Global Quantum Computing Market, By System (Single Qubit Quantum System, Multiple Qubit System), Qubits (Trapped Ion Qubits, Semiconductor Qubits and Super Conducting), Offering (Systems, Services), Deployment Model (On-Premises, Cloud), Component (Hardware, Software and Services), Application (Cryptography, Simulation, Parallelism, Machine Learning, Algorithms, Others), Logic Gates (Toffoli Gate, Hadamard Gate, Pauli Logic Gates and Others), Verticals (Banking And Finance, Healthcare & Pharmaceuticals, Defense, Automotive, Chemical, Utilities, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Quantum computing market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the quantum computing market to exhibit a CAGR of 37.8% for the forecast period of 2021-2028.
Quantum computing is an area of advanced developing computer technology study focused on the development of computer-based technologies centered on the principles of quantum theory and quantum mechanics and uses quantum computing, which is different from the classical computing in terms of speed, bits and the data.
The surge in demand for quantum technology, especially during coronavirus emergency as it provides exponential speed for amplified optimization and vital calculations, is the major factor driving market growth within the forecast period. In addition to this, its usage in defense, healthcare and pharmaceuticals research, chemicals, utilities and various other sectors will further aggravate the market value, lack of awareness of quantum technology and unskilled employees act as a restraint for the market.
In addition to this, the ability of quantum technology to aid farmers in augmenting the yield and efficiency of plants create new opportunities for growing the market within the forecast period. The issues such as shortage of desired skillsets for quantum computing will dampen the growth rate that further result as a challenge for the market.
This quantum computing market report provides details of new recent developments, trade regulations, import export analysis, production However 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, geographical expansions, technological innovations in the market. To gain more info on 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 Quantum Computing Market Scope and Market Size
The quantum computing market is segmented on the basis of system, qubits, offering, deployment model, component, application, logic gates and verticals. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of system, the quantum computing market has been segmented into single qubit quantum system, multiple qubit system.
- On the basis of qubits, the quantum computing market is segmented into trapped ion qubits, semiconductor qubits and super conducting.
- On the basis of offering, the market is segmented into systems, services.
- On the basis of deployment model, the quantum computing market is segmented into on-premises, cloud.
- On the basis of component, the market is segmented into hardware, software and services.
- On the basis of application, the quantum computing market is segmented into cryptography, simulation, parallelism, machine learning, algorithms, others.
- On the basis of logic gates, the quantum computing market is segmented into toffoli gate, hadamard gate, pauli logic gates and others.
- On the basis of verticals, the quantum computing market is segmented into banking and finance, healthcare & pharmaceuticals, defense, automotive, chemical, utilities, others.
Quantum Computing Market Country Level Analysis
The quantum computing market is segmented on the basis of system, qubits, offering, deployment model, component, application, logic gates and verticals.
The countries covered in the quantum computing market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
North America region dominates the quantum computing market due to high investments for introducing cutting-edge technology and usage in defense, healthcare and pharmaceuticals research, chemicals, utilities and various other sectors during the forecast period. The Asia-Pacific region is projected to undergo substantial growth due to the rising urbanization and industrialization within the region.
The country section of the quantum computing market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Quantum Computing Market Share Analysis
The 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, global presence, production sites and facilities, production capacities, 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 quantum computing market.
The major players covered in the quantum computing market report are Honeywell International, Inc., Accenture, Fujitsu, Rigetti & Co, Inc., 1QB Information Technologies, Inc., IonQ, Atom Computing, Inc., ID Quantique, QuintessenceLabs, Toshiba Research Europe Ltd., Microsoft, The Xanadu, Magiq Technologies, Inc., NEC Corporation, Anyon System Inc., CAMBRIDGE QUANTUM COMPUTING LTD, QCWare, Intel Corporation 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.
Customization Available : Global Quantum Computing Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.