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3. Quantum Computing Companies - IBM (US) and D-Wave Quantum Inc. (Canada) are the Key Players

The quantum computing market size is expected to grow from USD 1.3 billion in 2024 to USD 5.3 billion by 2029, with a CAGR of 32.7% from 2024 to 2029. Factors such as the rising investments by VC and government funds in quantum computing technology drive the market's growth during the forecast period.

A few key players in the quantum computing market include IBM (US), D-Wave Quantum Inc. (Canada), Microsoft (US), Amazon Web Services (US), Rigetti Computing (US), IonQ (US), QC Ware (US), ), QUANTINUUM (US), Toshiba (Japan), Google (US), Intel (US). Major strategies adopted by the company include product launches and development, expansions, collaborations, and acquisitions to compete in the quantum computing market. From January 2019 to February 2024, companies in the market have focused on organic strategies to expand the customer base in the market.

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

Major Quantum Computing companies include:

• 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)
• Northrop Grumman (US).

IBM (US)

IBM is a significant player in quantum computing, offers systems and services. The company has one of the world's largest fleets of cloud-accessible quantum computers, allowing researchers and developers to access these machines remotely. IBM's open-source software platform, Qiskit, provides the necessary libraries and tools to program these quantum computers. To foster collaboration and knowledge sharing, IBM also runs the IBM Quantum Network, a program that connects companies, universities, and startups with IBM's quantum expertise and resources.

AMAZON WEB SERVICES (US)

Amazon Web Services (AWS) is one of the major players in the quantum computing arena. The company’s approach focuses on providing a platform for exploration and development rather than directly offering its own quantum hardware. The company offers access to quantum computing specialists and the option to work with consultants through the Amazon Quantum Solutions Lab. They've also established the AWS Center for Quantum Computing, which brings together experts to push the boundaries of the technology.

MICROSOFT (US)

Microsoft develops different software, services, devices, and solutions and offers after-sales support. The company provides access to existing quantum hardware through the cloud, invests heavily in future-proof qubit technology, and offers a comprehensive development environment with open-source tools. This strategy positions them for a strong role in the large-scale quantum computing landscape. Microsoft aims to develop a complete quantum computing solution, encompassing not just hardware but also software tools and development kits.

Related Reports:

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 2029

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