Research Nester Analytics LLC ’s recent market research analysis on “Next-Generation Computing Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global next generation computing market in terms of segmentation by component, type, deployment, organization size, end-use industry, and by region
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Increasing Implementation of Artificial Intelligence and Machine Learning to Drive Growth of the Global Next-Generation Computing Market
The newest tech innovation, the Internet of Things, generates enormous amounts of data from networked devices such as home automation systems, GPS beacons, and virtual entertainment. The large volumes of data generated by these channels are increasingly being managed and stored through the use of next-generation computing. It generates a lot of sensitive data and stimulates interest in computing that is next generation. It entails monitoring temperatures, preparing for hardware failures, and turning on autonomous driving. There will be roughly 15.14 billion IoT devices by 2023. For instance, for the past seven years, the U.S. Department of Energy's (DOE) Exascale Computing Project (ECP) has brought together a diverse team of computing professionals to improve next-generation computer architectures and revolutionize scientific modelling. One of the distinguishing features of ECP is its cooperation with industry partners that have advanced exascale research and development and successfully combined hardware, software, and applications to establish a fully functional exascale ecosystem.
Some of the major growth factors and challenges that are associated with the growth of the global next-generation computing market are:
Growth Drivers:
• Surging Adoption of Cloud-Based Computing Solutions
• Development of Artificial Intelligence's Integration in Diverse Industries
Challenges:
Implementing computer technology can be costly, especially for small and medium-sized businesses. Costs associated with implementation substantially impede adoption and limit market expansion. Lack of qualified personnel capable of managing and implementing next-generation computing technology is upending the market. Growth will likely be limited as companies find it difficult to hire the right people to support their technological expenditures. Next-generation computer technology is handling large and sophisticated amounts of data, which is increasing security concerns and increasing the likelihood of security breakdowns and cyberattacks. This component carries the risk of causing data loss, theft, and compromise in addition to having a significant impact on the adoption of different technologies. The high cost of computing technology is expected to hamper the market growth.
The global next-generation computing market is segmented component, type, deployment, organization size, and end-use industry, where type is sub-segmented into high-performance computing, quantum computing, cloud computing and edge computing. By the end of 2036, the cloud computing segment is anticipated to garner the largest revenue of USD 4087.66 billion with a CAGR of 19.54% over the forecast period. The primary drivers of the cloud computing industry are the increasing acceptance of remote work and the need for cloud-based business continuity solutions and services.
Over the forecast period of 2024-2036, the Asia Pacific next-generation computing market is predicted to develop at a CAGR of 20.74%. The Asia Pacific market was worth USD 89.96 billion in 2023, and it is expected to be worth USD 1004.26 billion by the end of 2036. The next-generation computing market in Asia-Pacific makes use of cutting-edge technology in the area, such as cloud computing, quantum computing, artificial intelligence, and machine learning. The market for next-generation computers is anticipated to expand as a result of the growing use of digital technology across a range of sectors, including manufacturing, banking, and healthcare. The market is anticipated to be driven by factors including the growing usage of IoT devices, the requirement for dependable and efficient computing infrastructure, and the growing need for big data analytics. The Asia-Pacific consumer IoT market was estimated to be worth 14.29 billion US dollars in 2022.
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