Quantum Computing Market By Type (Quantum Annealing, Quantum Simulation, Universal Quantum), By Application (Machine Learning, Optimization, Material Simulation, Financial Services, Others), By Industry Verticals (IT & Telecom, Healthcare & Life Sciences, Manufacturing, Aerospace & Defense, Energy & Utilities, Others) – Growth, Future Prospects, And Competitive Landscape, 2019 – 2027

Published: | Report ID: 8458 | Report Format : PDF

Increasing demand for Material Synthesis and Optimization to boost Quantum Computing Worldwide

The global quantum computing market is poised to reach US$ 7,635.38 Mn by 2027, expanding at a CAGR of 34.3% over the forecast period from 2019 to 2027. Increasing complexity in the data sets and incompetent traditional computing methodology has given birth to an advanced computing technology that works on quantum bits or qubits. Quantum computing encompasses three technology stages: quantum annealing, non-error corrected quantum computing, and fully-error corrected quantum computing. Quantum annealing has significantly entered the market visibility phase, while the other two are still under the technology trigger phase. The first phase of the technology has prominently penetrated logistics, artificial intelligence, and machine learning applications. Several venture capitalists also tend to invest significantly into quantum computing technology as they consider it a game changer for various industries, for example, healthcare, BFSI, manufacturing, aerospace & defense, manufacturing, and many other verticals.

Design Element 2

Access crucial information at unmatched prices!

Request your free sample report today & start making informed decisions powered by Credence Research!

Download Free Sample
CTA Design Element 3

Market Synopsis

The Aerospace & Defense Segment dominated the Global Quantum Computing Market in the year 2018

Aerospace & defense dominated the global quantum computing market in 2018 owing to the higher requirement for secure data transfer and communication. Additionally, the demand for fast data operation is expected to boost the industry’s need for quantum computing solutions. Recently, the National Aeronautics and Space Administration (NASA) announced the achievement of quantum supremacy in partnership with Google Inc. The company has developed the fastest quantum computer capable of solving problems in just 200 seconds. On the other hand, the automotive and healthcare industry finds lucrative applications in quantum computing methods for route optimization and material synthesis. Furthermore, quantum computing can reveal a new horizon of development in the field of medical science for the treatment of various rare diseases.

Asia Pacific witnesses the Highest Growth over the Forecast Period

In 2018, North America held a major revenue share of the global quantum computing market. Impressive investments and technological advancements are the prime factors escalating regional growth. On the contrary, Asia Pacific is poised to grow exponentially over the forecast period owing to strategic government plans of different Asian countries. Recently, the Chinese government announced to build of a US$ 10 Bn National Laboratory for Quantum Information Sciences that is expected to start by 2020. China, Japan, and South Korea are the other important regions exploiting the quantum computing features for various industry verticals. Moreover, the region has promising industrial growth that favors market growth during the forecast period. BFSI is significantly implementing the quantum benefits in advanced computing.

Key Players & Competitive Landscape:

Some prominent players profiled in the global quantum computing market report include D-Wave Systems Inc., International Business Machines Corporation, Google Inc., 1QB Information Technologies, Microsoft Corporation, QX Branch, Cambridge Quantum Computing Limited, QC Ware Corp., Rigetti Computing, and River Lane Research among others.

The global quantum computing market is highly competitive, with prominent technology players such as IBM, Google, Microsoft, Alibaba, and Intel exploiting quantum computing technology for various computing applications. For instance, Google was exploring the quantum application in high-speed internet surfing and launched its new 54-qubit quantum chip named ‘Sycamore’ in October 2019.

