Global quantum computing market is expected to grow at a healthy CAGR of 29.5% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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The quantum computing market is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to quantum cybersecurity better than traditional cybersecurity solutions, strategic partnerships, patents registrations & acquisitions. Growing adoption of quantum computer in automotive sector, increase in adoption of quantum computing in drug discovery and use of quantum cryptography for transactions is possessing a great demand is also posing as opportunities for the market.
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, In December, 2018 Microsoft has announced the partnerships with the major start-ups which are into the development of the quantum computing solutions. The start-up companies include 1QBit, Bohr Technology, Cambridge Quantum Computing, Entropica Labs, GTN, OTI Lumionics, ProteinQure, QC Ware, Qulab, QxBranch, Riverlane Research, Solid State AI, Strangeworks, and Zapata Computing. This would benefit the companies in getting the access to the deeper access to Microsoft’s advanced quantum software, tools, and libraries such as the Quantum Development Kit (QDK).
GOOGLE (ALPHABET INC.) dominated the global quantum computing market. The other key players existing in the market includes Microsoft and IBM Corporation. The other key players existing in the market includes Honeywell International, Inc., Accenture, Fujitsu, Rigetti & Co, Inc., 1QB Information Technologies, Inc., IonQ, Atom Computing, ID Quantique, QuintessenceLabs, Toshiba Research Europe Ltd, Xanadu, Magiq Technologies, Inc., QX branch, NEC Corporation, Anyon System, Inc. Cambridge Quantum Computing Limited, QC Ware Corp, Intel Corporation and others.
GOOGLE (ALPHABET INC.)
GOOGLE (ALPHABET INC.) headquartered in California, U.S. was founded in 2015. The company focuses on conducting research that advances the state-of-the-art in the field of AI. The company has two operating divisions namely, Google and Bets. The Google business division includes products such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware (including Nest), Search, and YouTube. The bets business division includes the businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X.
The company’s growth owes to the increase in mobile search resulting from ongoing growth in user adoption and usage, as well as continued growth in advertiser activity. The company has also experienced growth in YouTube, driven primarily by video advertising, as well as growth in desktop search due to improvements in ad formats and delivery.
It has its global networks through direct sales representatives and distributors in the U.S., EMEA, Asia-Pacific, Americas. It operates through its subsidiaries such as Google (U.S.), Verily Life Sciences LLC (U.S.), Calico LLC (U.S.), Waymo LLC (U.S.) and many others.
Microsoft headquartered in Washington, U.S. was founded in 1975. The company focuses on developing, providing licenses and support software, services, devices and solutions. The company operates through three business segments which include, More Personal Computing, Productivity and Business Processes, Intelligent Cloud.
The More Personal Computing segment consists of products and services geared towards harmonizing the interests of end users, developers, and IT professionals across all devices. This segment includes the products like Windows, including Windows OEM licensing (“Windows OEM”) and other non-volume licensing of the windows operating system; windows commercial, comprising volume licensing of the windows operating system, windows cloud services, and other windows commercial offerings; patent licensing; Windows IoT; and MSN advertising, devices, including surface, PC accessories, and other intelligent devices and others.
The intelligent cloud segment consists of public, private, and hybrid server products and cloud services that can power modern business. It consists of the products like server products and cloud services, including Microsoft SQL server, windows server, visual studio, system center, and related CALs, and azure and others.
The productivity and business processes segment consists of products and services for productivity, communication, and information services, spanning a variety of devices and platforms. This segment includes the products like office commercial, including office 365 subscriptions and office licensed on-premises, comprising office, exchange, SharePoint, and skype for business, and Microsoft teams, and related client access licenses, LinkedIn, including talent solutions, marketing solutions, and premium subscriptions and other products. It has also increased due to growth in subscribers and average revenue per user, offset in part by lower revenue from products licensed on-premises, reflecting a continued shift to Office 365 commercial.
It has its global networks through direct sales representatives and distributors in the North America, Europe, Asia-Pacific, Middle East and Africa, Latin America. It operates through its subsidiaries such as Yapper (U.S.), Skype Communications S.a r.l (U.S.), GitHub Inc. (U.S.), Mojang (Sweden) and many others.
IBM Corporation is headquartered in New York, U.S., founded in 1911. The company focuses on creating innovation that matters for the world, building trust in all relations, and dedication to every client. IBM operates through six major strategic business units which include Cognitive Solutions, Global Business Services, Technology Services & Cloud Platforms, Systems, Global Financing and others.
Cognitive solutions business segment comprises of software capabilities that help IBM’s clients to identify actionable new insights and inform decision-making for competitive advantage. It includes Watson, Watson OpenScale technology and others.
Global business services include clients with consulting, application management and business process services. It provides the consulting services focused on bringing to market solutions that help clients shape their digital blueprints and customer experiences, define their cognitive operating models, unlock the potential in all data in improving decision-making, set their next-generation talent strategies and create new technology architectures in a cloud-centric world.
Global financing business segment has two divisions named as IBM Credit LLC (IBM Credit), and remanufacturing and remarketing. IBM Credit, through its financing solutions, facilitates IBM clients’ acquisition of information technology systems, software and services in the areas where the company has expertise.
Systems business segment is engaged in providing the innovative infrastructure platforms to help meet the new requirements of hybrid cloud and enterprise AI workloads. It has two divisions named as Systems hardware and Systems Software. Systems hardware includes IBM’s servers: IBM Z, Power Systems and Storage Systems.
Technology services & cloud platforms business segment is engaged in providing the IT infrastructure and platform services that create business value for clients. It delivers a portfolio of project services, managed and outsourcing services, and cloud-delivered services focused on clients’ enterprise IT infrastructure environments to enable digital transformation and deliver improved quality, flexibility and economic value, and the portfolio consists of the set of hybrid cloud services and solutions to assist enterprise clients in building and running contemporary IT environments.
The company has wide geographic presence in Europe, Americas, Asia-Pacific, Middle East and Africa. It operates through its subsidiaries such as IBM India (India), IBM Research (U.S.), Algorithmics Inc. (Canada), IBM Canada Limited (Canada), IBM Israel (Israel) among others.
Global Enterprise Quantum Computing Market – Industry Trends and Forecast to 2028
Global Quantum Computing Market – Industry Trends and Forecast to 2026
Asia Pacific Quantum Computing Market – Industry Trends and Forecast to 2026
Europe Quantum Computing Market – Industry Trends and Forecast to 2027
Middle East and Africa Quantum Computing Market – Industry Trends and Forecast to 2026
North America Quantum Computing Market – Industry Trends and Forecast to 2026
Accenture, Alphabet Inc. and IBM Corporation are Dominating the Europe Quantum Computing Market in 2019