Quantum Computing Market Analysis

  • Report ID: 4910
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Quantum Computing Market Analysis

By Deployment Model (On-Premise, Cloud)

The cloud segment is poised to dominate 53% market share by 2035, owing to its ability to provide cost-effective and user-friendly access to quantum computing technology.

Additionally, the increasing demand for high-performance computing solutions, along with the increasing implementation of cloud server, is accelerating the segment growth. Cloud solutions also offer flexibility in terms of scalability, as well as access to the latest tools and technologies.

Application (Machine Learning, Optimization, Biomedical Simulations, Financial Services, Electronic Material Discovery)

The optimization segment is predicted to gain a significant market share of about 34% by the year 2035, due to increasing demand for quantum computing-based optimization solutions in the areas of logistics, energy, healthcare, finance, and government. Moreover, the growing need for efficient and cost-effective solutions to solve complex problems, as well as increasing investments in quantum computing projects will fuel the segment growth.

Our in-depth analysis of the global market includes the following segments:

    Deployment Model

  • On-Premise

  • Cloud

    Technology

  • Trapped Ions

  • Quantum Dots

  • Quantum Annealing

    Offering

  • Service

  • Software

  • Hardware

    Application

  • Machine Learning

  • Optimization

  • Biomedical Simulations

  • Financial Services

  • Electronic Material Discovery

  • Others

    End Use

  • Healthcare & Pharmaceuticals

  • Chemicals

  • Defense

  • BFSI

  • Energy & Power

  • Others

 

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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 4910
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing investments in the development of quantum computing systems, the growing number of applications of quantum computing, and the need for efficient data processing are the major factors driving the market growth.

The market size of quantum computing is anticipated to attain a CAGR of ~33.20% over the forecast period, i.e., 2023-2035.

Challenges associated with the development of quantum algorithms, as well as the lack of quantum computing standards are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Rigetti Computing, Inc., T-Systems International GmbH, Huawei Technologies Co. Ltd., IBM Corporation, D-Wave Systems Inc., Telstra Corporation Limited, Zapata Computing Inc., Microsoft Corporation, IonQ Inc., Silicon Quantum Computing, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by deployment model, technology, offering, application, end-user, and by region.

The cloud segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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