Next-Generation Computing is Shaping the Future of Technology – Explore How
With the rise in number of application scenarios, the conventional computing technologies are limiting the speed, performance, energy efficiency, and miniaturization. Next generation computing is there to solve this problem. Unlike classical computers, Next generation computing technology is based on quantum phenomena. Owing to its high performance, it has a wide array of applications in healthcare & life science, aerospace & defense, BFSI, manufacturing, IT & telecom, energy & utilities, and so on.
Neuromorphic computing uses a model based on human brain for hardware & computing platforms, chip design, semiconductor technologies, architectures, and algorithms. Quantum computers, on the other hand, can handle extreme complex calculations that would be almost impossible to perform even with conventional supercomputers. For instance, a French organization in R&D, named CEA in partnership with a startup company named C12 Quantum Electronics are using carbon nanotubes to develop the next generation of quantum computers.
The company has built an ultra-coherent and scalable platform for quantum computing by mixing an ultra-pure material with an easily produced semiconductor device. Quantum technology is expected to offer great promise for the next computing generation. Also, the two companies together have started to produce electronic chips for C12’s quantum accelerators.
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According to a report published by Allied Market Research, the?global next generation computing market ?size is projected to reach $782.1 billion with a considerable CAGR from 2021 to 2030. North America is currently dominating the market with the highest share, attributed to technological advancements in the developed economies such as the U.S, Canada, etc. The Asia-Pacific region, at the same time, is anticipated to grow at the fastest rate, owing to major shift towards digital transformation, development in next generation computing & real time data analysis, heavy investments by companies in next generation computing, and modernization in work force management strategy in emerging countries.
However, the outbreak of the COVID-19 pandemic led to have a slight negative impact on the growth of the global next generation computing market, due to implementation of global lockdown. On the other hand, surge in demand for cloud services during the pandemic has driven the growth of the market. Several market players are adopting advanced computing technics and are focusing on enhancing their operations in order to increase their business efficiency, which in turn, is helping them to stay competitive in the market. With this drift on board, the global next generation computing market along with AI is expected to assemble greater growth prospects in the years to come.