Quantum Computing Market

Quantum Computing Market Size, Share, Statistics and Industry Growth Analysis by Offering, Deployment (On-Premises And Cloud), Application (Optimization, Simulation, Machine Learning), Technology (Trapped Ions, Quantum Annealing, Superconducting Qubits), End User and Region - Global Forecast to 2029

Report Code: SE 5490 Apr, 2024, by marketsandmarkets.com

Updated on : June 14, 2024

Quantum Computing Market Size :

[247 Pages Report] The global quantum computing market size is valued at USD 1.3 billion in 2024. It is anticipated to be USD 5.3 billion by 2029, growing at a CAGR of 32.7% during the forecast period. Factors such as the increasing adoption of quantum computing technologies like photonic networks and spin qubits, among others, in various end-user industries, and increasing funding in quantum computing technology are driving the market's growth during the forecast period.

Quantum Computing Market

Quantum Computing Market

Quantum Computing Market Forecast to 2029

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Quantum Computing Market Dynamics

Driver: Rising investments in quantum computing technology

The ecosystem surrounding quantum computing is expanding rapidly. This technology has applications in fields such as geophysics, medical imaging, and navigation systems. Governments of countries like the US, Australia, and the European Union are working on quantum computing initiatives and investment. For instance, in January 2023, the government of Canada announced a plan to invest ~USD 355 million in initiatives to develop quantum talent, advance quantum technology applications, and commercialize quantum computing.

Restraint: Stability and error correction issues

Quantum computers hold immense potential, but they face a major hurdle: keeping the information they process stable. Unlike classical bits in traditional computers, which are either 0 or 1, qubits, the building blocks of quantum computers, exist in a superposition of both states simultaneously. This fragility makes them prone to errors from environmental noise and imperfections in the hardware.

Opportunity: Technological advancement in quantum computing technology

Quantum computing transforms the way information is stored and processed. It significantly improves the efficiency of algorithms. The quantum computing ecosystem is evolving fast, contributing to the development of fifth-generation computers. Research related to quantum computing is evolving owing to ongoing innovations in traditional computing. This, in turn, has led to the transition of the classical computing industry to simulating quantum techniques. Quantum computers can potentially decipher obstacles that limit the power of classical computers, thereby solving complex problems related to the encryption and optimization of data in seconds that classical computers take a significantly long time to attempt. Using qubits in quantum computers enables them to have superposition and entanglement properties. Superimposing multiple qubits on each other raises quantum computers’ processing power. With this processing power, quantum computers can solve complex problems that classical computers fail to resolve.

Challenge: Shortage of quantum computing technology skilled working professional

Quantum computing is a relatively new and technical field that requires a specific understanding of quantum mechanics, as well as expertise in computer science and mathematics. The interdisciplinary nature of quantum computing means that professionals needs to have quantam programming, machine learning among others, which can take time to develop.

Quantum Computing Market Map:

Quantum Computing Market by Map

Quantum Computing Market Overview & Segmentation:

Systems segment to account for highest CAGR of the quantum computing market during the forecast period

Continuous investments in the development of quantum computing technology are expected to push the boundaries of this technology to address the real-world problems customers face. Moreover, companies such as IBM and Rigetti Computing have developed quantum computing systems, which are offered as a service to customers.

Cloud segment to register the highest market size during the forecast period

The cloud segment is projected to account for a larger share of the quantum computing industry than the on-premises segment from 2024 to 2029. Cloud quantum computing is a type of quantum computing technology that uses cloud computing to provide access to quantum processors and other quantum computing resources. The enterprises that carry out data processing within their facilities have shifted a significant portion of their IT load to specialized cloud services such as Amazon Web Services, Microsoft Azure, and Google Cloud over the past decade. A few enterprises are using the hybrid cloud that uses private computer resources belonging to enterprises and public cloud-based services.

The machine learning  segment will have the highest CAGR in the quantum computing market during the forecast period

Quantum computing and machine learning are two closely related fields of research. Quantum computing has the potential to revolutionize the way we process data, and machine learning is a powerful tool for using that data. By combining the two, researchers hope to develop new algorithms that can take advantage of the unique properties of quantum computing to solve difficult problems faster and more efficiently.

Quantum Computing Market: Regional Analysis:

Asia Pacific to hold the largest share of the quantum computing market during the forecast period

Demand for high-performance computing is growing, there is an increase in the creation of new technologies and applications, R&D spending is increasing, and industry and academic institutions are collaborating more frequently. The Asia-Pacific region’s significant growth factors for quantum computing include these developments.

Quantum Computing Market by Region

Quantum Computing Market by Region

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Top Quantum Computing Companies -
Key Market Players:

The quantum computing companies is dominated by a few globally established players such IBM (US), D-Wave Quantum Inc. (Canada), Microsoft (US), Amazon Web Services (US), Rigetti Computing (US), Fujitsu (Japan), Hitachi (Japan), Toshiba (Japan), Google (US), Intel (US), Quantinuum (US), Huawei (China), NEC (Japan), Accenture (Ireland), Nippon Telegraph and Telephone (Japan), Bosch (Germany), Quantum Computing Inc (US), IonQ (US), QC Ware (US), PsiQuantum (US), Alpine Quantum Technologies GmbH (Tyrol), Xanadu (Canada), Zapata Computing (US), and Northrop Grumman (US).

