Global Quantum Computing Market: Analysis By Component, By Application, By Technology, By End-user, By Region Size, and Trends with Impact of COVID-19 and Forecast up to 2027
In 2021, the global quantum computing market was valued at US$442.32 million> and is anticipated to grow to US$3295.97 million by 2027. Quantum computing is an emerging technology that leverages the laws of quantum mechanics to address problems that are too complex for traditional computers. The word 'quantum' originates from the physics concept of Quantum Mechanics, which defines the physical properties of electrons and photons.
Quantum computers operate on the concept of 'qubits.' A qubit, also known as a quantum bit, is a fundamental unit of quantum information that is physically implemented via a two-state device. Some of the major reasons why companies are switching to quantum computing are the increasing demand for high performance computing, growing popularity of quantum mechanics in cryptography, rising use of quantum computing in drug development, etc. The quantum computing market is expected to grow at a CAGR of 39.88% over the forecast period of 2022-2027.
Market Segmentation Analysis:
By Component: The report provides the bifurcation of the quantum computing market into three segments based on component: Hardware, Software, and Services. In 2021, the hardware segment lead the quantum computing market, whereas the services quantum computing market is expected to grow at the highest CAGR due to the rise in number of start-ups around the world and heavy investments in research and development activities related to computing technology.
By Application: In the report, the global quantum computing market is divided into three segments based on the application: Optimization, Machine Learning, and Material Simulation. The optimization segment held the highest share in the market in 2021, whereas machine learning segment is expected to be the fastest growing segment in the forecasted period. This is mainly owing to the crucial role of quantum computing in improving capacity, runtime, and learning efficiency.
By Technology: The report provides the segmentation of the quantum computing market on the basis of technology: Quantum Annealing, Superconducting, Trapped Ion, Quantum Dot and Others. In 2021, the superconducting segment dominated the market, owing to the faster operations of quantum computers based on superconducting qubits technology than the computers equipped with other technologies.
By End-User: In the report, the global quantum computing market is divided into twelve segments based on the end-user: Finance & Investment, Transportation & Logistics, Aerospace, Agriculture, Automotive, Energy, Healthcare, Information Technology, Life sciences, Manufacturing, Oil, Gas, and Mining, and Others. The agriculture quantum computing market is expected to grow at the highest CAGR. Data analytics and AI-backed crop intelligence solutions represent the latest advancement that can assist farmers to make smarter decisions and take action to resolve various crop pressures before they have a chance to affect yield. A growth calculator, using quantum computing technology, enables farmers to control the speed at which plants grow to meet the optimal balance between harvest forecasts and customer demand. A quantum computer provides better machinery, soil management practices which can improve fertility. Therefore, the agriculture segment is expected to grow at the fastest rate.
By Region: The global quantum computing market can be divided into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America dominated the market in 2021, owing to the region's well-established technology development centers, increased R&D activity in developing quantum computing concepts, quantum computing applications, and quantum computers, etc. The US held the major share in the North American quantum computing market in 2021 due to early adoption of advanced technologies and an extremely competitive landscape. Asia Pacific is anticipated to lead the global quantum computing market during the forecast period, due to the growing use of emerging technologies in industrial manufacturing, continuous advancements in the IT (information technology) sector, rapid expansion of banking & finance industry, etc. In the report, the US quantum computing market is further bifurcated based on the end-user (Finance & Investment, Aerospace, Automotive, Energy, and Others).
Global Quantum Computing Market Dynamics:
Growth Drivers: One of the most important factors impacting quantum computing market dynamics is rising investments in quantum technology. Governments have been increasingly investing into QC research and development in recent years, as policymakers start to appreciate the disruptive potential of QCs. As part of the 14th five-year plan for quantum technology (2021–2025), China has announced the most public funding to date of any country, more than double the investments by EU and eight times more than US government investments. Furthermore, the market has been growing over the past few years, due to factors such as increase in quantum computing start-ups, increasing number of strategic partnerships & collaborations, increase in demand for high performance computing, increasing use of quantum computing in drug development, etc.
Challenges: However, the market has been confronted with some challenges specifically, high cost of quantum computing solutions, stability and error-correction issues, lack of quantum computing talent, etc. Quantum computers require specialized parts that aren’t being produced at large scales. They must constantly be at nearly absolute zero operating temperatures to increase their stability, which drives up costs. The cost of developing a large-scale quantum computer with many qubits is still prohibitively expensive. The cost of qubits can exceed tens of thousands of dollars and has to be supported by specialized electronics. The high price of quantum computers is impeding the market's expansion.
Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such increasing adoption of cloud-based quantum computing, integration of quantum computing with IoT (internet of things), popularity of quantum mechanics in cryptography, technological advancement in quantum computing, etc. Quantum computing has started moving from the realm of computer science and research into something that enterprises might be able to use in the workplace. The emergence of quantum computing in the cloud has excited curiosity among tech buyers who are now looking at practical applications for this kind of computing. Complex technology, skillset limitations, lack of available resources, and cost deter some organizations from investing in quantum computing technology. To ease these concerns, quantum computing vendors, select cloud-service providers, and independent software vendors are offering quantum cloud-based solutions that allow organizations to experiment with this technology.
Impact Analysis of COVID-19 and Way Forward:
The COVID-19 breakout had a significant impact on the global growth of computing services. The alarming rise in COVID patients, as well as the advent of new viral strains, has prompted the adoption of work-from-home and digitization. Rapid digitization and the adoption of smart software boosted quantum technology adoption in 2020. The pandemic has emphasized society's need for faster optimization computations and more accurate numerical models, both of which quantum computers excel at.
Competitive Landscape:
The global quantum computing market is fragmented, with the presence of big tech players, to special purpose acquisition companies (SPACs) and start-ups operating worldwide.
The key players of the global quantum computing market are
Quantum computers operate on the concept of 'qubits.' A qubit, also known as a quantum bit, is a fundamental unit of quantum information that is physically implemented via a two-state device. Some of the major reasons why companies are switching to quantum computing are the increasing demand for high performance computing, growing popularity of quantum mechanics in cryptography, rising use of quantum computing in drug development, etc. The quantum computing market is expected to grow at a CAGR of 39.88% over the forecast period of 2022-2027.
Market Segmentation Analysis:
By Component: The report provides the bifurcation of the quantum computing market into three segments based on component: Hardware, Software, and Services. In 2021, the hardware segment lead the quantum computing market, whereas the services quantum computing market is expected to grow at the highest CAGR due to the rise in number of start-ups around the world and heavy investments in research and development activities related to computing technology.
By Application: In the report, the global quantum computing market is divided into three segments based on the application: Optimization, Machine Learning, and Material Simulation. The optimization segment held the highest share in the market in 2021, whereas machine learning segment is expected to be the fastest growing segment in the forecasted period. This is mainly owing to the crucial role of quantum computing in improving capacity, runtime, and learning efficiency.
By Technology: The report provides the segmentation of the quantum computing market on the basis of technology: Quantum Annealing, Superconducting, Trapped Ion, Quantum Dot and Others. In 2021, the superconducting segment dominated the market, owing to the faster operations of quantum computers based on superconducting qubits technology than the computers equipped with other technologies.
By End-User: In the report, the global quantum computing market is divided into twelve segments based on the end-user: Finance & Investment, Transportation & Logistics, Aerospace, Agriculture, Automotive, Energy, Healthcare, Information Technology, Life sciences, Manufacturing, Oil, Gas, and Mining, and Others. The agriculture quantum computing market is expected to grow at the highest CAGR. Data analytics and AI-backed crop intelligence solutions represent the latest advancement that can assist farmers to make smarter decisions and take action to resolve various crop pressures before they have a chance to affect yield. A growth calculator, using quantum computing technology, enables farmers to control the speed at which plants grow to meet the optimal balance between harvest forecasts and customer demand. A quantum computer provides better machinery, soil management practices which can improve fertility. Therefore, the agriculture segment is expected to grow at the fastest rate.
By Region: The global quantum computing market can be divided into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America dominated the market in 2021, owing to the region's well-established technology development centers, increased R&D activity in developing quantum computing concepts, quantum computing applications, and quantum computers, etc. The US held the major share in the North American quantum computing market in 2021 due to early adoption of advanced technologies and an extremely competitive landscape. Asia Pacific is anticipated to lead the global quantum computing market during the forecast period, due to the growing use of emerging technologies in industrial manufacturing, continuous advancements in the IT (information technology) sector, rapid expansion of banking & finance industry, etc. In the report, the US quantum computing market is further bifurcated based on the end-user (Finance & Investment, Aerospace, Automotive, Energy, and Others).
Global Quantum Computing Market Dynamics:
Growth Drivers: One of the most important factors impacting quantum computing market dynamics is rising investments in quantum technology. Governments have been increasingly investing into QC research and development in recent years, as policymakers start to appreciate the disruptive potential of QCs. As part of the 14th five-year plan for quantum technology (2021–2025), China has announced the most public funding to date of any country, more than double the investments by EU and eight times more than US government investments. Furthermore, the market has been growing over the past few years, due to factors such as increase in quantum computing start-ups, increasing number of strategic partnerships & collaborations, increase in demand for high performance computing, increasing use of quantum computing in drug development, etc.
