CHICAGO, April 5, 2024 \/PRNewswire\/ -- The Quantum Computing market size is valued at USD 1.3 billion in 2024 and is anticipated to be USD 5.3 billion by 2029; growing at a CAGR of 32.7% from 2024 to 2029 according to a new report by MarketsandMarkets.The key factors contributing to the growth of the quantum computing market include quantum computers, which have the potential to outperform classical computers vastly for certain types of problems. Tasks that are computationally intensive or classical computers face challenges when tackling certain types of issues, such as factoring large numbers or accurately simulating quantum systems. This increased computational power drives demand from industries seeking solutions to complex problems. <\/p>\n
Download PDF Brochure:https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=144888301<\/a> <\/p>\n Browse in-depth TOC on \"Quantum Computing Market\" 155 Tables 70 Figures 250 Pages <\/p>\n Quantum Computing Market ReportScope: <\/p>\n Report Coverage <\/p>\n Details <\/p>\n Market Revenue in 2024 <\/p>\n $ 1.3 billion <\/p>\n Estimated Value by 2029 <\/p>\n $ 5.3 billion <\/p>\n Growth Rate <\/p>\n Poised to grow at a CAGR of 32.7% <\/p>\n Market Size Available for <\/p>\n 20202029 <\/p>\n Forecast Period <\/p>\n 20242029 <\/p>\n Forecast Units <\/p>\n Value (USD Million\/Billion) <\/p>\n Report Coverage <\/p>\n Revenue Forecast, Competitive Landscape, Growth Factors, and Trends <\/p>\n Segments Covered <\/p>\n By Offering, Deployment, Application, Technology, End User and Region <\/p>\n Geographies Covered <\/p>\n North America, Europe, Asia Pacific, and Rest of World <\/p>\n Key Market Challenge <\/p>\n Shortage of quantum computing technology skilled working professional <\/p>\n Key Market Opportunities <\/p>\n Technological advancement in quantum computing technology <\/p>\n Key Market Drivers <\/p>\n Rising investments in quantum computing technology <\/p>\n Based on technology Superconductingqubits has the largest share in 2023. <\/p>\n A superconducting qubit is a type of qubit that is used in quantum computing. It is based on superconducting materials with zero electrical resistance when cooled to low temperatures. Superconducting qubits can be fabricated using well-established semiconductor manufacturing techniques, allowing for the creation of large-scale quantum computing systems. This scalability is crucial for building practical quantum computers capable of solving complex problems. The QCaaS sub-segment of the quantum computing market for the superconducting qubit segment is projected to grow at a higher CAGR than the consulting services sub-segment during the forecast period. <\/p>\n The health and pharmaceutical segment to grow with the highest CAGR of the quantum computing market during the forecast period. <\/p>\n The healthcare and pharmaceutical industry is one of the flourishing industries in the world. Governments of various countries have increased their healthcare and pharmaceutical spending. Companies in this industry focus on adopting emerging technologies, such as quantum computing. Quantum computing technology helps scientists to develop medical and diagnostics tools that are helps to personalized. <\/p>\n On-premises deployment is expected to grow significantly during the forecast period. <\/p>\n On-premises quantum computing is a type of quantum computing hosted on a company's hardware. This type of computing is ideal for companies that want to leverage the power of quantum computing but do not want to rely on cloud computing providers. On-premises quantum computing allows companies to keep their data and processes within their infrastructure and maintain ownership and control of their own data. On-premises quantum computing offers greater security because the hardware and software remain under the organization's control. <\/p>\n Inquiry Before Buying: https:\/\/www.marketsandmarkets.com\/Enquiry_Before_BuyingNew.asp?id=144888301<\/a> <\/p>\n North America holds largest market size of the quantum computing market during the forecast period. <\/p>\n The US and Canada are the major contributors to the rapid increase of the quantum computing industry in North American region. This region is a major market for quantum computing systems and services as it is home to several