Quantum Computing Market Size, Share & Growth

Report Code SE 5490
Published in Apr, 2024, By MarketsandMarkets™
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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

Overview

The global quantum computing market size will be valued at USD 1.3 billion in 2024 and USD 5.3 billion by 2029, growing at a CAGR of 32.7% during the forecast period from 2024 to 2029. This quantum computing report provides an in-depth analysis of the current state of quantum computing and its potential future growth. The growth of quantum computing technology is divided into short-term, mid-term, and long-term terms. Companies in the quantum computing market are focusing on quantum error correction in the short term. The mid-term goal for quantum computing technology is to do error correction. In the long term, companies in quantum computing are expected to focus on the modification of the architecture of the technology. Quantum computing companies like IBM and Google, among others, have announced individual roadmaps toward developing quantum computing technology. From 2023, visionaries such as IBM plan to bring dynamic circuits to the Qiskit Routine to improve accuracy, reduce required resources, and create a scalable computation system by 2026. As of 2023, industries like automotive & transportation, healthcare and pharma, and financial services are a few of the industries that have adopted quantum computing for various quantum computing applications like quantum optimization, quantum simulation, and quantum machine learning. Like in financial services, quantum computing is used for derivative pricing, portfolio and trading optimization, and risk management, among others.

Attractive Opportunities in the Quantum Computing Market

ASIA PACIFIC

The rising use of quantum computing services offered by companies of Japan and China is expected to fuel the growth of the Asia Pacific QCaaS market.

The growth of the quantum computing market can be attributed to the increasing investments in quantum computing technology.

Leading countries, such as the US, Germany, Japan, and China, are expected to be the key markets for quantum computing systems and services during the forecast period.

Surging number of strategic partnerships and collaborations to carry out advancements in quantum computing technology is driving the growth of the quantum computing market.

Technological advancements in quantum computing are projected to offer lucrative growth opportunities for players in the quantum computing market for the next five years.

Global Quantum Computing Market Dynamics

DRIVER: Rising quantum computing investments in quantum computing technology

The quantum computing ecosystem surrounding quantum computing is expanding rapidly. This technology has applications in geophysics, medical imaging, and navigation systems. Governments of countries like the US, Australia, and the European Union are working on quantum computing initiatives and investments. 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 computing is one of the fastest-growing technologies in the world, but some restrictions restrict its development. The information available in quantum computing is complex and difficult to keep stable. Like in classic computers, the information is either 0 or 1. But in quantum computers, the quantum bits exist simultaneously in a superposition of both states. This condition makes them suitable for errors from environmental noise and hardware imperfections.

 

OPPORTUNITY: Technological advancement in quantum computing technology

Quantum computing is a growing technology that has the opportunity to make computing faster. These devices can perform valuable tasks but have a high rate of error. In short-term quantum computing, use cases will have a hybrid quantum operating model, a mix of traditional and quantum computers. In the short term, also known as the NISQ era, the revenue for quantum computing will be entirely generated from end-user industries and quantum computing research investments. Mid-term quantum computing is expected to witness many advantages over conventional computers. To achieve this stage, quantum algorithms with a high error correction ability are required. Long-term quantum computing requires a high tolerance for error correction and scalability. At this stage, the value will be added by the quantum hardware, quantum software, and service providers.

CHALLENGE: Shortage of quantum computing technology skilled working professional

Quantum computing technology is a growing technology. Technology development requires specialists who know quantum mechanics and have computer science and mathematics expertise. The professional should also understand quantum programming and machine learning, among other technologies, to keep up with the fast-growing field of quantum computing. Companies working in the field of quantum computing face the challenge of hiring talent with a good understanding of the technology, and hence, it is one of the significant quantum computing challenges for the market.

Global Quantum Computing Market Ecosystem Analysis

Systems segment to account for highest CAGR of the quantum computing market during the forecast period Quantum computer systems are designed to solve complex problems that traditional computers find difficult. Constant investments and development in quantum computing systems are driving the market during the forecast period. Quantum computing hardware launches are becoming increasingly common. The shipment of quantum computing systems is increasing daily. For instance, in the year 2023, 2 quantum computers were shipped. In recent years, many companies have released quantum computing hardware, including IBM, Google, Microsoft, Intel, and Rigetti Computing.

 

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 based quantum computing services provide access to quantum processors and other quantum computing resources. Over the past decade, 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. A few enterprises are using the hybrid cloud that uses private computer resources belonging to enterprises and public cloud-based services.The quantum machine learning segment will have the highest CAGR in the quantum computing market during the forecast periodThe market for machine learning technology is expected to have the highest CAGR during the forecast period. Machine learning in quantum computing is used to optimize its operations by solving complex problems faster than traditional computers. For instance, companies like IQBit (Canada) offer Optimization, Simulation, and Machine Learning Molecular Similarity (GMS) tools for virtual screening and assisting in drug discovery for pharmaceutical companies.

