The quantum computing market is expected to grow from USD 460 million in 2022 to USD 5,346 million by 2032, at a CAGR of 32% during the forecast period 2023-2032.
Quantum computing is a computing technology that uses quantum physics concepts such as interference, entanglement, and superposition to perform computations. The study of quantum mechanics is a branch of physics. It is a fundamental theory that describes the physical properties of nature that surround living organisms, with the scale extending all the way down to subatomic particles and atoms. Quantum computers are technologies and systems that compute or provide digital solutions for quantum calculations. Although current computers may not always outperform classical computers in practical applications, the scientific community is optimistic that larger systems will be able to solve exceptionally difficult concepts in quantum mechanics such as integer factorization. Quantum computing is one step ahead of supercomputing since supercomputers cannot tackle certain problems.
Global quantum computing is widely utilised to perform calculations and solve complicated issues using the principles and properties of quantum mechanics. The desire to improve the capability of simulating and modelling complicated data, increase the optimization and efficiency of systems or processes, and analyse problems with greater precision drives this notion. With the tremendous application of the technology in numerous end-use industries, the promise of quantum computing well exceeds the existing period of knowledge. Healthcare and life science, manufacturing, BFSI, aerospace & defense, energy & utilities, IT & telecom, chemical, and automotive are some of the industries benefiting from quantum computing technologies and are expected to fuel quantum computing market expansion. Furthermore, Quantum computing has the potential to fundamentally alter humanity's present view of the world. The pharmaceutical business is predicted to be the most profitable market area in the next years, as the usage of quantum computers would allow drug producers to mimic chemical systems such as medicines and their interactions with other proteins down to the molecular level. This could potentially help pharmaceutical companies uncover treatments for long-standing medical ailments.
This study delivers a comprehensive analysis of technology, industry, application, and region. The technology segment includes trapped ions, quantum dots, and quantum annealing. The quantum annealing segment holds the largest market share in 2022. During the forecast period, quantum annealing (QA) is expected to be the most dominant segment. QA is used to address combinatorial optimization challenges. It used quantum mechanics laws to calculate the energy state. Temperatures as low as -191.1°C are required for quantum computers to function. The industry segment includes aerospace & defense, BFSI, healthcare, manufacturing, and energy & utilities. The BFSI segment holds the largest market share in 2022. Quantum computing can assist the segment in creating forecasts about economic changes and phenomena by analyzing the existing financial market, making the technology extremely advantageous to market participants. The application segment includes machine learning, optimization, sampling, and simulation & data problems. The optimization segment held the largest market share in 2022. Companies and businesses rely on the accuracy of all current data and predict information, which quantum computing can provide.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share, The presence of the essential infrastructure to promote and support quantum computing systems is predicted to stimulate regional growth. In terms of technological breakthroughs relating to quantum physics, the region is already far ahead of any other nation on the planet. Factors such as the existence of a supportive ecosystem, which includes the various partners required to develop such advanced technology, as well as government assistance, are expected to assist North America in generating more revenue. The US government oversees the National Quantum Initiative Act, which promotes Quantum Information Science and associated technologies.