key players, such as D-Wave Systems, 1QB Information Technologies, IBM, and Amazon. Many leading players in the quantum computing market are based in this region. <\/p>\n The key players in the quantum computing companies are IBM (US), D-Wave Quantum Inc. (Canada), Microsoft (US), Amazon Web Services (US), Rigetti Computing (US), Fujitsu (Japan), Hitachi (Japan), Toshiba (Japan), Google (US), Intel (US), Quantinuum (US), Huawei (China), NEC (Japan), Accenture (Ireland), Nippon Telegraph and Telephone (Japan), Bosch (Germany), Quantum Computing Inc (US), IonQ (US), QC Ware (US), PsiQuantum (US), Alpine Quantum Technologies GmbH (Tyrol), Xanadu (Canada), Zapata Computing (US), and Northrop Grumman (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares. <\/p>\n Get 10% Free Customization on this Report: https:\/\/www.marketsandmarkets.com\/requestCustomizationNew.asp?id=144888301<\/a> <\/p>\n Browse Adjacent Market: Semiconductor and Electronics MarketResearch Reports &Consulting <\/p>\n Related Reports: <\/p>\n Deep Learning Marketby Offering (Hardware, Software, and Services), Application (Image Recognition, Signal Recognition, Data Mining), End-User Industry (Security, Marketing, Healthcare, Fintech, Automotive, Law), and Geography - Global Forecast to 2023 <\/p>\n Photonic Integrated Circuit (IC) & Quantum Computing Market(2012 2022): By Application (Optical Fiber Communication, Optical Fiber Sensors, Biomedical); Components (Lasers, Attenuators); Raw Materials (Silica on Silicon, Silicon on Insulator) <\/p>\n High-performance Computing (HPC) Marketby Component, Computation Type (Parallel Computing, Distributed computing and Exascale Computing), Industry, Deployment, Server Price Band, Verticals & Region 2027 <\/p>\n Silicon Photonics Market(SiPh) Size, Share, Statistics and Industry Growth Analysis Report with Recession Impact Analysis by Product (Transceivers, Switches, Sensors), Application (Data Centers & High-Performance Computing, Telecommunications), Waveguide, Component and Geography - Global Forecast to 2028 <\/p>\n Silicon on Insulator Marketby Wafer Size (200 mm and less than 200 mm, 300 mm), Wafer Type (RF-SOI, FD-SOI, Power-SOI, Emerging-SOI), Technology (Smart Cut), Product (MEMS Devices, RF FEM Products), Application and Region - Global Forecast to 2027 <\/p>\n About MarketsandMarkets <\/p>\n MarketsandMarkets has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. <\/p>\n MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. <\/p>\n Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. <\/p>\n The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. <\/p>\n Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. <\/p>\n To find out more, visit http:\/\/www.MarketsandMarkets.com<\/a> or follow us on Twitter, LinkedIn and Facebook. <\/p>\n Contact: Mr. Aashish Mehra MarketsandMarkets INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: [emailprotected] Visit Our Web Site: https:\/\/www.marketsandmarkets.com\/<\/a> Research Insight: https:\/\/www.marketsandmarkets.com\/ResearchInsight\/quantum-computing-market.asp<\/a> Content Source: https:\/\/www.marketsandmarkets.com\/PressReleases\/quantum-computing.asp<\/a> <\/p>\n Logo: https:\/\/mma.prnewswire.com\/media\/2297424\/MarketsandMarkets_Logo.jpg<\/a> <\/p>\n SOURCE MarketsandMarkets <\/p>\n <\/p>\n Visit link: CHICAGO, April 5, 2024 \/PRNewswire\/ -- The Quantum Computing market size is valued at USD 1.3 billion in 2024 and is anticipated to be USD 5.3 billion by 2029; growing at a CAGR of 32.7% from 2024 to 2029 according to a new report by MarketsandMarkets.The key factors contributing to the growth of the quantum computing market include quantum computers, which have the potential to outperform classical computers vastly for certain types of problems. Tasks that are computationally intensive or classical computers face challenges when tackling certain types of issues, such as factoring large numbers or accurately simulating quantum systems. This increased computational power drives demand from industries seeking solutions to complex problems. Continue reading
\nQuantum Computing Market worth $5.3 billion by 2029 - Exclusive Report by MarketsandMarkets - PR Newswire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
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