Global Quantum Computing Market Overview
Quantum Computing Market Size Was Valued at USD 195.62 Million in 2023 and is Projected to Reach USD 1054.91 Million by 2032, Growing at a CAGR of 5.59% From 2024-2032.
Quantum computing is a research field focused on the development of computational technology that focuses on the principles of quantum theory. Quantum theory describes the properties and behavior of energy and matter at the quantum level (atoms and subatomic). Quantum computing uses a combination of bits to perform a specific computing task. And all of this is much more efficient than its traditional counterparts. The development of quantum computers is demonstrating a breakthrough in computing power by significantly improving the performance of certain applications. For example, quantum computing is characterized by similar simulations. The quantum computer market will evolve from research-based use cases to commercial use cases as technology gains a quantum advantage over the next four years. When that happens, the development will progress rapidly, and companies capable of leveraging quantum computing will soon enjoy the rewards of their initial investment. Quantum computing impacts several aspects of the IT environment, from power consumption to data generation to traditional computing integration. The rapid effects of quantum computing will be an important factor in determining who will win and who will lose in this technological change. Early quantum computing is cloud-centric, but various vendors will benefit financially and hence boosting the growth of the quantum computing market globally.
Market Dynamics And Factors For Quantum Computing Market
Drivers:
Quantum computing is gaining importance in the banking and financial services industry, which focuses on accelerating trading activities, trading, and computing equipment. One of the most important possible applications of quantum computing is simulation. Quantum computing helps identify improved and efficient ways to manage financial risk. Using traditional computers in financial institutions can dramatically increase processing time and the cost of high-quality solutions, but quantum computers can perform high-speed operations at optimized costs, resulting in cost savings and revenue. It brings new opportunities for creation. Rise in investments in quantum computing technology.
Various government agencies involved in the world's space and defense sectors are increasingly investing in the development of quantum computing technology to enable quantum computers to implement various optimization and simulation strategies. Governments in different countries around the world are investing heavily to support research institutes in the development of quantum computing technology. China has invested heavily in research and development related to quantum computer technology. Governments in the United States and Australia, as well as countries in the European Union, are promoting quantum computing initiatives. In August 2017, the Commonwealth Bank (CBA) partnered with telecommunications companies Telstra, the Federal Government, the Government of New South Wales, and the University Of New South Wales (UNSW) to achieve the first quantum in a USD 83 million project.
Restraints:
Traditional computers are programmed using bits as data units. Quantum computers use so-called qubits, which can simultaneously represent combinations of zeros and ones, based on a principle called superposition. Quantum computers use physical qubits, which are error-prone. It is estimated that 1,000 physical qubits are required to make a single logical qubit error-free, which is a goal yet to be realized. Till 2020, devices with up to 5,000 physical qubits had been developed. However, a commercially useful quantum computer is expected to be a 200 logical qubit machine with 200,000 physical qubits. Commercializing quantum computers is a complex task. To date, it is not possible to maintain the quantum mechanical state of qubits for a long period as they are delicate and can get easily disrupted by changes in environmental temperature, noise, and frequency. Moreover, several blockchain-based technologies rely on the elliptic curve digital signature algorithm (ECDSA), which is not quantum-safe at present.
Opportunities:
Several government agencies involved in the global defense and space sector are gradually investing in quantum computing technology to enable various simulation and optimization strategies to be applied to quantum computing. Governments in many countries around the world are investing heavily to support research institutes in the expansion of quantum computing technology. In 2020 the Russian government announced an investment of USD 790 million in the development of practical quantum computing technology. The government plans to establish a new National Quantum Institute to incorporate international best practices and resources from research institutes, universities, technology starters, and companies.
Data analytics is one of the fastest emerging sectors of having the massive opportunity for integration of quantum computing in the sector. Quantum mechanics and quantum computing help solve large-scale problems in various industries which have a large amount of data. Topology analysis describes calculations that geometry behaves in a particular way and is simply not possible with today's traditional computers due to the datasets used. In quantum computing, this can be reduced to a relatively simple calculation. NASA is using quantum computers to analyze the vast amount of data collected about space and research better and safer ways to travel in space.
Market Segmentation
Segmentation Analysis of Quantum Computing Market:
By Type, Service is the dominating segment in the Quantum Computing Market during the forecasted period. The growth of this service segment is due to the growing number of startups around the world investing in R & D activities related to quantum computing technology. Used in optimization, simulation, and machine learning applications, this technology provides optimal usage costs and highly efficient processes in a variety of end-user industries. Quantum Computing as a Service is the leading service-based application in the quantum computing market.
