Europe Quantum Computing Market is Expected to Grow with the CAGR of 29.1% in the Forecast Period of 2020 to 2027

Europe Quantum Computing Market is forecasted to grow with significant CAGR owing to factor such as increased governments’ investments in quantum computing technology.

Growing adoption of quantum computing technology is acting as major driver for growth of quantum computing market. Unstable output from systems is acting as major restraint to the market.

Quantum computing market has shown an exceptional penetration in countries such as Germany, France and U.K. Growing adoption of quantum computing in automobile sector is increasing its penetration in developed countries. In developing countries, use of quantum computing for drug discovery and to facilitate transactions is creating huge opportunity for the Europe quantum computing market.

Quantum computing Market Scenario

According to Data Bridge Market Research, the market for quantum computing in Germany region has the highest market share followed by France, and U.K. Market leader is Accenture which accounts an estimated market share of approximately 15% to 30% in the Europe region. The company has gained outstanding sales through their businesses of Communications, Media and Technology, Financial Services, Health and Public Service, Products; Resources and Others. The market is witnessing continuous product innovation and expanding their business in the market.

Europe Quantum Computing Market

For instance,

  • In December 2018, Accenture has been granted the U.S. patent for multi-state quantum optimization engine that has been used for helping the organizations for optimizing the business decision making with great efficiency and efficacy. This would help the company for distributing the solutions to more businesses which would help them in getting strong hold in the market.

Trends Impacting the Market

Now the question is which other regions Accenture, Alphabet Inc. and IBM Corporation are targeting? Data Bridge Market Research has forecasted a large growth in Germany quantum computing market and the market leaders targeting France and U.K. to be their next revenue pockets for 2020.

The quantum computing market is becoming more competitive every year with companies such as Accenture, Alphabet Inc. and IBM Corporation as they are the market leaders for quantum computing. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the Europe quantum computing market.

For more analysis on the quantum computing market request for a briefing with our analysts

Quantum Computing Market Development

  • In January 2019, Honeywell International Inc. has launched a quantum computer which has high fidelity, has trapped ion qubits and it has been considered as a powerful quantum computer in the market. This would be beneficial for the company in getting more customers and making a strong position in the market.

Scope of the Quantum Computing Market

Europe quantum computing market is segmented on the basis of countries into the Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey and Rest of Europe.

All country based analysis of quantum computing market is further analyzed based on further segmentation. On the basis of systems, the market is segmented into single qubit quantum system and multi-qubit systems. On the basis of qubits, the market is segmented into super conducting qubits, trapped ion qubits and semiconductor qubits. On the basis of deployment model, the market is segmented into cloud and on premise. On the basis of component, the market is segmented into hardware, software and services. On the basis of application, the market is segmented into cryptography, machine learning, algorithms, quantum simulation, quantum parallelism and others. On the basis of logic gates, the market is segmented into pauli gate, toffli gate, hadamard gate and others. On the basis of vertical, the market is segmented into healthcare & pharmaceuticals, automotive, defense, chemicals, banking & finance, utility and others.

Key Pointers Covered in Quantum Computing Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • IBM Corporation
  • D-Wave Systems Inc.
  • Xanadu
  • Honeywell International Inc
  • NEC Corporation
  • Microsoft
  • Accenture
  • Intel Corporation
  • 1QB Information Technologies Inc.
  • ID Quantique
  • Toshiba Research Europe Ltd
  • QxBranch, Inc.
  • Alphabet Inc.
  • Anyon Systems Inc.

Above are the key players covered in the report, to know about more and exhaustive list of quantum computing companies’, contact us

Research Methodology: Europe Quantum Computing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Industrial Experts, Product Engineers and Network Operators among others
  • Supply Side: Original Equipment Manufacturers, Distributors, Software Developers and Service providers among others

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