Next Generation Computing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Next Generation Computing Market
The global next generation computing market size was valued at USD 110.57 billion in 2022 and is projected to grow from USD 132.61 billion in 2023 to USD 515.44 billion by 2030, exhibiting a CAGR of 21.4% during the forecast period of 2023-2030.
The pandemic has elevated the adoption of next-generation computing technology and pushed the improved demand for remote work, online education, telemedicine, and virtual transformation across industries, affecting next generation computing market growth.
The pandemic has profoundly impacted the following-era computing market, riding multiplied adoption of technologies like cloud computing, area computing, artificial intelligence, and 5G. With far-off work, online learning, and virtual healthcare turning into the norm, there's been a surge in calls for scalable, resilient, and stable computing solutions.
The integration of facet computing is revolutionizing the subsequent generation of computing by bringing processing energy toward fact sources, which include IoT devices and self-driving vehicles. This shift permits real-time facts evaluation and rapid choice-making, ideal for applications with annoying immediate responses, impeding the rise in global next generation computing market share. Edge computing empowers eventualities like autonomous motors making immediate decisions and IoT sensors triggering instantaneous movements. Its ability to process statistics at the supply enhances efficiency, reduces latency, and unlocks new opportunities for innovation in numerous industries, underscoring its pivotal position in shaping the destiny of computing.
Comprehensive Analysis of Next Generation Computing Market
The next era of computing market segmentation includes components, sorts, deployment modes, and industries. Hardware dominates, driven by demand for effective CPUs, GPUs, and AI accelerators. Services show a speedy boom, presenting consultancy and improvement guides. Cloud computing leads type-wise because of value efficiency and scalability, while side computing reveals excessive increases, catering to actual-time processing desires like IoT devices. On-premises deployment leads for its statistics security blessings, even as cloud adoption grows swiftly for scalability and far-flung accessibility. The IT & telecom quarter dominates enterprise-clever, driven by improvements in 5G, AI, and cloud computing, while the government sector indicates promising growth because of growing generation dependency.
The North American region led the medical devices market by benefitting a size of USD 49.89 billion in 2023 due to the accelerated adoption of cloud computing and the presence of critical providers of computing hardware and software; the forecast length is anticipated to witness a good-sized increase.
The market for next generation computing is significantly influenced by key players who shape its growth trajectory and set industry standards. These players, including Alphabet Inc. (U.S.), Alibaba Group Holding Limited (China), Microsoft (U.S.), Amazon Web Services, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.), ATOM COMPUTING, INC. (U.S.), Oracle Corporation (U.S.), NVIDIA Corporation (U.S.), and Hewlett Packard Enterprise Development LP (U.S.), contribute to a competitive landscape, driving innovation and market advancement.
In June 2021, following huge negotiations with AWS, Vodafone Group, a generation communications enterprise, opted to collaborate to deploy speedy area computing offerings throughout the whole of the U.K.
Segmentation Table
Attribute Details
Study Period 2017 - 2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023 – 2030
Historical Period 2017 - 2021
Growth Rate CAGR of 21.4% from 2023 to 2030
Unit Value (USD billion)
Segmentation By Component
Hardware
Software
Services
By Type
Quantum Computing
Edge Computing
High-performance Computing (HPC)
Cloud Computing
Others (Optical Computing & Nano Computing)
By Deployment Mode
On-premises
Cloud
By Industry
Healthcare & Life Sciences
BFSI
IT & Telecom
Government
Energy & Utilities
Manufacturing
Others (Chemical & Retail)
By Region
North America
- U.S. (By Industry)
- Canada (By Industry)
- Mexico (By Industry)
South America
- Brazil (By Industry)
- Argentina (By Industry)
- Rest of South America
Europe
- U.K. (By Industry)
- Germany (By Industry)
- France (By Industry)
- Italy (By Industry)
- Spain (By Industry)
- Russia (By Industry)
- Benelux (By Industry)
- Nordics (By Industry)
- Rest of Europe
Middle East & Africa
- Turkey (By Industry)
- Israel (By Industry)
- GCC (By Industry)
- North Africa (By Industry)
- South Africa (By Industry)
- Rest of Middle East & Africa
Asia Pacific
- China (By Industry)
- India (By Industry)
- Japan (By Industry)
- South Korea (By Industry)
- ASEAN (By Industry)
- Oceania (By Industry)
- Rest of Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Next Generation Computing Key Players Market Share/Ranking, 2022
- 5. Global Next Generation Computing Market Size Estimates and Forecasts, By Segments, 2017-2030
- 5.1. Key Findings
- 5.2. By Component (USD)
- 5.2.1. Hardware
- 5.2.2. Software
- 5.2.3. Services
- 5.3. By Type (USD)
- 5.3.1. Quantum Computing
- 5.3.2. Edge Computing
- 5.3.3. High-performance Computing (HPC)
- 5.3.4. Cloud Computing
- 5.3.5. Others (Optical Computing, Nano Computing, etc.)
