region. By component, the market is divided into hardware, software, and service. Depending on deployment, it is segregated into on-premise and cloud. On the basis of organization size, it is bifurcated into large enterprises and small & medium size enterprises. As per type, it is fragmented into high performance computing, quantum computing, brain computer interface, approximate and probabilistic computing, energy efficiency computing, thermodynamic computing, memory-based computing, optical computing, and others. By industry vertical, it is categorized into BFSI, healthcare, space & defense, energy & power, transportation & logistics, chemicals, academia, government, telecom, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Market players operating in the next generation computing market include IBM Corporation, Amazon Web Services Inc., Alibaba Group Holding Limited, Cisco Systems, Google Inc., HPE, Intel Corporation, Oracle Corporation, Atos SE and Intel Corporation. These major players have adopted various key development strategies such as business expansion, partnership, collaboration and new product launches, which help to strengthen their foothold in the global next generation computing market.