Quantum Computing & Technologies Market

Global Quantum Computing Market is valued at USD 358.6 Million in 2020 and expected to reach USD 2074.6 Million by 2027 with a CAGR of 28.5% over the forecast period

Increased demand for handling & analyzing the data for making business decisions more effective and rising incidences of cybercrime are some of the major factors driving the growth of the Global Quantum Computing & Technologies Market.

Scope of the Quantum Computing Market Report:

Quantum computing is a section of the computing area which focuses on the development of computer technology based on the concept of quantum mechanics. Quantum computing is used to know the behavior of energy and material on the atomic and subatomic levels. Quantum computing stores the data in the form of quantum bits or qubits. According to the Institute of Quantum Computing at the University of Waterloo, the quantum computing field started in 1980.  After discovering the quantum computer the problem which was unable to solve by a classical computer can easily solve the problem with minimum time by using a quantum computer. The quantum computer is used in the field of drug design, defense, artificial intelligence, in nuclear fusion, big data search, and military affairs and in many more fields. Google announces that the quantum computer have achieved quantum supremacy on 23 October 2020 which means a quantum computer can solve any problem quickly as compared to classical computers. The quantum computer is much faster than a supercomputer. in 1998 Issac Chuang of the Los Alamos National Laboratory have invented the first quantum computer which was loaded with data and output solution.

The global quantum computing market is segmented on the basis of components, application, end-user and region covered. Based on components the global quantum computing is segmented as hardware, services and software. On the basis of application global quantum computing is classified as optimizing, automation, data analytics. Based on end-user the global quantum computing is classified as healthcare and pharmaceuticals, energy and power, defense, and others

Quantum computing & technologies consists of subatomic particles such as electrons, photons that exist in more than one state at any time. Unlike traditional computers, the quantum computer comprises series of bits with additional quantum analog qubits. Qubits are physically distinguishable two states quantum mechanical systems like electron and photon in the two dimensions which are responsible for the entanglement and superpositioning movement. With the help of qubit, it becomes easy to identify, interpret and analyze the data stored in the warehouse system. Quantum computers can be operated at freezing temperatures near absolute zero which is most suitable to execute its functioning. Quantum computation is the scientific method of finding the most perfect and accurate solutions for problems that cannot be solved by traditional computers. Quantum computational technique is capable of solving polynomials, factorization, and exponential problems with the help of machine learning, Big Data, Internet of Things, Cloud Computing and artificial intelligence which consist of recurrent neural networks to optimize and extricate the dynamic data.

Quantum computing & technologies market report is segmented on the basis of type of technology, applications, component, end-user industry and by region & country level. Based upon technology, market is segmented into Blockchain, Adiabatic, Measurement-Based, superconducting and topological. Based upon applications, market is segmented into Cryptography, IoT/Big data/Artificial intelligence, teleportation, Simulation & data optimization and others. Based upon components, the market is classified as hardware, software & systems and services. Based upon end-user industry, the quantum computing & technology market is segmented into aerospace and defense, healthcare, manufacturing, it & telecommunications, energy and others.

The regions covered in this Global Quantum Computing & Technologies market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Global Quantum Computing & Technologies market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Quantum Computing Companies

Some major key players for Quantum Computing & Technologies market are,

• IBM Google
• Microsoft
• Alibaba
• D-Wave Systems Inc.
• Nokia
• Intel
• Airbus
• HP
• Toshiba
• Mitsubishi
• SK Telecom
• NEC
• Raytheon
• Lockheed Martin
• Rigetti
• Biogen
• Volkswagen