The "Global Quantum Computing Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Component, By Application, End-user, Region" report has been added to ResearchAndMarkets.com's offering.
Global Quantum Computing Market was valued at ~US$ 200 million in 2017. It is estimated to be ~US$ 500 million by 2022 and is expected to reach a market size of ~US$ 2000 million by 2028 growing at a CAGR of ~25% during the forecast period (2022-2028). The demand for high-performance computing is driving the growth of the quantum computing market.
The quantum computing sector will grow as a result of governments investing more money in the field. The development of quantum computing technology has the potential to alter the dynamics of the strategic balance of trade, power, and military affairs. To build and expand quantum computing systems, several countries aim to increase exploratory research on innovative technologies. Rising government spending on such solutions for a variety of applications is predicted to support the growth of the global quantum computing market.
The quantum computing sector faces several underlying intellectual hurdles despite rich development potential. One of the main factors limiting the market's expansion is the complexity of quantum computing solutions. The market's expansion is further hampered by compatibility problems and quantum entanglement during network communication.
Global digitalization has rapidly advanced since the start of the COVID-19 epidemic. The pandemic-induced changes to the world economy are proving difficult to adjust to, and businesses are working to maintain their digital transformation momentum while adjusting to the new norm of installing remote workstations. Quantum computing is still a key component of strong research capabilities in such circumstances.
Competitive Landscape
The global quantum computing market is highly competitive with ~200 players which include globally diversified players, regional players, and country-niche players with their niche in the quantum computing market.
Regional players constitute ~45% of the competitors, while the County-niche players are the second largest by type. Some of the major players in the market include Intel Corporation, Atos SE, IBM Corporation, Quantum Circuits, Inc., Microsoft Corporation, Google, Accenture, Toshiba Corporation, Hitachi Ltd, Huawei, and among others.
Conclusion
The global quantum computing market is forecasted to continue the growth that is witnessed since 2017. Quantum computing provides benefits, real-world consequences, and concerns for the automotive sector. Its applications in the automobile industry are many and are likely to address some of the major issues the sector is currently facing. This disruptive technology is related to supercomputing and high-performance computing operations.
Key Topics Covered in the Report
- Snapshot of the Global Quantum Computing Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Quantum Computing Market
- Historic Growth of the Overall Global Quantum Computing Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter's 5 Forces Analysis of the Global Quantum Computing Industry
- Overview, Type Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Quantum Computing Market
- Future Market Forecast and Growth Rates of the Total Global Quantum Computing Market and by Segments
- Market Size of End-user Segments with Historical CAGR and Future Forecasts
- Analysis of Global Quantum Computing in Major Regions
- Major Type/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region
Major Players Mentioned in the report
- Intel Corporation
- Atos SE
- IBM Corporation
- Quantum Circuits, Inc
- Microsoft Corporation
- Accenture
- Toshiba Corporation
- Hitachi Ltd
- Huawei
- Zapata Computing, Inc
- Strangeworks, Inc
- Magiq Technologies Inc
- Qxbranch, LLC
- Honeywell Inc
Scope of the Report
By Component
- Hardware
- Software
- Services
By Application
- Optimization
- Machine Learning
- Simulation
- Others
By End-user
- Aerospace & Defense
- BFSI
- Energy & Power
- Healthcare
- Information Technology & Telecommunication
- Transportation
- Others
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
- LAMEA (Latin America, Middle East, Africa)
For more information about this report visit https://www.researchandmarkets.com/r/6z3cmw
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