Quantum Computing Market Report Scope :

Report Metric

Details

Estimated Market Size USD 1.3 billion in 2024
Projected Market Size  USD 5.3 billion by 2029
Growth Rate  CAGR of  32.7%

Market size available for years

2020-2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD Million/Billion)

Segments Covered

  • By Offering,
  • By Deployment,
  • By  Technology,
  • By Application,
  • By End User, and By Region

Region covered

  • North America,
  • Europe,
  • Asia Pacific, and
  • Rest of the World

Companies covered

The key players in the quantum computing market are IBM (US), D-Wave Quantum Inc. (Canada), Microsoft (US), Amazon Web Services (US), Rigetti Computing (US), Fujitsu (Japan), Hitachi (Japan), Toshiba (Japan), Google (US), Intel (US), Quantinuum (US), Huawei (China), NEC (Japan), Accenture (Ireland), Nippon Telegraph and Telephone (Japan), Bosch (Germany), Quantum Circuits (US), IonQ (US), QC Ware (US), PsiQuantum (US), Alpine Quantum Technologies GmbH (Tyrol), Xanadu (Canada), Zapata Computing (US), and Northrop Grumman (US).

Quantum Computing Market Highlights

Segment

Subsegment

By Offering

  • Systems
  • Services

By Deployment

  • On-premises
  • Cloud

By Technology

  • Trapped Ions
  • Quantum Annealing
  • Superconducting Qubits
  • Photonic Networks
  • Others

By Application

  • Optimization
  • Simulation
  • Machine Learning
  • Others

By End User

  • Space & Defense
  • Transportation & Logistics
  • Healthcare & Pharmaceuticals
  • Chemicals, Banking & Finance
  • Energy & Power
  • Academia
  • Government

By Region

  • North America
    • US
    • Canada and Mexico
  • Europe
    • Germany
    • UK
    • France
    • Netherland
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Middle East and Africa (MEA)
    • South America

Recent Developments in Quantum Computing Industry : 

  • In February 2024, D-Wave has made their 1,200+ qubit Advantage2 prototype available via their Leap real-time quantum cloud service. This allows existing Leap subscribers to gain immediate access to the new hardware, and new users can sign up for Leap and receive up to one minute of complimentary use of the Advantage2 prototype alongside other quantum processing units (QPUs) and solvers offered by the platform
  • In December 2023, IBM has announced that the company has collaborated with Keio University, The University of Tokyo, Yonsei University, Seoul National University, and The University of Chicago to work together to support quantum education activities in Japan, Korea, and the United States. IBM intends to deliver educational offerings, in combination with contributions from each of the participating universities, to advance the training of up to 40,000 students over the next 10 years to prepare them for the quantum workforce and promote the growth of a quantum computing ecosystem.
  • In November 2023, Rigetti Computing has secured Phase 2 funding from DARPA (Defense Advanced Research Projects Agency). These USD 1.5 million (potential) grants will support Rigetti in developing benchmarks to measure the performance of large-scale quantum computers for real-world applications.
  • In June 2023, Intel has taken a step towards expanding the field of quantum computing research by making its latest quantum chip, the 12-qubit Tunnel Falls, accessible to universities and federal research labs. This initiative aims to bolster the research community by allowing more researchers to gain hands-on experience with cutting-edge quantum technology.

Frequently Asked Questions (FAQs):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 MARKETS COVERED
                    FIGURE 1 MARKET SEGMENTATION
    1.3 GEOGRAPHIC SCOPE 
           1.3.1 YEARS CONSIDERED
           1.3.2 INCLUSIONS AND EXCLUSIONS
    1.4 CURRENCY 
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
    1.7 LIMITATIONS 
    1.8 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA 
           FIGURE 2 PROCESS FLOW: QUANTUM COMPUTING MARKET ESTIMATION
           FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    2.1.1.1 Key industry insights
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of key secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Breakdown of primaries
                    2.1.3.2 Key data from primary sources
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for obtaining market size using bottom-up analysis (demand side)
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market size using top-down analysis
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION 
           FIGURE 6 DATA TRIANGULATION: QUANTUM COMPUTING MARKET
    2.4 RESEARCH ASSUMPTIONS 
    2.5 LIMITATIONS 
    2.6 RISK ASSESSMENT 
    2.7 APPROACH TO ANALYZE IMPACT OF RECESSION ON MARKET 
 
