Next Generation Computing Market is predicted to reach USD 26,02,482.5 million at a CAGR of 16.7% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Next Generation Computing Market”.

The Next Generation Computing Market is estimated to register a CAGR of 16.7% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Next Generation Computing market—IBM, Alphabet Inc., Amazon Web Services, Inc., Microsoft, Advanced Micro Devices Inc., Atos SE, Intel Corporation, NVIDIA Corporation, Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Dell Inc., Alibaba Group Holding Limited, Oracle Corporat Bosch GMBH, Avtech Corporation, and others.

Market Highlights

The global Next Generation Computing market is accounted for to register a CAGR of 16.7% during the forecast period and is estimated to reach USD 26,02,482.5 million by 2032.

Next-generation computing architectures and systems are characterized by their ability to process massive amounts of data, execute complex algorithms, and deliver real-time insights and responses. These technologies often transcend traditional computing models, offering scalable and distributed solutions that can adapt to diverse workloads and environments. Demand for next generation computing solutions is increasing due the factors like Increasing need to process and manage large data volumes and complex workloads. Furthermore, Growing Research and Development (R&D) activities in technology companies and Increase in demand for next-gen computing from medical research also fueling the market growth.

Next-generation computing refers to the ongoing evolution and advancement of computing technologies beyond current capabilities, often driven by innovations in hardware, software, and architecture. It encompasses a broad spectrum of emerging technologies and paradigms, including quantum computing, edge computing, artificial intelligence, machine learning, and advanced networking concepts.

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Segment Analysis

The global Next Generation Computing market has been segmented based on computing type, component, deployment type, organization size, end-use.

Based on computing type, the market is segmented into Cloud Computing, High-Performance Computing, Edge Computing, Energy Efficiency Computing, Memory-Driven Computing, Neuromorphic computing, Optical Computing, Quantum Computing, Approximate and Probabilistic Computing, and Others). The Edge Computing segment was attributed to holding the largest market share in 2022 with a market share of ~40% revenue as estimated by MRFR analysts.

Based on component, the global Next Generation Computing market has been segmented into Hardware, Software, and Services. The Software,,segment was expected to hold the largest market share in 2022.

Further, based on the deployment type, the market is segmented into Cloud and On-Premises. The On-Premises segment is projected to have the largest market share during the forecast period.

Further, based on the organization size, the market is segmented into Large Enterprises and SME. The SME segment is projected to have the largest market share during the forecast period.

Further, based on the end-use, the market is segmented into IT & Telecom, BFSI, Retail, Healthcare, Aerospace & Defense, Manufacturing, Energy & Utilities, Media & Entertainment, Automotive & Transportation, and Other End-Use. The IT & Telecom segment is projected to have the largest market share during the forecast period.

Regional Analysis

The global Next Generation Computing market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Next Generation Computing market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Next Generation Computing market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Next Generation Computing market comprises of Middle East, Africa, and Latin America.

North America stands at the forefront of next-generation computing technologies, as evidenced by its impressive market growth from $241,182 million in 2023 to $902,541 million by 2032, boasting a notable CAGR of 15.79%. This ascendancy is underpinned by substantial investments in cloud computing, artificial intelligence (AI), and edge computing. With a mature technology ecosystem fostering innovation and entrepreneurship, the region benefits from widespread digital transformation initiatives across various industries. The proliferation of Internet of Things (IoT) devices and the deployment of 5G networks further contribute to sustained growth. Moreover, the presence of major tech companies and leading research institutions continuously propels advancements in computing technologies, ensuring North America's position as a global leader in the field.

In Europe, a steady growth trajectory is observed in the adoption of next-generation computing technologies, with market values increasing from $186,722 million in 2023 to $679,248 million by 2032, achieving a CAGR of 15.43%. This growth is fueled by initiatives focused on digitalization, smart cities, and Industry 4.0, accompanied by investments in cybersecurity, data analytics, and AI. Supportive regulatory frameworks and collaborative research efforts further drive the development and adoption of advanced computing technologies across sectors, enhancing competitiveness and fostering innovation throughout the region.

Asia-Pacific emerges as a key growth market for next-generation computing, with market values escalating from $167,272 million in 2023 to $793,237 million by 2032, boasting a remarkable CAGR of 18.88%. Fueled by rapid urbanization, increasing internet penetration, and a burgeoning tech startup ecosystem, countries like China, Japan, and South Korea lead in AI research and development. Meanwhile, India and Southeast Asian nations focus on expanding digital infrastructure. Robust economic growth, coupled with government initiatives to promote digital innovation, drives significant investments across diverse industries, positioning Asia-Pacific as a major hub for computing technologies

Key Findings of the Study

• The global Next Generation Computing market is expected to reach USD 26,02,482.5 million by 2032, at a CAGR of 16.7% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market, AI in video surveillance can be quite useful for identifying unexpected events and producing alerts.


• IBM, Alphabet Inc., Amazon Web Services, Inc., Microsoft, Advanced Micro Devices Inc., Atos SE, Intel Corporation, NVIDIA Corporation, Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Dell Inc., Alibaba Group Holding Limited, Oracle Corporat Bosch GMBH, Avtech Corporation are the key market players.