However, another quantum giant, IBM corporation, opened its new quantum computing center in New York City on September 19, 2019. Similarly, other companies are also exploring new aspects of quantum computing and giving tough competition to each other. Irrespective of the fact that quantum computing is a nascent technology, the market has speedily turned from monopolistic to perfect competition.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Report Scope by Segments

The quantum computing market research offers market size and forecasts based on market dynamics and predominant trends shaping the industry. In addition, the report provides an all-around view of the global quantum computing market based on type, applications, industry verticals, and geography.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global QC Market
2.2. Global QC Market, by Type, 2018 (US$ Mn)
2.3. Global QC Market, by Application, 2018 (US$ Mn)
2.4. Global QC Market, by Industry Verticals, 2018 (US$ Mn)
2.5. Global QC Market, by Geography, 2018 (US$ Mn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global QC Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Quantum Computing (QC) Market, by Type, 2017-2027 (US$ Mn)
4.1. Quantum Annealing
4.2. Quantum Simulation
4.3. Universal Quantum

5. Global Quantum Computing (QC) Market, by Application, 2017-2027 (US$ Mn)
5.1. Machine Learning
5.2. Optimization
5.3. Material Simulation
5.4. Financial Services
5.5. Others

6. Global Quantum Computing (QC) Market, by Industry Verticals, 2017-2027 (US$ Mn)
6.1. IT & Telecom
6.2. Healthcare & Life Sciences
6.3. BFSI
6.4. Manufacturing
6.5. Aerospace & Defense
6.6. Energy & Utilities
6.7. Others

7. North America Quantum Computing (QC) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. North America QC Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America QC Market Value, By Type, 2017-2027 (US$ Mn)
7.2.1. Quantum Annealing
7.2.2. Quantum Simulation
7.2.3. Universal Quantum
7.3. North America QC Market Value, By Applications, 2017-2027 (US$ Mn)
7.3.1. Machine Learning
7.3.2. Optimization
7.3.3. Material Simulation
7.3.4. Financial Services
7.3.5. Others
7.4. North America QC Market Value, By Industry Verticals, 2017-2027 (US$ Mn)
7.4.1. IT & Telecom
7.4.2. Healthcare & Life Sciences
7.4.3. BFSI
7.4.4. Manufacturing
7.4.5. Aerospace & Defense
7.4.6. Energy & Utilities
7.4.7. Others
7.5. North America QC Market Value, By Country, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Quantum Computing (QC) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Europe QC Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Europe QC Market Value, By Type, 2017-2027 (US$ Mn)
8.2.1. Quantum Annealing
8.2.2. Quantum Simulation
8.2.3. Universal Quantum
8.3. Europe QC Market Value, By Applications, 2017-2027 (US$ Mn)
8.3.1. Machine Learning
8.3.2. Optimization
8.3.3. Material Simulation
8.3.4. Financial Services
8.3.5. Others
8.4. Europe QC Market Value, By Industry Verticals, 2017-2027 (US$ Mn)
8.4.1. IT & Telecom
8.4.2. Healthcare & Life Sciences
8.4.3. BFSI
8.4.4. Manufacturing
8.4.5. Aerospace & Defense
8.4.6. Energy & Utilities
8.4.7. Others
8.5. Europe QC Market Value, By Country, 2017-2027 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Quantum Computing (QC) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific QC Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Asia Pacific QC Market Value, By Type, 2017-2027 (US$ Mn)
9.2.1. Quantum Annealing
9.2.2. Quantum Simulation
9.2.3. Universal Quantum
9.3. Asia Pacific QC Market Value, By Applications, 2017-2027 (US$ Mn)
9.3.1. Machine Learning
9.3.2. Optimization
9.3.3. Material Simulation
9.3.4. Financial Services
9.3.5. Others
9.4. Asia Pacific QC Market Value, By Industry Verticals, 2017-2027 (US$ Mn)
9.4.1. IT & Telecom
9.4.2. Healthcare & Life Sciences
9.4.3. BFSI
9.4.4. Manufacturing
9.4.5. Aerospace & Defense
9.4.6. Energy & Utilities
9.4.7. Others
9.5. Asia Pacific QC Market Value, By Country, 2017-2027 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Quantum Computing (QC) Market Analysis, 2017-2027 (US$ Mn)
10.1. Overview
10.1.1. Rest of the World QC Market Value and Growth, 2017-2027, (US$ Mn)
10.2. Rest of the World QC Market Value, By Type, 2017-2027 (US$ Mn)
10.2.1. Quantum Annealing
10.2.2. Quantum Simulation
10.2.3. Universal Quantum
10.3. Rest of the World QC Market Value, By Applications, 2017-2027 (US$ Mn)
10.3.1. Machine Learning
10.3.2. Optimization
10.3.3. Material Simulation
10.3.4. Financial Services
10.3.5. Others
10.4. Rest of the World QC Market Value, By Industry Verticals, 2017-2027 (US$ Mn)
10.4.1. IT & Telecom
10.4.2. Healthcare & Life Sciences
10.4.3. BFSI
10.4.4. Manufacturing
10.4.5. Aerospace & Defense
10.4.6. Energy & Utilities
10.4.7. Others
10.5. Rest of the World QC Market Value, By Region, 2017-2027 (US$ Mn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. D-Wave Systems Inc.
11.2. International Business Machines Corporation
11.3. Google Inc.
11.4. 1QB Information Technologies
11.5. Microsoft Corporation
11.6. QX Branch
11.7. Cambridge QC Limited
11.8. QC Ware Corp.
11.9. Rigetti Computing
11.10. River Lane Research

