Market Overview

Global Quantum Computing Market was valued at US$ 650.1 million in 2022 and is expected to reach US$ 8,788.8 million by 2031, at a CAGR of 38.9% during the forecast period of 2024-2031.

Download a Free sample PDF (Use Corporate email ID to Get Higher Priority) at: https://www.datamintelligence.com/download-sample/quantum-computing-market

Competitive Landscape

The quantum computing market has several big competitors who are focusing on innovation, strategic partnership, and mergers as part of the development strategy to build market position.

IBM Quantum ||  Google ||  Honeywell ||  Rigetti Computing || Telstra Corporation Limited || IonQ Inc || Silicon Quantum Computing || Huawei Technologies Co. Ltd || Alphabet Inc || Rigetti & Co Inc || Microsoft Corporation || D-Wave Systems Inc. and Zapata Computing Inc.

Emerging Key players:

Rigetti Computing | Microsoft | D-WAVE SYSTEM LIMITED | Zapata 

Market Trends

Investment in Quantum Technologies on the Rise

Government and private companies are making some very key investments in quantum computing, and with such huge investment comes incredible rates of innovation and accelerating developments into quantum hardware and software.

Get Customization in the report as per your requirements + Exclusive Bundle & Multi-User Discounts: https://www.datamintelligence.com/customize/quantum-computing-market

New Emerging Applications Across Industries

This has drawn many industries towards adopting quantum computing over finance in risk analysis, pharmaceuticals in drug discovery, and logistic industries in optimizing supply chain operations.

Key Developments

On November 28, 2022, TCS launched a virtual quantum computing lab on AWS for developing and testing enterprise business solutions. The motive of its launch is to accelerate the rate of quantum computing adoption, consequently empowering consumers to build their own solutions in areas consisting of portfolio risk assessment, secure communication, customer behavior prediction, and production planning.

StackPath, one of the leading quantum computing platforms, today announced the immediate availability of higher virtual CPU core counts with increased RAM for its StackPath Edge Compute Virtual Machine and Container instances, effective August 15, 2023. The upgrade opens the door to bettered computational powers for quantum computing applications.

Market Segmentation:

By Offering: Hardware, Software, Service

By Deployment Type: On-premises, Cloud-based

By Technology: Quantum Dots, Trapped Ions, Quantum Annealing By Application: Optimization, Simulation and Data Problems, Sampling, Machine Learning, Others By End-User: Banking, Financial Services and Insurance, Aerospace & Defense, Manufacturing, Healthcare, IT & Telecom, Energy & Utilities, Others

Geographical Analysis

North America: Dominates the market, heavily invested in by private companies and government initiatives alike, especially in the U.S. and Canada.

Europe: Leading in quantum research, from investments by the European Union towards developing quantum computing to attain greater technological capability.

Asia-Pacific: A very fast-growing market, especially in China and Japan, where the development of quantum research and commercialization is gaining momentum. Rest of the World The emerging region is increasing its focus: the Middle East and parts of South America, especially with growing government and academic support on quantum technologies.

Unlock Year-End Savings! Get Up to 30% Off: https://www.datamintelligence.com/buy-now-page?report=quantum-computing-market

Contact Us -

Company Name: DataM Intelligence

Contact Person: Sai Kiran

Email: Sai.k@datamintelligence.com

Phone: +1 877 441 4866

Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.