Challenges: However, the market has been confronted with some challenges specifically, high cost of quantum computing solutions, stability and error-correction issues, lack of quantum computing talent, etc. Quantum computers require specialized parts that aren’t being produced at large scales. They must constantly be at nearly absolute zero operating temperatures to increase their stability, which drives up costs. The cost of developing a large-scale quantum computer with many qubits is still prohibitively expensive. The cost of qubits can exceed tens of thousands of dollars and has to be supported by specialized electronics. The high price of quantum computers is impeding the market's expansion.
Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such increasing adoption of cloud-based quantum computing, integration of quantum computing with IoT (internet of things), popularity of quantum mechanics in cryptography, technological advancement in quantum computing, etc. Quantum computing has started moving from the realm of computer science and research into something that enterprises might be able to use in the workplace. The emergence of quantum computing in the cloud has excited curiosity among tech buyers who are now looking at practical applications for this kind of computing. Complex technology, skillset limitations, lack of available resources, and cost deter some organizations from investing in quantum computing technology. To ease these concerns, quantum computing vendors, select cloud-service providers, and independent software vendors are offering quantum cloud-based solutions that allow organizations to experiment with this technology.
Impact Analysis of COVID-19 and Way Forward:
The COVID-19 breakout had a significant impact on the global growth of computing services. The alarming rise in COVID patients, as well as the advent of new viral strains, has prompted the adoption of work-from-home and digitization. Rapid digitization and the adoption of smart software boosted quantum technology adoption in 2020. The pandemic has emphasized society's need for faster optimization computations and more accurate numerical models, both of which quantum computers excel at.
Competitive Landscape:
The global quantum computing market is fragmented, with the presence of big tech players, to special purpose acquisition companies (SPACs) and start-ups operating worldwide.
The key players of the global quantum computing market are
- 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
1. EXECUTIVE SUMMARY
2. INTRODUCTION
2.1 Quantum Computing: An Overview
2.1.1 Introduction to Quantum Computing
2.1.2 Types of Quantum Computers
2.2 Quantum Computing Segmentation: An Overview
2.2.1 Quantum Computing Segmentation
3. GLOBAL MARKET ANALYSIS
3.1 Global Quantum Computing Market: An Analysis
3.1.1 Global Quantum Computing Market: An Overview
3.1.2 Global Quantum Computing Market by Value
3.1.3 Global Quantum Computing Market by Component (Hardware, Software, and Services)
3.1.4 Global Quantum Computing Market by Application (Optimization, Machine Learning, and Material Simulation)
3.1.5 Global Quantum Computing Market by Technology (Superconducting, Quantum Annealing, Trapped Ion, Quantum Dot, and Others)
3.1.6 Global Quantum Computing Market by End-User (Finance & Investment, Transportation & Logistics, Aerospace, Agriculture, Automotive, Energy, Healthcare, Information Technology, Life sciences, Manufacturing, Oil, Gas, and Mining, and Others)
