Accenture, Alphabet Inc. and IBM Corporation are Dominating the Europe Quantum Computing Market in 2019

Europe Quantum Computing Market is expected to grow with the CAGR of 29.1% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below:

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Europe quantum computing market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Europe quantum computing market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance,

  • 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

Accenture is the dominating player in Europe quantum computing market. The other key players existing in the market includes IBM Corporation, D-Wave Systems Inc., CAMBRIDGE QUANTUM COMPUTING LTD., Xanadu, Honeywell International Inc., NEC Corporation, Microsoft, Intel Corporation, FUJITSU, 1QB Information Technologies Inc., ID Quantique, Toshiba Research Europe Ltd, QxBranch, Inc., Alphabet Inc. and Anyon Systems Inc., among others.

Europe Quantum Computing Market

Accenture

Accenture is headquartered in Dublin, Ireland which was established in year 1989. The company is engaged in providing strategy, consulting, digital, technology and operation services in management consulting and professional services. The company offers various industries categories such as strategy, operation, consulting, digital, and technology while technology is focused category. They operate their business through communications, media and technology; financial services; health and public service, products, resources and others while communications and media and technology is the focused category.

  • 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. The company has presence in North America, South America, Europe, Middle East and Africa and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Avanade (U.S.), IMJ Corporation (Japan), Kurt Salmon (U.S.), Karmarama (U.K.), Mackevision (U.K.) among others.

Alphabet Inc.

Alphabet Inc. is headquartered in California, U.S. which was established in 2015. The company is engaged in conducting research that advances the state-of-the-art in the field of AI. The company offers wide range of product categories such as research, education and tools among which research is focused category. They operate their business through Google and bets while Google is focused category.

  • In July 2018, Alphabet Inc. make programming quantum computers easier, they have developed open-source software which will help the developers to experiment with the machines, including Google’s quantum processor.

The company has wide global presence across the globe such as North America, South America, Europe, Middle East and Africa, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Google (U.S.), Verily Life Sciences LLC (U.S.), Calico LLC (U.S.), and Waymo LLC (U.S.) among others.

IBM Corporation

IBM Corporation is headquartered in New York, U.S. which was founded in 1911. The company is focuses on creating innovation that matters for the world, building trust in all relations, and dedication to every client. The company has product categories which are watson, cloud, services, security, research and IT infrastructure in which research is market focused category. They operate their business through cognitive solutions, global business services, technology services & cloud platforms, systems, global financing and other among which technology services & cloud platforms is the focused category.

  • In April 2019, IBM Corporation expanded quantum computing research by collaborating with universities such as Florida State University, Stony Brook University. The University of Notre Dame, Virginia Tech and the University of Tokyo will start working to IBM quantum computing systems for teaching and student research projects. Focus of this is to empower, educate and develop students in quantum ready field.

The company has global presence in Europe, North America, Latin America, Africa and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as IBM India (India), IBM Research (U.S.), Algorithmics Inc. (Canada), IBM Canada Limited (Canada), IBM Israel (Israel) among others.