Market Overview:
The global enterprise quantum computing market is expected to grow at a CAGR of over 28% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for quantum computing from various industries such as automotive, aerospace & defense, healthcare, and retail. In addition, the growing need for faster and more efficient data processing is also fueling the growth of this market. The global enterprise quantum computing market can be segmented on the basis of type into software, service, and hardware. The software segment is expected to account for a major share of the global enterprise quantum computing market in 2018. This segment is projected to grow at a CAGR of over 30% during the forecast period from 2018 to 2030. This growth can be attributed to increasing demand for software-based quantum computers from various industries such as automotive and aerospace & defense.
Product Definition:
Enterprise quantum computing is the usage of quantum computers by businesses and organizations. These computers can solve problems that are too complex for classical systems, making them well-suited for certain business tasks such as data analysis, logistics planning, and machine learning. The importance of enterprise quantum computing is that it provides businesses with an advantage over their competitors by giving them the ability to solve complex problems more quickly and efficiently.
Software:
Software is the part of IT infrastructure that supports the operation of computers and other electronic devices. It provides communication protocols, tools, applications, systems and frameworks to meet customer requirements. Software is used in quantum computing for various purposes such as control system engineering & architecture design, data modeling & simulation studies among others.
Service:
Service is a set of tools and technologies that help in managing quantum computing applications. It helps to deploy, manage, monitor, optimize and troubleshoot the applications effectively. The service also provides support for training models and deploying new algorithms as per the client requirement.
Application Insights:
The optimization application segment led the market in 2017 and is projected to continue its dominance over the forecast period. The quantum computer in the optimization phase can be compared to a supercomputer that can perform millions of calculations simultaneously, as against classical computers where it executes one calculation at a time. This capability allows businesses to design optimal solutions for their problems while taking into consideration various factors such as data types, number of variables and constraints.
Quantum computing has wide applications across several industries including financial services, healthcare, oil & gas and manufacturing among others which include logistics & transportation, media & entertainment and technology firms. These applications are expected to drive demand over the forecast period owing to increased efficiency gained by using quantum mechanical effects for solving computational challenges faced by these industries today.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. North America is home to several prominent players such as IBM Corporation; Google LLC; Microsoft Corporation; and Qu©bec City-based D-Wave Systems Inc., which are actively investing in the development of quantum computing solutions. The region is also expected to witness a significant increase in demand for optimization services, owing to rising concerns regarding data security and protection from cyberattacks.
The Asia Pacific regional market was valued at USD X million in 2017, owing to increasing investments by prominent players such as Google LLC, Deutschland AG (DQX), Lockheed Martin Corporation (LMT), Fujitsu Ltd., and others for developing new software applications that would run on enterprise level QCTs. Moreover, growing government initiatives towards building robust cybersecurity systems against external attacks are expected drive demand for IT security services across this region during the forecast period.
Growth Factors:
- Increased demand for quantum computing from the defense and intelligence sectors as they seek to harness its capabilities for complex simulation, data security, and machine learning.
- Growing interest from commercial enterprises in quantum computing’s potential to solve certain difficult problems faster than classical computers.
- Advances in technology that make quantum computers more accessible and easier to use, driving down costs and expanding the market potential for these devices.
- The increasing number of research institutions and businesses investing in quantum computing development initiatives, accelerating innovation across the sector.
Scope Of The Report
Report Attributes
Report Details
Report Title
Enterprise Quantum Computing Market Research Report
By Type
Software, Service, Hardware
By Application
Automation, Data Analytics, Optimization
By Companies
QRA Corp, Intel Corporation, D-Wave Systems Inc, Cambridge Quantum, Computing Ltd, QC Ware Corp., QxBranch, Inc., Rigetti & Co, Inc., IBM Corporation, Google LLC, Quantum Circuits, Inc., Microsoft Corporation, Cisco Systems, Atos SE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Enterprise Quantum Computing Market Report Segments:
The global Enterprise Quantum Computing market is segmented on the basis of:
Types
Software, Service, Hardware
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automation, Data Analytics, Optimization
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- QRA Corp
- Intel Corporation
- D-Wave Systems Inc
- Cambridge Quantum
- Computing Ltd
- QC Ware Corp.
- QxBranch, Inc.
- Rigetti & Co, Inc.
- IBM Corporation
- Google LLC
- Quantum Circuits, Inc.