By Deployment, Cloud-based deployment is dominating the segment in Quantum Computing Market. With the development of high-performance systems, the demand for cloud-based provision of quantum computing systems and services is expected to increase. This is expected to be an important source of revenue for service providers as users pay to access a noisy midscale quantum system (NISQ) that can solve real problems. The limited lifespan of rapidly advancing quantum computer systems also benefits cloud service providers. The flexibility of access provided to users is another factor driving the adoption of cloud-based delivery of quantum computing systems and services. Quantum computers are unlikely to be portable shortly. The cloud allows users to access a variety of devices and simulators from their laptops.
By Application, Machine Learning is expected to be dominating segment in Quantum Computing Market. Quantum machine learning involves integrating quantum algorithms into machine learning programs. Complex models make it very difficult to systematically sort a large number of variables. Therefore, users can choose quantum computing technology to solve this complexity accurately and quickly. For example, the Monte Carlo method uses sampling techniques to estimate numbers from large datasets. Quantum algorithms can be used to speed up solution execution, and algorithms can be used to speed up Monte Carlo implementations and reduce computational time.
By Industry Use, Healthcare and Pharmaceuticals are expected to be dominating segments in Quantum Computing Market. Governments in various countries are increasing their spending on health and medicine to address this issue. Companies in this industry are focused on adopting new technologies such as quantum computers. Quantum computing technology enables scientists to develop ultra-precision, ultra-personalized medical and diagnostic tools. In addition, quantum sensors can be used in magnetic resonance tomography (MRT) for ultra-precision measurements.
Regional Analysis of Quantum Computing Market:
The APAC region is the premier hub for multiple industries such as healthcare and pharmaceuticals, banking and finance, and chemicals. Countries such as China, Japan, and South Korea are major manufacturers of home appliances such as smartphones, laptops, and game consoles in APAC. These industries need to deal with the complexity of optimization, simulation, and machine learning applications. The large-scale development of emerging markets in the APAC region and the increased use of advanced technology in the manufacturing industry are contributing to the development of SMEs in the region. This is driving the demand for APAC's quantum computing services and systems.
The European region has seen accelerating growth in the research and development of the quantum computing sector. Partnerships with other quantum computing providers and regional expansion are part of the strategy chosen by key players to drive sales growth. Germany is recognized as a primary market and high demand for quantum computing may continue in the coming years.
North America is the hub of the development of quantum computing technology with companies like Google, IBM, Microsoft, and other blue ocean companies which are investing massive funding and technology to the growth of the technology.
Players Covered in Quantum Computing Market are:
- International Business Machines (US)
- D-Wave Systems (Canada)
- Microsoft (US)
- Amazon (US)
- Rigetti Computing (US)
- Google (US) and other major players.
Key Industry Developments in Quantum Computing Market
- In April 2024, Quantinuum and Microsoft announced a vital breakthrough in quantum computing that Microsoft described as a major achievement for the entire quantum ecosystem. By combining Microsoft’s innovative qubit-virtualization system with the unique architectural features and fidelity of Quantinuum’s System Model H2 quantum computer.
- In January 2024, D-Wave Quantum Inc. a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, announced it has calibrated a 1,200+ qubit Advantage2 prototype, available via their Leap real-time quantum cloud service. Developed with a new lower-noise, multilayer superconducting integrated-circuit fabrication stack, the new Advantage2 prototype demonstrates significant performance gains on hard optimization problems.
