Quantum Computing Market Comprehensive Study On Latest Innovation By Quantum Circuits, Inc., Rigetti Computing, Qubitekk, Inc., Toshiba Research Europe Limited, Booz Allen Hamilton, Intel Corporation, Hewlett Packard Enterprise, Google, 1Qbit, QxBranch, QC Ware Corp.
Quantum computing are computing systems that use quantum bits, or qubits, to encode information as 0s, 1s, or both at the same time, unlike conventional digital computers. These systems make direct use of quantum-mechanical phenomena, such as superposition and entanglement, to perform operations on data which enables them to analyze and manipulate large combinations of data at once.
The factors which are driving the growth of the market include increasing adoption of quantum computing in the defense and automotive industry and increasing investment by government entities.
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Global Quantum Computing Market accounted for USD 88.1 billion in 2016 growing at a CAGR of 29.1% during the forecast period of 2017 to 2024.
The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Market Research Report On “Global Quantum Computing Market, By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa), By Revenue Source (Hardware, Software, Services); By Application (Simulation, Optimization, Sampling) By End-Users (Defense, Healthcare & Pharmaceuticals, Chemicals, Banking & Finance, Energy & Power)” 2019 Industry Trends and Forecast to 2024
Some of the major players of the global quantum computing market are
D-Wave Systems Inc., International Business Machines Corporation, Anyon Systems Inc., Cambridge Quantum Computing Limited, QC Ware, Corp., Qxbranch, 1qb Information, Chnologies, Magiq Technologies, Google Inc., Stationq-Microsoft, Intel Corporation, Booz Allen Hamilton Inc., Hewlett Packard, Toshiba Research Europe Ltd., QbitLogic, QuantumCTek Co., Ltd, SPARROW QUANTUM A/S, Qubitekk, Tokyo Quantum Computing, Quantum Circuits, Inc., Rigetti Computing, among others.
Major market drivers:
- Rising Incidences of Cybercrime
- Increasing Adoption of Quantum Computing in the Defense and Automotive Industry
- Increasing Investment By Government
- Technological developments in Quantum Computing
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The report for quantum computing market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.
The report also measures technology life line curve and market time line to analyze and do more affective investments.
Quantum Computing Market Market Segmentation:
The quantum computing market is segmented on the basis of revenue source into :
- software and services.
The global quantum computing market is also segmented on the basis of applications into :
On the basis of end user the global quantum computing market is further segmented into :
- healthcare & pharmaceuticals,
- banking & finance,
- and energy & power.
On the basis of geography, global quantum computing market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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