Next Generation Computing Market Poised for Rapid Expansion, expected to Surpass USD 111.6 Billion
NEWARK, Delaware – The next generation computing market is experiencing strong growth and is projected to surpass USD 111.6 million,driven by advancements in quantum and neuromorphic computing,AI-driven processors,and next-generation memory systems.
Despite this positive trajectory,the industry faces hurdles including a shortage of skilled professionals and high costs associated with infrastructure and research & development. However, investments from governments and corporations in training initiatives, academic collaborations, and specialized funds are aimed at addressing these challenges.
Key players driving innovation include Amazon Web Services, IBM Corporation, Alibaba Group Holding Limited, Cisco Systems Inc., Google Inc., HPE, Intel Corporation, Oracle Corporation, Atos SE, and Microsoft Corporation, all heavily investing in R&D. Recent breakthroughs include IBM’s “Eagle” processor with 127 quantum bits and Intel’s AI-powered Xeon chips, alongside advancements in lithium-sulfur battery simulations utilizing quantum systems. These companies are also forging strategic alliances with sectors like automotive, energy, and BFSI to broaden market reach.
Future Market Insights (FMI), a global provider of market intelligence and advisory services, notes that emerging technologies like blockchain for secure computing are also contributing to scalable solutions. FMI is ESOMAR certified, a Stevie Award recipient, and a member of the Greater New York Chamber of Commerce, employing over 400 analysts worldwide.