Global Quantum Computing Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2022 |
Market Size in 2023: |
USD 195.62 Mn. |
Forecast Period 2024-32 CAGR: |
5.59% |
Market Size in 2032: |
USD 1054.91 Mn. |
Segments Covered: |
By Type |
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By Deployment |
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By Application |
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By End Use Industry |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Deployment
3.3 By Application
3.4 By End Use Industry
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Quantum Computing Market by Type
5.1 Quantum Computing Market Overview Snapshot and Growth Engine
5.2 Quantum Computing Market Overview
5.3 Systems
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Systems: Grographic Segmentation
5.4 Services
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Services: Grographic Segmentation
Chapter 6: Quantum Computing Market by Deployment
6.1 Quantum Computing Market Overview Snapshot and Growth Engine
6.2 Quantum Computing Market Overview
6.3 On-Premises
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 On-Premises: Grographic Segmentation
6.4 Cloud-Based
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Cloud-Based: Grographic Segmentation
Chapter 7: Quantum Computing Market by Application
7.1 Quantum Computing Market Overview Snapshot and Growth Engine
7.2 Quantum Computing Market Overview
7.3 Optimization
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Optimization: Grographic Segmentation
7.4 Simulation
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Simulation: Grographic Segmentation
7.5 Machine Learning
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2016-2028F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Machine Learning: Grographic Segmentation
7.6 Others
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size (2016-2028F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Others: Grographic Segmentation
Chapter 8: Quantum Computing Market by End Use Industry
8.1 Quantum Computing Market Overview Snapshot and Growth Engine
8.2 Quantum Computing Market Overview
8.3 Banking & Finance
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size (2016-2028F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 Banking & Finance: Grographic Segmentation
8.4 Space & Defense
8.4.1 Introduction and Market Overview
8.4.2 Historic and Forecasted Market Size (2016-2028F)
8.4.3 Key Market Trends, Growth Factors and Opportunities
8.4.4 Space & Defense: Grographic Segmentation
8.5 Healthcare & Pharmaceuticals
8.5.1 Introduction and Market Overview
8.5.2 Historic and Forecasted Market Size (2016-2028F)
8.5.3 Key Market Trends, Growth Factors and Opportunities
8.5.4 Healthcare & Pharmaceuticals: Grographic Segmentation
8.6 Transportation & Logistics
8.6.1 Introduction and Market Overview
8.6.2 Historic and Forecasted Market Size (2016-2028F)
8.6.3 Key Market Trends, Growth Factors and Opportunities
8.6.4 Transportation & Logistics: Grographic Segmentation
8.7 Others
8.7.1 Introduction and Market Overview
8.7.2 Historic and Forecasted Market Size (2016-2028F)
8.7.3 Key Market Trends, Growth Factors and Opportunities
8.7.4 Others: Grographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Positioning
9.1.2 Quantum Computing Sales and Market Share By Players
9.1.3 Industry BCG Matrix
9.1.4 Ansoff Matrix
9.1.5 Quantum Computing Industry Concentration Ratio (CR5 and HHI)
9.1.6 Top 5 Quantum Computing Players Market Share
9.1.7 Mergers and Acquisitions
9.1.8 Business Strategies By Top Players
9.2 INTERNATIONAL BUSINESS MACHINES
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Operating Business Segments
9.2.5 Product Portfolio
9.2.6 Business Performance
9.2.7 Key Strategic Moves and Recent Developments
9.2.8 SWOT Analysis
9.3 D-WAVE SYSTEMS
9.4 MICROSOFT
9.5 AMAZON
9.6 RIGETTI COMPUTING
9.7 GOOGLE
9.8 OTHER MAJOR PLAYERS
Chapter 10: Global Quantum Computing Market Analysis, Insights and Forecast, 2016-2028
10.1 Market Overview
10.2 Historic and Forecasted Market Size By Type
10.2.1 Systems
10.2.2 Services
10.3 Historic and Forecasted Market Size By Deployment
10.3.1 On-Premises
10.3.2 Cloud-Based
10.4 Historic and Forecasted Market Size By Application
10.4.1 Optimization
10.4.2 Simulation
10.4.3 Machine Learning
10.4.4 Others
10.5 Historic and Forecasted Market Size By End Use Industry
10.5.1 Banking & Finance
10.5.2 Space & Defense
10.5.3 Healthcare & Pharmaceuticals
10.5.4 Transportation & Logistics
10.5.5 Others
Chapter 11: North America Quantum Computing Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Systems