Enterprise Quantum Computing Market

The enterprise quantum computing market is witnessing rapid growth as businesses across various industries recognize the transformative potential of quantum technologies. Quantum computing offers the ability to solve complex problems at speeds far beyond the capabilities of classical computers, making it highly attractive for sectors such as finance, healthcare, logistics, pharmaceuticals, and cybersecurity. Enterprises are particularly focused on leveraging quantum computing for optimization, simulation, data analysis, and cryptography. With the increasing availability of quantum-as-a-service platforms, more companies, including small and medium-sized enterprises, are gaining access to quantum computing capabilities without needing to invest heavily in infrastructure. As a result, the enterprise quantum computing market is expected to experience significant expansion, with projections indicating rapid adoption as the technology matures and becomes more commercially viable. The growing investment in research, development, and partnerships between tech giants and startups is further accelerating the pace of innovation in this market.The quantum technology market is experiencing significant advancements, particularly with respect to the development of quantum chips, which are central to the progress of quantum computing and other quantum-based applications. Quantum chips are the hardware that enable quantum computers to perform complex calculations by harnessing quantum bits (qubits), which can exist in multiple states simultaneously. These chips are crucial for increasing the computational power and efficiency of quantum systems. As demand for faster and more powerful quantum processors grows, companies are investing heavily in research and development to create more stable, scalable, and reliable quantum chips. Innovations in quantum chip fabrication, such as using superconducting qubits, trapped ions, or topological qubits, are driving the market forward. As quantum technologies evolve, the quantum technology market statistics will continue to be shaped by these breakthroughs in quantum chip development, unlocking new applications in fields like cryptography, artificial intelligence, drug discovery, and material science. The growth of the quantum chip sector is expected to play a pivotal role in the overall expansion of the quantum technology market in the coming years.

Asia Pacific Region Holds the Largest Share of the Quantum Computing Market

The demand for the quantum computing market share is expected to have the largest share in the Asia Pacific region. Companies working in the area's quantum computing market and the government are spending money on research in quantum computing.The race to build powerful quantum computers is heating up with big money bets.The race to build powerful quantum computers is heating up with big money bets. Tech giant IBM is throwing down a cool USD 100 million to help universities in Japan and the US develop whopper machines with 10,000 qubits.

 
 

Recent Developments of Quantum Computing Market industry

  • In February 2024, D-Wave has made their 1,200+ qubit Advantage 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 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.

Key Market Players

KEY PLAYERS IN THE Quantum Computing Market INCLUDE

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Scope of the Report

Report Attribute 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), Huaw

 