3.1.7 Global Quantum Computing Market by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa)
3.2 Global Quantum Computing Market: Component Analysis
3.2.1 Global Quantum Computing Market by Component: An Overview
3.2.2 Global Hardware Quantum Computing Market by Value
3.2.3 Global Software Quantum Computing Market by Value
3.2.4 Global Services Quantum Computing Market by Value
3.3 Global Quantum Computing Market: Application Analysis
3.3.1 Global Quantum Computing Market by Application: An Overview
3.3.2 Global Optimization Quantum Computing Market by Value
3.3.3 Global Machine Learning Quantum Computing Market by Value
3.3.4 Global Material Simulation Quantum Computing Market by Value
3.4 Global Quantum Computing Market: Technology Analysis
3.4.1 Global Quantum Computing Market by Technology: An Overview
3.4.2 Global Superconducting Quantum Computing Market by Value
3.4.3 Global Quantum Annealing Computing Market by Value
3.4.4 Global Trapped Ion Quantum Computing Market by Value
3.4.5 Global Quantum Dot Computing Market by Value
3.4.6 Global Other Quantum Computing Market by Value
3.5 Global Quantum Computing Market: End-User Analysis
3.5.1 Global Quantum Computing Market by End-User: An Overview
3.5.2 Global Life sciences Quantum Computing Market by Value
3.5.3 Global Finance & Investment Quantum Computing Market by Value
3.5.4 Global Automotive Quantum Computing Market by Value
3.5.5 Global Oil, Gas, and Mining Quantum Computing Market by Value
3.5.6 Global Manufacturing Quantum Computing Market by Value
3.5.7 Global Transportation & Logistics Quantum Computing Market by Value
3.5.8 Global Aerospace Quantum Computing Market by Value
3.5.9 Global Agriculture Quantum Computing Market by Value
3.5.10 Global Energy Quantum Computing Market by Value
3.5.11 Global Information Technology Quantum Computing Market by Value
3.5.12 Global Healthcare Quantum Computing Market by Value
3.5.13 Global Other Quantum Computing Market by Value
4. REGIONAL MARKET ANALYSIS
4.1 North America Quantum Computing Market: An Analysis
4.1.1 North America Quantum Computing Market: An Overview
4.1.2 North America Quantum Computing Market by Value
4.1.3 North America Quantum Computing Market by Region (The US, Canada, and Mexico)
4.1.4 The US Quantum Computing Market by Value
4.1.5 The US Quantum Computing Market by End-User (Finance & Investment, Aerospace, Automotive, Energy, and Others)
4.1.6 The US Quantum Computing Market End-User By Value
4.1.7 Canada Quantum Computing Market by Value
4.1.8 Mexico Quantum Computing Market by Value
4.2 Europe Quantum Computing Market: An Analysis
4.2.1 Europe Quantum Computing Market: An Overview
4.2.2 Europe Quantum Computing Market by Value
4.2.3 Europe Quantum Computing Market by Region (Germany, UK, France, Italy, Spain, and the Rest of Europe)
4.2.4 Germany Quantum Computing Market by Value
4.2.5 UK Quantum Computing Market by Value
4.2.6 France Quantum Computing Market by Value
4.2.7 Spain Quantum Computing Market by Value
4.2.8 Italy Quantum Computing Market by Value
4.2.9 Rest of Europe Quantum Computing Market by Value
4.3 Asia Pacific Quantum Computing Market: An Analysis
4.3.1 Asia Pacific Quantum Computing Market: An Overview
4.3.2 Asia Pacific Quantum Computing Market by Value
4.3.3 Asia Pacific Quantum Computing Market by Region (China, Japan, India, and the Rest of Asia-Pacific)
4.3.4 China Quantum Computing Market by Value
4.3.5 Japan Quantum Computing Market by Value
4.3.6 India Quantum Computing Market by Value
4.3.7 Rest of Asia Pacific Quantum Computing Market by Value
4.4 Latin America Quantum Computing Market: An Analysis
4.4.1 Latin America Quantum Computing Market: An Overview
4.4.2 Latin America Quantum Computing Market by Value
