Next Generation Computing Market to Experience 19.4% CAGR; Revenue to Boost Cross USD 782.10 Billion by 2030

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Next Generation Computing Market to Experience 19.4% CAGR; Revenue to Boost Cross USD 782.10 Billion by 2030
Next Generation Computing Market to Experience 19.4% CAGR; Revenue to Boost Cross USD 782.10 Billion by 2030

Next generation computing industry devices are fundamentally different from conventional and supercomputers. It is also called high-performance computing.

PORTLAND, PORTLAND, OR, UNITED STATE, October 9, 2023 /EINPresswire.com/: According to a new report published by Allied Market Research, titled The Next Generation Computing Market, the market was valued at $132.53 billion in 2020 and is estimated to reach $782.10 billion by 2030, growing at a CAGR of 19.4% from 2021 to 2030.

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The adoption of this software speeds up the customer satisfaction of various industrial verticals such as BFSI, IT & telecommunication, and healthcare, which maximises the value of existing customers by optimising their needs and minimising the cost of operation. This further fuels the adoption of services that are needed to handle the software properly.

The changes in consumer behaviour, government policies, and organisational priorities open a range of opportunities to adopt Next Generation Computing for innovative solutions to prepare for the new normal. Many of the changes in this new normal, such as remote work and telehealth, are expected to stay even after people get over the pandemic.

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On the basis of next generation computing market analysis, the increase in demand for enhanced computing performance for data analysis and the rise in usage of simulation and modelling in the healthcare, BFSI, and energy sectors drive market growth. In addition, the rise in demand for secure computing platforms, the influx of huge amounts of data, and the increase in adoption of quantum computing technologies by numerous industrial sectors are also expected to drive market growth.

However, several technological challenges associated with programming quantum computers and developing approximate and probabilistic computing algorithms are expected to hamper the growth of the next generation computing technology during the forecast period.

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Leading market players:

➢ IBM Corporation
➢ Amazon Web Services Inc.
➢ Alibaba Group Holding Limited
➢ Cisco Systems
➢ Google Inc.
➢ HPE
➢ Intel Corporation
➢ Oracle Corporation
➢ Atos SE
➢ Intel Corporation

This study includes market trends, market analysis, and future estimations to determine the imminent investment pockets.

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Also readHR Tech Adoption in MSMEs: Challenges & Solutions

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