Global Enterprise Quantum Computing Market, By Component (Hardware, Software, Services), Technology (Quantum Annealing (Adiabatic), Superconducting, Trapped Ion, Quantum Dot, Others), Deployment Model (0n-Premises, Cloud), Application (Machine Learning/Deep learning/AI, Optimization, Simulation and Data Modeling, Cyber Security Others), End User (Healthcare and Life Sciences, IT and Telecom, Manufacturing, BFSI, Energy and Utilities, Aerospace and Defense, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Enterprise Quantum Computing Market
The enterprise quantum computing market size is valued at USD 14,304.78 million by 2028 and is expected to grow at a compound annual growth rate of 34.70% in the forecast period of 2021 to 2028. Data Bridge Market Research report on enterprise quantum computing provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Quantum computers are based on the standard of superposition that allows them to attain high computational power essential for advanced applications such as drug discovery, cryptography and machine learning.
The rapid surge in number of strategic partnerships and collaborations to carry out advancements in quantum computing technology have been directly influencing the growth of enterprise quantum computing market over the forecast period of 2021 to 2028. Also the growing awareness about quantum computing among defense and automotive, BFSI, increasing rate of cyber crimes and severity of government initiatives in developing quantum computing technology are also flourishing the growth of the enterprise quantum computing market. Also the increase in investments in quantum computing technology is also positively impacting the growth of the market. Furthermore, the high adoption of quantum computing in banking and finance industry is also acting as an active growth driver towards the growth of the enterprise quantum computing market. Moreover, the rapid surge in investment by government entities is creating a huge demand for enterprise quantum computing as well as lifting the growth of the enterprise quantum computing market.
However, the lack of skilled employees as well as the various complexities in implementation and constancy and error correction issues are acting as the major restrictions for the growth of enterprise quantum computing in the above mentioned forecasted period, whereas the lack of highly skilled professionals and physical challenges related to use of quantum computers can challenge the enterprise quantum computing market growth in the forecast period of 2021 to 2028.
Likewise, the rapid technological advancements in quantum computing along with rapid surge in adoption of quantum computing technology for drug discovery and rapid developments in artificial intelligence and big data analytics will further cater ample new opportunities that will lead to the growth of the enterprise quantum computing market in the above mentioned forecasted period.
This enterprise quantum computing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the enterprise quantum computing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Enterprise Quantum Computing Market Scope and Market Size
The enterprise quantum computing market is segmented on the basis of component, technology, deployment model, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The component segment of the enterprise quantum computing market is segmented into hardware, software and services. Hardware has further been segmented into quantum processing units (QPU), dilution refrigerator and I/O subsystem.
- On the basis of technology, the enterprise quantum computing market is segmented into quantum annealing (adiabatic), superconducting, trapped ion, quantum dot and others.
- On the basis of deployment model, the enterprise quantum computing market is segmented into on-premises and cloud.
- Enterprise quantum computing market is segmented on the basis of application into machine learning/deep learning/AI, optimization, simulation and data modeling, cyber security and others.
- On the basis of end user, the enterprise quantum computing market is segmented into healthcare and life sciences, IT and telecom, manufacturing, BFSI, energy and utilities, aerospace and defense and others.
Enterprise Quantum Computing Market Country Level Analysis
The enterprise quantum computing market is analyzed and market size, volume information is provided by country, component, technology, deployment model, application and end user as referenced above.
The countries covered in the enterprise quantum computing market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the enterprise quantum computing market due to the rapidly increasing investments by companies as well as governments in the region, particularly in the US in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the high development of quantum computing technology in the emerging countries such as China and South Korea within this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Enterprise Quantum Computing Market Share Analysis
The enterprise quantum computing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to enterprise quantum computing market.
The major players covered in the enterprise quantum computing market report are Intel Corporation, D-Wave Systems Inc., CAMBRIDGE QUANTUM COMPUTING LTD., IBM, QCWare, Rigetti & Co, Inc., Google, Quantum Circuits, Inc., Microsoft, Cisco Systems, Inc., Atos SE, D-Wave Systems Inc., Huawei Technologies Co., Ltd., Robert Bosch GmbH, ID Quantique, Toshiba Europe Limited, Honeywell International Inc., Accenture, FUJITSU and Hitachi, Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.