Overview
The enterprise quantum computing market is anticipated to grow by US$2-3 billion by 2023 rapidly growing at a CAGR of 34% during the forecast period 2018 to 2023. The market research report delivers a whole study of the parent market, synopsis, new industry data, ruling vendors as well as quantum computing market size, share and predictions with expert review. The global enterprise quantum computing market is driven by rising awareness about quantum computing and developments in artificial intelligence. These factors have helped shape the enterprise quantum computing market and are expected to boost the growth. Companies in the enterprise quantum computing market could also face challenges such as low temperature requirements and use of quantum entanglement. The details covered in the enterprise quantum computing market report cover all the aspects of the industry. Analysts studying the enterprise quantum computing market have also shared growth projections in the report and have suggested enterprise quantum computing market players to plan business strategies accordingly.
Key Drivers and Top Barriers
In May 2020, a team of researchers from Penn State devised new ways that quantum computing can help in the treatment of COVID-19. They have come up with quantum machine learning, which is a combination of quantum physics and machine learning. This technique is believed to be faster and cheaper compared to the existing methods being deployed for drug discovery. Quantum computing promises a lot of favorable prospects when it comes to dealing with the SARS-CoV-2 outbreak and the challenges posed by the pandemic.
While the quantum computing field is already characterized by various research and development activities, the COVID-19 outbreak and the consequent lockdown that has led to major revenue and lives loss, have boosted the initiatives that can help respond to the critical situation. Prominent initiatives with respect to quantum-computing are being taken in Europe, the United States, Canada, Australia, China, Russia and Singapore, with massive spending on qubit research and more and more researchers able to now access advanced cloud services.
While the COVID-19 impact on the market has been drastic, the escalating awareness with regard to quantum computing among defense, automotive and BFSI could mean incredible business growth in the near future. Also, the surge in the cybercrime rate, and the rising number of stringent government policies pertaining to development of the quantum computing technology could induce substantial growth in the enterprise quantum computing market.
Market Segmentation
The global enterprise quantum computing market has been segmented based on technology, end-user, component, and application. On the basis of technology, the market for enterprise quantum computing is segmented based on simulation. Additionally, the market on the basis of components, is segmented into software, service, hardware. The global market for enterprise quantum computing is also covered based on the application segment which is further split into automation, data analytics, optimization. On the basis of end-user, the market for enterprise quantum computing is segmented based on automotive, BFSI, chemical, medical.
Factors like rapid developments in big data analytics along with presence of technology leaders support the enterprise quantum computing market growth. The performance of the enterprise quantum computing market has also been studied for the past and current years. Additionally, the enterprise quantum computing market report provides analysis of these segments. The enterprise quantum computing market segmental analysis provided in the report offers major details about the enterprise quantum computing market based on the data and forecasts.
Regional Overview
Companies in the enterprise quantum computing market are spread across the world. The enterprise quantum computing market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American enterprise quantum computing market has many companies across the United States, Canada, and Mexico. The enterprise quantum computing market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the enterprise quantum computing market can be found in the market research report. Europe has companies in the enterprise quantum computing market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the enterprise quantum computing market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Competitive Landscape
The enterprise quantum computing market is supported by growing investment in research by key companies in the market. The population growth around the world and increasing demand of enterprise quantum computing market based services and products also support the market growth. However, the enterprise quantum computing market growth can be affected due to high maintenance cost. The report covers all such details which will help companies in the enterprise quantum computing market to strengthen their business plan and improve their product portfolio. The enterprise quantum computing market research report also provides company profiles of major companies. The company profiles of many organizations operating in the enterprise quantum computing market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the enterprise quantum computing market. New companies and established businesses can plan their strategies based on this data provided in the enterprise quantum computing market research report.
Get Complete Report Details @ https://www.marketresearchfuture.com/reports/enterprise-quantum-computing-market-7550
Key Players
- QRA Corp
- Cisco Systems
- Intel Corporation
- Atos SE
- D-Wave System Inc.
- Quantum Circuits Inc.
- Cambridge Quantum
- Microsoft Corporation
- Computing Ltd.
- IBM Corporation
- Qxbranch
- QC Ware Corporation
- Rigetgi Co. Inc.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Dynamics
Continued...
*** Trending Report of MRFR ***
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com