Market Overview:
The global quantum computing technologies market is expected to grow from USD 1.5 billion in 2018 to USD 10.8 billion by 2030, at a CAGR of 27.9% during the forecast period. The growth of this market can be attributed to the increasing demand for quantum computing technology in various applications such as medical, chemistry, transportation, manufacturing, and others. However, the high cost of quantum computers is restraining the growth of this market to some extent. Based on type, the global quantum computing technologies market is segmented into hardware, software and cloud service segments.
Product Definition:
Quantum computing is a type of computing where qubits, which are units of quantum information, are used to perform calculations. The advantage of quantum computing is that qubits can represent a much larger range of values than traditional bits. This allows for more efficient execution of certain algorithms and the potential for new applications that are not possible with traditional computers.
Hardware:
Hardware is the part of quantum computing technologies that are used to build a device or a computer based on semiconductor devices and electronic components. The hardware includes Quantum Computer, Rigetti Computing, Cloud Platforms & Services, and other related equipment. Hardware is an important aspect of quantum computing as it helps in performing calculations which are otherwise difficult or impossible to do with normal computers.
Software:
Software is the set of instructions that allows a computer to carry out its functions. In other words, it's theones that allow computers to do things for us. The software we use every day runs through our computers without us realizing it. It helps run various programs and also provides information on the internet so that when we search for something on Google, it shows up in our browsers without any problems at all.
Application Insights:
The others application segment includes the fields of computer science, engineering and applied physics. Quantum computing has witnessed significant interest in the field of artificial intelligence owing to its potential to revolutionize machine learning and data analytics processes. The medical application segment is expected to witness lucrative growth over the forecast period due to rising investments by governments for developing advanced healthcare facilities along with new technologies such as big data analytics and cloud services.
Quantum computers can provide solutions for optimization problems that are unsolvable with conventional computers, which will help improve transportation systems, chemical formulas, drug designs & formulations in pharmaceutical industries among other applications such as chemistry & materials science research. The manufacturing sector is also anticipated to gain a competitive edge over other sectors owing to increasing investments by companies such as IBM Corporation., Google Inc., Microsoft Corporation., Amazon Web Services Inc., Huawei Technologies Co., Ltd.
Regional Analysis:
North America dominated the market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in research and development, growing adoption of new technologies, and increased focus on developing smart cities initiatives across U.S., Canada, and Mexico.
Asia Pacific is anticipated to grow at a significant rate over the forecast period owing to increasing government funding for research projects related quantum computing as well as rising demand from companies operating across various industry verticals including healthcare & life sciences, manufacturing & energy industries for advanced processing capabilities that are beyond the reach of conventional computers.
Growth Factors:
- Increasing demand for quantum computing from the defense and intelligence sectors for secure communication and data processing.
- Growing number of commercial applications of quantum computing such as early detection of disease, optimization of traffic flow, etc.
- Proliferation of quantum-safe cryptography standards that will enable wider deployment of quantum computers in the future.
- Development of new materials and architectures that will improve the performance and scalability of quantum computers.
- Increased funding for research and development in the field of quantum computing by governments and private investors
Scope Of The Report
Report Attributes
Report Details
Report Title
Quantum Computing Technologies Market Research Report
By Type
Hardware, Software, Cloud Service
By Application
Medical, Chemistry, Transportation, Manufacturing, Others
By Companies
D-Wave Solutions, IBM, Google, Microsoft, Rigetti Computing, Intel, Origin Quantum Computing Technology, Anyon Systems Inc., Cambridge Quantum Computing Limited
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Quantum Computing Technologies Market Report Segments:
The global Quantum Computing Technologies market is segmented on the basis of:
Types
Hardware, Software, Cloud Service
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
Medical, Chemistry, Transportation, Manufacturing, Others
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:
- D-Wave Solutions
- IBM
- Google
- Microsoft
- Rigetti Computing
- Intel
- Origin Quantum Computing Technology
- Anyon Systems Inc.
- Cambridge Quantum Computing Limited
Highlights of The Quantum Computing Technologies 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:
- Hardware
- Software
- Cloud Service
- By Application:
- Medical
- Chemistry
- Transportation
- Manufacturing
- Others
- 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 Quantum Computing Technologies 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Quantum Computing Technologies is a research field that deals with the development of quantum computers. These computers are able to process and store information using quantum bits, or qubits.
Some of the key players operating in the quantum computing technologies market are D-Wave Solutions, IBM, Google, Microsoft, Rigetti Computing, Intel, Origin Quantum Computing Technology, Anyon Systems Inc., Cambridge Quantum Computing Limited.
The quantum computing technologies market is expected to grow at a compound annual growth rate of 27.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Quantum Computing Technologies 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 Quantum Computing Technologies Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Quantum Computing Technologies 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 Quantum Computing Technologies 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 Quantum Computing Technologies Market Size & Forecast, 2020-2028
4.5.1 Quantum Computing Technologies Market Size and Y-o-Y Growth
4.5.2 Quantum Computing Technologies Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Cloud Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Chemistry
6.2.3 Transportation
6.2.4 Manufacturing
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Quantum Computing Technologies 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 Quantum Computing Technologies 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Cloud Service
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 Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Chemistry
9.10.3 Transportation
9.10.4 Manufacturing
9.10.5 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Cloud Service
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 Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Chemistry
10.10.3 Transportation
10.10.4 Manufacturing
10.10.5 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Cloud Service
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 Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Chemistry
11.10.3 Transportation
11.10.4 Manufacturing
11.10.5 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Cloud Service
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 Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Chemistry
12.10.3 Transportation
12.10.4 Manufacturing
12.10.5 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Cloud Service
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) Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Chemistry
13.10.3 Transportation
13.10.4 Manufacturing
13.10.5 Others
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 Quantum Computing Technologies Market: Competitive Dashboard
14.2 Global Quantum Computing Technologies Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 D-Wave Solutions
14.3.2 IBM
14.3.3 Google
14.3.4 Microsoft
14.3.5 Rigetti Computing
14.3.6 Intel
14.3.7 Origin Quantum Computing Technology
14.3.8 Anyon Systems Inc.
14.3.9 Cambridge Quantum Computing Limited