3 EXECUTIVE SUMMARY (Page No. - 46)
    FIGURE 7 SERVICES SEGMENT TO ACCOUNT FOR LARGER SHARE OF QUANTUM COMPUTING MARKET DURING FORECAST PERIOD
    FIGURE 8 CLOUD SEGMENT TO LEAD QUANTUM COMPUTING MARKET DURING FORECAST PERIOD
    FIGURE 9 SUPERCONDUCTING QUBIT TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD
    FIGURE 10 MACHINE LEARNING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 11 BANKING & FINANCE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF QUANTUM COMPUTING MARKET
    FIGURE 12 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN QUANTUM COMPUTING MARKET 
           FIGURE 13 RISING INVESTMENTS IN DEVELOPMENT AND DEPLOYMENT OF QUANTUM COMPUTING TECHNOLOGY TO DRIVE MARKET
    4.2  MARKET, BY OFFERING 
           FIGURE 14 SYSTEM SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
    4.3 ASIA PACIFIC QUANTUM COMPUTING MARKET, BY APPLICATION AND COUNTRY 
           FIGURE 15 CHINA DOMINATED ASIA PACIFIC MARKET IN 2023
    4.4 MARKET, BY TECHNOLOGY 
           FIGURE 16 SUPERCONDUCTING QUBIT SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.5 QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY 
           FIGURE 17 BANKING AND FINANCE SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
    4.6 MARKET, BY COUNTRY 
           FIGURE 18 SOUTH KOREA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.7 INTRODUCTION 
    4.8 MARKET DYNAMICS 
           FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN QUANTUM COMPUTING MARKET
           4.8.1 DRIVERS
                    FIGURE 20 QUANTUM COMPUTING MARKET: DRIVERS AND THEIR IMPACT
                    4.8.1.1 Rising adoption of quantum computing technology in various industries
                    4.8.1.2 Increasing investments in quantum computing technology
                               FIGURE 21 INVESTMENTS IN QUANTUM TECHNOLOGY, 2015 TO 2023
                    4.8.1.3 Increase in strategic partnerships and collaborations for advancements in quantum computing technology
                        TABLE 1 MAJOR INVESTMENT DEALS IN MARKET
           4.8.2 RESTRAINTS
                    FIGURE 22 MARKET: RESTRAINTS AND THEIR IMPACT
                    4.8.2.1 Stability and error correction issues
           4.8.3 OPPORTUNITIES
                    FIGURE 23 QUANTUM COMPUTING MARKET : OPPORTUNITIES AND THEIR IMPACT
                    4.8.3.1 Technological advancements in quantum computing technology
                               FIGURE 24 NUMBER OF QUBITS ACHIEVED BY ORGANIZATIONS, 1998–2023
                               TABLE 2 COMPARISON OF QUANTUM COMPUTERS WITH CLASSICAL COMPUTERS IN TERMS OF SPEED
                    4.8.3.2 Growing adoption of quantum computing technology in drug discovery
           4.8.4 CHALLENGES
                    FIGURE 25  MARKET: CHALLENGES AND THEIR IMPACT
                    4.8.4.1 Shortage of highly skilled professionals
                    4.8.4.2 Physical challenges related to use of quantum computers
    4.9 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS 
           FIGURE 26 REVENUE SHIFT AND NEW REVENUE POCKETS IN QUANTUM COMPUTING MARKET
    4.10 PRICING ANALYSIS 
           4.10.1 AVERAGE SELLING PRICE OF QUANTUM COMPUTERS
                    FIGURE 27 AVERAGE SELLING PRICE ANALYSIS, 2020–2029
                    FIGURE 28 AVERAGE SELLING PRICE OF QUANTUM COMPUTING AS A SERVICE OFFERED, BY THREE KEY PLAYERS
                    TABLE 3 AVERAGE SELLING PRICE OF QUANTUM COMPUTING SYSTEMS
    4.11 VALUE CHAIN ANALYSIS 
           FIGURE 29 MARKET: VALUE CHAIN ANALYSIS
           4.11.1 RESEARCH, DESIGN, AND DEVELOPMENT
           4.11.2 MANUFACTURERS
           4.11.3 QUANTUM COMPUTING-AS-A-SERVICE (QCAAS) PROVIDERS
           4.11.4 MARKETING AND SALES EXECUTIVES
           4.11.5 END-USE INDUSTRIES
    4.12 ECOSYSTEM/MARKET MAP 
           TABLE 4 MARKET: ROLE IN ECOSYSTEM
           FIGURE 30 MARKET: STAKEHOLDERS IN ECOSYSTEM
    4.13 INVESTMENT AND FUNDING SCENARIO 
           FIGURE 31 FUNDS AUTHORIZED BY COMPANIES IN QUANTUM COMPUTING MARKET
    4.14 TECHNOLOGY ANALYSIS 
           4.14.1 KEY TECHNOLOGIES
                    4.14.1.1 Superposition
                    4.14.1.2 Quantum computing for large language models workloads
           4.14.2 COMPLIMENTARY TECHNOLOGIES
                    4.14.2.1 High-performance computing
           4.14.3 ADJACENT TECHNOLOGIES
                    4.14.3.1 Quantum communication
                    4.14.3.2 Quantum sensing
    4.15 PATENT ANALYSIS 
           TABLE 5 PATENT REGISTRATIONS, 2019–2022
           FIGURE 32 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICANTS, 2013–2023
           FIGURE 33 NUMBER OF PATENTS GRANTED, 2013–2023
           TABLE 6 TOP 20 PATENT OWNERS, 2013–2023
    4.16 TRADE ANALYSIS 
           4.16.1 IMPORT SCENARIO
                    FIGURE 34 IMPORTS, BY KEY COUNTRIES, 2019−2022 (USD THOUSAND)
           4.16.2 EXPORT SCENARIO
                    FIGURE 35 EXPORTS, BY KEY COUNTRIES, 2019−2022 (USD THOUSAND)
    4.17 KEY CONFERENCES AND EVENTS, 2024–2025 
           TABLE 7 QUANTUM COMPUTING MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
    4.18 CASE STUDY ANALYSIS 
           TABLE 8 BBVA PARTNERED WITH ACCENTURE AND D-WAVE SYSTEM TO EXPLORE USE OF QUANTUM COMPUTING IN FINANCIAL SERVICES
           TABLE 9 NIPPON STEEL COLLABORATED WITH HONEYWELL QUANTUM SOLUTIONS AND CAMBRIDGE QUANTUM COMPUTING TO IMPROVE SCHEDULING AT MANUFACTURING PLANTS
           TABLE 10 BBVA AND ZAPATA PARTNERED TO SPEEDUP MONTE CARLO SIMULATIONS
    4.19 REGULATORY LANDSCAPE 
           4.19.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           4.19.2 REGULATORY STANDARDS
                    4.19.2.1 P1913 - Software-defined quantum communication
                    4.19.2.2 P7130 - Standard for quantum technologies definitions
                    4.19.2.3 P7131 - Standard for quantum computing performance metrics and benchmarking
    4.20 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 15 QUANTUM COMPUTING MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 36 MARKET: PORTER’S FIVE FORCES ANALYSIS
           4.20.1 INTENSITY OF COMPETITIVE RIVALRY
           4.20.2 BARGAINING POWER OF SUPPLIERS
           4.20.3 BARGAINING POWER OF BUYERS
           4.20.4 THREAT OF SUBSTITUTES
           4.20.5 THREAT OF NEW ENTRANTS
    4.21 KEY STAKEHOLDERS & BUYING CRITERIA 
           4.21.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           4.21.2 BUYING CRITERIA
                    FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 17 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
 