List of Figures

FIG. 1 Global Quantum Computing (QC) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global QC Market Segmentation
FIG. 4 Global QC Market, by Type, 2018 (US$ Mn)
FIG. 5 Global QC Market, by Application, 2018 (US$ Mn)
FIG. 6 Global QC Market, by Industry Verticals, 2018 (US$ Mn)
FIG. 7 Global QC Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key QC Market Players, 2018
FIG. 10 Global QC Market Value Share, by Type, 2018 & 2027 (Value %)
FIG. 11 Global QC Market for Quantum Annealing, 2017–2027 (US$ Mn)
FIG. 12 Global QC Market for Quantum Simulation, 2017–2027 (US$ Mn)
FIG. 13 Global QC Market for Universal Quantum, 2017–2027 (US$ Mn)
FIG. 14 Global QC Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 15 Global QC Market for Machine Learning, 2017–2027 (US$ Mn)
FIG. 16 Global QC Market for Optimization, 2017–2027 (US$ Mn)
FIG. 17 Global QC Market for Material Simulation, 2017–2027 (US$ Mn)
FIG. 18 Global QC Market for Financial Services, 2017–2027 (US$ Mn)
FIG. 19 Global QC Market for Others, 2017–2027 (US$ Mn)
FIG. 20 Global QC Market Value Share, by Industry Verticals, 2018 & 2027 (Value %)
FIG. 21 Global QC Market for IT & Telecom, 2017–2027 (US$ Mn)
FIG. 22 Global QC Market for Healthcare & Life Sciences, 2017–2027 (US$ Mn)
FIG. 23 Global QC Market for BFSI, 2017–2027 (US$ Mn)
FIG. 24 Global QC Market for Manufacturing, 2017–2027 (US$ Mn)
FIG. 25 Global QC Market for Aerospace & Defense, 2017–2027 (US$ Mn)
FIG. 26 Global QC Market for Energy & Utilities, 2017–2027 (US$ Mn)
FIG. 27 Global QC Market for Others, 2017–2027 (US$ Mn)
FIG. 28 North America QC Market, 2017–2027 (US$ Mn)
FIG. 29 Europe QC Market, 2017–2027 (US$ Mn)
FIG. 30 Asia Pacific QC Market, 2017–2027 (US$ Mn)
FIG. 31 RoW QC Market, 2017–2027 (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Quantum Computing (QC) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global QC Market, by Type, 2017–2027 (US$ Mn)
TABLE 5 Global QC Market, by Application, 2017–2027 (US$ Mn)
TABLE 6 Global QC Market, by Industry Verticals, 2017–2027 (US$ Mn)
TABLE 7 Global QC Market, by Geography, 2017–2027 (US$ Mn)
TABLE 8 North America QC Market, by Type, 2017–2027 (US$ Mn)
TABLE 9 North America QC Market, by Application, 2017–2027 (US$ Mn)
TABLE 10 North America QC Market, by Industry Verticals, 2017–2027 (US$ Mn)
TABLE 11 North America QC Market, by Country, 2017–2027 (US$ Mn)
TABLE 12 Europe QC Market, by Type, 2017–2027 (US$ Mn)
TABLE 13 Europe QC Market, by Application, 2017–2027 (US$ Mn)
TABLE 14 Europe QC Market, by Industry Verticals, 2017–2027 (US$ Mn)
TABLE 15 Europe QC Market, by Country, 2017–2027 (US$ Mn)
TABLE 16 Asia Pacific QC Market, by Type, 2017–2027 (US$ Mn)
TABLE 17 Asia Pacific QC Market, by Application, 2017–2027 (US$ Mn)
TABLE 18 Asia Pacific QC Market, by Industry Verticals, 2017–2027 (US$ Mn)
TABLE 19 Asia Pacific QC Market, by Country, 2017–2027 (US$ Mn)
TABLE 20 Rest of the World QC Market, by Type, 2017–2027 (US$ Mn)
TABLE 21 Rest of the World QC Market, by Application, 2017–2027 (US$ Mn)
TABLE 22 Rest of the World QC Market, by Industry Verticals, 2017–2027 (US$ Mn)
TABLE 23 Rest of the World QC Market, by Region, 2017–2027 (US$ Mn)
TABLE 24 D-Wave Systems Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 International Business Machines Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Google Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 1QB Information Technologies: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Microsoft Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 QX Branch: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Cambridge QC Limited: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 QC Ware Corp.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 Rigetti Computing: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 River Lane Research: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