- 5.4. By Deployment Mode (USD)
- 5.4.1. On-premises
- 5.4.2. Cloud
- 5.5. By Industry (USD)
- 5.5.1. Healthcare & Life Sciences
- 5.5.2. BFSI
- 5.5.3. IT & Telecom
- 5.5.4. Government
- 5.5.5. Energy & Utilities
- 5.5.6. Manufacturing
- 5.5.7. Others (Chemical, Retail, etc.)
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. South America
- 5.6.3. Europe
- 5.6.4. Middle East & Africa
- 5.6.5. Asia Pacific
- 6. North America Next Generation Computing Market Size Estimates and Forecasts, By Segments, 2017-2030
- 6.1. Key Findings
- 6.2. By Component (USD)
- 6.2.1. Hardware
- 6.2.2. Software
- 6.2.3. Services
- 6.3. By Type (USD)
- 6.3.1. Quantum Computing
- 6.3.2. Edge Computing
- 6.3.3. High-performance Computing (HPC)
- 6.3.4. Cloud Computing
- 6.3.5. Others (Optical Computing, Nano Computing, etc.)
- 6.4. By Deployment Mode (USD)
- 6.4.1. On-premises
- 6.4.2. Cloud
- 6.5. By Industry (USD)
- 6.5.1. Healthcare & Life Sciences
- 6.5.2. BFSI
- 6.5.3. IT & Telecom
- 6.5.4. Government
- 6.5.5. Energy & Utilities
- 6.5.6. Manufacturing
- 6.5.7. Others (Chemical, Retail, etc.)
- 6.6. By Country (USD)
- 6.6.1. United States
- 6.6.1.1. By Industry
- 6.6.2. Canada
- 6.6.2.1. By Industry
- 6.6.3. Mexico
- 6.6.3.1. By Industry
- 7. South America Next Generation Computing Market Size Estimates and Forecasts, By Segments, 2017-2030
- 7.1. Key Findings
- 7.2. By Component (USD)
- 7.2.1. Hardware
- 7.2.2. Software
- 7.2.3. Services
- 7.3. By Type (USD)
- 7.3.1. Quantum Computing
- 7.3.2. Edge Computing
- 7.3.3. High-performance Computing (HPC)
- 7.3.4. Cloud Computing
- 7.3.5. Others (Optical Computing, Nano Computing, etc.)
- 7.4. By Deployment Mode (USD)
- 7.4.1. On-premises
- 7.4.2. Cloud
- 7.5. By Industry (USD)
- 7.5.1. Healthcare & Life Sciences
- 7.5.2. BFSI
- 7.5.3. IT & Telecom
- 7.5.4. Government
- 7.5.5. Energy & Utilities
- 7.5.6. Manufacturing
- 7.5.7. Others (Chemical, Retail, etc.)
- 7.6. By Country (USD)
- 7.6.1. Brazil
- 7.6.1.1. By Industry
- 7.6.2. Argentina
- 7.6.2.1. By Industry
- 7.6.3. Rest of South America
- 8. Europe Next Generation Computing Size Estimates and Forecasts, By Segments, 2017-2030
- 8.1. Key Findings
- 8.2. By Component (USD)
- 8.2.1. Hardware
- 8.2.2. Software
- 8.2.3. Services
- 8.3. By Type (USD)
- 8.3.1. Quantum Computing
- 8.3.2. Edge Computing
- 8.3.3. High-performance Computing (HPC)
- 8.3.4. Cloud Computing
- 8.3.5. Others (Optical Computing, Nano Computing, etc.)