4.5 Middle East & Africa Quantum Computing Market: An Analysis
4.5.1 Middle East & Africa Quantum Computing Market: An Overview
4.5.2 Middle East & Africa Quantum Computing Market by Value
5. IMPACT OF COVID-19
5.1 Impact of COVID-19 on Quantum Computing Market
5.2 Post COVID-19 Impact on Quantum Computing Market
6. MARKET DYNAMICS
6.1 Growth Drivers
6.1.1 Rising Investments in Quantum Technology
6.1.2 Increase in Quantum Computing Start-ups
6.1.3 Growing Number of Strategic Partnerships & Collaborations
6.1.4 Surging Demand for High Performance Computing (HPC)
6.1.5 Growing Use of Quantum Computing in Drug Development
6.1.6 Increasing Adoption of Quantum Computing in Banking Financial Services
6.2 Challenges
6.2.1 High Cost of Quantum Computing Solutions
6.2.2 Stability and Error-correction Issues
6.2.3 Lack of Quantum Computing Talent
6.2.4 Concern of Breaking Public-Key Encryption
6.3 Market Trends
6.3.1 Increasing Adoption of Cloud-Based Quantum Computing
6.3.2 Integration of Quantum Computing with IoT (Internet of Things)
6.3.3 Popularity of Quantum Mechanics in Cryptography
6.3.4 Technological Advancement in Quantum Computing
7. COMPETITIVE LANDSCAPE
7.1 Global Quantum Computing Market Players: Key Comparison
7.2 Global Quantum Computing Market Players by Funding
7.3 Global Quantum Computing Market Players by Modality
8. COMPANY PROFILES
8.1 Amazon.Com, Inc. (Amazon Web Services, Inc.)
8.1.1 Business Overview
8.1.2 Operating Segments
8.1.3 Business Strategy
8.2 Microsoft Corp. (Microsoft Azure)
8.2.1 Business Overview
8.2.2 Operating Segments
8.2.3 Business Strategy
8.3 Alphabet Inc. (Google Cloud Platform)
8.3.1 Business Overview
8.3.2 Operating Segments
8.3.3 Business Strategy
8.4 Alibaba Group (Alibaba Cloud)
8.4.1 Business Overview
8.4.2 Operating Segments
8.4.3 Business Strategy
8.5 IBM
8.5.1 Business Overview
8.5.2 Operating Segments
8.5.3 Business Strategy
8.6 Intel Corporation
8.6.1 Business Overview
8.6.2 Operating Segments
8.6.3 Business Strategy
8.7 Nvidia Corporation
8.7.1 Business Overview
8.7.2 Operating Segments
8.7.3 Business Strategy
8.8 Toshiba Corporation
8.8.1 Business Overview
8.8.2 Operating Segments
8.8.3 Business Strategy
8.9 Rigetti Computing
8.9.1 Business Overview
8.9.2 Revenue by Type of Good or Service
8.9.3 Business Strategy
8.10 Quantum Computing Inc.
8.10.1 Business Overview
8.10.2 Business Strategy
8.11 D-Wave Systems Inc.
8.11.1 Business Overview
8.11.2 Business Strategy
8.12 Zapata Computing
8.12.1 Business Overview
8.12.2 Business Strategy
8.13 Xanadu Quantum Technologies Inc.
8.13.1 Business Overview
8.13.2 Business Strategy
8.14 QC Ware Corp.
8.14.1 Business Overview
8.14.2 Business Strategy
8.15 Ion Q
8.15.1 Business Overview
8.15.2 Business Strategy
2. INTRODUCTION
2.1 Quantum Computing: An Overview
2.1.1 Introduction to Quantum Computing
2.1.2 Types of Quantum Computers
2.2 Quantum Computing Segmentation: An Overview
2.2.1 Quantum Computing Segmentation
3. GLOBAL MARKET ANALYSIS
3.1 Global Quantum Computing Market: An Analysis
3.1.1 Global Quantum Computing Market: An Overview
3.1.2 Global Quantum Computing Market by Value
3.1.3 Global Quantum Computing Market by Component (Hardware, Software, and Services)
3.1.4 Global Quantum Computing Market by Application (Optimization, Machine Learning, and Material Simulation)
3.1.5 Global Quantum Computing Market by Technology (Superconducting, Quantum Annealing, Trapped Ion, Quantum Dot, and Others)
3.1.6 Global Quantum Computing Market by End-User (Finance & Investment, Transportation & Logistics, Aerospace, Agriculture, Automotive, Energy, Healthcare, Information Technology, Life sciences, Manufacturing, Oil, Gas, and Mining, and Others)
