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November 11, 2020

Quantum Computing Market Intelligence Report for Comprehensive Information 2020-2027

The Global Quantum Computing Marketis projected to reach a value of over USD 451.2 million by 2027 at a CAGR of around 24.5%.

The quantum computing is area of computing focused on developing computer technology, which based on the principles of quantum theory. The theory helps to explain the nature as well as the behavior of energy and matter on the quantum level. Whereas, it uses a combination of bits to perform computational tasks. Moreover, there are various models of quantum computing such as the quantum circuit model, quantum Turing machine, one-way quantum computer, as well as the quantum cellular automata.

Hence, the growth of quantum computers enhances the computing capability, with the performance gains for specific use cases, such as quantum computing excels at like simulations. These may lead to increase the demand of the market in the forecast period.

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Quantum Computing Market: Drivers & Restraints

Market Driver:

  • Growing Government Investment in Quantum Computing Technology

With the growing government investment in quantum computing technology is witness to fuel the growth of the market in the forecast period. Whereas, government are supporting for the development as well as deployment of the technology is prominent trend in the market, with the companies and public bodies is also realizing the important of a coordinated funding strategy.

Furthermore, in 2018 the National Quantum Initiative Act has become a law that includes a funding of more than USD 1 billion from the US House of Representatives for the National Quantum Initiative Program. Moreover, the aims behind the funding is to facilitate the growth of technology application as well as quantum information science.

Market Restraints:

  • Lack of Awareness

One of the major key concern of the quantum computing market is the lack of awareness which may hinder factor for the growth of the market. Whereas, the lack of consumer awareness of the quantum computing as well as associate risks will create a challenging factor for the market. Moreover, the shortage of skilled professionals is one of the major factors that restraining the growth of the market during the forecast period.

Hence, with rising government investment as well as the intervention, quantum computing is projected to overcome this restraint.

Quantum Computing Market: Key Segments

  • Segmentation based on Component: Hardware, Software and Services.
  • Segmentation based on Application: Simulation, Optimization and Sampling.
  • Segmentation based on End-User: Defense, Automotive, Healthcare, Chemicals, Banking & Finance and Energy & Power.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Quantum Computing Market: Report Scope

The report on the quantum computing market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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List of the leading companies operating in the Quantum Computing Market include:

  • D-Wave Systems Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • IBM Corporation
  • Rigetti & Co, Inc.
  • QCWare
  • Hewlett Packard Enterprise Development LP
  • Nippon Telegraph and Telephone Corporation
  • Hitachi, Ltd.
  • Intel Corporation
  • Northrop Grumman Corporation
  • Accenture
  • Other Key Companies
    • Fujitsu
    • Quantum Circuits, Inc.
    • ZAPATA COMPUTING
    • XANADU
    • IonQ, Inc

Quantum Computing Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Quantum Computing Market, by Component

  • Hardware
  • Software
  • Services

Quantum Computing Market, by Application

  • Simulation
  • Optimization
  • Sampling

Quantum Computing Market, by End-User

  • Defense
  • Automotive
  • Healthcare
  • Chemicals
  • Banking & finance
  • Energy & Power

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Quantum Computing Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Table of Content

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Driver
      1. Growing Adoption of Digitalization Services
      2. Increasing Cyber Threats
      3. Strategic Partnership Between Major Players Advance Quantum-Based AI
    3. Restraint
      1. Availabilities of Substitute
    4. Opportunities
      1. Growing Government Investment in Quantum Computing Technology
    5. Challenges
      1. Shortage of Skilled Professionals
      2. Lack of Awareness
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL QUANTUM COMPUTING MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Hardware
    3. Software
    4. Services
  7. GLOBAL QUANTUM COMPUTING MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Simulation
    3. Optimization
    4. Sampling
  8. GLOBAL QUANTUM COMPUTING MARKET BY END-USER, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Defense
    3. Automotive
    4. Healthcare
    5. Chemicals
    6. Banking & finance
    7. Energy & Power
  9. GLOBAL QUANTUM COMPUTING MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  11. COMPANY PROFILES
    1. D-Wave Systems Inc.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. IBM Corporation
    3. Rigetti & Co, Inc.
    4. QCWare
    5. Hewlett Packard Enterprise Development LP
    6. Nippon Telegraph and Telephone Corporation
    7. Hitachi, Ltd.
    8. Intel Corporation
    9. Northrop Grumman Corporation
    10. Accenture
    11. Other Key Companies
      1. Fujitsu
      2. Quantum Circuits, Inc.
      3. ZAPATA COMPUTING
      4. XANADU
      5. IonQ, Inc.
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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November 11, 2020, 13:14
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