Key Questions Addressed by the Report

How big is the quantum computing Market?
The quantum computing market was valued at USD 899 million in 2023. The growth of the Internet penetration rate is increasing the demand for quantum computing across different verticals during the forecast period.
Are quantum computing in Demand?
Quantum computing is in demand, primarily because it can solve complex problems practically impossible for classical computers. Industries such as finance, pharmaceuticals, materials science, cryptography, and logistics are particularly interested in leveraging quantum computing for optimization, simulation, and cryptography tasks.
What are the various verticals of the quantum computing market?
Banking and finance are vertical to showcase the largest market size during the forecast period.
What region is expected to have a high adoption of the quantum computing market?
Asia Pacific is expected to lead the market during the forecast period.
Who is the Leader in the quantum computing market?
D Wave Quantum Inc. (Canada) is a key player in the quantum computing market. The company is also one of the leading providers globally, relying on its R&D capabilities and balanced product portfolio.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
22
RESEARCH METHODOLOGY
27
EXECUTIVE SUMMARY
37
PREMIUM INSIGHTS
41
MARKET OVERVIEW
44
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Rising adoption of quantum computing technology in various industries
    - Increasing investments in quantum computing technology
    - Increase in strategic partnerships and collaborations for advancements in quantum computing technology
    RESTRAINTS
    - Stability and error correction issues
    OPPORTUNITIES
    - Technological advancements in quantum computing technology
    - Growing adoption of quantum computing technology in drug discovery
    CHALLENGES
    - Shortage of highly skilled professionals
    - Physical challenges related to use of quantum computers
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS
  • 5.4 PRICING ANALYSIS
    AVERAGE SELLING PRICE OF QUANTUM COMPUTERS
  • 5.5 VALUE CHAIN ANALYSIS
    RESEARCH, DESIGN, AND DEVELOPMENT
    MANUFACTURERS
    QUANTUM COMPUTING-AS-A-SERVICE (QCAAS) PROVIDERS
    MARKETING AND SALES EXECUTIVES
    END-USE INDUSTRIES
  • 5.6 ECOSYSTEM/MARKET MAP
  • 5.7 INVESTMENT AND FUNDING SCENARIO
  • 5.8 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Superposition
    - Quantum Computing for Large Language Models Workloads
    COMPLIMENTARY TECHNOLOGIES
    - High-Performance Computing
    ADJACENT TECHNOLOGIES
    - Quantum Communication
    - Quantum Sensing
  • 5.9 PATENT ANALYSIS
  • 5.10 TRADE ANALYSIS
    IMPORT SCENARIO
    EXPORT SCENARIO
  • 5.11 KEY CONFERENCES AND EVENTS, 2024–2025
  • 5.12 CASE STUDY ANALYSIS
  • 5.13 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    REGULATORY STANDARDS
    - P1913 - Software-defined quantum communication
    - P7130 - Standard for quantum technologies definitions
    - P7131 - Standard for quantum computing performance metrics and benchmarking
  • 5.14 PORTER’S FIVE FORCES ANALYSIS
    INTENSITY OF COMPETITIVE RIVALRY
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF SUBSTITUTES
    THREAT OF NEW ENTRANTS
  • 5.15 KEY STAKEHOLDERS & BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
QUANTUM COMPUTING MARKET, BY OFFERING
72
  • 6.1 INTRODUCTION
  • 6.2 SYSTEMS
    DEPLOYMENT OF ON-PREMISES QUANTUM COMPUTERS AT CLIENT SITES
  • 6.3 APPLICATION SOFTWARE
    INCREASING DEMAND FOR HIGH-PERFORMANCE COMPUTING TO DRIVE THE MARKET FOR APPLICATION SOFTWARE
  • 6.4 SERVICES
    QUANTUM COMPUTING AS A SERVICE (QCAAS)
    - Increased number of companies offering QCaaS owing to growing demand for cloud-based systems and services
    CONSULTING SERVICES
    - Customized roadmaps helping clients understand benefits of quantum computing technology
QUANTUM COMPUTING MARKET, BY DEPLOYMENT
78
  • 7.1 INTRODUCTION
  • 7.2 ON-PREMISES
    RISING DEPLOYMENT OF ON-PREMISES QUANTUM COMPUTERS BY ORGANIZATIONS TO ENSURE DATA SECURITY
  • 7.3 CLOUD
    INCREASING PREFERENCE FOR CLOUD QUANTUM COMPUTING TO PERFORM R&D USING DIFFERENT APPROACHES
QUANTUM COMPUTING MARKET, BY APPLICATION
84
  • 8.1 INTRODUCTION
  • 8.2 OPTIMIZATION
