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Quantum Computing Market 2020 Precise Outlook – Microsoft, Google, Intel, IBM and D-wave system and Other.

08-18-2020 03:21 PM CET | IT, New Media & Software

Press release from: Market Insights Reports

Quantum Computing Market

Quantum Computing Market

The Global Quantum Computing Market, valued at USD 101.12 Million in the year 2019.

Global Quantum Computing Market Report covers market characteristics, size, share, growth, segmentation, trend, regional forecast, competitive landscape, market, development strategies and forecast to 2025.At present, the market is developing its presence and some of the key players profiled in the report include Microsoft, Google, Intel, IBM and D-wave system and Other.

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Global Quantum Computing Market Report comprises of analysis of vendor profile, which includes financial status, business units, key business priorities, SWOT, business strategies, and views. The report covers the competitive landscape, which includes M&A, joint ventures and collaborations, and competitor comparison analysis.

The Global Quantum Computing Market, valued at USD 101.12 Million in the year 2019 has been witnessing unprecedented growth in the last few years on the back of need for secure communication and digitization. Quantum Computing is the use of quantum-mechanical phenomena and it promises to address problems that conventional computing solutions cannot handle. Increasing need for secure communication and digitization and race to make Quantum computer commercially feasible among the leading countries is one of the major reasons behind the increasing Quantum Computing market globally. Additionally, emergence of advance applications, need for secure communication and digitization is likely to supplement the Quantum Computing market value in the near future.

Industry News:

May 19, 2020: Microsoft today announced that Azure Quantum, its partner-centric quantum computing platform for developers who want to get started with quantum computing, is now in limited preview. First announced at Microsoft Ignite 2019, Azure Quantum brings together the hardware from IonQ, Honeywell, QCI and Microsoft, services from the likes of 1QBit, and the classical computing capabilities of the Azure cloud. With this move to being in limited preview, Microsoft is now opening the service up to a small number of select partners and customers.

At its current stage, quantum computing isn’t exactly a mission-critical capability for any business, but given how fast things are moving and how powerful the technology will be once it’s matured a bit over the next few years, many experts argue that now is the time to get started — especially because of how different quantum computing is from classical computing and how it will take developers a while to develop.

Aug 18, 2020: Microsoft Says You Can Have Quantum Computing Impact Today
Simulating specific features of a quantum computer on today’s “classical” computers leads to “quantum-inspired” algorithms that mimic certain quantum behaviors. This enables organizations to start realizing some of the benefits of quantum computing and learning more about this promising emerging technology before fully-scaled quantum hardware becomes available.

“We can have quantum impact right now,” says Krysta Svore, General Manager of Quantum Software at Microsoft. “Quantum-inspired solutions allow you to have improvements today,” she adds. Svore received her Ph.D. in computer science from Columbia and a B.A. in mathematics from Princeton, where she first encountered quantum computing in a seminar on cryptography and realized that “there is a different model of computation that could unlock solutions to problems that we couldn’t expect to unlock with classical computers.”

October 23, 2019: Google officially lays claim to quantum supremacy

Quantum supremacy is here, researchers from Google claim.

For the first time, a quantum computer has solved a problem that can’t be performed by a standard computer — at least not within a reasonable amount of time — Google announced October 23. This milestone, known as quantum supremacy, is a long-anticipated step toward useful quantum computers.

The researchers performed the task with a chip consisting of only 53 qubits, the quantum version of the bits found in everyday computers. “It’s fascinating that we can do something so powerful with such a small chip,” says quantum physicist Mária Kieferová of the University of Technology Sydney, who was not involved with the study.

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Among the solution type in the Quantum Computing market (Hardware, Software and Full Stack), all the three are gaining popularity globally and is expected to keep growing in the forecast period. Companies are likely to make major investment in hardware and software individually than on full stack.

Among Application (Optimization, Simulation, Sampling, Machine learning), optimization will be the mostly used application in Quantum computing and is expected to keep grow in future. And Machine learning will also show rapid growth. Among End User (Aerospace & Defense, BFSI, R&D, Healthcare, and Others), Aerospace and defense is leading the end user of quantum computing, and in future we can expect BFSI to use Quantum computing more. All the end-user sectors users are expected to use more of QC in the near future.

The North American market is expected to lead the global market in the forecast period because of intensive investment on research and development of Quantum computers. Additionally, support by government and race for quantum supremacy is expected to infuse market growth tremendously. Additionally, the major involvement of technology leaders such as IBM Corporation, Google, and Intel will be fuelling the growth of Quantum computing market.

Some of the Major Highlights of TOC covers:
Executive Summary

• Global Quantum Computing market Consumption Comparison by Applications (2015-2025)
• Global Quantum Computing market Revenue (2015-2025)
• Global Quantum Computing market Share by Players (2015-2025)
• United States Quantum Computing market Status and Prospect (2015-2025)
• Europe Quantum Computing market Status and Prospect (2015-2025)
• China Quantum Computing market Status and Prospect (2015-2025)
• Japan Quantum Computing market Status and Prospect (2015-2025)
• Southeast Asia Quantum Computing market Status and Prospect (2015-2025)
• Middle East & Africa Quantum Computing market Status and Prospect (2015-2025)
Development Plants Analysis of Quantum Computing
• Global Quantum Computing market Development Plants Distribution
• Major Players and Market Position of Quantum Computing market
• Recent Development and Expansion Plans
Key Figures of Major Players
• Quantum Computing market Consumption and Capacity Analysis
• Quantum Computing market Revenue Analysis
• Quantum Computing market Price Analysis
• Market Concentration Degree

In the end, it includes the methodical description of the various factors such as the market growth and detailed information about the different company’s revenue, growth, global developments and the various other strategic developments. Thus, the Quantum Computing Market Report serves as a valuable material for all industry competitors and individuals having a keen interest in Quantum Computing Market study.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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