5 QUANTUM COMPUTING MARKET, BY OFFERING
    5.1 INTRODUCTION 
           FIGURE 39 SERVICES SEGMENT TO ACCOUNT FOR LARGER SIZE OF QUANTUM COMPUTING MARKET FROM 2024 TO 2029
           TABLE 18 MARKET, BY OFFERING, 2020–2023 (USD MILLION)
           TABLE 19 MARKET, BY OFFERING, 2024–2029 (USD MILLION)
    5.2 SYSTEMS 
           5.2.1 DEPLOYMENT OF ON-PREMISES QUANTUM COMPUTERS AT CLIENT SITES
                    TABLE 20 MARKET, BY OFFERING, 2020–2023 (UNITS)
                    TABLE 21 MARKET, BY OFFERING, 2024–2029 (UNITS)
    5.3 SERVICES 
           TABLE 22 MARKET FOR SERVICES, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 23 MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
           5.3.1 QUANTUM COMPUTING AS A SERVICE (QCAAS)
                    5.3.1.1 Increased number of companies offering QCaaS owing to growing demand for cloud-based systems and services
                               TABLE 24 MARKET FOR QUANTUM COMPUTING AS A SERVICE, BY TECHNOLOGY, 2020–2023(USD MILLION)
                               TABLE 25 MARKET FOR QUANTUM COMPUTING AS A SERVICE, BY TECHNOLOGY, 2024–2029 (USD MILLION)
           5.3.2 CONSULTING SERVICES
                    5.3.2.1 Customized roadmaps helping clients understand benefits of quantum computing technology
                               TABLE 26  MARKET FOR CONSULTING SERVICES, BY TECHNOLOGY, 2020–2023 (USD MILLION)
                               TABLE 27  MARKET FOR CONSULTING SERVICES, BY TECHNOLOGY, 2024–2029 (USD MILLION)
 
6 QUANTUM COMPUTING MARKET, BY DEPLOYMENT (Page No. - 88)
    6.1 INTRODUCTION 
           FIGURE 40 CLOUD SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
           TABLE 28  MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
           TABLE 29  MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
    6.2 ON-PREMISES 
           6.2.1 RISING DEPLOYMENT OF ON-PREMISES QUANTUM COMPUTERS BY ORGANIZATIONS TO ENSURE DATA SECURITY
                    TABLE 30 ON-PREMISES: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                    TABLE 31 ON-PREMISES: MARKET, BY END-USER INDUSTRY, 2024–2029(USD MILLION)
    6.3 CLOUD 
           6.3.1 INCREASING PREFERENCE FOR CLOUD QUANTUM COMPUTING TO PERFORM R&D USING DIFFERENT APPROACHES
                    TABLE 32 CLOUD: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                    TABLE 33 CLOUD: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
 
7 QUANTUM COMPUTING MARKET, BY APPLICATION (Page No. - 94)
    7.1 INTRODUCTION 
           FIGURE 41 OPTIMIZATION TO BE LARGEST SEGMENT OF QUANTUM COMPUTING MARKET DURING FORECAST PERIOD
           TABLE 34 MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
           TABLE 35 MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
    7.2 OPTIMIZATION 
           7.2.1 GROWING USE OF QUANTUM ALGORITHMS TO SOLVE OPTIMIZATION PROBLEMS
                    TABLE 36 OPTIMIZATION: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 37 OPTIMIZATION: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    FIGURE 42 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN QUANTUM COMPUTING MARKET FOR OPTIMIZATION SEGMENT DURING FORECAST PERIOD
    7.3 MACHINE LEARNING 
           7.3.1 RISING USE OF MACHINE LEARNING IN VARIOUS INDUSTRIES AND SECTORS
                    TABLE 38 MACHINE LEARNING: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 39 MACHINE LEARNING: MARKET, BY REGION, 2024–2029 (USD MILLION)
           FIGURE 43 NORTH AMERICA TO HOLD LARGEST SHARE OF QUANTUM COMPUTING MARKET FOR MACHINE LEARNING SEGMENT DURING FORECAST PERIOD
    7.4 SIMULATION 
           7.4.1 INCREASING ADOPTION OF QUANTUM COMPUTING SIMULATION TO STUDY AND DEVELOP QUANTUM ALGORITHMS AND TEST PERFORMANCE OF QUANTUM HARDWARE
                    TABLE 40 SIMULATION: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 41 SIMULATION: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    FIGURE 44 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF  MARKET FOR SIMULATION SEGMENT DURING FORECAST PERIOD
    7.5 OTHER APPLICATIONS 
           TABLE 42 OTHER APPLICATIONS: MARKET, BY REGION, 2020–2023 (USD MILLION)
           TABLE 43 OTHER APPLICATIONS: MARKET, BY REGION, 2024–2029 (USD MILLION)
 