    GROWING USE OF QUANTUM ALGORITHMS TO SOLVE OPTIMIZATION PROBLEMS
  • 8.3 MACHINE LEARNING
    RISING USE OF MACHINE LEARNING IN VARIOUS INDUSTRIES AND SECTORS
  • 8.4 SIMULATION
    INCREASING ADOPTION OF QUANTUM COMPUTING SIMULATION TO STUDY AND DEVELOP QUANTUM ALGORITHMS AND TEST PERFORMANCE OF QUANTUM HARDWARE
  • 8.5 OTHER APPLICATIONS
QUANTUM COMPUTING MARKET, BY TECHNOLOGY
93
  • 9.1 INTRODUCTION
  • 9.2 SUPERCONDUCTING QUBIT
    PRESENCE OF SUPERCONDUCTING QUBITS IN SERIES OF QUANTIZED ENERGY STATES
  • 9.3 TRAPPED ION
    GROWING USE OF TRAPPED ION TECHNOLOGY IN QUANTUM COMPUTERS
  • 9.4 QUANTUM ANNEALING
    RISING USE OF QUANTUM ANNEALING TECHNOLOGY TO SOLVE OPTIMIZATION PROBLEMS IN ENTERPRISES
  • 9.5 PHOTONIC NETWORK
    RISING USE OF QUANTUM ANNEALING TECHNOLOGY TO SOLVE OPTIMIZATION PROBLEMS IN ENTERPRISES
  • 9.6 OTHER TECHNOLOGIES
QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY
102
  • 10.1 INTRODUCTION
  • 10.2 SPACE & DEFENSE
    RISING USE OF QUANTUM COMPUTING TO PERFORM MULTIPLE OPERATIONS SIMULTANEOUSLY
  • 10.3 BANKING AND FINANCE
    RISING USE OF QUANTUM COMPUTING FOR RISK MODELLING
  • 10.4 HEALTHCARE AND PHARMACEUTICAL
    GROWING DEMAND FOR ROBUST AND AGILE COMPUTING TECHNOLOGY FOR DRUG SIMULATION INEFFICIENT AND TIMELY MANNER
  • 10.5 ENERGY & POWER
    INCREASED REQUIREMENT TO DEVELOP NEW ENERGY SOURCES AND OPTIMIZE ENERGY DELIVERY PROCESS
  • 10.6 CHEMICALS
    GROWING ADOPTION OF QUANTUM COMPUTING TO OPTIMIZE LARGE-SCALE PROCESSES USED IN PHARMACEUTICAL AND CHEMICAL MANUFACTURING
  • 10.7 TRANSPORTATION AND LOGISTICS
    RISING USE OF QUANTUM-BASED APPROACHES TO OPTIMIZE TRAFFIC FLOW
  • 10.8 GOVERNMENT
    INCREASED USE OF QUANTUM COMPUTING TO SOLVE PRACTICAL PROBLEMS OF CLIMATE CHANGE AND TRAFFIC MANAGEMENT
  • 10.9 ACADEMIC
    RISE IN INTEGRATION OF QUANTUM COMPUTING FOR SCIENCE RESEARCH ACTIVITIES
QUANTUM COMPUTING MARKET, BY REGION
119
  • 11.1 INTRODUCTION
  • 11.2 NORTH AMERICA
    US
    - High adoption of new and advanced technologies to drive market
    CANADA AND MEXICO
    - Increased government investments in development of new technologies to drive market
    RECESSION IMPACT ON NORTH AMERICA
  • 11.3 EUROPE
    UK
    - Government initiatives and development in research institutes to drive demand
    GERMANY
    - Government initiatives to increase awareness regarding importance of quantum computing technology
    FRANCE
    - Rising demand for advanced technologies to ensure secure communication in various industries and sectors
    NETHERLANDS
    - Rising initiatives to develop quantum computing technology
    REST OF EUROPE
    RECESSION IMPACT ON EUROPE
  • 11.4 ASIA PACIFIC
    CHINA
    - Increased government-led support and initiatives to develop quantum computers
    JAPAN
    - Increased focus on deployment of emerging technologies
    SOUTH KOREA
    - Growing adoption by key consumer electronics manufacturers to drive market
    REST OF ASIA PACIFIC
    RECESSION IMPACT ON ASIA PACIFIC
  • 11.5 ROW
    SOUTH AMERICA
    - Brazil Quantum to drive market
    GCC
    - Government funding for R&D to drive market
    REST OF MIDDLE EAST & AFRICA
    - Rising initiatives to increase awareness regarding quantum computing
    RECESSION IMPACT ON ROW
COMPETITIVE LANDSCAPE
142
  • 12.1 INTRODUCTION
  • 12.2 KEY STRATEGIES ADOPTED BY MAJOR COMPANIES
  • 12.3 MARKET REVENUE ANALYSIS
  • 12.4 MARKET SHARE ANALYSIS
  • 12.5 VALUATION AND FINANCIAL METRICS OF QUANTUM COMPUTING MARKET
  • 12.6 BRAND/PRODUCT COMPARATIVE ANALYSIS
  • 12.7 COMPANY EVALUATION MATRIX, KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
  • 12.8 QUANTUM COMPUTING MARKET: COMPANY FOOTPRINT
  • 12.9 COMPANY EVALUATION MATRIX, STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
  • 12.10 COMPETITIVE BENCHMARKING
  • 12.11 COMPETITIVE SCENARIOS AND TRENDS
    PRODUCT LAUNCHES/DEVELOPMENTS
    DEALS
COMPANY PROFILES
161
  • 13.1 KEY PLAYERS
    IBM
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    D-WAVE QUANTUM INC.
    - Business overview
    - Products offered
    - Recent developments
    - Others
    - MnM view
    MICROSOFT
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - Others
    - MnM view
    AMAZON WEB SERVICES (AWS)
    - Business overview
    - Products/Solutions/Services Offered
    - Recent developments
    - MnM view
