Overview and Scope
Enterprise quantum computing refers to a field of research concerned with the creation of computer-based technologies based on the ideas of quantum theory.
Sizing and Forecast
The enterprise quantum computing market size has grown exponentially in recent years. It will grow from $2.98 billion in 2023 to $3.83 billion in 2024 at a compound annual growth rate (CAGR) of 28.8%. The growth in the historic period can be attributed to rise in investments in quantum computing technology, growth in the number of skilled professionals, development of a regulatory framework, increased international collaboration, increased climate challenges.
The enterprise quantum computing market size is expected to see exponential growth in the next few years. It will grow to $10.83 billion in 2028 at a compound annual growth rate (CAGR) of 29.7%. The growth in the forecast period can be attributed to rise in gaming, expansion of aerospace, demand in financial trading, demand for agricultural processes, increase in manufacturing processes. Major trends in the forecast period include subscription-based quantum computing, quantum AI integration, quantum-inspired optimization, artificial reality, blockchain integration.
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Segmentation & Regional Insights
The enterprise quantum computing market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Deployment Mode: On-Premise, Cloud
3) By Technology: Quantum Annealing, Superconducting, Trapped Ion, Quantum Dot, Other Technologies
4) By Application: Machine Learning/Deep Learning/AI, Optimization, Simulation And Data Modelling, Cyber Security, Other Applications
5) By Industry Vertical: Healthcare And Life sciences, IT And Telecom, Manufacturing, BFSI, Energy And Utilities, Aerospace And Defense, Other Industries
North America was the largest region in the enterprise quantum computing market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise quantum computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing use of cloud computing is expected to propel the growth of the enterprise quantum computing market going forward. Cloud computing refers to a framework for providing ubiquitous, practical, on-demand network access to a pool of configurable computing resources that can be quickly deployed and released with no involvement from administration or service providers. The use of enterprise quantum computing allows organizations to optimize investment plans better, strengthen encryption, discover products, and do a variety of other things. Due to such benefits, there is a rise in demand for cloud computing. For instance, in December 2021, according to a report shared by Eurostat, a Luxembourg-based statistical office of the European Union, 42% of the European Union’s enterprises were using cloud computing, a 6-percentage point (pp) increase from 2020. Therefore, the increasing use of cloud computing will drive the growth of the enterprise quantum computing market.
Key Industry Players
Major companies operating in the enterprise quantum computing market report are Huawei Technologies Co. Ltd., Google LLC, Microsoft Corp., Alibaba Group Holding Limited, Amazon Web Services Inc., Raytheon Corp., Lockheed Martin Corp., IBM Corporation, Deloitte Touche Tohmatsu Limited, KPMG International Cooperative, NXP Semiconductors NV., Booz Allen Hamilton Corp., Reply S.p.A, Honeywell Quantum Solutions, Quantum Technology, PsiQuantum Inc., D-Wave Systems Inc., 1QBit Information Technologies Inc., Terra Quantum AG, Zapata Computing Inc., Rigetti Computing Inc., IonQ Inc., Classiq Technologies Inc., Phasecraft Ltd., Cambridge Quantum Computing, Xanadu Quantum Technologies Inc., Aegiq Inc., QuantrolOx Ltd., QMWare Inc., Archer Materials Limited
The enterprise quantum computing market report table of contents includes:
1. Executive Summary
2. Enterprise Quantum Computing Market Characteristics
3. Enterprise Quantum Computing Market Trends And Strategies
4. Enterprise Quantum Computing Market – Macro Economic Scenario
5. Global Enterprise Quantum Computing Market Size and Growth
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31. Enterprise Quantum Computing Market Other Major And Innovative Companies
32. Global Enterprise Quantum Computing Market Competitive Benchmarking
33. Global Enterprise Quantum Computing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Enterprise Quantum Computing Market
35. Enterprise Quantum Computing Market Future Outlook and Potential Analysis
36.Appendix
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