Global Quantum Computing Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Quantum Computing Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global quantum computing market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global quantum computing market report has been segmented on the basis of component, application, end-use industry, and region.
Quantum computing is a type of computing that focuses on developing computer technology using quantum physics to process information at atomic and subatomic level. Quantum computing operates with nanoscale components at temperatures colder than interplanetary space. Quantum computers are expected to facilitate new discoveries in various sectors such as energy, healthcare, smart materials, environmental systems, etc.
Increasing adoption of quantum technology from healthcare and defense sectors is a major factor driving growth of the global quantum computing market. Moreover, strategic collaborations between major players to provide advance quantum-based artificial intelligence services and solutions is another factor expected to fuel growth of the global market to a significant extent during the forecast period. For instance, in 2017, Fujitsu Corporation collaborated with 1QB Information Technologies Inc., to develop quantum inspired technology that can be deployed in field of artificial intelligence, in order to provide applications and solutions for various industry problems.
Availability of substitute technology is a major factor hampering growth of the global quantum computing market. Increasing investment in research and development activities to develop low-cost and efficient quantum computing technology is a major factor expected to create lucrative opportunities for major players in the global market during the forecast period.
On the basis of end-use industry, the global market is segmented into defense, healthcare & pharmaceuticals, chemicals, banking & finance, and energy & power. The defense segment accounts for considerable share in terms of revenue in the global market.
North America market accounts for highest share in terms of revenue in the global quantum computing market and is expected to maintain its dominance in the global market during the forecast period. Presence of major players and increasing investments in research and development of quantum computers are major factors driving growth of the North America quantum computing market. The Europe quantum computing market is expected to register significant revenue growth and is projected to register a CAGR of X.X% over the forecast period.
The Asia Pacific quantum computing market is expected to register highest CAGR in terms of revenue in the global market during the forecast period. Increasing adoption of quantum technology from banking and defense sectors in countries in the region is a major factor expected to drive growth of the Asia Pacific quantum computing market during the forecast period.
Segmentation on the basis of component:
Segmentation on the basis of application:
Segmentation on the basis of end-use industry:
- Healthcare & pharmaceuticals
- Banking & finance
- Energy & power
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- International Business Machines (IBM) Corporation
- Google Inc.
- Microsoft Corporation
- Qxbranch, LLC
- Cambridge Quantum Computing Ltd.
- 1QB Information Technologies Inc.
- QC Ware Corp.
- Magiq Technologies Inc.
- D-Wave Systems Inc.
- Rigetti Computing
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