    RIGETTI COMPUTING
    - Business overview
    - Products/Solutions/Services Offered
    - Recent developments
    - MnM view
    GOOGLE
    - Business overview
    - Products/Solutions/Services Offered
    - Recent developments
    INTEL
    - Business overview
    - Products/Solutions/Services Offered
    - Recent developments
    TOSHIBA
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - Others
    QUANTINUUM
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    QC WARE
    - Business overview
    - Products/Solutions/Services Offered
    - Recent developments
    IONQ
    - Business overview
    - Products/Solutions/Services Offered
    - Recent developments
    - Others
  • 13.2 OTHER PLAYERS
    1QB INFORMATION TECHNOLOGIES
    HUAWEI
    BOSCH
    NEC
    ALPINE QUANTUM TECHNOLOGIES GMBH (AQT)
    NIPPON TELEGRAPH AND TELEPHONE CORPORATION (NTT)
    HITACHI
    NORTHROP GRUMMAN
    ACCENTURE
    FUJITSU
    ZAPATA COMPUTING
    XANADU
    RIVERLANE
    QUANTUM COMPUTING INC
    EVOLUTIONQ
    ANYON SYSTEMS
    PSIQUANTUM
    ALGORITHMIQ
    PHASECRAFT
    HQS QUANTUM SIMULATIONS
    STRANGEWORKS INC.
APPENDIX
230
  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.3 CUSTOMIZATION OPTIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 MAJOR INVESTMENT DEALS IN QUANTUM COMPUTING MARKET
  • TABLE 2 COMPARISON OF QUANTUM COMPUTERS WITH CLASSICAL COMPUTERS IN TERMS OF SPEED
  • TABLE 3 AVERAGE SELLING PRICE OF QUANTUM COMPUTING SYSTEMS
  • TABLE 4 QUANTUM COMPUTING MARKET: ROLE IN ECOSYSTEM
  • TABLE 5 PATENT REGISTRATIONS, 2019–2022
  • TABLE 6 TOP 20 PATENT OWNERS, 2013–2023
  • TABLE 7 QUANTUM COMPUTING MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
  • 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
  • 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
  • TABLE 15 QUANTUM COMPUTING MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
  • TABLE 17 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • TABLE 18 QUANTUM COMPUTING MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 19 QUANTUM COMPUTING MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 20 QUANTUM COMPUTING MARKET, BY PROCESSOR, 2020–2023 (USD MILLION)
  • TABLE 21 QUANTUM COMPUTING MARKET, BY PROCESSOR, 2024–2029 (USD MILLION)
  • TABLE 22 QUANTUM COMPUTING MARKET, BY OFFERING, 2020–2023 (UNITS)
  • TABLE 23 QUANTUM COMPUTING MARKET, BY OFFERING, 2024–2029 (UNITS)
  • TABLE 24 QUANTUM COMPUTING MARKET FOR SERVICES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 25 QUANTUM COMPUTING MARKET FOR SERVICES, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 26 QUANTUM COMPUTING MARKET FOR QUANTUM COMPUTING AS A SERVICE, BY TECHNOLOGY, 2020–2023(USD MILLION)
  • TABLE 27 QUANTUM COMPUTING MARKET FOR QUANTUM COMPUTING AS A SERVICE, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 28 QUANTUM COMPUTING MARKET FOR CONSULTING SERVICES, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 29 QUANTUM COMPUTING MARKET FOR CONSULTING SERVICES, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 30 QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
  • TABLE 31 QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
  • TABLE 32 ON-PREMISES: QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 33 ON-PREMISES: QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2024–2029(USD MILLION)
  • TABLE 34 CLOUD: QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 35 CLOUD: QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 36 QUANTUM COMPUTING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 37 QUANTUM COMPUTING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 38 OPTIMIZATION: QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 39 OPTIMIZATION: QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 40 MACHINE LEARNING: QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 41 MACHINE LEARNING: QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 42 SIMULATION: QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 43 SIMULATION: QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 44 OTHER APPLICATIONS: QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 45 OTHER APPLICATIONS: QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 46 QUANTUM COMPUTING MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