- 8.4. By Deployment Mode (USD)
- 8.4.1. On-premises
- 8.4.2. Cloud
- 8.5. By Industry (USD)
- 8.5.1. Healthcare & Life Sciences
- 8.5.2. BFSI
- 8.5.3. IT & Telecom
- 8.5.4. Government
- 8.5.5. Energy & Utilities
- 8.5.6. Manufacturing
- 8.5.7. Others (Chemical, Retail, etc.)
- 8.6. By Country (USD)
- 8.6.1. United Kingdom
- 8.6.1.1. By Industry
- 8.6.2. Germany
- 8.6.2.1. By Industry
- 8.6.3. France
- 8.6.3.1. By Industry
- 8.6.4. Italy
- 8.6.4.1. By Industry
- 8.6.5. Spain
- 8.6.5.1. By Industry
- 8.6.6. Russia
- 8.6.6.1. By Industry
- 8.6.7. Benelux
- 8.6.7.1. By Industry
- 8.6.8. Nordics
- 8.6.8.1. By Industry
- 8.6.9. Rest of Europe
- 9. Middle East & Africa Next Generation Computing Market Size Estimates and Forecasts, By Segments, 2017-2030
- 9.1. Key Findings
- 9.2. By Component (USD)
- 9.2.1. Hardware
- 9.2.2. Software
- 9.2.3. Services
- 9.3. By Type (USD)
- 9.3.1. Quantum Computing
- 9.3.2. Edge Computing
- 9.3.3. High-performance Computing (HPC)
- 9.3.4. Cloud Computing
- 9.3.5. Others (Optical Computing, Nano Computing, etc.)
- 9.4. By Deployment Mode (USD)
- 9.4.1. On-premises
- 9.4.2. Cloud
- 9.5. By Industry (USD)
- 9.5.1. Healthcare & Life Sciences
- 9.5.2. BFSI
- 9.5.3. IT & Telecom
- 9.5.4. Government
- 9.5.5. Energy & Utilities
- 9.5.6. Manufacturing
- 9.5.7. Others (Chemical, Retail, etc.)
- 9.6. By Country (USD)
- 9.6.1. Turkey
- 9.6.1.1. By Industry
- 9.6.2. Israel
- 9.6.2.1. By Industry
- 9.6.3. GCC
- 9.6.3.1. By Industry
- 9.6.4. North Africa
- 9.6.4.1. By Industry
- 9.6.5. South Africa
- 9.6.5.1. By Industry
- 9.6.6. Rest of MEA
- 10. Asia Pacific Next Generation Computing Market Size Estimates and Forecasts, By Segments, 2017-2030
- 10.1. Key Findings
- 10.2. By Component (USD)
- 10.2.1. Hardware
- 10.2.2. Software
- 10.2.3. Services
- 10.3. By Type (USD)
- 10.3.1. Quantum Computing
- 10.3.2. Edge Computing
- 10.3.3. High-performance Computing (HPC)
- 10.3.4. Cloud Computing
- 10.3.5. Others (Optical Computing, Nano Computing, etc.)
- 10.4. By Deployment Mode (USD)
- 10.4.1. On-premises
- 10.4.2. Cloud
- 10.5. By Industry (USD)
- 10.5.1. Healthcare & Life Sciences
- 10.5.2. BFSI
- 10.5.3. IT & Telecom
- 10.5.4. Government
- 10.5.5. Energy & Utilities
- 10.5.6. Manufacturing
- 10.5.7. Others (Chemical, Retail, etc.)
- 10.6. By Country (USD)
- 10.6.1. China
- 10.6.1.1. By Industry
- 10.6.2. India
- 10.6.2.1. By Industry
- 10.6.3. Japan
- 10.6.3.1. By Industry
- 10.6.4. South Korea
- 10.6.4.1. By Industry
- 10.6.5. ASEAN
- 10.6.5.1. By Industry
- 10.6.6. Oceania
- 10.6.6.1. By Industry
- 10.6.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Alphabet Inc.
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. IBM
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Alibaba Group Holding Limited
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Microsoft
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Amazon Web Services, Inc.
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Cisco Systems, Inc.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Intel Corporation
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. ATOM COMPUTING, INC.
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Oracle Corporation
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. NVIDIA Corporation
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
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