3.1.7 Global Quantum Computing Market by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa)
3.2 Global Quantum Computing Market: Component Analysis
3.2.1 Global Quantum Computing Market by Component: An Overview
3.2.2 Global Hardware Quantum Computing Market by Value
3.2.3 Global Software Quantum Computing Market by Value
3.2.4 Global Services Quantum Computing Market by Value
3.3 Global Quantum Computing Market: Application Analysis
3.3.1 Global Quantum Computing Market by Application: An Overview
3.3.2 Global Optimization Quantum Computing Market by Value
3.3.3 Global Machine Learning Quantum Computing Market by Value
3.3.4 Global Material Simulation Quantum Computing Market by Value
3.4 Global Quantum Computing Market: Technology Analysis
3.4.1 Global Quantum Computing Market by Technology: An Overview
3.4.2 Global Superconducting Quantum Computing Market by Value
3.4.3 Global Quantum Annealing Computing Market by Value
3.4.4 Global Trapped Ion Quantum Computing Market by Value
3.4.5 Global Quantum Dot Computing Market by Value
3.4.6 Global Other Quantum Computing Market by Value
3.5 Global Quantum Computing Market: End-User Analysis
3.5.1 Global Quantum Computing Market by End-User: An Overview
3.5.2 Global Life sciences Quantum Computing Market by Value
3.5.3 Global Finance & Investment Quantum Computing Market by Value
3.5.4 Global Automotive Quantum Computing Market by Value
3.5.5 Global Oil, Gas, and Mining Quantum Computing Market by Value
3.5.6 Global Manufacturing Quantum Computing Market by Value
3.5.7 Global Transportation & Logistics Quantum Computing Market by Value
3.5.8 Global Aerospace Quantum Computing Market by Value
3.5.9 Global Agriculture Quantum Computing Market by Value
3.5.10 Global Energy Quantum Computing Market by Value
3.5.11 Global Information Technology Quantum Computing Market by Value
3.5.12 Global Healthcare Quantum Computing Market by Value
3.5.13 Global Other Quantum Computing Market by Value
4. REGIONAL MARKET ANALYSIS
4.1 North America Quantum Computing Market: An Analysis
4.1.1 North America Quantum Computing Market: An Overview
4.1.2 North America Quantum Computing Market by Value
4.1.3 North America Quantum Computing Market by Region (The US, Canada, and Mexico)
4.1.4 The US Quantum Computing Market by Value
4.1.5 The US Quantum Computing Market by End-User (Finance & Investment, Aerospace, Automotive, Energy, and Others)
4.1.6 The US Quantum Computing Market End-User By Value
4.1.7 Canada Quantum Computing Market by Value
4.1.8 Mexico Quantum Computing Market by Value
4.2 Europe Quantum Computing Market: An Analysis
4.2.1 Europe Quantum Computing Market: An Overview
4.2.2 Europe Quantum Computing Market by Value
4.2.3 Europe Quantum Computing Market by Region (Germany, UK, France, Italy, Spain, and the Rest of Europe)
4.2.4 Germany Quantum Computing Market by Value
4.2.5 UK Quantum Computing Market by Value
4.2.6 France Quantum Computing Market by Value
4.2.7 Spain Quantum Computing Market by Value
4.2.8 Italy Quantum Computing Market by Value
4.2.9 Rest of Europe Quantum Computing Market by Value
4.3 Asia Pacific Quantum Computing Market: An Analysis
4.3.1 Asia Pacific Quantum Computing Market: An Overview
4.3.2 Asia Pacific Quantum Computing Market by Value
4.3.3 Asia Pacific Quantum Computing Market by Region (China, Japan, India, and the Rest of Asia-Pacific)
4.3.4 China Quantum Computing Market by Value
4.3.5 Japan Quantum Computing Market by Value
4.3.6 India Quantum Computing Market by Value
4.3.7 Rest of Asia Pacific Quantum Computing Market by Value
4.4 Latin America Quantum Computing Market: An Analysis
4.4.1 Latin America Quantum Computing Market: An Overview
4.4.2 Latin America Quantum Computing Market by Value
4.5 Middle East & Africa Quantum Computing Market: An Analysis
4.5.1 Middle East & Africa Quantum Computing Market: An Overview
4.5.2 Middle East & Africa Quantum Computing Market by Value
5. IMPACT OF COVID-19
5.1 Impact of COVID-19 on Quantum Computing Market
5.2 Post COVID-19 Impact on Quantum Computing Market
6. MARKET DYNAMICS
6.1 Growth Drivers
6.1.1 Rising Investments in Quantum Technology
6.1.2 Increase in Quantum Computing Start-ups
6.1.3 Growing Number of Strategic Partnerships & Collaborations
6.1.4 Surging Demand for High Performance Computing (HPC)
6.1.5 Growing Use of Quantum Computing in Drug Development
6.1.6 Increasing Adoption of Quantum Computing in Banking Financial Services
6.2 Challenges
6.2.1 High Cost of Quantum Computing Solutions
6.2.2 Stability and Error-correction Issues
6.2.3 Lack of Quantum Computing Talent
6.2.4 Concern of Breaking Public-Key Encryption
6.3 Market Trends
6.3.1 Increasing Adoption of Cloud-Based Quantum Computing
6.3.2 Integration of Quantum Computing with IoT (Internet of Things)
6.3.3 Popularity of Quantum Mechanics in Cryptography
6.3.4 Technological Advancement in Quantum Computing
7. COMPETITIVE LANDSCAPE
7.1 Global Quantum Computing Market Players: Key Comparison
7.2 Global Quantum Computing Market Players by Funding
7.3 Global Quantum Computing Market Players by Modality
8. COMPANY PROFILES
8.1 Amazon.Com, Inc. (Amazon Web Services, Inc.)
8.1.1 Business Overview
8.1.2 Operating Segments
8.1.3 Business Strategy
8.2 Microsoft Corp. (Microsoft Azure)
8.2.1 Business Overview
8.2.2 Operating Segments
8.2.3 Business Strategy
8.3 Alphabet Inc. (Google Cloud Platform)
8.3.1 Business Overview
8.3.2 Operating Segments
8.3.3 Business Strategy
8.4 Alibaba Group (Alibaba Cloud)
8.4.1 Business Overview
8.4.2 Operating Segments
8.4.3 Business Strategy
8.5 IBM
8.5.1 Business Overview
8.5.2 Operating Segments
8.5.3 Business Strategy
8.6 Intel Corporation
8.6.1 Business Overview
8.6.2 Operating Segments
8.6.3 Business Strategy
8.7 Nvidia Corporation
8.7.1 Business Overview
8.7.2 Operating Segments
8.7.3 Business Strategy
8.8 Toshiba Corporation
8.8.1 Business Overview
8.8.2 Operating Segments
8.8.3 Business Strategy
8.9 Rigetti Computing
8.9.1 Business Overview
8.9.2 Revenue by Type of Good or Service
8.9.3 Business Strategy
8.10 Quantum Computing Inc.
8.10.1 Business Overview
8.10.2 Business Strategy
8.11 D-Wave Systems Inc.
8.11.1 Business Overview
8.11.2 Business Strategy
8.12 Zapata Computing
8.12.1 Business Overview
8.12.2 Business Strategy
8.13 Xanadu Quantum Technologies Inc.
8.13.1 Business Overview
8.13.2 Business Strategy
8.14 QC Ware Corp.
8.14.1 Business Overview
8.14.2 Business Strategy
8.15 Ion Q
8.15.1 Business Overview
8.15.2 Business Strategy
LIST OF FIGURES
Figure 1: Types of Quantum Computers
Figure 2: Quantum Computing Segmentation
Figure 3: Global Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 4: Global Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 5: Global Quantum Computing Market by Component; 2021 (Percentage, %)
Figure 6: Global Quantum Computing Market by Application; 2021 (Percentage, %)
Figure 7: Global Quantum Computing Market by Technology; 2021 (Percentage, %)
Figure 8: Global Quantum Computing Market by End-User; 2021 (Percentage, %)
Figure 9: Global Quantum Computing Market by Region; 2021 (Percentage, %)
