The Global Quantum Computing Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The Global Quantum Computing Market studies the market scenario to offer growth projections for the Quantum Computing Market industry for the forecast period of 2023-2032. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline.
The global quantum computing market size is expected to reach USD 8,487.60 Million in 2032 and register a steady revenue CAGR of 30.2% during the forecast period. Rise in number of strategic partnerships and collaborations to carry out advancements in quantum computing technology is a major factor driving market revenue growth.
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For instance, Mitsui, a company committed to digital transformation and Quantinuum, one of the top quantum computing businesses in the world with hardware and software integration, have joined forces to create quantum computing use cases that will eventually significantly impact business transformation and innovation. Mitsui and Quantinuum will hasten their joint efforts and creation of fresh business ideas. They will work together to develop quantum applications and offer value-added services to businesses operating in various quantum computing areas, which are expected to be worth between USD 450 billion and USD 850 billion globally by 2040.
Stability and error-correction difficulties are major factors restraining market revenue growth. Physical qubits are used in quantum computers currently, although they are prone to error. It is expected that 1,000 physical qubits will be required to produce a single logical qubit error-free, which is a target that has not yet been attained. By 2020, up to 5,000 physical qubit devices were produced.
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Quantum Computing market
Sales revenue by key players and new entrants
Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities
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Competitive Terrain:
The Global Quantum Computing Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
The leading market contenders listed in the report are as follows:
IBM, D-Wave Quantum Inc., Microsoft, Amazon, Inc., Rigetti & Co., LLC., Google, Intel Corporation, Toshiba, Honeywell International Inc., and QC Ware.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Emergen Research has segmented the global quantum computing market based on offering, deployment, application, technology, end-use, and region:
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Offering Outlook (Revenue, USD Million; 2019–2032)
- Systems
- Services
- Quantum Computing as a Service (QCaaS)
- Consulting Services
-
Deployment Outlook (Revenue, USD Million; 2019–2032)
- On-Premises
- Cloud-Based
-
Application Outlook (Revenue, USD Million; 2019–2032)
- Optimization
- Machine Learning (ML)
- Simulation
- Others
-
Technology Outlook (Revenue, USD Million; 2019–2032)
- Superconducting Qubits
- Trapped Ions
- Quantum Annealing
- Others
-
End-Use Outlook (Revenue, USD Million; 2019–2032)
- Space & Defense
- Banking & Finance
- Healthcare & Pharmaceuticals
- Energy & Power
- Chemicals
- Transportation & Logistics
- Government
- Academia
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Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Quantum Computing Market:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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