Global Quantum Computing Market– Industry Trends and Forecast to 2024

Market Definition: Global Quantum Computing Market

Quantum computing are computing systems that use quantum bits, or qubits, to encode information as 0s, 1s, or both at the same time, unlike conventional digital computers. These systems make direct use of quantum-mechanical phenomena, such as superposition and entanglement, to perform operations on data which enables them to analyze and manipulate large combinations of data at once. The factors which are driving the growth of the market include increasing adoption of quantum computing in the defense and automotive industry and increasing investment by government entities.

Market Analysis: Global Quantum Computing Market

The Global Quantum Computing Market accounted for USD 88.1 billion in 2016 growing at a CAGR of 29.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Segmentation: Global Quantum Computing Market

The quantum computing market is segmented on the basis of revenue source into hardware, software and services. The global quantum computing market is also segmented on the basis of applications into simulation, optimization, and sampling. On the basis of end user the global quantum computing market is further segmented into defense, healthcare & pharmaceuticals, chemicals, banking & finance, and energy & power.
On the basis of geography, global quantum computing market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Major Market Competitors: Global Quantum Computing Market

Some of the major players of the global quantum computing market are D-Wave Systems Inc., International Business Machines Corporation, Anyon Systems Inc., Cambridge Quantum Computing Limited, QC Ware, Corp., Qxbranch, 1qb Information, Chnologies, Magiq Technologies, Google Inc., Stationq-Microsoft, Intel Corporation, Booz Allen Hamilton Inc., Hewlett Packard, Toshiba Research Europe Ltd., QbitLogic, QuantumCTek Co., Ltd, SPARROW QUANTUM A/S, Qubitekk, Tokyo Quantum Computing, Quantum Circuits, Inc., Rigetti Computing,  among others.
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