Figure 10: Global Hardware Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 11: Global Hardware Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 12: Global Software Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 13: Global Software Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 14: Global Services Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 15: Global Services Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 16: Global Optimization Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 17: Global Optimization Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 18: Global Machine Learning Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 19: Global Machine Learning Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 20: Global Material Simulation Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 21: Global Material Simulation Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 22: Global Superconducting Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 23: Global Superconducting Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 24: Global Quantum Annealing Computing Market by Value; 2017-2021 (US$ Million)
Figure 25: Global Quantum Annealing Computing Market by Value; 2022-2027 (US$ Million)
Figure 26: Global Trapped Ion Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 27: Global Trapped Ion Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 28: Global Quantum Dot Computing Market by Value; 2017-2021 (US$ Million)
Figure 29: Global Quantum Dot Computing Market by Value; 2022-2027 (US$ Million)
Figure 30: Global Other Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 31: Global Other Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 32: Global Life sciences Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 33: Global Life sciences Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 34: Global Finance & Investment Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 35: Global Finance & Investment Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 36: Global Automotive Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 37: Global Automotive Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 38: Global Oil, Gas, and Mining Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 39: Global Oil, Gas, and Mining Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 40: Global Manufacturing Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 41: Global Manufacturing Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 42: Global Transportation & Logistics Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 43: Global Transportation & Logistics Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 44: Global Aerospace Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 45: Global Aerospace Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 46: Global Agriculture Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 47: Global Agriculture Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 48: Global Energy Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 49: Global Energy Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 50: Global Information Technology Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 51: Global Information Technology Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 52: Global Healthcare Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 53: Global Healthcare Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 54: Global Other Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 55: Global Other Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 56: North America Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 57: North America Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 58: North America Quantum Computing Market by Region; 2021 (Percentage, %)
Figure 59: The US Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 60: The US Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 61: The US Quantum Computing Market by End-User; 2021 (Percentage, %)
Figure 62: The US Quantum Computing Market End-User By Value; 2019-2021 (US$ Million)
Figure 63: The US Quantum Computing Market End-User By Value; 2022-2027 (US$ Million)
Figure 64: Canada Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 65: Canada Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 66: Mexico Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 67: Mexico Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 68: Europe Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 69: Europe Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 70: Europe Quantum Computing Market by Region; 2021 (Percentage, %)
Figure 71: Germany Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 72: Germany Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 73: UK Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 74: UK Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 75: France Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 76: France Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 77: Spain Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 78: Spain Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 79: Italy Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 80: Italy Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 81: Rest of Europe Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 82: Rest of Europe Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 83: Asia Pacific Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 84: Asia Pacific Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 85: Asia Pacific Quantum Computing Market by Region; 2021 (Percentage, %)
Figure 86: China Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 87: China Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 88: Japan Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 89: Japan Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 90: India Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 91: India Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 92: Rest of Asia Pacific Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 93: Rest of Asia Pacific Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 94: Latin America Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 95: Latin America Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 96: Middle East & Africa Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 97: Middle East & Africa Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 98: Quantum Computing Planned Government Funding by Country; 2021 (US$ Billion)
Figure 99: Global Venture Capital (VC) Backing for Quantum Computing Start-ups; 2021 (US$ Million)
Figure 100: Amazon.Com, Inc. Net Sales by Segment; 2021 (Percentage, %)
Figure 101: Microsoft Corp. Revenue by Segment; 2022 (Percentage, %)
Figure 102: Alphabet Inc. Revenues by Segment; 2021 (Percentage, %)
Figure 103: Alibaba Group Revenue by Operating Segment; 2022 (Percentage, %)
Figure 104: IBM Revenue by Segment; 2021 (Percentage, %)
Figure 105: Intel Corporation Net Revenue by Segments; 2021 (Percentage, %)
Figure 106: Nvidia Corporation Revenues by Segments; 2022 (Percentage, %)
Figure 107: Toshiba Corporation Net Sales by Segments; 2022 (Percentage, %)
Figure 108: Rigetti Computing Revenue by Type of Good or Service; 2021 (Percentage, %)
Table 1: Governments Role in Quantum Computing
Table 2: Global Quantum Computing Market Players: Key Comparison
Table 3: Global Quantum Computing Market Players by Funding (US$ Million)
Table 4: Global Quantum Computing Market Players by Modality
Figure 1: Types of Quantum Computers
Figure 2: Quantum Computing Segmentation
Figure 3: Global Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 4: Global Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 5: Global Quantum Computing Market by Component; 2021 (Percentage, %)
Figure 6: Global Quantum Computing Market by Application; 2021 (Percentage, %)
Figure 7: Global Quantum Computing Market by Technology; 2021 (Percentage, %)
Figure 8: Global Quantum Computing Market by End-User; 2021 (Percentage, %)
Figure 9: Global Quantum Computing Market by Region; 2021 (Percentage, %)
