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Topological Quantum Computing Market Segmentation by Offering (System, and Service); by Deployment (On Premises, and Cloud Based); by Application (Optimization, Machine Learning, Simulation, and Others)– Global Demand Analysis and Opportunity Outlook 2030

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Extensive insights into the Growth of Topological Quantum Computing Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • May 2021:  CINECA and D-Wave Systems Inc. declared a collaboration that aims to supply Italian universities, developers and researchers an access to practical quantum computing resources and technology through D-Wave’s Leap quantum cloud service.

  • April 2021: Hewlett Packard Enterprise had been awarded SGD 40 million to create a new supercomputer for the National Supercomputing Centre (NSCC) in Singapore to support the science and engineering computing needs for academic, business and research communities. This new computer can be 8 times quicker than NSCC’s existing HPC resources.

Global Topological Quantum Computing Market Highlights 2030

The global topological quantum computing market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2022-2030, which can be attributed to the increasing product launches associated with topological quantum computing, rising adoption of quantum computing in the BFSI sector and growing involvement of companies to expand their geographic presence. Moreover, rising emphasis of organizations on R&D activities to develop innovative techniques in the field of topological quantum computing is also expected to be a major factor to create significant opportunities for the market in the upcoming years. Furthermore, as topological quantum computation is precisely a new and different approach to quantum computing, it is capable of employing systems with a unique way of encoding and processing information in a fault-tolerant way, which is projected to significantly increase the demand for topological quantum computing systems in the near future.

Topological quantum computing market Graph

The market is segmented on the basis of offering into system and service, out of which, the service segment is anticipated to grab the largest market share, attributing to the increasing number of startups across the world which are investing in research and development activities related to topological quantum computing technology. Additionally, on the basis of deployment, the cloud-based segment is estimated to grab the largest market share over the forecast period owing to the increasing development of effective cloud systems, and rising demand for cloud-based deployment of quantum computing service. Along with this, the flexibility of access offered by cloud is expected to be another factor fueling the growing adoption of cloud-based deployment of topological quantum computing systems and service in the coming years. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Research and Development Expenditure Graph

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud service, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labour productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and service in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Topological Quantum Computing Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The market in North America is predicted to grow at the highest CAGR over the forecast period ascribing to the growing number of strategic collaborations among companies for the advancement of topological quantum computing technology and the strong presence of major players in the region. Moreover, the market in APAC is estimated to acquire the largest market share during the forecast period, which can be credited to the growing usage of advanced technologies in the pharmaceutical, banking and finance, and manufacturing sectors. Apart from these, countries such as China, Japan, and South Korea are the leading manufacturers of consumer electronics in Asia and there is a high requirement to resolve issues associated with optimization, simulation, and machine learning applications across the industry, which in turn is anticipated to boost market growth in this region. For instance, in 2018, China produced around 300 million computers, approximately 2 billion smartphones and 200 million televisions.

Topological Quantum Computing Market Share Graph

The global topological quantum computing market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

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

By Offering

  • System
  • Service

By Deployment

  • On Premises
  • Cloud Based

By Application

  • Optimization
  • Machine learning
  • Simulation
  • Others

Growth Drivers

  • Increase in Usage of Smart Devices
  • Rising Adoption of Quantum Computing in Banking and Finance Industry

Challenges

  • Growing Use of Computer Languages in Topological Quantum Computing Resulting in Increased Complexity
  • Rising Concerns Related to Data Privacy

Key Players Dominating the Market

  • Microsoft Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • IBM Corporation
  • Google LLC
  • SAP Group
  • D-Wave Systems Inc.
  • Airbus S.A.S.
  • Raytheon Technologies Corporation
  • Intel Corporation
  • Hewlett Packard Enterprise Development LP
  • Alibaba (China) Co., Ltd

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