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Dublin, Nov. 23, 2022 (GLOBE NEWSWIRE) — The “Global Quantum Computing Market: Analysis by Component, by Application, by Technology, by End-User, by Region Size and Trends Impacting COVID-19 and Forecast Up to 2027” has been added ResearchAndMarkets.com Offer.

In 2021, the global quantum computing market was valued at US$442.32 million and is projected to grow to US$3295.97 million by 2027. Quantum computing is an emerging technology that uses the laws of quantum mechanics to tackle problems that are too complex for traditional computers. The word “quantum” comes from the physical term used in quantum mechanics, which defines the physical properties of electrons and photons.

Quantum computers work according to the concept of “qubits”. A qubit, also known as a quantum bit, is a fundamental unit of quantum information that is implemented physically via a two-state device. Some of the main reasons why companies are moving to quantum computing are rising demand for high-performance computing, growing popularity of quantum mechanics in cryptography, increasing use of quantum computing in drug development, etc. CAGR of 39.88% over the forecast period 2022-2027.

Market Segmentation Analysis:

  • By Component: The report shows the segmentation of the quantum computing market into three segments based on the components: hardware, software and services.

  • By Application: The report segments the global quantum computing market into three segments based on application: Optimization, Machine Learning, and Materials Simulation.

  • By Technology: The report offers the segmentation of Quantum Computing market on the basis of technology: Quantum Annealing, Superconductivity, Trapped Ion, Quantum Dot and Others.

  • By End User: The report segments the global quantum computing market into twelve segments based on end user: Financial & Investment, Transportation & Logistics, Aerospace, Agriculture, Automotive, Energy, Healthcare, Information Technology, Life Sciences, Manufacturing, Oil & Gas mining and others. Agricultural Quantum Computing Market is expected to grow at the highest CAGR.

Global Quantum Computing Market Dynamics:

growth accelerator

  • Increasing investment in quantum technology

  • Increase in quantum computing startups

  • Growing number of strategic partnerships and collaborations

  • Increasing demand for High Performance Computing (HPC)

  • Increasing use of quantum computing in drug development

  • Increasing Adoption of Quantum Computing in Banking Financial Services

challenges

  • High cost of quantum computing solutions

  • Stability and bug fix issues

  • Lack of quantum computing talent

  • Concerns about breaking public-key encryption

market trends

  • Increasing adoption of cloud-based quantum computing

  • Integrating Quantum Computing with IoT (Internet of Things)

  • Popularity of quantum mechanics in cryptography

  • Technological advances in quantum computing

key figures

  • Amazon.Com, Inc. (Amazon Web Services, Inc.)

  • microsoft corp (Microsoft Azure)

  • Alphabet Inc. (Google Cloud Platform)

  • Alibaba Group (Alibaba Cloud)

  • IBM

  • Intel Corporation

  • Nvidia Corporation

  • Toshiba Corporation

  • Rigetti computing

  • Quantum Computing Inc.

  • D Wave Systems Inc.

  • Zapata Computing

  • Xanadu Quantum Technologies Inc.

  • QC Ware Corp.

  • Ion Q

Main topics covered:

1. Summary

2. Introduction

3. Global Market Analysis

4. Regional Market Analysis

5. Effects of COVID-19

6. Market Dynamics

7. Competitive Landscape

8. Company Profiles

For more information about this report, visit https://www.researchandmarkets.com/r/3lxugs

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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