  • TABLE 47 QUANTUM COMPUTING MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
  • TABLE 48 SUPERCONDUCTING QUBIT: QUANTUM COMPUTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
  • TABLE 49 SUPERCONDUCTING QUBIT: QUANTUM COMPUTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 50 TRAPPED ION: QUANTUM COMPUTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
  • TABLE 51 TRAPPED ION: QUANTUM COMPUTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 52 QUANTUM ANNEALING: QUANTUM COMPUTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
  • TABLE 53 QUANTUM ANNEALING: QUANTUM COMPUTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 54 PHOTONIC NETWORK: QUANTUM COMPUTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
  • TABLE 55 PHOTONIC NETWORK: QUANTUM COMPUTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 56 OTHER TECHNOLOGIES: QUANTUM COMPUTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
  • TABLE 57 OTHER TECHNOLOGIES: QUANTUM COMPUTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 58 QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 59 QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 60 SPACE & DEFENSE: QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 61 SPACE & DEFENSE: QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 62 SPACE & DEFENSE: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
  • TABLE 63 SPACE & DEFENSE: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
  • TABLE 64 BANKING AND FINANCE: QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 65 BANKING AND FINANCE: QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 66 BANKING AND FINANCE: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
  • TABLE 67 BANKING AND FINANCE: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
  • TABLE 68 HEALTHCARE AND PHARMACEUTICAL: QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 69 HEALTHCARE AND PHARMACEUTICAL: QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 70 HEALTHCARE AND PHARMACEUTICAL: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
  • TABLE 71 HEALTHCARE AND PHARMACEUTICAL: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
  • TABLE 72 ENERGY & POWER: QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 73 ENERGY & POWER: QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 74 ENERGY & POWER: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
  • TABLE 75 ENERGY & POWER: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
  • TABLE 76 CHEMICALS: QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 77 CHEMICALS: QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 78 CHEMICALS: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
  • TABLE 79 CHEMICALS: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
  • TABLE 80 TRANSPORTATION AND LOGISTICS: QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 81 TRANSPORTATION AND LOGISTICS: QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 82 TRANSPORTATION AND LOGISTICS: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
  • TABLE 83 TRANSPORTATION AND LOGISTICS: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
  • TABLE 84 GOVERNMENT: QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 85 GOVERNMENT: QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 86 GOVERNMENT: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
  • TABLE 87 GOVERNMENT: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
  • TABLE 88 ACADEMIC: QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 89 ACADEMIC: QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 90 ACADEMIC: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2020–2023 (USD MILLION)
  • TABLE 91 ACADEMIC: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2024–2029 (USD MILLION)
  • TABLE 92 QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 93 QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 94 NORTH AMERICA: QUANTUM COMPUTING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 95 NORTH AMERICA: QUANTUM COMPUTING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 96 NORTH AMERICA: QUANTUM COMPUTING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 97 NORTH AMERICA: QUANTUM COMPUTING MARKET, BY APPLICATION, 2024–2029(USD MILLION)
