The Quantum Computing Market Size was valued at USD 1.03 Billion in 2023 and is expected to reach USD 10.31 Billion by 2032 and grow at a CAGR of 29.1% over the forecast period 2024-2032.
Quantum Computing Market, an emerging example of computation leveraging quantum mechanics, is revolutionizing industries by solving complex problems beyond the reach of classical computers. The quantum computing market has witnessed significant growth in recent years, driven by advancements in hardware, and software, and a growing demand for computational power to tackle real-world challenges in industries such as healthcare, finance, aerospace, and energy. This market is poised to experience exponential growth, with increased investment from governments, tech giants, and startups shaping the future of technology.
In the United States, the federal government has notably increased its funding for quantum research and development, reflecting a strategic focus on maintaining leadership in quantum technologies. In fiscal year 2023, the U.S. government allocated approximately $932 million to quantum computing initiatives. This surge in funding is part of a broader commitment to quantum information science (QIS), as outlined in the National Quantum Initiative Act. The act mandates a coordinated federal program to accelerate quantum research and development, aiming to enhance the nation's economic and national security.
KEY DRIVERS:
Increasing Demand for Advanced Computational Power Drives Growth in Quantum Computing Market
As industries face growing data complexities and computational challenges, the need for advanced computational power has driven the quantum computing market. Traditional computing systems are limited in their ability to solve intricate problems related to artificial intelligence (AI), machine learning, drug discovery, and climate modeling. Quantum computing offers unprecedented capabilities for addressing such complex issues by utilizing quantum bits (qubits) that can represent and process information in multiple states simultaneously. This enables quantum systems to solve optimization problems, simulate molecular structures, and enhance decision-making processes at speeds that classical computers cannot match. Several sectors, including healthcare, energy, aerospace, and finance, are particularly interested in these capabilities to improve efficiency and innovation.
In healthcare, quantum computing can accelerate drug discovery and personalized medicine, while in finance, it can help optimize portfolio management and risk assessment. As more industries realize the potential of quantum computing to revolutionize their processes and tackle problems that were once deemed insurmountable, the demand for quantum systems and expertise continues to rise. The ongoing developments in quantum hardware and software only add to the growing momentum in this market.
Significant Investments and Collaborations Fuel Expansion of Quantum Computing Capabilities
Substantial investments from both the private sector and governments have played a crucial role in the rapid development of quantum computing technology. Global players such as IBM, Google, Microsoft, and Amazon have allocated billions of dollars towards research and development (R&D) to push the boundaries of quantum computing. These investments are not limited to hardware; significant resources are also dedicated to software platforms, algorithms, and applications that can leverage the power of quantum systems.
Additionally, governments worldwide are increasing their support for quantum research through initiatives like the U.S. National Quantum Initiative, which was launched to advance quantum technologies with funding in the hundreds of millions of dollars. Public-private collaborations further bolster these efforts, with organizations partnering to accelerate the commercialization of quantum computing and bring the technology to a broader audience. This influx of capital and cooperation is helping to overcome existing barriers related to hardware development, error correction, and scalability. With continued investment, quantum computing is expected to reach greater levels of sophistication and accessibility.
RESTRAIN:
High Costs and Lack of Scalability Pose Challenges to Widespread Adoption of Quantum Computing
Despite the promising advancements in quantum computing, the high costs of quantum hardware and the current limitations in scalability present significant challenges to the widespread adoption of the technology. Quantum computers require extremely sophisticated hardware, including qubits that need to be isolated from external interference, necessitating complex and expensive cryogenic systems and infrastructure. These requirements make quantum computing systems difficult to build and maintain at scale, limiting access to only the largest organizations with substantial budgets for R&D and infrastructure. Additionally, the technology’s current lack of scalability means that even though quantum computers can perform specific tasks more efficiently than classical computers, their real-world application is still limited. Until there are significant breakthroughs in qubit coherence, error correction, and the overall size of quantum systems, the technology will remain largely experimental. This means that for many companies, particularly small and medium-sized enterprises, the cost of adoption is prohibitive, and the immediate return on investment remains uncertain. While solutions to these challenges are being actively explored, it will take time for quantum computing to reach a level where it can be widely and cost-effectively deployed across various industries.