11.4.2 Services
11.5 Historic and Forecasted Market Size By Deployment
11.5.1 On-Premises
11.5.2 Cloud-Based
11.6 Historic and Forecasted Market Size By Application
11.6.1 Optimization
11.6.2 Simulation
11.6.3 Machine Learning
11.6.4 Others
11.7 Historic and Forecasted Market Size By End Use Industry
11.7.1 Banking & Finance
11.7.2 Space & Defense
11.7.3 Healthcare & Pharmaceuticals
11.7.4 Transportation & Logistics
11.7.5 Others
11.8 Historic and Forecast Market Size by Country
11.8.1 U.S.
11.8.2 Canada
11.8.3 Mexico
Chapter 12: Europe Quantum Computing Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Systems
12.4.2 Services
12.5 Historic and Forecasted Market Size By Deployment
12.5.1 On-Premises
12.5.2 Cloud-Based
12.6 Historic and Forecasted Market Size By Application
12.6.1 Optimization
12.6.2 Simulation
12.6.3 Machine Learning
12.6.4 Others
12.7 Historic and Forecasted Market Size By End Use Industry
12.7.1 Banking & Finance
12.7.2 Space & Defense
12.7.3 Healthcare & Pharmaceuticals
12.7.4 Transportation & Logistics
12.7.5 Others
12.8 Historic and Forecast Market Size by Country
12.8.1 Germany
12.8.2 U.K.
12.8.3 France
12.8.4 Italy
12.8.5 Russia
12.8.6 Spain
12.8.7 Rest of Europe
Chapter 13: Asia-Pacific Quantum Computing Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Systems
13.4.2 Services
13.5 Historic and Forecasted Market Size By Deployment
13.5.1 On-Premises
13.5.2 Cloud-Based
13.6 Historic and Forecasted Market Size By Application
13.6.1 Optimization
13.6.2 Simulation
13.6.3 Machine Learning
13.6.4 Others
13.7 Historic and Forecasted Market Size By End Use Industry
13.7.1 Banking & Finance
13.7.2 Space & Defense
13.7.3 Healthcare & Pharmaceuticals
13.7.4 Transportation & Logistics
13.7.5 Others
13.8 Historic and Forecast Market Size by Country
13.8.1 China
13.8.2 India
13.8.3 Japan
13.8.4 Singapore
13.8.5 Australia
13.8.6 New Zealand
13.8.7 Rest of APAC
Chapter 14: Middle East & Africa Quantum Computing Market Analysis, Insights and Forecast, 2016-2028
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Type
14.4.1 Systems
14.4.2 Services
14.5 Historic and Forecasted Market Size By Deployment
14.5.1 On-Premises
14.5.2 Cloud-Based
14.6 Historic and Forecasted Market Size By Application
14.6.1 Optimization
14.6.2 Simulation
14.6.3 Machine Learning
14.6.4 Others
14.7 Historic and Forecasted Market Size By End Use Industry
14.7.1 Banking & Finance
14.7.2 Space & Defense
14.7.3 Healthcare & Pharmaceuticals
14.7.4 Transportation & Logistics
14.7.5 Others
14.8 Historic and Forecast Market Size by Country
14.8.1 Turkey
14.8.2 Saudi Arabia
14.8.3 Iran
14.8.4 UAE
14.8.5 Africa
14.8.6 Rest of MEA
Chapter 15: South America Quantum Computing Market Analysis, Insights and Forecast, 2016-2028
15.1 Key Market Trends, Growth Factors and Opportunities
15.2 Impact of Covid-19
15.3 Key Players
15.4 Key Market Trends, Growth Factors and Opportunities
15.4 Historic and Forecasted Market Size By Type
15.4.1 Systems
15.4.2 Services
15.5 Historic and Forecasted Market Size By Deployment
15.5.1 On-Premises
15.5.2 Cloud-Based
15.6 Historic and Forecasted Market Size By Application
15.6.1 Optimization
15.6.2 Simulation
15.6.3 Machine Learning
15.6.4 Others
15.7 Historic and Forecasted Market Size By End Use Industry
15.7.1 Banking & Finance
15.7.2 Space & Defense
15.7.3 Healthcare & Pharmaceuticals
15.7.4 Transportation & Logistics
15.7.5 Others
15.8 Historic and Forecast Market Size by Country
15.8.1 Brazil
15.8.2 Argentina
15.8.3 Rest of SA
Chapter 16 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion
Global Quantum Computing Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2022 |
Market Size in 2023: |
USD 195.62 Mn. |