  • TABLE 98 NORTH AMERICA: QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 99 NORTH AMERICA: QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 100 EUROPE: QUANTUM COMPUTING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 101 EUROPE: QUANTUM COMPUTING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 102 EUROPE: QUANTUM COMPUTING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 103 EUROPE: QUANTUM COMPUTING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 104 EUROPE: QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 105 EUROPE: QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 106 ASIA PACIFIC: QUANTUM COMPUTING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 107 ASIA PACIFIC: QUANTUM COMPUTING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 108 ASIA PACIFIC: QUANTUM COMPUTING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 109 ASIA PACIFIC: QUANTUM COMPUTING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 110 ASIA PACIFIC: QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 111 ASIA PACIFIC: QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 112 ROW: QUANTUM COMPUTING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 113 ROW: QUANTUM COMPUTING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 114 ROW: QUANTUM COMPUTING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 115 ROW: QUANTUM COMPUTING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 116 ROW: QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 117 ROW: QUANTUM COMPUTING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 118 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN QUANTUM COMPUTING MARKET
  • TABLE 119 DEGREE OF COMPETITION, QUANTUM COMPUTING MARKET (2023)
  • TABLE 120 MARKET RANKING ANALYSIS
  • TABLE 121 COMPANY FOOTPRINT
  • TABLE 122 COMPANY OFFERING FOOTPRINT
  • TABLE 123 COMPANY APPLICATION FOOTPRINT
  • TABLE 124 COMPANY END-USER INDUSTRY FOOTPRINT
  • TABLE 125 COMPANY REGION FOOTPRINT
  • TABLE 126 QUANTUM COMPUTING MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  • TABLE 127 QUANTUM COMPUTING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 128 QUANTUM COMPUTING MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, JANUARY 2020– MARCH 2024
  • TABLE 129 QUANTUM COMPUTING MARKET: DEALS, JANUARY 2020–MARCH 2024
  • TABLE 130 IBM: COMPANY OVERVIEW
  • TABLE 131 IBM: PRODUCT LAUNCHES
  • TABLE 132 IBM: DEALS
  • TABLE 133 D-WAVE QUANTUM INC.: COMPANY OVERVIEW
  • TABLE 134 D-WAVE QUANTUM INC.: PRODUCT LAUNCHES
  • TABLE 135 D-WAVE QUANTUM INC.: DEALS
  • TABLE 136 D-WAVE QUANTUM INC.: OTHERS
  • TABLE 137 MICROSOFT CORPORATION: COMPANY OVERVIEW
  • TABLE 138 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 139 MICROSOFT: PRODUCT LAUNCHES
  • TABLE 140 MICROSOFT: DEALS
  • TABLE 141 MICROSOFT: OTHERS
  • TABLE 142 AMAZON WEB SERVICES: COMPANY OVERVIEW
  • TABLE 143 AMAZON WEB SERVICE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 144 AMAZON WEB SERVICES: PRODUCT LAUNCHES
  • TABLE 145 AMAZON WEB SERVICES: DEALS
  • TABLE 146 AMAZON WEB SERVICES: EXPANSIONS
  • TABLE 147 RIGETTI COMPUTING: COMPANY OVERVIEW
  • TABLE 148 RIGETTI COMPUTING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 149 RIGETTI COMPUTING: PRODUCT LAUNCHES
  • TABLE 150 RIGETTI COMPUTING: DEALS
  • TABLE 151 RIGETTI COMPUTING: OTHERS
  • TABLE 152 GOOGLE: COMPANY OVERVIEW
  • TABLE 153 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 154 GOOGLE: PRODUCT LAUNCHES
  • TABLE 155 GOOGLE: DEALS
  • TABLE 156 INTEL: COMPANY OVERVIEW
  • TABLE 157 INTEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 158 INTEL: PRODUCT LAUNCHES
  • TABLE 159 INTEL: DEALS
  • TABLE 160 TOSHIBA: COMPANY OVERVIEW
  • TABLE 161 TOSHIBA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 162 TOSHIBA: DEALS
  • TABLE 163 TOSHIBA: OTHERS
  • TABLE 164 QUANTINUUM: COMPANY OVERVIEW
  • TABLE 165 QUANTINUUM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 166 QUANTINUUM: PRODUCT LAUNCHES
  • TABLE 167 QUANTINUUM: DEALS
  • TABLE 168 QC WARE: COMPANY OVERVIEW
  • TABLE 169 QC WARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 170 QC WARE: PRODUCT LAUNCHES
  • TABLE 171 QC WARE: DEALS
  • TABLE 172 IONQ: COMPANY OVERVIEW
  • TABLE 173 IONQ: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 174 IONQ: PRODUCT LAUNCHES
  • TABLE 175 IONQ: DEALS
  • TABLE 176 IONQ: OTHERS
LIST OF FIGURES
 
