Global Quantum Computing Market Research Report and Forecast to 2032 is an in-depth study of the global Quantum Computing Market, including market size, market share, current and emerging trends, and the most recent technological developments. The report also provides insight into the global and regional competitive landscape of the Quantum Computing Market, as well as a detailed forecast to 2032. The impact of the COVID-19 pandemic on the Quantum Computing Market has been updated in the new report. It examines the pandemic's impact on the economic landscape and government regulations in each region. It also investigates the supply chain disruptions and economic volatility caused by the pandemic and provides a current and prospective outlook.
According to the most recent analysis by Emergen Research, the size of the worldwide quantum computing market is anticipated to reach USD 8,487.60 Million in 2032 and exhibit a consistent revenue CAGR of 30.2% during the projected period. One of the main factors propelling market revenue development is the increase in the number of strategic partnerships and collaborations to carry out breakthroughs in quantum computing technology. For instance, Quantinuum, one of the top quantum computing companies in the world with hardware and software integration, and Mitsui, a company dedicated to digital transformation, have partnered to develop quantum computing use cases that will eventually have a significant impact on business transformation and innovation.Mitsui and Quantinuum will hasten their joint efforts and creation of fresh business ideas. They will work together to develop quantum applications and offer value-added services to businesses operating in various quantum computing areas, which are expected to be worth between USD 450 billion and USD 850 billion globally by 2040.
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Global Quantum Computing Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- RD Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Quantum Computing market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Quantum Computing market and pinpoint the fundamental growth trends.
Key Companies Profiled in the Report are:
IBM, D-Wave Quantum Inc., Microsoft, Amazon, Inc., Rigetti Co, LLC, Google, Intel Corporation, Toshiba, Honeywell International Inc., and QC Ware
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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Some Key Highlights From the Report
- On 1 November 2022, ColdQuanta, the leader in global quantum ecosystem, revealed a USD 110 million Series B round of funding for the company's product portfolio, which includes atomic clocks, sensors, and components as well as quantum computing, quantum algorithms, and applications. The underlying technology of ColdQuanta has numerous uses across the spectrum of quantum technology. The company is also working on quantum technology along with developing the next generation of Radio Frequency (RF) technologies and atomic clocks, which provide considerable advantages over conventional antenna-based receivers. Communications will undergo a revolution owing to quantum Radiofrequency (RF) sensors and ColdQuanta is setting the pace.
- The optimization segment is expected to account for largest revenue share in the global market over the forecast period. Quantum computers have special abilities that can help them to solve these complex types of optimization problems more efficiently. They can represent all possible solutions using quantum property of superposition and can find low-cost and high-value solutions using quantum property of interference. Traditional problem-solving techniques frequently produce mediocre results or need calculation durations that are increasing exponentially. Quantum optimization techniques, such as Quantum Approximate Optimization Algorithms (QAOA), make it possible to identify solutions that are superior to sub-optimal ones without incurring the cost of exponentially longer calculation times.
- The superconducting qubits segment is expected to account for largest revenue share in the global market over the forecast period. Using superconducting qubits to build quantum computers is one of the most promising approaches, hence established IT companies are utilizing this technology to aid in the onset of quantum era. In contrast to Google's Sycamore, which claimed to have a quantum advantage in 2019, IBM's 127-qubit Eagle quantum computer was unveiled in 2021. Crucial insight that enables these quantum computers is the fact that superconductivity is a quantum phenomenon, allowing individuals to use superconducting circuits as programmable quantum systems. The quantum universe can actually be expanded and altered with more flexibility.
- The banking finance segment is expected to account for a significantly large revenue share in the global market over the forecast period. Quantum computing is used in banking finance to identify most attractive portfolios from a huge pool of reliant and interrelated assets, to detect fraud signs, enable proactive fraud risk management, and develop cutting-edge cryptography to protect confidential customer information. It is also possible to clear larger batches of transactions with different credit, collateral, and liquidity criteria more quickly and group a range of seemingly unrelated asset groups together to find trends in areas such as asset performance, customer sentiment, and risk aversion with the help of quantum computing. If complex quantitative buy-sell procedures are quickly adopted, financial companies will be better able to generate larger returns while minimizing risk, which is enabled by quantum computing. These applications of quantum computing are having an impact on banking and financial services sectors.
- The North America market is expected to account for largest revenue share during the forecast period attributed to increasing number of government initiatives in countries of this region. For instance, Office of the Special Envoy for Critical and Emerging Technology at the Department of State officially opened. Secretary Blinken established the office as a part of a larger modernization program, as the constellation of important and emerging technologies that are reshaping the world, is now a critical aspect of how U.S. foreign policy and diplomacy are conducted. This office will act as a center of expertise and motivation for developing and coordinating foreign policy on critical and emerging technologies as well as collaborating with foreign partners on those technologies, such as biotechnology, advanced computing, Artificial Intelligence (AI), and quantum information technologies, which will transform societies, economies, and security.
Market Overview:
The report bifurcates the Quantum Computing market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Offering Outlook (Revenue, USD Million; 2019–2032)
- Systems
- Services
- Quantum Computing as a Service (QCaaS)
- Consulting Services
- Deployment Outlook (Revenue, USD Million; 2019–2032)
- On-Premises
- Cloud-Based
- Application Outlook (Revenue, USD Million; 2019–2032)
- Optimization
- Machine Learning (ML)
- Simulation
- Others
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Additional information offered by the report:
- Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Cobots market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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