8 QUANTUM COMPUTING MARKET, BY TECHNOLOGY (Page No. - 103)
    8.1 INTRODUCTION 
           FIGURE 45 PHOTONIC NETWORK SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 44 MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
           TABLE 45 MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
    8.2 SUPERCONDUCTING QUBIT 
           8.2.1 PRESENCE OF SUPERCONDUCTING QUBITS IN SERIES OF QUANTIZED ENERGY STATES
                    TABLE 46 SUPERCONDUCTING QUBIT: MARKET, BY SERVICE, 2020–2023 (USD MILLION)
                    TABLE 47 SUPERCONDUCTING QUBIT: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                    FIGURE 46 QCAAS SUB-SEGMENT TO HOLD LARGER SHARE OF MARKET FOR SUPERCONDUCTING QUBIT SEGMENT DURING FORECAST PERIOD
    8.3 TRAPPED ION 
           8.3.1 GROWING USE OF TRAPPED ION TECHNOLOGY IN QUANTUM COMPUTERS
                    TABLE 48 TRAPPED ION: MARKET, BY SERVICE, 2020–2023 (USD MILLION)
                    TABLE 49 TRAPPED ION: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                    FIGURE 47 QCAAS SUB-SEGMENT TO REGISTER HIGHER CAGR IN QUANTUM COMPUTING MARKET FOR TRAPPED ION SEGMENT DURING FORECAST PERIOD
    8.4 QUANTUM ANNEALING 
           8.4.1 RISING USE OF QUANTUM ANNEALING TECHNOLOGY TO SOLVE OPTIMIZATION PROBLEMS IN ENTERPRISES
                    TABLE 50 QUANTUM ANNEALING: MARKET, BY SERVICE, 2020–2023 (USD MILLION)
                    TABLE 51 QUANTUM ANNEALING: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
           FIGURE 48 QCAAS SUB-SEGMENT TO REGISTER HIGHER CAGR IN MARKET FOR QUANTUM ANNEALING SEGMENT DURING FORECAST PERIOD
    8.5 PHOTONIC NETWORK 
           8.5.1 RISING USE OF QUANTUM ANNEALING TECHNOLOGY TO SOLVE OPTIMIZATION PROBLEMS IN ENTERPRISES
                    TABLE 52 PHOTONIC NETWORK: QUANTUM COMPUTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
                    TABLE 53 PHOTONIC NETWORK: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
    8.6 OTHER TECHNOLOGIES 
           TABLE 54 OTHER TECHNOLOGIES: MARKET, BY SERVICE, 2020–2023 (USD MILLION)
           TABLE 55 OTHER TECHNOLOGIES: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
 
9 QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY (Page No. - 112)
    9.1 INTRODUCTION 
           FIGURE 49 BANKING AND FINANCE SEGMENT TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD
           TABLE 56 QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
           TABLE 57 MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
    9.2 SPACE & DEFENSE 
           9.2.1 RISING USE OF QUANTUM COMPUTING TO PERFORM MULTIPLE OPERATIONS SIMULTANEOUSLY
                    TABLE 58 SPACE & DEFENSE: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 59 SPACE & DEFENSE: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 60 SPACE & DEFENSE: MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
                    TABLE 61 SPACE & DEFENSE:  MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
                    FIGURE 50 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN QUANTUM COMPUTING MARKET FOR SPACE & DEFENSE SEGMENT DURING THE FORECAST PERIOD
    9.3 BANKING AND FINANCE 
           9.3.1 RISING USE OF QUANTUM COMPUTING FOR RISK MODELLING
                    TABLE 62 BANKING AND FINANCE: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 63 BANKING AND FINANCE: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 64 BANKING AND FINANCE: MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
                    TABLE 65 BANKING AND FINANCE: MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
                    FIGURE 51 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF QUANTUM COMPUTING MARKET FOR BANKING AND FINANCE SEGMENT DURING FORECAST PERIOD
    9.4 HEALTHCARE AND PHARMACEUTICAL 
           9.4.1 GROWING DEMAND FOR ROBUST AND AGILE COMPUTING TECHNOLOGY FOR DRUG SIMULATION INEFFICIENT AND TIMELY MANNER
                    TABLE 66 HEALTHCARE AND PHARMACEUTICAL: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 67 HEALTHCARE AND PHARMACEUTICAL: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 68 HEALTHCARE AND PHARMACEUTICAL: MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
                    TABLE 69 HEALTHCARE AND PHARMACEUTICAL: MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
    9.5 ENERGY & POWER 
           9.5.1 INCREASED REQUIREMENT TO DEVELOP NEW ENERGY SOURCES AND OPTIMIZE ENERGY DELIVERY PROCESS
                    TABLE 70 ENERGY & POWER: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 71 ENERGY & POWER: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 72 ENERGY & POWER: MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
                    TABLE 73 ENERGY & POWER: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
    9.6 CHEMICALS 
           9.6.1 GROWING ADOPTION OF QUANTUM COMPUTING TO OPTIMIZE LARGE-SCALE PROCESSES USED IN PHARMACEUTICAL AND CHEMICAL MANUFACTURING
                    TABLE 74 CHEMICALS: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 75 CHEMICALS: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 76 CHEMICALS:  MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
                    TABLE 77 CHEMICALS: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
    9.7 TRANSPORTATION AND LOGISTICS 
           9.7.1 RISING USE OF QUANTUM-BASED APPROACHES TO OPTIMIZE TRAFFIC FLOW
                    TABLE 78 TRANSPORTATION AND LOGISTICS: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 79 TRANSPORTATION AND LOGISTICS: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 80 TRANSPORTATION AND LOGISTICS: MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
                    TABLE 81 TRANSPORTATION AND LOGISTICS: MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
    9.8 GOVERNMENT 
           9.8.1 INCREASED USE OF QUANTUM COMPUTING TO SOLVE PRACTICAL PROBLEMS OF CLIMATE CHANGE AND TRAFFIC MANAGEMENT
                    TABLE 82 GOVERNMENT: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 83 GOVERNMENT: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 84 GOVERNMENT: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
                    TABLE 85 GOVERNMENT: MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
    9.9 ACADEMIC 
           9.9.1 RISE IN INTEGRATION OF QUANTUM COMPUTING FOR SCIENCE RESEARCH ACTIVITIES
                    TABLE 86 ACADEMIC: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 87 ACADEMIC: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 88 ACADEMIC: MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
                    TABLE 89 ACADEMIC: MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
 