  • FIGURE 1 MARKET SEGMENTATION
  • FIGURE 2 PROCESS FLOW: QUANTUM COMPUTING MARKET ESTIMATION
  • FIGURE 3 RESEARCH DESIGN
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 6 DATA TRIANGULATION: QUANTUM COMPUTING MARKET
  • 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 QUANTUM COMPUTING 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
  • FIGURE 13 RISING INVESTMENTS IN DEVELOPMENT AND DEPLOYMENT OF QUANTUM COMPUTING TECHNOLOGY TO DRIVE MARKET
  • FIGURE 14 SYSTEM SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 15 CHINA DOMINATED ASIA PACIFIC QUANTUM COMPUTING MARKET IN 2023
  • FIGURE 16 SUPERCONDUCTING QUBIT SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 17 BANKING AND FINANCE SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 18 SOUTH KOREA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN QUANTUM COMPUTING MARKET
  • FIGURE 20 QUANTUM COMPUTING MARKET: DRIVERS AND THEIR IMPACT
  • FIGURE 21 INVESTMENTS IN QUANTUM TECHNOLOGY, 2015 TO 2023
  • FIGURE 22 QUANTUM COMPUTING MARKET: RESTRAINTS AND THEIR IMPACT
  • FIGURE 23 QUANTUM COMPUTING MARKET: OPPORTUNITIES AND THEIR IMPACT
  • FIGURE 24 NUMBER OF QUBITS ACHIEVED BY ORGANIZATIONS, 1998–2023
  • FIGURE 25 QUANTUM COMPUTING MARKET: CHALLENGES AND THEIR IMPACT
  • FIGURE 26 REVENUE SHIFT AND NEW REVENUE POCKETS IN QUANTUM COMPUTING MARKET
  • FIGURE 27 AVERAGE SELLING PRICE ANALYSIS, 2020–2029
  • FIGURE 28 AVERAGE SELLING PRICE OF QUANTUM COMPUTING AS A SERVICE OFFERED, BY THREE KEY PLAYERS
  • FIGURE 29 QUANTUM COMPUTING MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 30 QUANTUM COMPUTING MARKET: STAKEHOLDERS IN ECOSYSTEM
  • FIGURE 31 FUNDS AUTHORIZED BY COMPANIES IN QUANTUM COMPUTING MARKET
  • FIGURE 32 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICANTS, 2013–2023
  • FIGURE 33 NUMBER OF PATENTS GRANTED, 2013–2023
  • FIGURE 34 IMPORTS, BY KEY COUNTRIES, 2019−2022 (USD THOUSAND)
  • FIGURE 35 EXPORTS, BY KEY COUNTRIES, 2019−2022 (USD THOUSAND)
  • FIGURE 36 QUANTUM COMPUTING MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
  • FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • FIGURE 39 SERVICES SEGMENT TO ACCOUNT FOR LARGER SIZE OF QUANTUM COMPUTING MARKET FROM 2024 TO 2029
  • FIGURE 40 CLOUD SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 41 OPTIMIZATION TO BE LARGEST SEGMENT OF QUANTUM COMPUTING MARKET DURING FORECAST PERIOD
  • FIGURE 42 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN QUANTUM COMPUTING MARKET FOR OPTIMIZATION SEGMENT DURING FORECAST PERIOD
  • FIGURE 43 NORTH AMERICA TO HOLD LARGEST SHARE OF QUANTUM COMPUTING MARKET FOR MACHINE LEARNING SEGMENT DURING FORECAST PERIOD
  • FIGURE 44 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF QUANTUM COMPUTING MARKET FOR SIMULATION SEGMENT DURING FORECAST PERIOD
  • FIGURE 45 PHOTONIC NETWORK SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 46 QCAAS SUB-SEGMENT TO HOLD LARGER SHARE OF QUANTUM COMPUTING MARKET FOR SUPERCONDUCTING QUBIT SEGMENT DURING FORECAST PERIOD
  • FIGURE 47 QCAAS SUB-SEGMENT TO REGISTER HIGHER CAGR IN QUANTUM COMPUTING MARKET FOR TRAPPED ION SEGMENT DURING FORECAST PERIOD
  • FIGURE 48 QCAAS SUB-SEGMENT TO REGISTER HIGHER CAGR IN QUANTUM COMPUTING MARKET FOR QUANTUM ANNEALING SEGMENT DURING FORECAST PERIOD
  • FIGURE 49 BANKING AND FINANCE SEGMENT TO HOLD LARGEST SHARE OF QUANTUM COMPUTING MARKET DURING FORECAST PERIOD
  • FIGURE 50 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN QUANTUM COMPUTING MARKET FOR SPACE & DEFENSE SEGMENT DURING THE FORECAST PERIOD
  • FIGURE 51 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF QUANTUM COMPUTING MARKET FOR BANKING AND FINANCE SEGMENT DURING FORECAST PERIOD
  • FIGURE 52 SOUTH KOREAN QUANTUM COMPUTING MARKET TO REGISTER HIGHEST CAGR FROM 2024 TO 2029
  • FIGURE 53 NORTH AMERICA: SNAPSHOT OF QUANTUM COMPUTING MARKET
  • FIGURE 54 EUROPE: SNAPSHOT OF QUANTUM COMPUTING MARKET
  • FIGURE 55 ASIA PACIFIC: SNAPSHOT OF QUANTUM COMPUTING MARKET
  • FIGURE 56 GLOBAL QUANTUM COMPUTING MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020-2022
  • FIGURE 57 SHARE OF KEY PLAYERS IN QUANTUM COMPUTING MARKET, 2023
  • FIGURE 58 EV/EBITDA OF KEY VENDORS
  • FIGURE 59 QUANTUM COMPUTING MARKET: TOP TRENDING BRAND/PRODUCTS
  • FIGURE 60 QUANTUM COMPUTING MARKET: COMPANY EVALUATION MATRIX, KEY PLAYERS, 2023
  • FIGURE 61 QUANTUM COMPUTING MARKET, COMPANY EVALUATION MATRIX, STARTUPS/SMES, 2023
  • FIGURE 62 IBM: COMPANY SNAPSHOT
  • FIGURE 63 D-WAVE QUANTUM INC: COMPANY SNAPSHOT
  • FIGURE 64 MICROSOFT: COMPANY SNAPSHOT
  • FIGURE 65 AMAZON: COMPANY SNAPSHOT
  • FIGURE 66 RIGETTI COMPUTING: COMPANY SNAPSHOT
  • FIGURE 67 GOOGLE: COMPANY SNAPSHOT
  • FIGURE 68 INTEL: COMPANY SNAPSHOT
  • FIGURE 69 TOSHIBA: COMPANY SNAPSHOT
  • FIGURE 70 IONQ: COMPANY SNAPSHOT

The study involved four major activities in estimating the size of the quantum computing industry . 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 industry 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 industry . 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 industry .
  • Analyzing historical and current data pertaining to the size of the quantum computing market share 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 size, 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 industry .

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

Previous Versions of this Report

Quantum Computing Market 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 2028

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Quantum Computing Market by Offering (Systems and Consulting Solutions), End-User Industry, and Geography; QCaaS Market by Application (Optimization, Machine Learning, and Material Simulation) and Geography - Global Forecast to 2024

Report Code SE 5490
Published in Aug, 2017, By MarketsandMarkets™

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Growth opportunities and latent adjacency in Quantum Computing Market

Jane

Apr, 2022

I have a specific Interest in Commercialisation of quantum technologies .

Ishani

Apr, 2022

Interested in learning more about the quantum computing market. .

Peter

Apr, 2022

Photonics application for quantum computer qbit device fabrication .

Giovanni

Apr, 2022

To gain an insight of the economic perspectives of quantum computing, as an essential part of scientific planning (I am a professional physicist working in superconductivity).

Michal

Sep, 2022

Quantum simulation market size over years, use cases, most promising approaches..

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