BY COMPONENT
In 2023, the System segment of the quantum computing market accounted for the largest share, with an estimated revenue of 64%. This dominance can be attributed to the continuous development of quantum hardware, particularly quantum processors and quantum computers that form the backbone of quantum systems. Companies like IBM, Google, and D-Wave have made significant strides in this segment. For instance, IBM’s Quantum System One has set a high standard for integrated quantum systems, combining hardware, software, and a quantum cloud service.
The Services segment in the quantum computing market is expected to grow at the largest CAGR of 30.29% during the forecasted period 2024-2032, driven by increasing demand for Quantum-as-a-Service (QaaS) and cloud-based quantum computing platforms. Quantum computing services offer companies access to quantum resources without requiring significant upfront investment in hardware. Leading firms like IBM, Microsoft, and Amazon Web Services (AWS) are expanding their service offerings.
BY END-USER
In 2023, the BFSI (Banking, Financial Services, and Insurance) segment accounted for the largest market share of the quantum computing market, contributing approximately 25% of the total revenue. This is largely driven by the sector's need for enhanced computational power to optimize risk management, portfolio optimization, fraud detection, and cryptography. Quantum computing has the potential to revolutionize the BFSI industry by providing faster and more accurate solutions to complex financial modeling and data processing tasks. Companies like IBM and Microsoft have been at the forefront of introducing quantum technologies tailored for the BFSI sector.
The Healthcare segment is expected to witness the largest CAGR of 31.74% during the forecasted period 2024-2032, primarily driven by the growing interest in utilizing quantum computing for drug discovery, genomics, and personalized medicine. Quantum computing's ability to simulate molecular structures and solve complex biological problems more efficiently than classical computers presents significant opportunities for healthcare innovation. IBM has launched its Quantum for Life Sciences platform, which helps pharmaceutical companies accelerate drug discovery by simulating molecular interactions at an unprecedented scale.
REGIONAL ANALYSIS
In 2023, North America emerged as the dominant region in the quantum computing market, driven by significant investments in research and development, a strong presence of key players, and supportive government initiatives. The estimated market share for North America in the quantum computing market was around 36%. This dominance can be attributed to the United States’ leadership in both public and private quantum research. Government programs such as the U.S. National Quantum Initiative Act have provided substantial funding to accelerate the development and deployment of quantum technologies.
The Asia Pacific (APAC) region was the fastest-growing region in the quantum computing market in 2023, with an estimated CAGR of around 31.93%. Several factors contributed to this rapid growth, including increasing government support, technological advancements, and a growing focus on innovation. Countries like China and Japan have made significant strides in quantum research, with China leading the way in quantum communication and cryptography projects. Additionally, India has also ramped up efforts through its National Mission on Quantum Technologies and Applications (NM-QTA) to invest in quantum computing research and development. Key companies such as Fujitsu and Hitachi are at the forefront of quantum computing advancements in the region.
Some of the major players in the Quantum Computing Market are:
IBM (IBM Quantum System One, Qiskit)
D-Wave Quantum Inc. (Advantage Quantum Processor, Leap Quantum Cloud Service)
Microsoft (Azure Quantum, Quantum Development Kit (Q#))
Amazon Web Services (Amazon Braket, Quantum Solutions Lab)
Rigetti Computing (Aspen Series Quantum Processors, Forest Development Kit)
Fujitsu (Digital Annealer, Quantum-Inspired Optimization Services)
Hitachi (Quantum Annealing System, CMOS-Based Quantum Computing)
Toshiba (Quantum Key Distribution (QKD) System, Quantum Cryptography Solutions)
Google (Sycamore Processor, Quantum AI Platform)
Intel (Horse Ridge Cryogenic Controller, Quantum Dot Qubits)
Quantinuum (H-Series Ion Trap Processors, Quantum Origin (QKD))
Huawei (HiQ Cloud Quantum Computing Service, Quantum Computing Simulator)
NEC (Quantum Annealing Cloud Service, Quantum Neural Network Solutions)
Accenture (Quantum Computing Consulting Services, Quantum Impact Simulation Tool)
Nippon Telegraph and Telephone (NTT QKD Platform, Quantum Node Integration)
Bosch (Quantum Sensing Devices, Quantum-Inspired Optimization Tools)
Quantum Computing Inc. (Qatalyst Software, Entropy Quantum Computing Platform)
PsiQuantum (Photon-Based Quantum Processors, Quantum Foundry Services)
Alpine Quantum Technologies GmbH (Ion Trap Qubit Solutions, Quantum Research Platform)
Xanadu (Borealis Quantum Processor, PennyLane Software)
Zapata Computing (Orquestra Platform, Quantum Workflow Automation Tools)
Northrop Grumman (Quantum Sensor Technologies, Advanced Quantum Communication Systems)
In February 2024, D-Wave introduced its 1,200+ qubit Advantage prototype through the Leap real-time quantum cloud service. Existing Leap subscribers can now access this new hardware immediately, while new users can sign up for Leap and receive up to one minute of free usage of the Advantage2 prototype. This offer is available alongside other quantum processing units (QPUs) and solvers provided on the platform.
