Quantum Computing Market Valuation is Expected to Surpass US$ 127.4 Bn by 2031

According to the most recent market research on quantum computing from Persistence Market Research. Market value is anticipated to grow swiftly at a 33.7% CAGR to reach US$ 127.4 billion by 2031. Over the next ten years, the services segment is expected to develop at the highest CAGR of 39%, making it the fastest-growing component segment in terms of value.

How are Rising Investments in Quantum Computing Technology Impacting Market Growth?

Quantum computing technology can change the dynamics in the strategic balance of power, military affairs, and commerce. Governments of different countries are planning to expand exploratory research on new technologies for the establishment and development of a quantum computing solutions. Rising governmental investments in quantum computing solutions for a vast array of applications are expected to boost sales of quantum computing components.

Get a Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/14758

Why is Need for High Level Computing Performance Gaining Traction in the Global Market?

Expanding datacenter workloads, growing preference for software-as-a-service (SaaS) business models, coupled with increasing complexity in processor designs of classical binary computing systems are key factors driving demand for quantum computing.

A classical binary computing system stores data in tiny transistors, and each of these transistors hold a single "bit" of information such as a 0 or a 1, whereas, quantum computing works on a phenomenon called superposition - that stores/process both a 1 and a 0 simultaneously, which is significantly more powerful compared to classical quantum computing systems.

For example: a classical computer that uses transistors will continue searching each line of a database until it finds the match for a specific search query, and then it will return the match.

Quantum computer processes data in qubits, and hence, it can search the entire database immediately by assessing each line concurrently. Thus, quantum computers work much faster compared to classic computers, and, as such, are anticipated to propel demand for quantum computing solutions.

Competitive Landscape

According to the Persistence Market Research's industry analysis, Huawei Technologies Co., Ltd., IBM Corporation, Google Inc. (Alphabet Inc.), Microsoft Corporation, and Intel Corporation are identified as key providers of quantum computing.

Quantum computing solution providers are partnering with leading providers of crypto-agile and quantum-?safe security solutions to resolve issues at first point of contact, and bring in significant improvements to current banking & financial services. They are generally seen to partner with companies who work with the necessary and latest technology, which would benefit the standard product of the company.

Request for TOC @ https://www.persistencemarketresearch.com/market-research/quantum-computing-market/toc

Companies

IBM Corporation
ColdQuanta
D-Wave Systems Inc.
Microsoft Corporation
Google
Intel Corporation
Atom Computing, Inc
Xanadu Quantum Technologies Inc.
Zapata Computing, Inc.
Strangeworks, Inc.
IonQ
Quantum Circuits, Inc.
Huawei
Quantum Computing Industry Survey by Category

By Component:
Quantum Computing Devices
Quantum Computing Software
Quantum Computing Services
Consulting Services
Implementation Services
Support & Maintenance

By Application:
Simulation & Testing
Financial Modeling
Artificial Intelligence & Machine Learning
Cybersecurity & Cryptography
Others

By Industry:
Quantum Computing for Healthcare & Life Sciences
Quantum Computing for Banking & Financial Services
Quantum Computing for Manufacturing
Quantum Computing for Academics & Research
Quantum Computing for Aerospace & Defense
Quantum Computing for Energy & Utilities
Quantum Computing for IT & Telecom
Others

Buy Report Now @ https://www.persistencemarketresearch.com/checkout/14758

Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.