Some of the notable players in the market are International Business Machines Corporation (IBM), QX Branch, D-Wave Systems Inc., Cambridge Quantum Computing Limited, 1QB Information Technologies, QC Ware, Corporation, StationQ- Microsoft, Rigetti Computing, Google Inc., River Lane Research, and others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Technology
4.3.2. Market Attractiveness Analysis by Industry
4.3.3. Market Attractiveness Analysis by Application
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising utilization
5.3. Restraints
5.3.1. High cost
5.4. Opportunities
5.4.1. Use in several applications
5.5. Challenges
5.5.1. Lack of skilled professionals
6. Global Quantum Computing Market Analysis and Forecast, By Technology
6.1. Segment Overview
6.2. Trapped Ions
6.3. Quantum Dots
6.4. Quantum Annealing
7. Global Quantum Computing Market Analysis and Forecast, By Industry
7.1. Segment Overview
7.2. Aerospace & Defense
7.3. BFSI
7.4. Healthcare
7.5. Manufacturing
7.6. Energy & Utilities
8. Global Quantum Computing Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Machine Learning
8.3. Optimization
8.4. Sampling
8.5. Simulation & Data Problems
9. Global Quantum Computing Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Quantum Computing Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Quantum Computing Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Business Machines Corporation (IBM)
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. QX Branch
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. D-Wave Systems Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Cambridge Quantum Computing Limited
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. 1QB Information Technologies
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. QC Ware
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Corporation
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. StationQ- Microsoft
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Rigetti Computing
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Google Inc.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. River Lane Research
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
List of Table
1. Global Quantum Computing Market, By Technology, 2019-2032 (USD Million)
2. Global Trapped Ions, Quantum Computing Market, By Region, 2019-2032 (USD Million)
3. Global Quantum Dots, Quantum Computing Market, By Region, 2019-2032 (USD Million)
4. Global Quantum Annealing, Quantum Computing Market, By Region, 2019-2032 (USD Million)
5. Global Quantum Computing Market, By Industry, 2019-2032 (USD Million)
6. Global Aerospace & Defense, Quantum Computing Market, By Region, 2019-2032 (USD Million)
7. Global BFSI, Quantum Computing Market, By Region, 2019-2032 (USD Million)
8. Global Healthcare, Quantum Computing Market, By Region, 2019-2032 (USD Million)
9. Global Manufacturing, Quantum Computing Market, By Region, 2019-2032 (USD Million)
10. Global Energy & Utilities, Quantum Computing Market, By Region, 2019-2032 (USD Million)
11. Global Quantum Computing Market, By Application, 2019-2032 (USD Million)
12. Global Machine Learning, Quantum Computing Market, By Region, 2019-2032 (USD Million)
13. Global Optimization, Quantum Computing Market, By Region, 2019-2032 (USD Million)
14. Global Sampling, Quantum Computing Market, By Region, 2019-2032 (USD Million)
15. Global Simulation & Data Problems, Quantum Computing Market, By Region, 2019-2032 (USD Million)
16. North America Quantum Computing Market, By Technology, 2019-2032 (USD Million)
17. North America Quantum Computing Market, By Industry, 2019-2032 (USD Million)
18. North America Quantum Computing Market, By Application, 2019-2032 (USD Million)
19. U.S. Quantum Computing Market, By Technology, 2019-2032 (USD Million)
20. U.S. Quantum Computing Market, By Industry, 2019-2032 (USD Million)
21. U.S. Quantum Computing Market, By Application, 2019-2032 (USD Million)
22. Canada Quantum Computing Market, By Technology, 2019-2032 (USD Million)
23. Canada Quantum Computing Market, By Industry, 2019-2032 (USD Million)
24. Canada Quantum Computing Market, By Application, 2019-2032 (USD Million)
25. Mexico Quantum Computing Market, By Technology, 2019-2032 (USD Million)
26. Mexico Quantum Computing Market, By Industry, 2019-2032 (USD Million)