In November 2023, Rigetti Computing received Phase 2 funding from the Defense Advanced Research Projects Agency (DARPA). The potential grants, amounting to USD 1.5 million, aim to support Rigetti in creating benchmarks to evaluate the performance of large-scale quantum computers in real-world applications.
In December 2023, IBM announced a partnership with Keio University, The University of Tokyo, Yonsei University, Seoul National University, and The University of Chicago to advance quantum education efforts in Japan, Korea, and the United States. This collaboration aims to deliver educational programs, incorporating contributions from each university, with the objective of training up to 40,000 students over the next decade.
| Report Attributes | Details |
| Market Size in 2023 | US$ 1.03 Billion |
| Market Size by 2032 | US$ 10.31 Billion |
| CAGR | CAGR of 29.1 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (System, Services) • By Deployment (On-Premises, Cloud) • By Application (Optimization, Simulation, Machine Learning, Others) • By End-user (Aerospace & Defense, BFSI, Healthcare, Automotive, Energy & Power, Chemical, Government, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | IBM, D-Wave Quantum Inc., Microsoft, Amazon Web Services, Rigetti Computing, Fujitsu, Hitachi, Toshiba, Google, Intel, Quantinuum, Huawei, NEC, Accenture, Nippon Telegraph and Telephone, Bosch, Quantum Computing Inc., PsiQuantum, Alpine Quantum Technologies GmbH, Xanadu, Zapata Computing, Northrop Grumman. |
Ans: The Quantum Computing Market is expected to grow at a CAGR of 29.1% during 2024-2032.
Ans: The Quantum Computing Market size was USD 1.03 billion in 2023 and is expected to Reach USD 10.31 billion by 2032.
Ans: The major growth factor of the quantum computing market is the increasing demand for advanced computing solutions to solve complex problems in industries like healthcare, finance, aerospace, and energy.
Ans: System dominated the Quantum Computing Market.
Ans: North America dominated the Quantum Computing Market in 2023
Table Of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Feature Analysis, 2023
5.2 User Demographics, 2023
5.3 Integration Capabilities, by Software, 2023
5.4 Impact on Decision-making
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Quantum Computing Market Segmentation, By Component
7.1 Chapter Overview
7.2 System
7.2.1 System Market Trends Analysis (2020-2032)
7.2.2 System Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Services
7.3.1 Services Market Trends Analysis (2020-2032)
7.3.2 Services Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Quantum Computing Market Segmentation, By Deployment
8.1 Chapter Overview
8.2 On-Premises
8.2.1 On-Premises Market Trends Analysis (2020-2032)
8.2.2 On-Premises Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Cloud
8.3.1 Cloud Market Trends Analysis (2020-2032)
8.3.2 Cloud Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Quantum Computing Market Segmentation, By Application
9.1 Chapter Overview
9.2 Optimization
9.2.1 Optimization Market Trends Analysis (2020-2032)
9.2.2 Optimization Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Simulation
9.3.1 Simulation Market Trends Analysis (2020-2032)
9.3.2 Simulation Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Machine Learning
9.4.1 Machine Learning Market Trends Analysis (2020-2032)
9.4.2 Machine Learning Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Others
9.5.1 Others Market Trends Analysis (2020-2032)
9.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Quantum Computing Market Segmentation, By End-user
10.1 Chapter Overview
10.2 Aerospace & Defense
10.2.1 Aerospace & Defense Market Trends Analysis (2020-2032)
10.2.2 Aerospace & Defense Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 BFSI
10.3.1 BFSI Market Trends Analysis (2020-2032)
10.3.2 BFSI Market Size Estimates and Forecasts to 2032 (USD Billion)
10.4 Healthcare
10.4.1 Healthcare Market Trends Analysis (2020-2032)
10.4.2 Healthcare Market Size Estimates and Forecasts to 2032 (USD Billion)
10.5 Automotive
10.5.1 Automotive Market Trends Analysis (2020-2032)
10.5.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
10.6 Energy & Power
10.6.1 Energy & Power Market Trends Analysis (2020-2032)
10.6.2 Energy & Power Market Size Estimates and Forecasts to 2032 (USD Billion)
10.7 Chemical
10.7.1 Chemical Market Trends Analysis (2020-2032)
10.7.2 Chemical Market Size Estimates and Forecasts to 2032 (USD Billion)
10.8 Government
10.8.1 Government Market Trends Analysis (2020-2032)
10.8.2 Government Market Size Estimates and Forecasts to 2032 (USD Billion)
10.9 Others
10.9.1 Others Market Trends Analysis (2020-2032)
10.9.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trends Analysis
11.2.2 North America Quantum Computing Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.2.3 North America Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.2.4 North America Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.2.5 North America Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.2.6 North America Quantum Computing Market Estimates and Forecasts, By End-user(2020-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.2.7.2 USA Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.2.7.3 USA Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.2.7.4 USA Quantum Computing Market Estimates and Forecasts, By End-user(2020-2032) (USD Billion)
11.2.8 Canada
11.2.8.1 Canada Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.2.8.2 Canada Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.2.8.3 Canada Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.2.8.4 Canada Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.2.9 Mexico
11.2.9.1 Mexico Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.2.9.2 Mexico Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.2.9.3 Mexico Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.2.9.4 Mexico Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Trends Analysis
11.3.1.2 Eastern Europe Quantum Computing Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.1.3 Eastern Europe Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.1.4 Eastern Europe Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.1.6 Eastern Europe Quantum Computing Market Estimates and Forecasts, By End-user(2020-2032) (USD Billion)
