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Rising Investments In Quantum Computing Startups In Driving Growth In The Quantum Computing Market: Strategic Insights Driving Quantum Computing Software Market Momentum in 2025
Quantum Computing Software
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What Is the Expected CAGR for the Quantum Computing Software Market Through 2025?_x000D_
The market for quantum computing software has been expanding rapidly in recent years. This market, which was valued at $0.5 billion in 2024, is projected to increase to $0.62 billion in 2025, reflecting a compound annual growth rate (CAGR) of 25.6%. The growth in recent history can be attributed to factors such as the demand for quantum computing solutions, government backing for its innovation and implementation, the need for related equipment and services, the rise in strategic alliances focused on R&D, and a growing adoption within the BFSI sector._x000D_
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What's the Projected Size of the Global Quantum Computing Software Market by 2029?_x000D_
The market size for quantum computing software is predicted to experience remarkable expansion in the forthcoming years. It is estimated to reach a size of $1.44 billion by 2029, growing at a compound annual growth rate (CAGR) of 23.2%. This growth during the forecast period can be linked to the rise of cloud-based platforms, the adoption of quantum computing technology in the field of drug discovery, and increased investments in digital transformation. The main trends for this period are the creation of custom quantum software, the use of quantum development kits, product innovation, partnerships with established technology firms, and the advent of hybrid classical-quantum solutions._x000D_
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Top Growth Drivers in the Quantum Computing Software Industry: What's Accelerating the Market? _x000D_
The quantum computing software market is expected to expand, driven by increasing investment in quantum computing startups. These startups focus on the development and commercialization of quantum computing technology. Governmental support and the potential for revolutionary innovation are fuelling more investments in these startups. The significant potential of quantum computing to revolutionize existing business models and create economic value across diverse sectors is generating more investment. For instance, the FINRA - a US non-profit organization overseeing the country's financial sector, reported in October 2023 that a record high of $2.35 billion had been invested in quantum computing startups (both hardware and software) in 2022. This represents a significant increase over the past two years. Hence, the uptick in investments in quantum startups is significantly contributing to the growth of the quantum computing software market._x000D_
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What Trends Will Shape the Quantum Computing Software Market Through 2029 and Beyond?_x000D_
Leading organizations in the quantum computing software market are investing in technological innovations such as cloud-based quantum computing services to solidify their competitive position. These advancements allow corporate clients to tap into hybrid quantum computing facilities, including quantum-fortified AI, optimization, and machine learning applications. For example, in March 2024, US tech firm Oracle Corporation introduced their cloud quantum enterprise software service. This service empowers clients to uncover new industrial applications of hybrid quantum computing, merging conventional high-performance computing with quantum computing to offer elevated processing power. This service will utilize Oracle Cloud Infrastructure (OCI) harnessing the power of Nvidia A100 Tensor Core GPU clusters and the Nvidia CUDA Quantum open-source hybrid quantum computing platform._x000D_
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What Are the Main Segments in the Quantum Computing Software Market?_x000D_
The quantum computing softwaremarket covered in this report is segmented - _x000D_
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1) By Component: Solution, Services_x000D_
2) By Technology: Superconducting Qubits, Trapped Ions, Quantum Annealing, Other Technologies_x000D_
3) By Deployment: Cloud, On-Premises_x000D_
4) By Application: Optimization, Machine Learning, Simulation, Other Applications_x000D_
5) By End-User: Aerospace And Defense, Banking, Financial Services And Insurance (BFSI), Healthcare, Automotive, Energy And Power, Chemical, Government, Other End-Users_x000D_
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Subsegments:_x000D_
1) By Solution: Quantum Algorithms, Quantum Programming Languages, Quantum Simulation Software, Quantum Cloud Platforms, Quantum Machine Learning Software, Quantum Cryptography Software, Quantum Error Correction Software, Quantum Computing Middleware, Quantum Software Development Kits, Quantum Cloud Integration Tools _x000D_
2) By Services: Quantum Software Development Services, Quantum Algorithm Development And Optimization Services, Quantum Cloud Computing As A Service, Quantum Consulting And Advisory Services, Quantum System Integration And Customization, Quantum Software Maintenance And Support, Quantum Education And Training Services, Quantum Simulation As A Service, Quantum Computing Application Development Services_x000D_
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Which Top Companies are Driving Growth in the Quantum Computing Software Market?_x000D_
Major companies operating in the quantum computing software market are Alphabet Inc., Microsoft Corporation, Huawei Technology Co. Ltd., Amazon Web Services Inc., accenture* PLC, International Business Machines Corporation, Oracle Corporation, Honeywell International Inc., SAP SE, Salesforce.com Inc., Fujitsu Ltd., Kronos Incorporated, 1QB Information Technologies Inc., Zapata Computing Inc., Rigetti Computing Inc., QC Ware Corp., D-Wave Quantum Systems Inc., Cambridge Quantum Computing Ltd., Riverlane Limited, Algorithmiq Inc., Strangeworks Inc., Phasecraft Limited, Entropica Labs Pte. Ltd., ProteinQure Inc., Quantum Circuits Inc _x000D_
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Which Regions Will Dominate the Quantum Computing Software Market Through 2029?_x000D_
North America was the largest region in the quantum computing software market in 2024. The regions covered in the quantum computing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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