Quantum Computing Segmentation
Offering (Services, Systems)
The services systems segment of the quantum computing market is anticipated to grasp a leading 52% revenue share by the end of 2037. The growth is led by the rise of QCaaS, or quantum computing as a service. QCaaS allows companies of all sizes to gain access to quantum computing tools, software, and hardware without having to invest in expensive infrastructure. In July 2021, Oxford Quantum Circuits (OQC) introduced the UK’s first commercially available QCaaS built entirely using its proprietary technology. This marks a critical turning point in the UK's and the world's efforts to completely comprehend the potential of quantum computing.
Application (Optimization, Machine Learning, Simulation, Cryptography, Others)
The optimization segment is likely to hold around 33% revenue share owing to the growing demand for quantum computing in the banking and logistics industries to solve complex issues faster. For instance, according to NIST, complex problems can be solved 100 times faster by quantum algorithms than by traditional systems. With the help of quantum computing optimization, the logistics sector is transforming, which is solving scheduling and routing issues for delivery trucks, public transit, and tour vehicles.
Our in-depth analysis of the quantum computing market includes the following segments:
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