The Complete PDF Guide To Quantum Computing Market

Quantum Computing Market to 2028 - Global Analysis By Product Type (System, Services); Offering (On Premises, Cloud based); Application (Simulation, Optimization , Machine Learning, Others); Technology (Trapped Ions, Superconducting Qubits, Quantum Annealing, Others); End-Use Industry (Space and Defense, Banking and Finance, Healthcare and Pharmaceuticals, Energy and Power, Government, Others)

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Quantum computing is the application of quantum phenomena such as entanglement and superposition to solve problems. It aids in the development of new discoveries in a variety of fields, including smart materials, healthcare, energy, and others. In end uses such as healthcare & pharmaceuticals, chemicals, defense, banking & finance, energy & power, and others, it finds applications in optimization, modelling, sampling, and other areas. Quantum computers and quantum physics are used to process information at the atomic and subatomic levels. Computing technology advancements open the path for better and more powerful quantum computers. The growing demand for Software as a Service (SaaS) business models, greater datacenter workloads, and rising complexity in processor design are the key drivers driving the quantum computing market.

Top Market Players:

The reports cover key developments in the quantum computing market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from quantum computing market are anticipated to lucrative growth opportunities in the future with the rising demand for quantum computing market. Below mentioned is the list of few companies engaged in the quantum computing market.

The report also includes the profiles of key quantum computing market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

• Cambridge Quantum Computing Ltd
• D-Wave Systems
• Google
• Huawei Technologies Co. Ltd.
• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• QCWare
• Rigetti Computing
• Honeywell International

MARKET SEGMENTATION:

• Based on product type, the global smart HVAC controls market is segmented into smart thermostat and smart air vent.

• On the basis of implementation type, the market is segmented into new construction and retrofit.

• Based on application, the market is segmented into residential, commercial, and industrial.

MARKET DYNAMICS:

Drivers:

• The major drivers boosting the growth of smart HVAC controls market are the requirement for efficient usage of energy in buildings, growing construction market to boom the acceptance of HVAC controls, and rising adoption of IoT in the HVAC industry.

Restraints:

• Lack of awareness about the benefits of smart HVAC controls is expected to hinder the growth of the smart HVAC controls market.

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IMPACT OF COVID-19 ON SMART HVAC CONTROLS MARKET:

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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This release was published on openPR.