Optimization and management of information, harvested within an organization or from different parts of the world entails, entails the employment of efficient computing processes to handle ever-expanding data workloads. To achieve this, enterprises or government-backed organizations are adopting quantum computing, and processing data in qubits. Through quantum computing, companies can search files across large databases instantaneously, assessing data quicker than conventional computing.
Persistence Market Research’s new study on global market for quantum computing emphasizes the monumental impact of rising need for high-level computing on the market’s growth. In 2017, the global quantum computing market is anticipated to be valued at US$ 2.7 Bn. Governments of developed and developing countries are investing in quantum computing to accelerate their research operations, while commercialization of quantum computing is also gaining traction. On the grounds of such drivers, more than US$ 23 Bn revenues are anticipated to be reaped through adoption of quantum computing across the globe by the end of 2025. During this decadal forecast period, the global market for quantum computing is expected to expand exponentially at a stellar CAGR of 30.9%.
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Global Quantum Computing Market – Forecast Highlights
The study on global quantum computing market has analyzed the market on the basis of components – hardware and software. With development of cloud-enabled quantum computing platform, new software are expected to transform the market’s expansion even further. The demand for effective quantum computing hardware is also expected to witness lucrative boost, although manufacturers will be put to test while developing hardware with flexible computing abilities.
- While sales of quantum computing hardware are presently dominating the market with more than 90%, their global revenue share is expected to drop to 84% by the end of 2025
- The significant decline in quantum computing hardware will be balanced by surging adoption of quantum computing software, revenues from which are anticipated to reflect fastest CAGR of 42.3%
Top Players in Global Quantum Computing Market
According to the study, the competitive landscape of global quantum computing market is divided into two tiers of computing vendors. With more than 90% share, tier 1 quantum computing vendors are companies developing hardware, while the remaining 10% of the market is governed by developers of quantum computing software applications. The top five players in the global quantum computing market are profiled below:
- Intel Corporation,
- Microsoft Corporation,
- Google Inc. (Alphabet Inc.),
- D-Wave Systems Inc., and
- IBM Corporation
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Companies such as 1QB Information Technologies Inc., QC Ware Corp., and QbitLogic are observed to be leading developers of quantum computing software applications. Other key players in the global quantum computing market include Rigetti Computing., Anyon Systems Inc., Cambridge Quantum Computing Ltd., IDQ, IonQ Inc., Quantum Circuits, Inc., Alibaba Quantum Computing Laboratory, Nokia Bell Labs, Hewlett Packard, Booz Allen Hamilton Inc., Toshiba Research Europe Ltd., USC Lockheed Martin Quantum Computation Center, , QuantumCTek Co., Ltd, SeeQC, SPARROW
QUANTUM A/S, QxBranch, and Qubitekk, Tokyo Quantum Computing.
Table Of Contents
1. Global Quantum Computing Market: Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Quantum Computing Market Overview
5.1. Market Definition
5.2. Quantum Computing vs. Classical Binary Computing
6. Universities with Quantum Computing Research Groups
7. Quantum Computing Architecture: Publications by Research Groups
8. Quantum Computing Mechanism – Overview
9. Types of Quantum Computing Systems
10. Quantum Computing Patent Analysis
10.1. Market Dynamics
10.4. Industry-Wise Opportunities
11. Global Quantum Computing Market – Value Chain
12. Global Quantum Computing Market Forecast, 2017-2025
12.1. Market Size (Value) Forecast
12.1.1. Y-o-Y Growth Projections
12.1.2. Absolute $ Opportunity
12.2. Global Quantum Computing Market Snapshot
12.2.1. Market Share, By Component
13. Global Quantum Computing Market Analysis and Forecast By Component
13.1.1. Y-o-Y Growth Comparison, By Component
13.1.2. Basis Point Share (BPS) Analysis, By Component
13.2. Global Quantum Computing Market Size and Forecast By Component
184.108.40.206. Absolute $ Opportunity
220.127.116.11. Market Value Forecast
18.104.22.168. Absolute $ Opportunity
22.214.171.124. Market Value Forecast
13.3. Market Attractiveness Analysis By Component
13.4. Prominent Trends, By Component
14. Competitive Landscape
14.1. Competition Dashboard
14.2. Market Structure Outlook
14.3. Major deals/contracts for Quantum R&D Programs
14.4. Company Profiles –Prominent Players
14.4.1. Wave Systems Inc.
126.96.36.199. Company Overview
188.8.131.52. Products/Brand Offerings
184.108.40.206. Key Developments
220.127.116.11. Growth Strategies
18.104.22.168. Key Financial Ratios
14.4.2. International Business Machines Corporation
14.4.3. D-Wave Systems Inc.
14.4.4. Google Inc. (Alphabet Inc.)
14.4.5. Intel Corporation
14.5. Overview of other key players in the Global quantum computing market
14.5.1. Rigetti Computing
14.5.2. 1QB Information Technologies Inc.
14.5.3. Anyon Systems Inc
14.5.4. Cambridge Quantum Computing Ltd.,
14.5.5. IonQ Inc.
14.5.6. QC Ware Corp
14.5.7. Quantum Circuits, Inc.
14.5.8. Alibaba Quantum Computing Laboratory
14.5.9. Booz Allen Hamilton Inc.
14.5.10. Alibaba Quantum Computing Laboratory
14.5.11. Booz Allen Hamilton Inc.
14.5.12. Hewlett Packard
14.5.13. Toshiba Research Europe Ltd.
14.5.14. Alibaba Quantum Computing Laboratory
14.5.15. USC Lockheed Martin Quantum Computation Center
14.5.17. QuantumCTek Co., Ltd
14.5.19. SPARROW QUANTUM A/S
14.5.22. Tokyo Quantum Computing
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