11.3.1.7 Poland
11.3.1.7.1 Poland Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.1.7.2 Poland Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.1.7.3 Poland Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.1.7.4 Poland Quantum Computing Market Estimates and Forecasts, By End-user(2020-2032) (USD Billion)
11.3.1.8 Romania
11.3.1.8.1 Romania Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.1.8.2 Romania Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.1.8.3 Romania Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.1.8.4 Romania Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3.1.9 Hungary
11.3.1.9.1 Hungary Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.1.9.2 Hungary Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.1.9.3 Hungary Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.1.9.4 Hungary Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3.1.10 Turkey
11.3.1.10.1 Turkey Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.1.10.2 Turkey Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.1.10.3 Turkey Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.1.10.4 Turkey Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3.1.11 Rest of Eastern Europe
11.3.1.11.1 Rest of Eastern Europe Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.1.11.2 Rest of Eastern Europe Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.1.11.4 Rest of Eastern Europe Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3.2 Western Europe
11.3.2.1 Trends Analysis
11.3.2.2 Western Europe Quantum Computing Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.2.3 Western Europe Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.4 Western Europe Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.5 Western Europe Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.6 Western Europe Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3.2.7 Germany
11.3.2.7.1 Germany Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.7.2 Germany Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.7.3 Germany Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.7.4 Germany Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3.2.8 France
11.3.2.8.1 France Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.8.2 France Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.8.3 France Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.8.4 France Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3.2.9 UK
11.3.2.9.1 UK Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.9.2 UK Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.9.3 UK Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.9.4 UK Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3.2.10 Italy
11.3.2.10.1 Italy Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.10.2 Italy Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.10.3 Italy Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.10.4 Italy Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3.2.11 Spain
11.3.2.11.1 Spain Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.11.2 Spain Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.11.3 Spain Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.11.4 Spain Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3.2.12 Netherlands
11.3.2.12.1 Netherlands Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.12.2 Netherlands Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.12.3 Netherlands Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.12.4 Netherlands Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3.2.13 Switzerland
11.3.2.13.1 Switzerland Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.13.2 Switzerland Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.13.3 Switzerland Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.13.4 Switzerland Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3.2.14 Austria
11.3.2.14.1 Austria Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.14.2 Austria Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.14.3 Austria Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.14.4 Austria Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.3.2.15 Rest of Western Europe
11.3.2.15.1 Rest of Western Europe Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.15.2 Rest of Western Europe Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.15.3 Rest of Western Europe Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.3.2.15.4 Rest of Western Europe Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trends Analysis
11.4.2 Asia Pacific Quantum Computing Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.4.3 Asia Pacific Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.4 Asia Pacific Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.5 Asia Pacific Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.6 Asia Pacific Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.4.7 China
11.4.7.1 China Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.7.2 China Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.7.3 China Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.7.4 China Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.4.8 India
11.4.8.1 India Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.8.2 India Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.8.3 India Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.8.4 India Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.4.9 Japan
11.4.9.1 Japan Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.9.2 Japan Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.9.3 Japan Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.9.4 Japan Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.4.10 South Korea
11.4.10.1 South Korea Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.10.2 South Korea Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.10.3 South Korea Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.10.4 South Korea Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.4.11 Vietnam
11.4.11.1 Vietnam Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.11.2 Vietnam Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.11.3 Vietnam Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.11.4 Vietnam Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.4.12 Singapore
