The Global Quantum Computing Market to Reach $1,765 million by 2026

The report "Quantum Computing Market by Offering (Systems and Services), Deployment (On Premises and Cloud Based), Application, Technology, End-use Industry and Region - Global Forecast to 2026", is expected to grow from USD 472 million in 2021 to USD 1,765 million by 2026, at a CAGR of 30.2%, published by MarketsandMarkets.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144888301

The report defines quantum computing as "the application of principles of quantum mechanics to computers and other electronic devices." This growth is due to the increasing demand for quantum computing applications in areas such as financial services, healthcare, and manufacturing.

What is quantum computing?

Quantum computing is a technology that uses quantum mechanical phenomena to solve problems faster than traditional computers. Quantum computers are different from regular computers in that they can perform a variety of computations that are not possible on a classical computer. This includes tasks like breaking encryption codes and finding the solutions to complex problems.

This market is growing rapidly due to the increasing demand for quantum-safe products and services. In addition, the growing demand for simulation and modeling tools is also contributing to the growth of the quantum computing market.

Browse 111 market data Tables and 51 Figures spread through 199 Pages and in-depth TOC on "Quantum Computing Market by Application, Technology, End-use Industry and Region - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/quantum-computing-market-144888301.html

Cloud based deployment to witness the highest growth in Quantum Computing market in coming years

Quantum computers are able to perform certain types of calculations using quantum bits, or qubits. These qubits are much more powerful than the ones used in traditional computers over cloud-based technology. They can also be in multiple states at the same time, which makes them extremely efficient when it comes to performing complex calculations.

The global quantum computing market is expected to grow due to the increasing demand for quantum-safe technologies and the growing number of academic and industrial research initiatives in this area. The report also points out that the development of new algorithms and software will help drive this market growth.

Quantum Computing Market by Offering breakdown

The quantum computing market is divided into three categories- software, hardware and services. The software category is expected to dominate the market with a share of 63%. This is because quantum computing software helps users develop and operate quantum computers.

The hardware category is expected to grow at the highest rate, owing to the increasing demand for large-scale quantum computers. This is because large-scale quantum computers are required for several important applications such as machine learning, chemistry and biology.

The services category is expected to grow at the fastest rate, owing to the increasing demand for cloud-based quantum computing services. This is because these services allow users to access quantum computing resources from anywhere in the world.

Key Market Players

The Quantum Computing market was dominated by International Business Machines (US), D-Wave Systems (Canada), Microsoft (US), Amazon (US), and Rigetti Computing (US).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

This release was published on openPR.