The Quantum Computing Market size is projected to reach USD XX Million by 2026, from USD XX Million in 2020 growing at a CAGR of 30.5% during 2021-2026. The research covers the current and historic Quantum Computing Market size and its growth trend with company outline of Key players/manufacturers: D-Wave Systems Inc., QX Branch, International Business Machines Corporation, Cambridge Quantum Computing Limited, 1QB Information Technologies, QC Ware, Corp., StationQ- Microsoft, Rigetti Computing, Google Inc., River Lane Research among others.
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This global Quantum Computing market report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the industry with analysis on vendors, geographical regions, types, and applications. This Quantum Computing market study estimates the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This report proves to be an indispensable document for every market enthusiast, policymaker, investor, and player. This global Quantum Computing market research report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.
With the effectual use of technology, innovative applications and expertise, this Quantum Computing market research report has been generated which successfully manages bulky and complex market data tables. To give clear idea about the current and future marketplace, most up to date market insights and analysis has been offered via this report. Several critical market factors covered in this Quantum Computing Market report consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. Market research report execution is becoming very central for the businesses to gain success because it offers insights into revenue growth and sustainability initiative.
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APAC is projected to hold a major share in the Quantum computing market in coming years
APAC region is a leading hub for several industries, including healthcare and pharmaceuticals, banking and finance, and chemicals. Countries such as China, Japan, and South Korea are the leading manufacturers of consumer electronics, including smartphones, laptops, and gaming consoles, in APAC. There is a requirement to resolve complications in optimization, simulation, and machine learning applications across these industries. The large-scale development witnessed by emerging economies of APAC and the increased use of advanced technologies in the manufacturing sector are contributing to the development of large and medium enterprises in the region. This, in turn, is fueling the demand for quantum computing services and systems in APAC.
Drivers: Early adoption of quantum computing in banking and finance industry
Quantum computing is gaining traction in the banking and finance services industry, which is focusing on increasing the speed of trade activities, transactions, and data processing manifolds. One of the significant potential applications of quantum computing is the simulation. Quantum computing helps in the identification of an improved and efficient way to manage financial risks. The processing time and the costs of high-quality solutions can increase exponentially if classical computers are used in financial institutions, while quantum computers can carry out speedy operations at optimized costs, resulting in cost savings and new opportunities for revenue generation
Rise in investments in quantum computing technology
Various government agencies related to the global space and defense sector are investing increasingly in the development of quantum computing technology so that different optimization and simulation strategies can be implemented with quantum computers. Governments of various countries across the world are making significant investments to support their research institutes for the development of quantum computing technology. China is investing significantly in research and development activities related to quantum computing technology. Governments of the US and Australia, as well as of the countries of the European Union, are forging ahead with quantum computing initiatives. For instance, in August 2017, the Commonwealth Bank (CBA) joined telco firm Telstra, the Federal Government, the New South Wales Government, and the University of New South Wales (UNSW) in a USD 83 million venture to establish the first quantum computing company of Australia.
In January 2020, IBM partnered with Daimler AG, the parent company of Mercedes-Benz, to enhance the capacity and increase the charging speed of batteries of electric vehicles. These companies used a quantum computer to model the dipole moment of three lithium-containing molecules that paves the way for the development of the next-generation lithium sulfur (Li-S) batteries that will be more powerful, long-lasting, and cost-effective than lithium-ion batteries.
In November 2019, IBM partnered with the Unitary Fund to provide grants and priority access to certain IBM Q systems. Similar to the quantum computing mission of IBM, the Unitary Fund aims to create a quantum technology industry that benefits most of the people.
Major Classifications are as follows:
Quantum Computing Market: By Deployment Mode
Quantum Computing Market: By Components
Hardware, Software, Services
Quantum Computing Market: By End-User
BFSI, Healthcare, Pharmaceuticals, Defense, Automotive, Chemical, Others
Quantum Computing Market: By Application
Optimization, Machine Learning, Material Simulation
Quantum Computing Market: By Geography
Germany, France, United Kingdom, Italy, Rest of Europe
Japan, China, South Korea, India, Australia, Rest of Asia Pacific
Brazil, Argentina, Rest of South America
Rest of the World
Middle East, Africa
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Quantum Computing Market : Report Chapters
Chapter 01 – Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Market Trends
Chapter 04 – Key Success Factors
Chapter 05 – Global Quantum Computing Market – Pricing Analysis
Chapter 06 – Global Quantum Computing Market Demand (in Value or Size in US$ Mn) Analysis and Forecast, 2021–2026
Chapter 07 – Market Background
Chapter 08 – Global Quantum Computing Market Analysis () & Opportunity Assessment , By Product Type
Chapter 09 – Global Quantum Computing Market Analysis & Opportunity Assessment , by Distribution Channel
Chapter 10 – Global Quantum Computing Market Analysis & Opportunity Assessment , by Region
Chapter 11 – North America Quantum Computing market Analysis & Opportunity Assessment
Chapter 12 – Latin America Quantum Computing Market Analysis & Opportunity Assessment
Chapter 13 –Europe Quantum Computing market Analysis & Opportunity Assessment
Chapter 14 – East Asia Quantum Computing market Analysis and Forecast
Chapter 15 – South Asia Quantum Computing market Analysis and Forecast
Chapter 16 – Oceania Quantum Computing market Analysis and Forecast
Chapter 17 – MEA Quantum Computing market Analysis & Opportunity Assessment
Chapter 18 – Market Structure Analysis
Chapter 19 – Competition Analysis
Chapter 20 – Assumptions and Acronyms Used
Chapter 21 – Research Methodology
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