Quantum Computing Market: Bottlenecks in Traditional Computing Expected to Favor Growth Avenues

Scope of quantum computers in rendering functional assistance across domains such as chemicals, healthcare, and finance amongst others lends impetus to the growth of quantum computing market, still in its infancy. In its recent research report offering titled, ‘Quantum Computing: Technologies and Global Markets to 2022’, Market Research hub (MRH) attempts to evaluate the implications of ongoing developments on the growth of quantum computing market.

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Advances in Research Activities to Steer Growth in Quantum Computing Market

Limitations associated with contemporary computers have triggered industry veterans to invest reasonably in procuring precise technological solutions in quantum computing. Elaborate research and development activities undertaken by leading vendors in quantum computing market will likely support commercialization of quantum computing.

As a milestone in quantum computing, industry behemoth Intel has recently unleashed its 49-qubit quantum test chip, Tangle Lake at Consumer Electronic Show, 2018. The event marked significant development in quantum computing that promises to leverage potential advancements in quantum computing that can aptly address present limitations of conventional computers.

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 Further, in a recent development, Japanese tech giant MDR Corporation has sealed a deal with quantum computing pioneer, D-Wave. As part of the agreement, the former will gain access to D-Wave's quantum computers to spearhead their endeavors in quantum computing applications aimed at machine learning. The venture is envisaged to accelerate operations in myriad verticals such as finance and drug development.

Exhaustive summary of research components compiled in the report allow readers to gain firsthand information on market segments exhibited in quantum computing market. Based on research output, this section of the report enlists type, application, and end-use as chief segments functional in quantum computing market. Based on type, quantum computing market exhibits qubits as the singular segment prevalent in quantum computing.

 On the basis of application, quantum computing market is sectioned as quantum simulation, quantum-assisted optimization, and quantum sampling. Based on end-use, quantum computing market is bifurcated as research, military, healthcare, finance, transport, and geology amongst several others. In-depth summary of research components highlighted in the report enable readers to comprehend the impact of segments in triggering growth in quantum computing market, besides allowing readers to identify the segment associated with maximization of revenues in quantum computing market.

Further, the report also offers descriptive overview of various business practices employed by core market players in various regions of quantum computing market. The report allows readers to draw veritable insights on the impact of these practices in influencing end-user response.

Competitive Landscape: Quantum Computing Market

Crucial insights briefed in the report allow readers to gain firsthand information about the efficacies of business practices in influencing end-user response such as their purchase discretion. Market players in quantum computing market can facilitate detailed analysis of these strategies to decipher pertinent inferences. Based on these inferences market players in quantum computing market can facilitate effective profit oriented investment decisions that promise sustenance and escalated revenues in quantum computing market. Key players identified in quantum computing market include, D-Wave Systems, Intel Corp., International Business Machines Corp., Microsoft, and Amgen Inc.       

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This release was published on openPR.