10 QUANTUM COMPUTING MARKET, BY REGION (Page No. - 129)
     10.1 INTRODUCTION
             FIGURE 52 SOUTH KOREAN QUANTUM COMPUTING MARKET TO REGISTER HIGHEST CAGR FROM 2024 TO 2029
             TABLE 90 MARKET, BY REGION, 2020–2023 (USD MILLION)
             TABLE 91  MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.2 NORTH AMERICA 
             FIGURE 53 NORTH AMERICA: SNAPSHOT OF QUANTUM COMPUTING MARKET
             TABLE 92 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
             TABLE 93 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
             TABLE 94 NORTH AMERICA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
             TABLE 95 NORTH AMERICA: MARKET, BY APPLICATION, 2024–2029(USD MILLION)
             TABLE 96 NORTH AMERICA: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
             TABLE 97 NORTH AMERICA: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             10.2.1 US
                        10.2.1.1 High adoption of new and advanced technologies to drive market
             10.2.2 CANADA AND MEXICO
                        10.2.2.1 Increased government investments in development of new technologies to drive market
             10.2.3 RECESSION IMPACT ON NORTH AMERICA
     10.3 EUROPE 
             FIGURE 54 EUROPE: SNAPSHOT OF QUANTUM COMPUTING MARKET
             TABLE 98 EUROPE: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
             TABLE 99 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
             TABLE 100 EUROPE: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
             TABLE 101 EUROPE: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             TABLE 102 EUROPE: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
             TABLE 103 EUROPE: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             10.3.1 UK
                        10.3.1.1 Government initiatives and development in research institutes to drive demand
             10.3.2 GERMANY
                        10.3.2.1 Government initiatives to increase awareness regarding importance of quantum computing technology
             10.3.3 FRANCE
                        10.3.3.1 Rising demand for advanced technologies to ensure secure communication in various industries and sectors
             10.3.4 NETHERLANDS
                        10.3.4.1 Rising initiatives to develop quantum computing technology
             10.3.5 REST OF EUROPE
             10.3.6 RECESSION IMPACT ON EUROPE
     10.4 ASIA PACIFIC 
             FIGURE 55 ASIA PACIFIC: SNAPSHOT OF QUANTUM COMPUTING MARKET
             TABLE 104 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
             TABLE 105 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
             TABLE 106 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
             TABLE 107 ASIA PACIFIC: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             TABLE 108 ASIA PACIFIC: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
             TABLE 109 ASIA PACIFIC: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 Increased government-led support and initiatives to develop quantum computers
             10.4.2 JAPAN
                        10.4.2.1 Increased focus on deployment of emerging technologies
             10.4.3 SOUTH KOREA
                        10.4.3.1 Growing adoption by key consumer electronics manufacturers to drive market
             10.4.4 REST OF ASIA PACIFIC
             10.4.5 RECESSION IMPACT ON ASIA PACIFIC
     10.5 ROW 
             TABLE 110 ROW: MARKET, BY REGION, 2020–2023 (USD MILLION)
             TABLE 111 ROW: MARKET, BY REGION, 2024–2029 (USD MILLION)
             TABLE 112 ROW: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
             TABLE 113 ROW: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             TABLE 114 ROW: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
             TABLE 115 ROW: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             10.5.1 SOUTH AMERICA
                        10.5.1.1 Brazil Quantum to drive market
             10.5.2 GCC
                        10.5.2.1 Government funding for R&D to drive market
             10.5.3 REST OF MIDDLE EAST & AFRICA
                        10.5.3.1 Rising initiatives to increase awareness regarding quantum computing
             10.5.4 RECESSION IMPACT ON ROW
 