- Microsoft Corporation
- Cisco Systems
- Atos SE
Highlights of The Enterprise Quantum Computing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Service
- Hardware
- By Application:
- Automation
- Data Analytics
- Optimization
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Enterprise Quantum Computing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Enterprise quantum computing is a new class of computing that uses quantum bits, or qubits. These are the fundamental units of information in a quantum computer. They can be in multiple states at the same time, which allows for many calculations to be done simultaneously. This makes enterprise quantum computing much faster and more powerful than traditional computers.
Some of the major players in the enterprise quantum computing market are QRA Corp, Intel Corporation, D-Wave Systems Inc, Cambridge Quantum, Computing Ltd, QC Ware Corp., QxBranch, Inc., Rigetti & Co, Inc., IBM Corporation, Google LLC, Quantum Circuits, Inc., Microsoft Corporation, Cisco Systems, Atos SE.
The enterprise quantum computing market is expected to register a CAGR of 28%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Enterprise Quantum Computing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Enterprise Quantum Computing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Enterprise Quantum Computing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Enterprise Quantum Computing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Enterprise Quantum Computing Market Size & Forecast, 2018-2028
4.5.1 Enterprise Quantum Computing Market Size and Y-o-Y Growth
4.5.2 Enterprise Quantum Computing Market Absolute $ Opportunity
Chapter 5 Global Enterprise Quantum Computing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Enterprise Quantum Computing Market Size Forecast by Type
5.2.1 Software
5.2.2 Service
5.2.3 Hardware
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Enterprise Quantum Computing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Enterprise Quantum Computing Market Size Forecast by Applications
6.2.1 Automation
6.2.2 Data Analytics
6.2.3 Optimization
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Enterprise Quantum Computing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Enterprise Quantum Computing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Enterprise Quantum Computing Analysis and Forecast
9.1 Introduction
9.2 North America Enterprise Quantum Computing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Enterprise Quantum Computing Market Size Forecast by Type
9.6.1 Software
9.6.2 Service
9.6.3 Hardware
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Enterprise Quantum Computing Market Size Forecast by Applications
9.10.1 Automation
9.10.2 Data Analytics
9.10.3 Optimization
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Enterprise Quantum Computing Analysis and Forecast
10.1 Introduction
10.2 Europe Enterprise Quantum Computing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Enterprise Quantum Computing Market Size Forecast by Type
10.6.1 Software
10.6.2 Service
10.6.3 Hardware
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Enterprise Quantum Computing Market Size Forecast by Applications
10.10.1 Automation
10.10.2 Data Analytics
10.10.3 Optimization
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Enterprise Quantum Computing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Enterprise Quantum Computing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Enterprise Quantum Computing Market Size Forecast by Type
11.6.1 Software
11.6.2 Service
11.6.3 Hardware
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Enterprise Quantum Computing Market Size Forecast by Applications
11.10.1 Automation
11.10.2 Data Analytics
11.10.3 Optimization
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Enterprise Quantum Computing Analysis and Forecast
12.1 Introduction
12.2 Latin America Enterprise Quantum Computing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Enterprise Quantum Computing Market Size Forecast by Type
12.6.1 Software
12.6.2 Service
12.6.3 Hardware
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Enterprise Quantum Computing Market Size Forecast by Applications
12.10.1 Automation
12.10.2 Data Analytics
12.10.3 Optimization
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Enterprise Quantum Computing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Enterprise Quantum Computing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Enterprise Quantum Computing Market Size Forecast by Type
13.6.1 Software
13.6.2 Service
13.6.3 Hardware
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Enterprise Quantum Computing Market Size Forecast by Applications
13.10.1 Automation
13.10.2 Data Analytics
13.10.3 Optimization
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Enterprise Quantum Computing Market: Competitive Dashboard
14.2 Global Enterprise Quantum Computing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 QRA Corp
14.3.2 Intel Corporation
14.3.3 D-Wave Systems Inc
14.3.4 Cambridge Quantum
14.3.5 Computing Ltd
14.3.6 QC Ware Corp.
14.3.7 QxBranch, Inc.
14.3.8 Rigetti & Co, Inc.
14.3.9 IBM Corporation
14.3.10 Google LLC
14.3.11 Quantum Circuits, Inc.
14.3.12 Microsoft Corporation
14.3.13 Cisco Systems
14.3.14 Atos SE
