According to the report published by Allied Market Research, the global  next generation computing market generates $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.

The Asia-Pacific next-generation computing market is expected to witness the highest growth due to strong economic expansion, rising digital transformation, cloud adoption, and technological advancements, especially among SMEs. Ongoing modernization in workforce strategies and increased investment in real-time data analysis further drive this growth. Key players are focusing on operational efficiency, creating lucrative opportunities in the region.

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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.

Market Segmentation:

Component-wise, hardware dominated the global next generation computing market in 2021, accounting for over half of the total revenue. It is expected to retain its leading position through 2031. However, the services segment is projected to grow at the fastest CAGR of 21.8% during the forecast period. The software segment is also covered in the analysis.

By offering, the on-premise segment held the largest market share in 2021, making up nearly three-fifths of the global revenue, and is anticipated to lead through 2031. Meanwhile, the cloud-based segment is expected to register the highest CAGR of 20.9% over the same period.

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In terms of type, high-performance computing led the market in 2021, contributing more than one-fifth of the total revenue. Conversely, brain-type computing is forecast to witness the fastest growth, with a CAGR of 23.6%. The report also examines segments such as quantum computing, approximate and probabilistic computing, energy-efficient computing, thermodynamic computing, memory-based computing, optical computing, and others.

Based on enterprise size, small and medium-sized enterprises (SMEs) accounted for more than three-fifths of the market revenue in 2021 and are expected to maintain their dominance. However, large enterprises are projected to grow at the highest CAGR of 20.8% during the forecast period.

By end-use industry, the government sector held the largest share in 2021, representing nearly one-fifth of the global market, and is set to remain the leading sector through 2031. The IT and telecom segment is anticipated to experience the fastest growth, with a CAGR of 24.5%. The study also includes BFSI, energy and power, transportation and logistics, chemicals, academia, healthcare, space and defense, and other industries.

Regionally, North America led the global market in 2021, accounting for nearly 40% of the revenue, and is expected to continue its leadership throughout the forecast period. However, the Asia-Pacific region is projected to grow at the highest CAGR of 22.1% from 2022 to 2031. Other regions covered in the study include LAMEA and Europe.

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.

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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 in making strategic business decisions and achieving sustainable growth in their respective market domains. 

 

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm the utmost data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

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