Global Quantum Computing Market is projected to be valued $XX Billion by 2024; with a CAGR of XX% from 2017 to 2025. Quantum computing is the area of study focused on developing computer technology based on the principles of quantum theory, which explains the nature and behavior of energy and matter at the atomic and subatomic level. Quantum computing having the properties of quantum physics to process information.Quantum computing has the potential to solve some of the world’s toughest challengesoperating with nanoscale components at temperatures lower than intergalactic space. A quantum computer is proficient to perform improbable number of calculations simultaneously.
The growth of global quantum computing market is majorly driven by factors such as increasing incidences of cybercrimes, rising investment by various government organizations, and growing implementation of this technology in defence& automotive sector. However, presence of alternate technology and unwillingness to accept new technology by end-users are the major drawback for the market restricting the growth. Moreover, usage of quantum cryptography to protect mobile transactions, and rise in adoption of this technology in drug discovery is expected to generate several growth opportunities for the market in the coming future.
The global quantum computing market is mainly classified on the basis of revenue source, industry vertical, application, and geography. The revenue source is classified into hardware, software, and services. By industry vertical, the segment is divided into defence, chemicals, banking & finance, energy & power, and healthcare & pharmaceuticals. Classification by application includes simulation, optimization, and sampling.
Based on geography, global mixed reality market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Major companies operating in the global Quantum Computingmarket are Microsoft Corporation, Google Inc., Intel Corporation, IBM Corporation, Nokia Technologies, Fujitsu, Toshiba Corporation, QC Ware Corp.,D-Wave Systems Inc., and Cambridge Quantum Computing Limited, among others.
The key takeaways from the report
Scope of Global Quantum Computing Market
Revenue Source Segments
Industry Vertical Segments