11.4.12.1 Singapore Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.12.2 Singapore Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.12.3 Singapore Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.12.4 Singapore Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.4.13 Australia
11.4.13.1 Australia Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.13.2 Australia Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.13.3 Australia Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.13.4 Australia Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.4.14 Rest of Asia Pacific
11.4.14.1 Rest of Asia Pacific Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.14.2 Rest of Asia Pacific Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.14.3 Rest of Asia Pacific Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.4.14.4 Rest of Asia Pacific Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Trends Analysis
11.5.1.2 Middle East Quantum Computing Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.1.3 Middle East Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.1.4 Middle East Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.1.5 Middle East Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.1.6 Middle East Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.5.1.7 UAE
11.5.1.7.1 UAE Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.1.7.2 UAE Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.1.7.3 UAE Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.1.7.4 UAE Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.5.1.8 Egypt
11.5.1.8.1 Egypt Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.1.8.2 Egypt Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.1.8.3 Egypt Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.1.8.4 Egypt Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.5.1.9 Saudi Arabia
11.5.1.9.1 Saudi Arabia Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.1.9.2 Saudi Arabia Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.1.9.3 Saudi Arabia Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.1.9.4 Saudi Arabia Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.5.1.10 Qatar
11.5.1.10.1 Qatar Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.1.10.2 Qatar Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.1.10.3 Qatar Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.1.10.4 Qatar Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.5.1.11 Rest of Middle East
11.5.1.11.1 Rest of Middle East Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.1.11.2 Rest of Middle East Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.1.11.4 Rest of Middle East Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.5.2 Africa
11.5.2.1 Trends Analysis
11.5.2.2 Africa Quantum Computing Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.2.3 Africa Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.2.4 Africa Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.2.5 Africa Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.2.6 Africa Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.5.2.7 South Africa
11.5.2.7.1 South Africa Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.2.7.2 South Africa Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.2.7.3 South Africa Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.2.7.4 South Africa Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.5.2.8 Nigeria
11.5.2.8.1 Nigeria Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.2.8.2 Nigeria Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.2.8.3 Nigeria Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.2.8.4 Nigeria Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.5.2.9 Rest of Africa
11.5.2.9.1 Rest of Africa Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.2.9.2 Rest of Africa Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.2.9.3 Rest of Africa Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.5.2.9.4 Rest of Africa Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.6 Latin America
11.6.1 Trends Analysis
11.6.2 Latin America Quantum Computing Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.6.3 Latin America Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.6.4 Latin America Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.6.5 Latin America Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.6.6 Latin America Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.6.7 Brazil
11.6.7.1 Brazil Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.6.7.2 Brazil Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.6.7.3 Brazil Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.6.7.4 Brazil Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.6.8 Argentina
11.6.8.1 Argentina Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.6.8.2 Argentina Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.6.8.3 Argentina Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.6.8.4 Argentina Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.6.9 Colombia
11.6.9.1 Colombia Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.6.9.2 Colombia Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.6.9.3 Colombia Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.6.9.4 Colombia Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Quantum Computing Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.6.10.2 Rest of Latin America Quantum Computing Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.6.10.3 Rest of Latin America Quantum Computing Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11.6.10.4 Rest of Latin America Quantum Computing Market Estimates and Forecasts, By End-user (2020-2032) (USD Billion)
12. Company Profiles
12.1 IBM
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 D-Wave Quantum Inc.
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 Microsoft
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 Amazon Web Services
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 Rigetti Computing
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 Fujitsu
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 Hitachi
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8 Toshiba
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 Google
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 Intel
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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