Press release
Enterprise Quantum Computing Market: A Surge from $3.76 Billion to $14.38 Billion by 2029, With a CAGR of 27.6% to 31.6%
Enterprise Quantum Computing Market Size
What Is The Projected Market Size Of The Global Enterprise Quantum Computing Market And Its Growth Rate?
- The enterprise quantum computing market size has seen a significant rise, growing from $3.76 billion in 2024 to an expected $4.79 billion in 2025, at a CAGR of 27.6%.
- This growth can be attributed to increased investments in quantum computing technology, growth in the number of skilled professionals, development of a regulatory framework, increased international collaboration, and increased climate challenges.
- The enterprise quantum computing market size is predicted to see exponential growth, with a forecast increase to $14.38 billion in 2029 at a CAGR of 31.6%.
- Factors contributing to this growth include increased use in gaming, expansion in aerospace, demand in financial trading, adoption in agricultural processes, and increase in manufacturing processes.
What Is Driving The Growth In The Enterprise Quantum Computing Market?
The enterprise quantum computing market's growth is notably propelled by the expanding use of cloud computing. Cloud computing offers convenient, on-demand access to a pool of configurable computing resources, driving organizations to invest plans better, strengthen encryption, discover new products, and more. For instance, in 2022, cloud computing was used by 94% of US businesses and powered 67% of the business infrastructure. Therefore, the growing demand for cloud computing is set to further drive the enterprise quantum computing market.
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Who Are the Key Players Driving Enterprise Quantum Computing Market Growth?
• Huawei Technologies Co. Ltd.
• Google LLC
• Microsoft Corp.
• Alibaba Group Holding Limited
• Amazon Web Services Inc.
• Lockheed Martin Corp.
• IBM Corporation
• Deloitte Touche Tohmatsu Limited
• KPMG International Cooperative
• NXP Semiconductors NV.,
• Booz Allen Hamilton Corp.
• Reply S.p.A
• Honeywell Quantum Solutions
• Quantum Technology
• PsiQuantum Inc.
What Are The Key Trends In The Enterprise Quantum Computing Market?
Key trends in the enterprise quantum computing market:
• Subscription-based quantum computing
• Quantum AI integration
• Quantum-inspired optimization
• Artificial reality
• Blockchain integration
What Are The Segments Of The Global Enterprise Quantum Computing Market?
The global enterprise quantum computing market is segmented by:
1) Component: Hardware, Software, Services
2) Deployment Mode: On-Premise, Cloud
3) Technology: Quantum Annealing, Superconducting, Trapped Ion, Quantum Dot, Other Technologies
4) Application: Machine Learning/Deep Learning/AI, Optimization, Simulation And Data Modelling, Cyber Security, Other Applications
5) Industry Vertical: Healthcare And Life sciences, IT And Telecom, Manufacturing, BFSI, Energy And Utilities, Aerospace And Defense, Other Industries
Which Region Leads The Enterprise Quantum Computing Market?
North America held the largest share in the enterprise quantum computing market in 2024, with Asia Pacific expected to be the fastest-growing region in the coming years. The report covers all regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Enterprise Quantum Computing Market Global Market Report?
- Market Size Analysis: Analyze the Enterprise Quantum Computing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Enterprise Quantum Computing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Enterprise Quantum Computing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Enterprise Quantum Computing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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