27. Mexico Quantum Computing Market, By Application, 2019-2032 (USD Million)
28. Europe Quantum Computing Market, By Technology, 2019-2032 (USD Million)
29. Europe Quantum Computing Market, By Industry, 2019-2032 (USD Million)
30. Europe Quantum Computing Market, By Application, 2019-2032 (USD Million)
31. Germany Quantum Computing Market, By Technology, 2019-2032 (USD Million)
32. Germany Quantum Computing Market, By Industry, 2019-2032 (USD Million)
33. Germany Quantum Computing Market, By Application, 2019-2032 (USD Million)
34. France Quantum Computing Market, By Technology, 2019-2032 (USD Million)
35. France Quantum Computing Market, By Industry, 2019-2032 (USD Million)
36. France Quantum Computing Market, By Application, 2019-2032 (USD Million)
37. U.K. Quantum Computing Market, By Technology, 2019-2032 (USD Million)
38. U.K. Quantum Computing Market, By Industry, 2019-2032 (USD Million)
39. U.K. Quantum Computing Market, By Application, 2019-2032 (USD Million)
40. Italy Quantum Computing Market, By Technology, 2019-2032 (USD Million)
41. Italy Quantum Computing Market, By Industry, 2019-2032 (USD Million)
42. Italy Quantum Computing Market, By Application, 2019-2032 (USD Million)
43. Spain Quantum Computing Market, By Technology, 2019-2032 (USD Million)
44. Spain Quantum Computing Market, By Industry, 2019-2032 (USD Million)
45. Spain Quantum Computing Market, By Application, 2019-2032 (USD Million)
46. Asia Pacific Quantum Computing Market, By Technology, 2019-2032 (USD Million)
47. Asia Pacific Quantum Computing Market, By Industry, 2019-2032 (USD Million)
48. Asia Pacific Quantum Computing Market, By Application, 2019-2032 (USD Million)
49. Japan Quantum Computing Market, By Technology, 2019-2032 (USD Million)
50. Japan Quantum Computing Market, By Industry, 2019-2032 (USD Million)
51. Japan Quantum Computing Market, By Application, 2019-2032 (USD Million)
52. China Quantum Computing Market, By Technology, 2019-2032 (USD Million)
53. China Quantum Computing Market, By Industry, 2019-2032 (USD Million)
54. China Quantum Computing Market, By Application, 2019-2032 (USD Million)
55. India Quantum Computing Market, By Technology, 2019-2032 (USD Million)
56. India Quantum Computing Market, By Industry, 2019-2032 (USD Million)
57. India Quantum Computing Market, By Application, 2019-2032 (USD Million)
58. South America Quantum Computing Market, By Technology, 2019-2032 (USD Million)
59. South America Quantum Computing Market, By Industry, 2019-2032 (USD Million)
60. South America Quantum Computing Market, By Application, 2019-2032 (USD Million)
61. Brazil Quantum Computing Market, By Technology, 2019-2032 (USD Million)
62. Brazil Quantum Computing Market, By Industry, 2019-2032 (USD Million)
63. Brazil Quantum Computing Market, By Application, 2019-2032 (USD Million)
64. Middle East and Africa Quantum Computing Market, By Technology, 2019-2032 (USD Million)
65. Middle East and Africa Quantum Computing Market, By Industry, 2019-2032 (USD Million)
66. Middle East and Africa Quantum Computing Market, By Application, 2019-2032 (USD Million)
67. UAE Quantum Computing Market, By Technology, 2019-2032 (USD Million)
68. UAE Quantum Computing Market, By Industry, 2019-2032 (USD Million)
69. UAE Quantum Computing Market, By Application, 2019-2032 (USD Million)
70. South Africa Quantum Computing Market, By Technology, 2019-2032 (USD Million)
71. South Africa Quantum Computing Market, By Industry, 2019-2032 (USD Million)
72. South Africa Quantum Computing Market, By Application, 2019-2032 (USD Million)
List of Figures
1. Global Quantum Computing Market Segmentation
2. Global Quantum Computing Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Quantum Computing Market Attractiveness Analysis by Technology
9. Global Quantum Computing Market Attractiveness Analysis by Industry
10. Global Quantum Computing Market Attractiveness Analysis by Application
11. Global Quantum Computing Market Attractiveness Analysis by Region
12. Global Quantum Computing Market: Dynamics
13. Global Quantum Computing Market Share by Technology (2023 & 2032)
14. Global Quantum Computing Market Share by Industry (2023 & 2032)
15. Global Quantum Computing Market Share by Application (2023 & 2032)
16. Global Quantum Computing Market Share by Regions (2023 & 2032)
17. Global Quantum Computing Market Share by Company (2022)
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