Quantum Computing Market Size

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

Quantum Computing Market Size

Quantum Computing Market size is expected to cross USD 50 Billion by the end of 2035, growing at a CAGR of 33% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of quantum computing was USD 1.61 Billion. The market growth can be credited to the increasing demand for advanced computing capabilities along with rising need for improved analytics and programming skills.

The quantum computing technology is also gaining traction owing to its ability to solve complex problems quickly and accurately. Additionally, the rising need for secure data processing and quantum computing's potential to offer a secure quantum network will fuel the market demand.

In addition to these, potential for increased computing power, enhanced security, and improved data analytics capabilities will boost the market expansion. Quantum computing offers the potential to revolutionize certain tasks that traditional computing cannot easily handle, such as complex optimization problems and machine learning. Moreover, the ever-rising number of quantum computers worldwide is projected to impel the market growth.


Quantum Computing Market
Get more information on this report: Request Free Sample PDF

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.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying