In 2021, the global quantum computing market was valued at US$442.32 million> and is anticipated to grow to US$3295.97 million by 2027. For more: info@daedal-research.com
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Global Quantum Computing Market: Size, and Trends with Impact of COVID-19 and Forecast up to 2027
1. Global Quantum Computing Market: Analysis By
Component (Hardware, Software, and Services); By
Application (Optimization, Machine Learning, and
Material Simulation); By Technology
(Superconducting, Quantum Annealing, Trapped Ion,
Quantum Dot, and Others); By End-user (Finance &
Investment, Transportation & Logistics, Aerospace,
Agriculture, Automotive, Energy, Healthcare,
Information Technology, Life sciences, Manufacturing,
Oil, Gas, and Mining, and Others); By Region Size, and
Trends with Impact of COVID-19 and Forecast up to
2027
November 2022
2. Executive Summary and Scope
Introduction/Market Overview
Global Market Analysis
Regional Market Analysis
Impact Of COVID 19
Dynamics
Competitive Landscape
Company Profiling
Global Quantum Computing Market: Coverage
3. Global Quantum Computing Market : Coverage
Attributes Details
Title Global Quantum Computing Market: Analysis By Component (Hardware, Software, and Services); By Application (Optimization,
Machine Learning, and Material Simulation); By Technology (Superconducting, Quantum Annealing, Trapped Ion, Quantum Dot, and
Others); By End-user (Finance & Investment, Transportation & Logistics, Aerospace, Agriculture, Automotive, Energy, Healthcare,
Information Technology, Life sciences, Manufacturing, Oil, Gas, and Mining, and Others); By Region Size, and Trends with Impact of
COVID-19 and Forecast up to 2027
Coverage Global and Regional
Regional Coverage North America (The US, Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia Pacific (China,
Japan, India, and Rest of the Asia Pacific), Latin America, and Middle East and Africa
Market Influencing
Variables
Growth Drivers, Challenges, Market Trends
Forecast Period of
Market
2022-2027
Competition in the
Market
Fragmented
Key Players Amazon.Com, Inc. (Amazon Web Services, Inc.), Microsoft Corp. (Microsoft Azure), Alphabet Inc. (Google Cloud Platform), Alibaba
Group (Alibaba Cloud), IBM, Intel Corporation, Nvidia Corporation, Toshiba Corporation, Rigetti Computing, Quantum Computing
Inc., D-Wave Systems Inc., Zapata Computing, Xanadu Quantum Technologies Inc., QC Ware Corp., and Ion Q
Scope of the Report
4. Global Quantum Computing Market : Coverage
Quantum computing is an emerging technology that leverages the laws of quantum mechanics to address problems that are too complex for traditional
computers. The term 'Quantum' is derived from the physics concept of Quantum Mechanics, which describes the physical properties of electrons and
photons. The global quantum computing market in 2021 was valued at US$442.32 million. The market would reach US$3295.97 million by 2027, growing
at a CAGR of 39.88%, during the forecast period of 2022-2027.
The global quantum computing market can be segmented based on component (Hardware, Software, and Services); application (Optimization, Machine
Learning, and Material Simulation); technology (Superconducting, Quantum Annealing, Trapped Ion, Quantum Dot, and Others); and end-user
(Finance & Investment, Transportation & Logistics, Aerospace, Agriculture, Automotive, Energy, Healthcare, Information Technology, Life sciences,
Manufacturing, Oil, Gas, and Mining, and Others). Among the component, hardware segment lead the market with the maximum share, whereas
services segment is expected to be the highest growing component. North America is leading the global quantum computing market, driven by the
presence of key technology providers such as Google, Intel, IBM Corporation, and various others.
The COVID-19 breakout had a significant impact on the global growth of computing services. The alarming rise in COVID patients, as well as the
advent of new viral strains, has prompted the adoption of work-from-home and digitization. Rapid digitization and the adoption of smart software
boosted quantum technology adoption in 2020. The pandemic has emphasized society's need for faster optimization computations and more accurate
numerical models, both of which quantum computers excel at.
The global quantum computing market observed progressive growth in the past few years and anticipations are made that during the forecasted period
(2022-2027), the market would further augment at an escalating growth rate. The global quantum computing market growth is predicted to be
supported by numerous growth drivers such as rise in investments in quantum technology, increase in quantum computing start-ups, increasing
number of strategic partnerships & collaborations, increase in demand for high performance computing, increasing use of quantum computing in drug
development, and many other factors. Conversely, the market growth would be negatively impacted by various challenges such as high cost of
quantum computing solutions, stability and error-correction issue, etc. Moreover, the market growth would succeed to various market trends like
increasing adoption of cloud-based quantum computing, integration of quantum computing with IoT (internet of things), popularity of quantum
mechanics in cryptography, etc.
Executive Summary
5. Quantum Computing Market : Global Analysis
Global Quantum Computing Market by Value
Global quantum computing market was valued at US$... million in 2021 and is anticipated to reach up to US$... million by 2027 from US$...
million in 2022, with a CAGR of xx%.
CAGR
2017-2021 xx%
2022-2027 xx%
2017 2018 2019 2020 2021
US$
Million
2022 2023 2024 2025 2026 2027
US$
Million
6. Global Quantum Computing Market
by Component; 2021
Quantum Computing Market: Global Analysis
Global Quantum Computing Market
by Application; 2021
Component Share
Hardware xx%
Software xx%
Services xx%
Application Share
Optimization xx%
Machine Learning xx%
Material Simulation xx%
Global Quantum Computing Market
by Technology; 2021
Technology Share
Superconducting xx%
Quantum Annealing xx%
Trapped Ion xx%
Quantum Dot xx%
Others xx%
7. Global Quantum Computing Market by End-User; 2021
Quantum Computing Market: Global Analysis
End-User Share
Life sciences xx%
Finance & Investment xx%
Automotive xx%
Oil, Gas, & Mining xx%
Manufacturing xx%
Transportation & Logistics xx%
Aerospace xx%
Agriculture xx%
Energy xx%
Information Technology xx%
Healthcare xx%
Others xx%
8. Global Quantum Computing Market by Region; 2021
North America, xx%
Europe, xx%
Asia Pacific, xx%
Latin America, xx%
Middle East and Africa, xx%
Quantum Computing Market: Global Analysis
9. Quantum Computing Market: Component Analysis
Global Hardware Quantum Computing Market by Value
Global Software Quantum Computing Market by Value
Component CAGR
(2022-2027)
Hardware xx%
Software xx%
Services xx%
2022 2023 2024 2025 2026 2027
US$
Million
2022 2023 2024 2025 2026 2027
US$
Million
10. Quantum Computing Market: Application Analysis
Global Optimization Quantum Computing Market by Value
Global Machine Learning Quantum Computing Market by Value
2022 2023 2024 2025 2026 2027
US$
Million
2022 2023 2024 2025 2026 2027
US$
Million
Application CAGR
(2022-2027)
Optimization xx%
Machine Learning xx%
Material Simulation xx%
11. Quantum Computing Market: Technology Analysis
Global Superconducting Quantum Computing Market by Value
Global Quantum Annealing Computing Market by Value
2022 2023 2024 2025 2026 2027
US$
Million
2022 2023 2024 2025 2026 2027
US$
Million
Technology CAGR
(2022-2027)
Superconducting xx%
Quantum Annealing xx%
Trapped Ion xx%
Quantum Dot xx%
Others xx%
12. Quantum Computing Market: End-User Analysis
Global Life Sciences Quantum Computing Market by Value
Global Finance & Investment Quantum Computing Market by Value
2022 2023 2024 2025 2026 2027
US$
Million
2022 2023 2024 2025 2026 2027
US$
Million
End-User CAGR (2022-
2027)
Life sciences xx%
Finance & Investment xx%
Automotive xx%
Oil, Gas, & Mining xx%
Manufacturing xx%
Transportation & Logistics xx%
Aerospace xx%
Agriculture xx%
Energy xx%
Information Technology xx%
Healthcare xx%
Others xx%
13. Quantum Computing Market: Regional Analysis
North America Quantum Computing Market by Value
Europe Quantum Computing Market by Value
Region CAGR
(2022-2027)
North America xx%
Europe xx%
Asia Pacific xx%
Latin America xx%
Middle East and Africa xx%
2022 2023 2024 2025 2026 2027
US$
Million
2022 2023 2024 2025 2026 2027
US$
Million
14. North America Quantum Computing Market: An Analysis
North America Quantum Computing Market by Region; 2021
Region Share
(2021)
CAGR
(2022-2027)
The US xx% xx%
Canada xx% xx%
Mexico xx% xx%
15. The US Quantum Computing Market: End-User Analysis
The US Quantum Computing Market by End-User; 2021
End-User Share CAGR
(2022-2027)
Finance & Investment xx% xx%
Aerospace xx% xx%
Automotive xx% xx%
Energy xx% xx%
Others xx% xx%
16. Europe Quantum Computing Market: An Analysis
Europe Quantum Computing Market by Region; 2021
Region Share
(2021)
CAGR
(2022-2027)
Germany xx% xx%
UK xx% xx%
France xx% xx%
Italy xx% xx%
Spain xx% xx%
Rest of Europe xx% xx%
17. Asia Pacific Quantum Computing Market: An Analysis
Asia Pacific Quantum Computing Market by Region; 2021
Region Share
(2021)
CAGR
(2022-2027)
China xx% xx%
Japan xx% xx%
India xx% xx%
Rest of Asia Pacific xx% xx%
18. Global Quantum Computing Market: Dynamics
Growth Driver
•Rising Investment in Quantum Technology
•Increase in Demand for High Performance Computing
Challenges
•High Cost of Quantum Computing Solutions
•Stability and Error-correction Issue
Market Trends
•Increasing Adoption of Cloud-Based Quantum Computing
•Popularity of Quantum Mechanics in Cryptography
19. Global Quantum Computing Market: Competitive Landscape
Amazon.Com, Inc. (Amazon Web Services,
Inc.)
Microsoft Corp. (Microsoft Azure)
Alphabet Inc. (Google Cloud Platform)
Alibaba Group (Alibaba Cloud)
IBM
Intel Corporation
Nvidia Corporation
Players Profiled
Toshiba Corporation
Rigetti Computing
Quantum Computing Inc.
D-Wave Systems Inc.
Zapata Computing
Xanadu Quantum Technologies Inc.
QC Ware Corp.
Ion Q
20. Title : Global Quantum Computing Market: Analysis By Component (Hardware, Software, and Services); By
Application (Optimization, Machine Learning, and Material Simulation); By Technology (Superconducting,
Quantum Annealing, Trapped Ion, Quantum Dot, and Others); By End-user (Finance & Investment,
Transportation & Logistics, Aerospace, Agriculture, Automotive, Energy, Healthcare, Information Technology,
Life sciences, Manufacturing, Oil, Gas, and Mining, and Others); By Region Size, and Trends with Impact of
COVID-19 and Forecast up to 2027
Published : November 2022
Pages : 187
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