Quantum Computing Market size was valued at US$ 471.99 Mn. in 2021 and the total revenue is expected to grow at 30.3% through 2021 to 2029, reaching nearly US$ 3921.90 Mn.
Quantum Computing Market Overview
The Quantum Computing Market is growing at faster with substantial growth rates over the previous few years and it is estimated that the market can grow considerably within the forecasted period i.e., 2021 to 2029. The report provides Quantum Computing market drivers and restraints. The report helps in recognizing the drivers that are driving the market growth and discovering ways to use these drivers as strengths. Restraints can help you to identify characteristics that are restraining the market and help you identify them and decrease or improve them before they become an issue. Opportunities are created by external components like changes in the Quantum Computing market, and new consumer trends
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Quantum Computing Market Scope
The report provides the qualitative and qualitative analysis of the Quantum Computing Market based on segmentation. The segments provided in the Quantum Computing Market report are based on Quantum Computing. The market segmentation helps to understand the Quantum Computing structure easily. The regional insights highlight the use of Quantum Computing in the regions with factors including drivers, restraints, challenges and opportunities affecting the growth of the markets. The report includes the competitive landscape, which provides detailed information on the position of key players in the Quantum Computing with the partnerships, business growth and acquisitions.
Data was collected through Primary and Secondary research method from the Quantum Computing market. Secondary research includes sources such as company annual reports, presentations, technical handbooks and technical articles. Primary data was collected through questionnaires and telephonic interviews conducted in the Quantum Computing Market. Bottom-Up approach was used to estimate the Quantum Computing market size and various segmentation. Porter’s five forces analysis is included in the report, to help understand the Quantum Computing market through various perspectives.
Segmentation
Based on the Component, the global Quantum Computing market is sub-segmented into Hardware, Software, and Services. The Services segment is expected to grow at the highest CAGR of 30.2% during the forecast period. The increasing number of startups throughout the world investing in research & development connected to quantum computing technology might be attributed to the rise of this services market. This technology is utilized in optimization, simulation, and machine learning techniques, resulting in lower operating costs and more operational efficiencies in a number of industries.
North America held the largest market share of % in 2021. The rise of the market can be linked to an increase in investment in research institutions specializing in quantum information science. Google, IBM, and Microsoft are the front-runners in this field, investing much in R&D.
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Key Players
• D-Wave Systems Inc
• 1QB Information Technologies Inc.
• QxBranch LLC
• QC Ware Corp. and Research at Google-Google Inc.
• International Business Machines Corporation
• Lockheed Martin Corporation
• Intel Corporation
• Anyon Systems Inc.
• Cambridge Quantum Computing Limited
• Rigetti Computing
• Magiq Technologies Inc.
• Station Q – Microsoft Corporation
• IonQ
• Quantum Computing Software Start-ups
• Qbit
• Alibaba
• Ariste-QB.net
• Atos
• Q-Ctrl
• Qu and Co
• Quantum Benchmark
• SAP
• Turing
• Zapata
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Regional Analysis
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the Quantum Computing market. The regional analysis provided in our report helps you understand the Quantum Computing market in different regions. Every region has different factors such as political, geographic, economic, etc. which are affecting the Quantum Computing market. Local and regional development plans are often affected by the performance of Quantum Computing market. The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the Quantum Computing market.
Key Questions answered in the Quantum Computing Market Report are:
- What is Quantum Computing?
- What was the Quantum Computingmarket size in 2021?
- What is the expected Quantum Computingmarket size by 2029?
- What is the growth rate of the Quantum ComputingMarket?
- Which are the factors expected to drive the Quantum Computingmarket growth?
- Which segment dominated the Quantum Computingmarket growth?
- What is the demand pattern for the Quantum Computingmarket?
- Which region held the largest share in the Quantum Computingmarket?
- Who are the key players in the Quantum Computingmarket?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Quantum Computing
- Landscape- Leading key players and other prominent key players.
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