Know about the current trends that are driving the Enterprise Quantum Computing Market | Alibaba Group, D-Wave Systems Inc., Google, Huawei Technologies Co., Ltd., International Business Management Corporation (IBM), ID Quantique

According to a recent report Added by Premium Market Insights, titled, "Enterprise Quantum Computing Market by Component, Deployment, Technology, Application, Industry verticals: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global enterprise quantum computing market was valued at $650 million in 2017 and is projected to reach $5,853 million by 2025, growing at a CAGR of 31.7% from 2018 to 2025.

Increase in demand for enhanced computing performance for data analysis and rise in usage of simulation & modeling in healthcare, BFSI, and energy sector drive the market growth. In addition, rise in need for secure computing platforms, the influx of huge amounts of data, and the increase in adoption of quantum computing technologies by numerous industrial sectors are also expected to drive the market growth. However, several technological challenges associated with programming quantum computers, and developing the quantum algorithms are expected to hamper the growth of the enterprise quantum computing market during the forecast period.

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Based on component, the hardware segment dominated the overall enterprise quantum computing market share in 2017 and is expected to remain dominant during the forecast period, due to increase in investment into startups working on quantum computing hardware.

In 2017, the aerospace & defense segment accounted for the highest share of the global enterprise quantum computing market and is projected to remain dominant during the forecast period due to rise in investment by government organizations. However, the energy & utilities sector has grown significantly in last few years and is expected to attain the highest CAGR during the forecast period.

According to Research Analyst, ICT at Publisher, The rise in investment in quantum technology and increase in demand for high performance computing for data analysis are expected to offer growth in the upcoming years. Also, the emergence of on-premise quantum computers for commercial use is anticipated to offer lucrative opportunities for the enterprise quantum computing market.

Some of the key market players profiled in the report include Alibaba Group, D-Wave Systems Inc., Google, Huawei Technologies Co., Ltd., International Business Management Corporation (IBM), ID Quantique, Intel Corporation, Microsoft, Rigetti & Co, Inc., and Toshiba Research Europe Ltd.

Key Findings of the Enterprise Quantum Computing Market:

• By application, the optimization segment is expected to exhibit significant growth in the global enterprise quantum computing market during the forecast period.
• Based on industry verticals, the aerospace & defense segment generated the highest revenue in 2017.
• Based on region, Asia-Pacific is anticipated to be the fastest growing region for enterprise quantum computing market during the forecast period due to the presence of major players and increase in investments by government organizations.

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KEY MARKET SEGMENTS

By Component

Hardware
Quantum Processing Units (QPU)
Dilution Refrigerator
I/O Subsystem
Software
Services
Consulting Services
Training & Education
Support & Maintenance
Others

By Deployment

Cloud
On-premise

By Technology

Quantum Annealing (Adiabatic)
Superconducting
Trapped Ion
Quantum Dot
Others

By Application

Machine Learning/Deep learning/AI
Optimization
Simulation & Data Modelling
Cyber Security
Others

By Industry Verticals

Healthcare & Life Sciences
IT and Telecom
Manufacturing
BFSI
Energy & Utilities
Aerospace & Defense
Others

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players Profiled in the Report
Alibaba Group
D-Wave Systems Inc.
Google
Huawei Technologies Co. Ltd.
International Business Management Corporation (IBM)
ID Quantique
Intel Corporation
Microsoft
Rigetti & Co, Inc.
Toshiba Research Europe Ltd.

Key Benefits for Enterprise Quantum Computing Market:

• The study provides an in-depth analysis of the global enterprise quantum computing market along with current trends & future estimations to elucidate the imminent investment pockets.
• Information about the key drivers, restraints, and opportunities and their impact analyses on the market is provided.
• Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
• The quantitative analysis of the global enterprise quantum computing market from 2018 to 2025 is provided to determine the market potential.

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This release was published on openPR.