Quantum Computing Market Challenges, Analysis and Forecast to 2032

The global enterprise quantum computing market size was valued at $ 1,370.82 Million in 2020, and is projected to reach $ 18,336.45 Million by 2030, growing at a CAGR of 29.7% from 2021 to 2030.

A quantum computer employs technology based on quantum phenomena and is fundamentally different from conventional and supercomputers. It processes the data using quantum bits (qubits), in contrast to conventional computers. Additionally, as compared to classical computers, quantum computing efficiently completes complicated computations, and this aspect is a significant driver of the growth of the corporate quantum computing industry.

Additionally, it has applications in the BFSI, healthcare, life science, energy, utilities, manufacturing, IT, and telecom sectors, among other areas. For instance, the world's top quantum computing business was created when the UK-based Cambridge Quantum Computing and the US-based Honeywell Quantum Solutions amalgamated.

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In terms of technology, the enterprise quantum computing market was led by the superconducting segment in 2020, and this trend is anticipated to hold during the forecast period. This is because businesses are using corporate quantum computing more frequently to outsmart their rivals strategically and competitively. Additionally, a number of market participants are researching and creating qubits based on this technology to explore and surpass the limitations of traditional computation methods, which drives market growth and is anticipated to provide significant development opportunities for the enterprise quantum computing market growth in the near future. However, it is anticipated that the Quantum dot category would expand the most, and this tendency is anticipated to continue throughout the projection period. Using quantum dots

when two qubits link, to reduce the electron tunnelling block. This is a key factor in the market's growth. Additionally, it is considered one of the potential solutions for a solid-state qubit because of the enhanced microfabrication and semiconductor technology. This is expected to significantly accelerate the demand for corporate quantum computing.

According to deployment method, the Cloud segment won the most market share in 2020, and it is anticipated that this trend would continue throughout the course of the forecast period. an is due to the many advantages that an on-premise deployment offers, including the high degree of data protection and safety. The cloud segment, however, is anticipated to increase at a faster rate in the future years. Because all data is kept on cloud servers, cloud deployment eliminates the need for IT infrastructure expenditure, which drives up the demand for geospatial analytics software in small and medium-sized businesses.

The market analysis for corporate quantum computing and the development opportunities and restraints are the main topics of the study. To comprehend the effects of numerous elements, the study applies Porter's five forces analysis of the business quantum computing market. such as buyer bargaining power, supplier bargaining power, competitor competitiveness, threat of new entrants, substitute threat, and competitor danger on the enterprise quantum computing market developments.

Segmentation:

By Type:

· Gate Level

· Quantum Annealing

By Application:

· Computational Chemistry

· Machine Learning

· Financial Optimizations

· Logistics and Scheduling

· Drug Design.

· Cyber Security

· Codebreaking

· Circuit, Software, and System Fault Simulation

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Geography:

Currently, North America is leading the quantum computing market, with the United States and Canada being major contributors to the growth of the market. The region has a strong presence of quantum computing companies, research organizations, and government initiatives focused on developing and advancing quantum technology. The United States is home to some of the largest quantum computing companies, such as IBM, Google, and Microsoft, and has a robust research and development ecosystem. The country also has initiatives like the National Quantum Initiative Act, which aims to accelerate the development of quantum technologies. Canada is also a significant contributor to the quantum computing market, with companies like D-Wave Systems and Xanadu leading the way in developing quantum computing hardware and software solutions. However, the quantum computing market is expected to grow rapidly in other regions as well, such as Europe and Asia-Pacific. Countries like Germany, the UK, China, and Japan are investing heavily in quantum computing research and development, and are expected to be major players in the global quantum computing market in the coming years.

Company Profiles:

· IBM

· Google

· Microsoft

· Honeywell

· Rigetti Computing

· IonQ

· D-Wave Systems

· Xanadu

· PsiQuantum

· Cambridge Quantum Computing

· Alibaba Group

· Toshiba

· Intel

· Fujitsu

· Amazon Web Services.

Global Quantum Computing Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Quantum Computing market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Points:
Define, describe and forecast Quantum Computing product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030

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