What Is Quantum Computing? - How It Works
Quantum computing is a major innovation since the invention of the microprocessor and quantum computers are dis-similar from digital electronic computers based on transistors. Quantum computers are much faster and powerful than today's computers. These systems are still in its development stage; however, several military agencies and national governments are funding for quantum computing research to develop quantum computers for business, civilians, and security purposes.
Download PDF Brochure of Study, Click Here!
Application of Quantum Computing:
1. Aviation
2. Drug Development
3. Machine Learning and Artificial Intelligence
4. Logistics and Supply Chain
5. Mobility Industry
The surge in the adoption of quantum computing in the defense and automotive industry and an increase in incidences of cybercrime are the significant factors driving the growth of the quantum computing market. However, unawareness about the new technology along with the presence of substitute technology may restrain the global market during the forecast period. Moreover, the increase in the adoption of quantum computing in drug delivery is expected to deliver substantial growth opportunity to the industry players in the quantum computing market.
Challenge Ahead for Quantum Computing:
1. High-speed calculations
2. Maintaining low temperature
3. Susceptibility to errors
4. Special algorithm
The key players influencing the market are Cambridge Quantum Computing Ltd, D-Wave Systems Inc., Google Inc., IBM Corporation, Intel Corporation, Lockheed Martin Corporation, Microsoft, Qxbranch, Inc., Rigetti & Co, Inc., Toshiba Quantum Information group, Other.
The "Global Quantum Computing Market Analysis to 2027" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the quantum computing market with detailed market segmentation by application, industry, and geography. The global quantum computing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading quantum computing market players and offers key trends and opportunities in the market.