Forecast Period 2024-32 CAGR: |
5.59% |
Market Size in 2032: |
USD 1054.91 Mn. |
Segments Covered: |
By Type |
|
|
By Deployment |
|
||
By Application |
|
||
By End Use Industry |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. QUANTUM COMPUTING MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. QUANTUM COMPUTING MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. QUANTUM COMPUTING MARKET COMPETITIVE RIVALRY
TABLE 005. QUANTUM COMPUTING MARKET THREAT OF NEW ENTRANTS
TABLE 006. QUANTUM COMPUTING MARKET THREAT OF SUBSTITUTES
TABLE 007. QUANTUM COMPUTING MARKET BY TYPE
TABLE 008. SYSTEMS MARKET OVERVIEW (2016-2028)
TABLE 009. SERVICES MARKET OVERVIEW (2016-2028)
TABLE 010. QUANTUM COMPUTING MARKET BY DEPLOYMENT
TABLE 011. ON-PREMISES MARKET OVERVIEW (2016-2028)
TABLE 012. CLOUD-BASED MARKET OVERVIEW (2016-2028)
TABLE 013. QUANTUM COMPUTING MARKET BY APPLICATION
TABLE 014. OPTIMIZATION MARKET OVERVIEW (2016-2028)
TABLE 015. SIMULATION MARKET OVERVIEW (2016-2028)
TABLE 016. MACHINE LEARNING MARKET OVERVIEW (2016-2028)
TABLE 017. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 018. QUANTUM COMPUTING MARKET BY END USE INDUSTRY
TABLE 019. BANKING & FINANCE MARKET OVERVIEW (2016-2028)
TABLE 020. SPACE & DEFENSE MARKET OVERVIEW (2016-2028)
TABLE 021. HEALTHCARE & PHARMACEUTICALS MARKET OVERVIEW (2016-2028)
TABLE 022. TRANSPORTATION & LOGISTICS MARKET OVERVIEW (2016-2028)
TABLE 023. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 024. NORTH AMERICA QUANTUM COMPUTING MARKET, BY TYPE (2016-2028)
TABLE 025. NORTH AMERICA QUANTUM COMPUTING MARKET, BY DEPLOYMENT (2016-2028)
TABLE 026. NORTH AMERICA QUANTUM COMPUTING MARKET, BY APPLICATION (2016-2028)
TABLE 027. NORTH AMERICA QUANTUM COMPUTING MARKET, BY END USE INDUSTRY (2016-2028)
TABLE 028. N QUANTUM COMPUTING MARKET, BY COUNTRY (2016-2028)
TABLE 029. EUROPE QUANTUM COMPUTING MARKET, BY TYPE (2016-2028)
TABLE 030. EUROPE QUANTUM COMPUTING MARKET, BY DEPLOYMENT (2016-2028)
TABLE 031. EUROPE QUANTUM COMPUTING MARKET, BY APPLICATION (2016-2028)
TABLE 032. EUROPE QUANTUM COMPUTING MARKET, BY END USE INDUSTRY (2016-2028)
TABLE 033. QUANTUM COMPUTING MARKET, BY COUNTRY (2016-2028)
TABLE 034. ASIA PACIFIC QUANTUM COMPUTING MARKET, BY TYPE (2016-2028)
TABLE 035. ASIA PACIFIC QUANTUM COMPUTING MARKET, BY DEPLOYMENT (2016-2028)
TABLE 036. ASIA PACIFIC QUANTUM COMPUTING MARKET, BY APPLICATION (2016-2028)
TABLE 037. ASIA PACIFIC QUANTUM COMPUTING MARKET, BY END USE INDUSTRY (2016-2028)
TABLE 038. QUANTUM COMPUTING MARKET, BY COUNTRY (2016-2028)
TABLE 039. MIDDLE EAST & AFRICA QUANTUM COMPUTING MARKET, BY TYPE (2016-2028)
TABLE 040. MIDDLE EAST & AFRICA QUANTUM COMPUTING MARKET, BY DEPLOYMENT (2016-2028)
TABLE 041. MIDDLE EAST & AFRICA QUANTUM COMPUTING MARKET, BY APPLICATION (2016-2028)
TABLE 042. MIDDLE EAST & AFRICA QUANTUM COMPUTING MARKET, BY END USE INDUSTRY (2016-2028)
TABLE 043. QUANTUM COMPUTING MARKET, BY COUNTRY (2016-2028)
TABLE 044. SOUTH AMERICA QUANTUM COMPUTING MARKET, BY TYPE (2016-2028)
TABLE 045. SOUTH AMERICA QUANTUM COMPUTING MARKET, BY DEPLOYMENT (2016-2028)
TABLE 046. SOUTH AMERICA QUANTUM COMPUTING MARKET, BY APPLICATION (2016-2028)
TABLE 047. SOUTH AMERICA QUANTUM COMPUTING MARKET, BY END USE INDUSTRY (2016-2028)
TABLE 048. QUANTUM COMPUTING MARKET, BY COUNTRY (2016-2028)
TABLE 049. INTERNATIONAL BUSINESS MACHINES: SNAPSHOT
TABLE 050. INTERNATIONAL BUSINESS MACHINES: BUSINESS PERFORMANCE
TABLE 051. INTERNATIONAL BUSINESS MACHINES: PRODUCT PORTFOLIO
TABLE 052. INTERNATIONAL BUSINESS MACHINES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. D-WAVE SYSTEMS: SNAPSHOT
TABLE 053. D-WAVE SYSTEMS: BUSINESS PERFORMANCE
TABLE 054. D-WAVE SYSTEMS: PRODUCT PORTFOLIO
