Market Overview: Quantum Computing Market FY2024-2030
This reports provides an essential and dependable overview of the Quantum Computing Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Quantum Computing Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 38.98% (2024-2030)
The Global Quantum Computing Market size is valued at USD value 1.1 billion in 2023 and is projected to reach USD 5.2 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 38.98% during the forecast period, i.e., 2024-30.
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Quantum Computing Market Opportunity:
Rising Requirement for Quantum Computing Technology in Numerous Industries - There is a growing possibility to imply methods of quantum mechanics in various industries to progress forward. such as, quantum technologies have a broad scope of implementations across many sectors, including BFSI, defense, agriculture, transport, healthcare, etc.
Besides, rapid technical breakthroughs and reliance on technology to resolve complicated issues provide a lucrative opportunity for the market players. Furthermore, the steady efforts to come up with time and money-saving solutions by the tech giants are projected to provide unprecedented market growth through the forecast years.
Quantum Computing Market Segmentation Analysis – FY2024-2030
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Quantum Computing Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Quantum Computing Market segmentation is enlisted below:
By Offerings
- Hardware
- Software
- Services
By Deployment
- On Premises
- Cloud
- Hybrid
By Technology
- Quantum Annealing
- Superconducting
- Trapped Ion
- Quantum Dots
- Others
By Application
- Machine Learning
- Numerical Simulation
- Model Optimization
By End User
- Private Companies
- Academia
- Government
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By Sector
- Aerospace & Defense
- Agriculture
- Finance & Investment
- IT & Communications
- Agriculture
- Logistics & Transportation
- Automove & Mobility
- Energy & Power
- Chemicals & Materials
- Life Sciences & Pharma
- Medical Devices & Imaging
- Others
By Region
- North America
- South America
- Europe
- Asia-Pacific
- Rest of the World
Quantum Computing Market Competitive Landscape
Wave System Inc., IBM Corporation, Lockheed Martin, Google Research, Intel Corporation, Hewlett Packard Enterprise, QC Ware Corporation, Cambridge Quantum Computing Ltd., Fujitsu Ltd., Accenture and others..
Quantum Computing Industry News:
- In February 2024, D-Wave, launched their latest prototype, the Advantage2, bragging over 1.200 qubits, via their leap quantum cloud service. It enables the current leap subscribers to access the latest hardware quickly, while newcomers can register for the leap & enjoy up to one minute of free usage of the Advantage2 prototype, along with other quantum processing units, and solvers available on the platform.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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