Enterprise Quantum Computing Market Dynamics, Segments and Trends in the 2023-2031

The global enterprise quantum computing market revenue was US$ 1,777.95 million in 2021. The global enterprise quantum computing market revenue is forecast to reach US$ 18,356.45 million by 2030, growing at a compound annual growth rate (CAGR) of 29.7% during the forecast period from 2022 to 2030.

Quantum computers use technology based on quantum phenomena and are fundamentally different from conventional computers. In contrast to classical computers, it processes data using quantum bits (qubits).

Factors Influencing Market Growth

Due to its ability to perform complex calculations better than classical computers, quantum computing is majorly fueling the growth of the global enterprise quantum computing market.

A growing need for secure platforms and an increase in quantum computing simulations and modeling are forecast to fuel the growth of the global enterprise quantum computing market.

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During the forecast period, operational challenges and error correction issues related to quantum computing may impact the global market growth.

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Quantum computing on-premises and technological advancements in quantum computing are forecast to provide opportunities for the global enterprise quantum computing market growth in the near future.
Increasing investment in quantum computing, an increase in high-performance computing demand, and the growth of medical research and financial markets are forecast to drive the global enterprise quantum computing market growth.

Impact Analysis of COVID-19

Covid-19 has devastated many industries but had a significant impact on the enterprise quantum computing market. Quantum computing helps various sectors in the pandemic phase like healthcare, research, and development by enabling remote working and various research projects such as drug development.

Regional Insights

The Asia Pacific is forecast to grow at the highest CAGR in the global enterprise quantum computing market during the forecast period. Health and pharmaceuticals, banking and finance, and chemicals are among the leading industries in the Asia Pacific.

All of these industries need to resolve difficulties related to optimization, simulation, and machine learning. Large and medium enterprises are growing in the Asia Pacific region due to the rapid expansion of emerging economies and the rising use of advanced technologies in the manufacturing sector. As a result, the Asia Pacific region is seeing an increase in demand for enterprise quantum computing.

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Leading Competitors

The leading prominent companies profiled in the global enterprise quantum computing market are:

Alibaba Group
D-Wave Systems Incorporated
Google LLC
Huawei Technologies Co., Limited
International Business Management Corporation (IBM)
ID Quantique
Intel Corporation
Microsoft Corporation
Rigetti & Co, Incorporated
Toshiba Corporation
Xanadu Quantum Technologies
Zapata Computing, Incorporated
Other Prominent Players

Scope of the Report

The global enterprise quantum computing market segmentation focuses on Component, Deployment Mode, Technology, Application, Industry Vertical, and Region.

Segmentation based on Component

Hardware
Quantum Processing Units (QPU)
Dilution refrigerator
I/O subsystem
Software
Services
Consulting services
Training & education
Support & maintenance
Others

Segmentation based on Deployment Mode

On-premise
Cloud

Segmentation based on Technology

Quantum annealing
Superconducting
Trapped ion
Quantum dot
Others

Segmentation based on Application

Machine Learning/Deep Learning/AI
Optimization
Simulation & data modeling
Cyber Security
Others

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Segmentation based on Industry Vertical

Healthcare & Life sciences
IT & Telecom
Manufacturing
BFSI
Energy & utilities
Aerospace & Defense
Others

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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