11 COMPETITIVE LANDSCAPE (Page No. - 152)
     11.1 INTRODUCTION 
     11.2 KEY STRATEGIES ADOPTED BY MAJOR COMPANIES 
             TABLE 116 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN QUANTUM COMPUTING MARKET
     11.3 MARKET REVENUE ANALYSIS 
             FIGURE 56 GLOBAL MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020-2022
     11.4 MARKET SHARE ANALYSIS 
             FIGURE 57 SHARE OF KEY PLAYERS IN MARKET, 2023
             TABLE 117 DEGREE OF COMPETITION, MARKET (2023)
             TABLE 118 MARKET RANKING ANALYSIS
     11.5 VALUATION AND FINANCIAL METRICS OF QUANTUM COMPUTING MARKET 
             FIGURE 58 EV/EBITDA OF KEY VENDORS
     11.6 BRAND/PRODUCT COMPARATIVE ANALYSIS 
             FIGURE 59  MARKET: TOP TRENDING BRAND/PRODUCTS
     11.7 COMPANY EVALUATION MATRIX, KEY PLAYERS, 2023 
             11.7.1 STARS
             11.7.2 EMERGING LEADERS
             11.7.3 PERVASIVE PLAYERS
             11.7.4 PARTICIPANTS
                        FIGURE 60 MARKET: COMPANY EVALUATION MATRIX, KEY PLAYERS, 2023
     11.8  MARKET: COMPANY FOOTPRINT 
             TABLE 119 COMPANY FOOTPRINT
             TABLE 120 COMPANY OFFERING FOOTPRINT
             TABLE 121 COMPANY APPLICATION FOOTPRINT
             TABLE 122 COMPANY END-USER INDUSTRY FOOTPRINT
             TABLE 123 COMPANY REGION FOOTPRINT
     11.9 COMPANY EVALUATION MATRIX, STARTUPS/SMES, 2023 
             11.9.1 PROGRESSIVE COMPANIES
             11.9.2 RESPONSIVE COMPANIES
             11.9.3 DYNAMIC COMPANIES
             11.9.4 STARTING BLOCKS
                        FIGURE 61 QUANTUM COMPUTING MARKET, COMPANY EVALUATION MATRIX, STARTUPS/SMES, 2023
     11.1 COMPETITIVE BENCHMARKING 
             TABLE 124 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 125 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.11 COMPETITIVE SCENARIOS AND TRENDS 
             11.11.1 PRODUCT LAUNCHES/DEVELOPMENTS
                         TABLE 126 MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, JANUARY 2020– MARCH 2024
             11.11.2 DEALS
                         TABLE 127 MARKET: DEALS, JANUARY 2020–MARCH 2024
 
12 COMPANY PROFILES (Page No. - 172)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*  
     12.1 KEY PLAYERS 
             12.1.1 IBM
                        TABLE 128 IBM: COMPANY OVERVIEW
           FIGURE 62 IBM: COMPANY SNAPSHOT
                        TABLE 129 IBM: PRODUCT LAUNCHES
                        TABLE 130 IBM: DEALS
             12.1.2 D-WAVE QUANTUM INC.
                        TABLE 131 D-WAVE QUANTUM INC.: COMPANY OVERVIEW
                        FIGURE 63 D-WAVE QUANTUM INC: COMPANY SNAPSHOT
                        TABLE 132 D-WAVE QUANTUM INC.: PRODUCT LAUNCHES
                        TABLE 133 D-WAVE QUANTUM INC.: DEALS
                        TABLE 134 D-WAVE QUANTUM INC.: OTHERS
             12.1.3 MICROSOFT
                        TABLE 135 MICROSOFT CORPORATION: COMPANY OVERVIEW
                        FIGURE 64 MICROSOFT: COMPANY SNAPSHOT
                        TABLE 136 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 137 MICROSOFT: PRODUCT LAUNCHES
                        TABLE 138 MICROSOFT: DEALS
                        TABLE 139 MICROSOFT: OTHERS
             12.1.4 AMAZON WEB SERVICES (AWS)
                        TABLE 140 AMAZON WEB SERVICES: COMPANY OVERVIEW
                        FIGURE 65 AMAZON: COMPANY SNAPSHOT
                        TABLE 141 AMAZON WEB SERVICE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 142 AMAZON WEB SERVICES: PRODUCT LAUNCHES
                        TABLE 143 AMAZON WEB SERVICES: DEALS
                        TABLE 144 AMAZON WEB SERVICES: EXPANSIONS
             12.1.5 RIGETTI COMPUTING
                        TABLE 145 RIGETTI COMPUTING: COMPANY OVERVIEW
                        FIGURE 66 RIGETTI COMPUTING: COMPANY SNAPSHOT
                        TABLE 146 RIGETTI COMPUTING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 147 RIGETTI COMPUTING: PRODUCT LAUNCHES
                        TABLE 148 RIGETTI COMPUTING: DEALS
                        TABLE 149 RIGETTI COMPUTING: OTHERS
             12.1.6 GOOGLE
                        TABLE 150 GOOGLE: COMPANY OVERVIEW
                        FIGURE 67 GOOGLE: COMPANY SNAPSHOT
                        TABLE 151 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 152 GOOGLE: PRODUCT LAUNCHES
                        TABLE 153 GOOGLE: DEALS
             12.1.7 INTEL
                        TABLE 154 INTEL: COMPANY OVERVIEW
                        FIGURE 68 INTEL: COMPANY SNAPSHOT
                        TABLE 155 INTEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 156 INTEL: PRODUCT LAUNCHES
                        TABLE 157 INTEL: DEALS
             12.1.8 TOSHIBA
                        TABLE 158 TOSHIBA: COMPANY OVERVIEW
                        FIGURE 69 TOSHIBA: COMPANY SNAPSHOT
                        TABLE 159 TOSHIBA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 160 TOSHIBA: DEALS
                        TABLE 161 TOSHIBA: OTHERS
             12.1.9 QUANTINUUM
                        TABLE 162 QUANTINUUM: COMPANY OVERVIEW
                        TABLE 163 QUANTINUUM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 164 QUANTINUUM: PRODUCT LAUNCHES
                        TABLE 165 QUANTINUUM: DEALS
             12.1.10 QC WARE
                        TABLE 166 QC WARE: COMPANY OVERVIEW
                        TABLE 167 QC WARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 168 QC WARE: PRODUCT LAUNCHES
                        TABLE 169 QC WARE: DEALS
             12.1.11 IONQ
                        TABLE 170 IONQ: COMPANY OVERVIEW
                        FIGURE 70 IONQ: COMPANY SNAPSHOT
                        TABLE 171 IONQ: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 172 IONQ: PRODUCT LAUNCHES
                        TABLE 173 IONQ: DEALS
                        TABLE 174 IONQ: OTHERS
     12.2 OTHER PLAYERS 
             12.2.1 1QB INFORMATION TECHNOLOGIES
             12.2.2 HUAWEI
             12.2.3 BOSCH
             12.2.4 NEC
             12.2.5 ALPINE QUANTUM TECHNOLOGIES GMBH (AQT)
             12.2.6 NIPPON TELEGRAPH AND TELEPHONE CORPORATION (NTT)
             12.2.7 HITACHI
             12.2.8 NORTHROP GRUMMAN
             12.2.9 ACCENTURE
             12.2.10 FUJITSU
             12.2.11 ZAPATA COMPUTING
             12.2.12 XANADU
             12.2.13 RIVERLANE
             12.2.14 QUANTUM COMPUTING INC
             12.2.15 EVOLUTIONQ
             12.2.16 ANYON SYSTEMS
             12.2.17 PSIQUANTUM
 
