Quantum Computing Market, By System (Single Qubit Quantum System, and Multiple Qubit System), By Com

Published Date: | Report Code : IT2068942


Quantum Computing Market, By System (Single Qubit Quantum System, and Multiple Qubit System), By Component (Hardware, Software, Services), By Application (Cryptography, Simulation, Parallelism, Machine Learning, Algorithms, and Others), By Verticals (Automotive, Healthcare, BFSI, Telecommunication & IT, Energy & Power, Aerospace & Defense, and Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa, And South America) - Market Size & Forecasting (2016-2028)

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Report Code : IT2068942

Status : Upcoming

Quantum computing is a field of computing that focuses on the advancement of computer technology based on the concepts of quantum theory, which describes the atomic and subatomic behaviour of energy and materials. The development of new breakthroughs in medicine, life-saving drugs, machine learning methods for diagnosing diseases faster, materials for making more effective devices and structures, financial strategies for living well in retirement, and algorithms for directing resources such as ambulances quickly can be facilitated by quantum computers.

All computing systems depend on the fundamental ability to build and manipulate data. Individual bits are manipulated by current computers, and these computers then store the information as binary 0 and 1 states. For manipulating information, quantum computers leverage quantum mechanical phenomena. For this purpose, they rely upon quantum bits, or qubits.

In the geopolitical balance of power, military affairs, and commerce, quantum computing technology has the ability to transform dynamics. Exploratory research on emerging technology for the creation and advancement of quantum computing solutions is being developed by the governments of different countries. It is expected that increasing government investment in quantum computing solutions for a wide range of applications would fuel the growth of the global market for quantum computing.

In addition, quantum computing would be helpful in developing solutions to challenge various fields, as quantum computing is imminent for accelerating pharmaceutical innovations and for enhancing the accuracy of atmospheric models to illustrate climate change. Further, the automotive, electronics, and aerospace industries benefit from favourable material strength-to-weight ratios, higher battery energy densities, and more reliable catalytic and synthetic processes. 

The discovery of new medicines and genetically customised therapies, as well as DNA research due to quantum computing, would benefit the healthcare sector. Quantum programming entails threats, but also advancements in data encryption, such as the new Quantum Key Distribution (QKD) method. This is a modern technique for transmitting confidential information that identifies intruders in the device using light signals. Therefore, it is used in cybersecurity application.  

Quantum computing does not have its own programming code and needs very specific algorithms to be created and implemented. However, the traditional programming has standardised languages such as Java, SQL and Python, to name a few. Unlike personal computers (PCs), quantum computers are not designed for everyday use. These supercomputers are so complicated that they are mostly used in the fields of business, science, and technology.

The Asia Pacific region is expected to grow significantly with a higher CAGR over the forecast period. For many sectors including healthcare, finance, automotive, and chemicals, Asia Pacific is a leading region. This region is the world's leading producer of automobiles. Countries such as China, Japan, and South Korea are also the leading producers of consumer electronic devices in this region, including smartphones, laptops, and gaming consoles.

However, different application-related complications, such as optimization, content simulation, and machine learning, need to be solved across these industries. Due to the presence of developing economies in the Asia Pacific region, extensive growth in quantum computing is expected through the use of advanced technologies in the manufacturing sector and developments in large and medium-sized enterprises. This factor is boosting the growth of the quantum computing market in the region.

What does this Report Provide?

This report provides a detailed understanding of the global quantum computing demand from a qualitative and quantitative perspective with a forecast for the next 10 years. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the global quantum computing market. The major market drivers, challenges, and opportunities for the global quantum computing market have also been covered in the market. This report also includes the market share of the leading companies operating in the quantum computing market, along with their production capacities and the growth strategies adopted by them.

Market Segmentation:

By System:

  • Single Qubit Quantum System
  • Multiple Qubit System

By Component:

  • Hardware
  • Software 
  • Services

By Application:

  • Cryptography
  • Simulation
  • Parallelism
  • Machine Learning
  • Algorithms
  • Others

By Verticals:

  • Automotive
  • Healthcare
  • BFSI
  • Telecommunication & IT
  • Energy & Power
  • Aerospace & Defense
  • Others

By Region:

 North America Quantum Computing Market

  • North America, by Country
    • US
    • Canada
    • Mexico
  • North America, by System 
  • North America, by Component 
  • North America, by Application 
  • North America, by Verticals 

 Europe Quantum Computing Market

  • Europe, by Country
    • Germany
    • Russia
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe 
  • Europe, by System 
  • Europe, by Component 
  • Europe, by Application 
  • Europe, by Verticals 

 Asia Pacific Quantum Computing Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific 
  • Asia Pacific, by System 
  • Asia Pacific, by Component 
  • Asia Pacific, by Application 
  • Asia Pacific, by Verticals

 Middle East & Africa Quantum Computing Market

  • Middle East & Africa, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East & Africa, by System 
  • Middle East & Africa, by Component 
  • Middle East & Africa, by Application 
  • Middle East & Africa, by Verticals

 South America Quantum Computing Market

  • South America, by Country 
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • South America, by System 
  • South America, by Component 
  • South America, by Application 
  • South America, by Verticals

 Major Companies: In this report, the following major companies are studied: Cambridge Quantum Computing Ltd., IBM Corporation, Intel Corporation, Lockheed Martin Corporation, Microsoft Corporation, D-Wave Systems Inc., Qxbranch, Inc., Rigetti & Co, Inc., Toshiba Quantum Information group, 1QB Information Technologies, Inc., Atom Computing, QuintessenceLabs, and others.

 Objectives of this Report:

  • To estimate the market size for the quantum computing market on a regional and global basis.
  • To identify major segments in the quantum computing market and evaluate their market shares and demand.
  • To provide a competitive scenario for the quantum computing market with major developments observed by key companies in the historic years.
  • To evaluate key factors governing the dynamics of quantum computing market with their potential gravity during the forecast period.


This study is customized to meet your specific requirements:

  • By sub-segment
  • By client specific country, type and application market analysis
  • Pricing analysis along with the potential list of customers
  • Product specific competitive analysis

For more information, contact: [email protected]

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