Quantum Computing Market to grow at a CAGR of 29.5% due to increase in adoption of quantum computing in drug discovery

Quantum Computing Market is forecasted to grow at 29.5% for 2019 to 2026 with factors such as dearth of skilled & trained professionals and availability of alternative technologies hampering the market growth.

Quantum computing market has shown a significant adoption rate and preferences from the North America region with countries such as U.S. and Canada. Increasing government investment to enhance the research on quantum computing system and increasing manufacturing of quantum manufacturing is expected to further the adoption and demand rate for cyanate ester resins.

Quantum Computing Market Scenario

According to Data Bridge Market Research the quantum computing market in developing regions is witnessing a growth in terms of its adoption rate, due to increasing cases of cybercrimes and growing demand for quantum computing from defense & automotive industry. Government is also taking many initiatives to enhance the adoption of quantum computing which is also expected to drive the market. They also have the ability to solve complicated problems which will also accelerate its demand in the market.

Now the question is which are the regions that quantum computing market players should target? Data Bridge Market Research has forecasted market leaders to target North America developing regions to help them in attaining better volume of revenue generation.

Quantum computing market is becoming more competitive every year with single-qubit quantum system currently being the largest market system for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the quantum computing market.

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Quantum Computing Market Developments

Rigetti announced the acquisition of QxBranch in July 2019. This acquisition will help the company to provide better quantum computing technology to their customer so they can easily solve their difficulties. This will also strengthen their market position and enhance their global reach.

IBM Corporation announced the launch of their IBM Q System One in January 2019 which is the first incorporated approximate standardized quantum computing device which is specially designed for scientific and industrial use. IBM Q System One has a complex, flexible and lightweight architecture that is designed for flexibility, performance and business continuity.

Scope of the Quantum Computing Market

Quantum computing market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa

All country based analysis of the quantum computing market is further analyzed based on maximum granularity into further segmentation. On the basis of quantum computing market is segmented based on system into two notable segments; single-qubit quantum system and multiple-qubit systems. The global quantum computing market is segmented based on qubits into three notable segments; super conducting qubits, trapped ion qubits and semiconductor qubits. On the basis of deployment model, the quantum computing market is segmented into on- premise and cloud. The component segment of the quantum computing market is segmented into hardware, software and services. On the basis of application, the quantum computing market is divided into cryptography, simulation, parallelism, machine learning, algorithms and others. The logic gates segment is divided into toffoli gate, hadamard gate, pauli logic gates and others. The market is also segmented into vertical segment as banking and finance, healthcare & pharmaceuticals, defence, automotive, chemical, utilities, others.

Quantum computing is a technology which is centered on the design of computer technology based on quantum theory concepts. For quantum computing, which incorporates the principles of quantum physics, the quantum computer has been used. They are very different as compared to the traditional computing. They are widely used in industries such as healthcare & pharmaceutical, chemicals, utilities, automotive, banking & finance, and other. Quantum computing was primarily used in research to compare the many solutions and to find the best solution to a complex problem.

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Key Pointers Covered in the Quantum Computing Market Industry Trends and Forecast to 2026

  • Quantum Computing Market Size
  • Quantum Computing Market New Sales Volumes
  • Quantum Computing y Market Replacement Sales Volumes
  • Quantum Computing Installed Base
  • Quantum Computing Market By Brands
  • Quantum Computing Market Procedure Volumes
  • Quantum Computing Market Product Price Analysis
  • Quantum Computing Market Shares in Different Regions
  • Quantum Computing Recent Developments for Market Competitors
  • Quantum Computing Market Upcoming Applications
  • Quantum Computing Market Innovators Study

Key Market Competitors Covered in the report

  • Alphabet Inc.
  • Microsoft
  • IBM Corporation
  • Accenture
  • Intel Corporation
  • Atom Computing
  • AnyonSystems Inc.
  • CAMBRIDGE QUANTUM COMPUTING LTD.
  • D-Wave Systems Inc.
  • FUJITSU
  • Honeywell International Inc.
  • 1QB Information Technologies Inc.
  • ID Quantique
  • IonQ, Inc.
  • MagiQTechnologies
  • NEC Corporation
  • QC Ware Corp.
  • QuintessenceLabs
  • QxBranch, Inc.

Above are the key players covered in the report to know about more and exhaustive list of quantum computing companies, contact us https://www.databridgemarketresearch.com/reports/global-quantum-computing-market

Research Methodology: Global 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.

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