Frequently Asked Questions

What is the size of Quantum Computing Market?

The market for Quantum Computing is expected to reach US$ 7,635.38 Mn by 2027.

What is the Quantum Computing Market CAGR?

The Quantum Computing market is expected to see significant CAGR growth over the coming years, at 34.3%.

What is the Forecast period considered for Quantum Computing Market?

The report is forecasted from 2019-2027.

What is the base year considered for Quantum Computing Market?

The base year of this report is 2018.

Who are the major players in this market?

D-Wave Systems Inc., International Business Machines Corporation, Google Inc., 1QB Information Technologies are some of the major players in the global market.

Asia Pacific Next Generation Data Storage Market

Published:
Report ID: 35723

Fingerprint Sensor Market

Published:
Report ID: 34098

Unified Communication Market

Published:
Report ID: 11005

Single-Mode Fiber Cable Market

Published:
Report ID: 33075

Land Mobile Radio (LMR) Systems Market

Published:
Report ID: 8017

Switchgear Monitoring System Market

Published:
Report ID: 33284

Email Encryption Market

Published:
Report ID: 6059

Corporate Training Market

Published:
Report ID: 24076

Mobile Wallet And Payment Market

Published:
Report ID: 23434

Predictive Maintenance Market

Published:
Report ID: 11112

Data Science And Predictive Analytics Market

Published:
Report ID: 19989

Purchase Options

$2999
Delivery Format: Excel.
$4999
Designed for the individual purchaser.
$6999
Users located at a single corporate site or regional office.
$7999
Allowed for unlimited sharing globally within one company.
Smallform of Sample request

Have a question?

User Profile

Don’t settle for less – trust Mitul to help you find the best solution.

Report delivery within 24 to 48 hours

– Other Info –

What people say?-

User Review

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –

Phone

+91 6232 49 3207


support

24/7 Research Support


sales@credenceresearch.com

– Research Methodology –

Going beyond the basics: advanced techniques in research methodology

– Trusted By –

Pepshi, LG, Nestle
Motorola, Honeywell, Johnson and johnson
LG Chem, SIEMENS, Pfizer
Unilever, Samsonite, QIAGEN