Figure 10: Global Hardware Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 11: Global Hardware Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 12: Global Software Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 13: Global Software Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 14: Global Services Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 15: Global Services Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 16: Global Optimization Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 17: Global Optimization Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 18: Global Machine Learning Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 19: Global Machine Learning Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 20: Global Material Simulation Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 21: Global Material Simulation Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 22: Global Superconducting Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 23: Global Superconducting Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 24: Global Quantum Annealing Computing Market by Value; 2017-2021 (US$ Million)
Figure 25: Global Quantum Annealing Computing Market by Value; 2022-2027 (US$ Million)
Figure 26: Global Trapped Ion Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 27: Global Trapped Ion Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 28: Global Quantum Dot Computing Market by Value; 2017-2021 (US$ Million)
Figure 29: Global Quantum Dot Computing Market by Value; 2022-2027 (US$ Million)
Figure 30: Global Other Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 31: Global Other Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 32: Global Life sciences Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 33: Global Life sciences Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 34: Global Finance & Investment Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 35: Global Finance & Investment Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 36: Global Automotive Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 37: Global Automotive Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 38: Global Oil, Gas, and Mining Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 39: Global Oil, Gas, and Mining Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 40: Global Manufacturing Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 41: Global Manufacturing Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 42: Global Transportation & Logistics Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 43: Global Transportation & Logistics Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 44: Global Aerospace Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 45: Global Aerospace Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 46: Global Agriculture Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 47: Global Agriculture Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 48: Global Energy Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 49: Global Energy Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 50: Global Information Technology Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 51: Global Information Technology Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 52: Global Healthcare Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 53: Global Healthcare Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 54: Global Other Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 55: Global Other Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 56: North America Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 57: North America Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 58: North America Quantum Computing Market by Region; 2021 (Percentage, %)
Figure 59: The US Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 60: The US Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 61: The US Quantum Computing Market by End-User; 2021 (Percentage, %)
Figure 62: The US Quantum Computing Market End-User By Value; 2019-2021 (US$ Million)
Figure 63: The US Quantum Computing Market End-User By Value; 2022-2027 (US$ Million)
Figure 64: Canada Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 65: Canada Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 66: Mexico Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 67: Mexico Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 68: Europe Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 69: Europe Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 70: Europe Quantum Computing Market by Region; 2021 (Percentage, %)
Figure 71: Germany Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 72: Germany Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 73: UK Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 74: UK Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 75: France Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 76: France Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 77: Spain Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 78: Spain Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 79: Italy Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 80: Italy Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 81: Rest of Europe Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 82: Rest of Europe Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 83: Asia Pacific Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 84: Asia Pacific Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 85: Asia Pacific Quantum Computing Market by Region; 2021 (Percentage, %)
Figure 86: China Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 87: China Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 88: Japan Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 89: Japan Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 90: India Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 91: India Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 92: Rest of Asia Pacific Quantum Computing Market by Value; 2019-2021 (US$ Million)
Figure 93: Rest of Asia Pacific Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 94: Latin America Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 95: Latin America Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 96: Middle East & Africa Quantum Computing Market by Value; 2017-2021 (US$ Million)
Figure 97: Middle East & Africa Quantum Computing Market by Value; 2022-2027 (US$ Million)
Figure 98: Quantum Computing Planned Government Funding by Country; 2021 (US$ Billion)
Figure 99: Global Venture Capital (VC) Backing for Quantum Computing Start-ups; 2021 (US$ Million)
Figure 100: Amazon.Com, Inc. Net Sales by Segment; 2021 (Percentage, %)
Figure 101: Microsoft Corp. Revenue by Segment; 2022 (Percentage, %)
Figure 102: Alphabet Inc. Revenues by Segment; 2021 (Percentage, %)
Figure 103: Alibaba Group Revenue by Operating Segment; 2022 (Percentage, %)
Figure 104: IBM Revenue by Segment; 2021 (Percentage, %)
Figure 105: Intel Corporation Net Revenue by Segments; 2021 (Percentage, %)
Figure 106: Nvidia Corporation Revenues by Segments; 2022 (Percentage, %)
Figure 107: Toshiba Corporation Net Sales by Segments; 2022 (Percentage, %)
Figure 108: Rigetti Computing Revenue by Type of Good or Service; 2021 (Percentage, %)
Table 1: Governments Role in Quantum Computing
Table 2: Global Quantum Computing Market Players: Key Comparison
Table 3: Global Quantum Computing Market Players by Funding (US$ Million)
Table 4: Global Quantum Computing Market Players by Modality