13 APPENDIX (Page No. - 240)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

 

 

The study involved four major activities in estimating the size of the quantum computing market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the global market size. After that, market breakdown and data triangulation have been used to estimate the market sizes of segments and subsegments.

Secondary Research

Secondary sources for this research study include corporate filings (such as annual reports, investor presentations, and financial statements), trade, business, and professional associations, white papers, certified publications, articles from recognized authors, directories, and databases. Secondary data was collected and analysed to determine the overall market size, further validated by primary research.

Primary Research

Extensive primary research was conducted after understanding and analysing the quantum computing market scenario through the secondary research process. Several primary interviews were conducted with key opinion leaders from the demand- and supply-side vendors across four major regions—North America, Asia Pacific, Europe, and RoW (including the Middle East, Africa, and South America). After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Quantum Computing Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the quantum computing market. These methods have also been extensively used to estimate the sizes of various market subsegments. The research methodology used to estimate the market sizes includes the following:

  • Identifying various applications that use or are expected to use the quantum computing market.
  • Analyzing historical and current data pertaining to the size of the quantum computing market for each application
  • Analyzing the average selling prices of quantum computing based on different technologies
  • Studying various paid and unpaid sources, such as annual reports, press releases, white papers, and databases
  • Identifying leading providers of quantum computing, studying their portfolios, and understanding features of their products and their underlying technologies, as well as the types of quantum computing products offered
  • Tracking ongoing and identifying upcoming developments in the market through investments, research and development activities, product launches, expansions, and partnerships, and forecasting the market size based on these developments and other critical parameters
  • Carrying out multiple discussions with key opinion leaders to understand the technologies used in quantum computing, and products wherein they are deployed, and analyze the break-up of the scope of work carried out by key manufacturers of quantum computing providers
  • Verifying and crosschecking estimates at every level through discussions with key opinion leaders, such as CXOs, directors, and operations managers, and finally with domain experts at MarketsandMarkets

Market Size Estimation Methodology-Bottom-Up Approach

Quantum Computing Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size-using the market size estimation processes explained above-the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

Quantum computing involves phenomena such as quantum entanglement and quantum mechanics superposition that are used by quantum computers for their enhanced computing power. The improved computing power of quantum computers can be attributed to how data is represented. Conventional computers use bits that can either be 1s or 0s, while quantum computers use qubits (quantum bits), which can be both 0s and 1s simultaneously due to superposition. Quantum computing devices or quantum computers operate with nanoscale components at low temperatures, and they have the potential to address some of the most challenging computational problems.

Key Stakeholders

  • Research organizations and universities
  • Original equipment manufacturers (OEMs)
  • Technology standard organizations, forums, alliances, and associations
  • Analysts and strategic business planners
  • Government bodies, venture capitalists, and private equity firms
  • End users

Report Objectives

  • To define, describe, segment, and forecast the quantum computing market, in terms of value based on offering, deployment, technology, application, end-user, and region.
  • To forecast the size of the market and its segments concerning four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their key countries
  • To provide detailed information regarding the key factors influencing market growth, such as drivers, restraints, opportunities, and challenges
  • To provide a detailed analysis of the quantum computing value chain
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies
  • To analyze key growth strategies such as expansions, contracts, joint ventures, acquisitions, product launches and developments, and research and development activities undertaken by players operating in the quantum computing market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of 25 market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 5490
Published ON
Apr, 2024
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