TABLE 055. D-WAVE SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. MICROSOFT: SNAPSHOT
TABLE 056. MICROSOFT: BUSINESS PERFORMANCE
TABLE 057. MICROSOFT: PRODUCT PORTFOLIO
TABLE 058. MICROSOFT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. AMAZON: SNAPSHOT
TABLE 059. AMAZON: BUSINESS PERFORMANCE
TABLE 060. AMAZON: PRODUCT PORTFOLIO
TABLE 061. AMAZON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. RIGETTI COMPUTING: SNAPSHOT
TABLE 062. RIGETTI COMPUTING: BUSINESS PERFORMANCE
TABLE 063. RIGETTI COMPUTING: PRODUCT PORTFOLIO
TABLE 064. RIGETTI COMPUTING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. GOOGLE: SNAPSHOT
TABLE 065. GOOGLE: BUSINESS PERFORMANCE
TABLE 066. GOOGLE: PRODUCT PORTFOLIO
TABLE 067. GOOGLE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 068. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 069. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 070. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. QUANTUM COMPUTING MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. QUANTUM COMPUTING MARKET OVERVIEW BY TYPE
FIGURE 012. SYSTEMS MARKET OVERVIEW (2016-2028)
FIGURE 013. SERVICES MARKET OVERVIEW (2016-2028)
FIGURE 014. QUANTUM COMPUTING MARKET OVERVIEW BY DEPLOYMENT
FIGURE 015. ON-PREMISES MARKET OVERVIEW (2016-2028)
FIGURE 016. CLOUD-BASED MARKET OVERVIEW (2016-2028)
FIGURE 017. QUANTUM COMPUTING MARKET OVERVIEW BY APPLICATION
FIGURE 018. OPTIMIZATION MARKET OVERVIEW (2016-2028)
FIGURE 019. SIMULATION MARKET OVERVIEW (2016-2028)
FIGURE 020. MACHINE LEARNING MARKET OVERVIEW (2016-2028)
FIGURE 021. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 022. QUANTUM COMPUTING MARKET OVERVIEW BY END USE INDUSTRY
FIGURE 023. BANKING & FINANCE MARKET OVERVIEW (2016-2028)
FIGURE 024. SPACE & DEFENSE MARKET OVERVIEW (2016-2028)
FIGURE 025. HEALTHCARE & PHARMACEUTICALS MARKET OVERVIEW (2016-2028)
FIGURE 026. TRANSPORTATION & LOGISTICS MARKET OVERVIEW (2016-2028)
FIGURE 027. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 028. NORTH AMERICA QUANTUM COMPUTING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. EUROPE QUANTUM COMPUTING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. ASIA PACIFIC QUANTUM COMPUTING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. MIDDLE EAST & AFRICA QUANTUM COMPUTING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. SOUTH AMERICA QUANTUM COMPUTING MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Quantum Computing Market research report is 2024-2032.
Microsoft, IBM, Google, Amazon, D-Wave Systems, Rigetti Computing, and Other Major Players.
The Quantum Computing Market is segmented into Type, Deployment, Application, End Use Industry, and Region. By Type, the market is categorized into Systems, and Services. By Deployment, the market is categorized into On-Premises, and Cloud-Based. By Application, the market is categorized into Optimization, Simulation, Machine Learning, and Others. By End Use Industry, the market is categorized into Banking & Finance, Space & Defense, Healthcare & Pharmaceuticals, Transportation & Logistics, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Quantum computing is a research field focused on the development of computational technology that focuses on the principles of quantum theory. Quantum theory describes the properties and behavior of energy and matter at the quantum level (atoms and subatomic). Quantum computing uses a combination of bits to perform a specific computing task. And all of this is much more efficient than its traditional counterparts.
Quantum Computing Market Size Was Valued at USD 195.62 Million in 2023 and is Projected to Reach USD 1054.91 Million by 2032, Growing at a CAGR of 5.59% From 2024-2032.