A robust growth is projected for the global quantum computing market over the next couple of years. The market is expected to witness a CAGR of +34% during the forecast period (2018-2023), reaching a size of USD 2.82 billion.
The year 2018 was a year of growth in the market, as companies in the BFSI sector showed tremendous interest in quantum computing and will continue to trend after 2019. In addition, the public sector provides significant growth opportunities for the market. In the coming years, applications for quantum computing will expand further and commercial interest in this technology is expected to increase.
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The Report includes Several Company Profiles of who are market key players
Cambridge Quantum Computing
Google Quantum AI Lab
Microsoft Quantum Architectures
Nokia Bell Labs
Alibaba Group Holding Limited
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Among the end-user industries to consider, the space and defense industry is making the largest contribution to the overall quantum computing market and is expected to account for the largest share of the market in 2019. The need for secure communications and data transfer The expectation is that demand for this industry’s quantum computing consulting solution will increase from faster data operations. The automotive market is expected to grow at an annual average growth rate from 2019 to 2024.
Market segment by Type, the product can be split into
Market segment by Application, split into
Banking & Securities
Manufacturing & Logistics
Demand for optimization and material simulation applications for quantum computers will increase rapidly in the next few years. With simultaneous work to solve complex problems and simulate molecules and materials to get accurate output, this application can find opportunities in end-user industries such as automotive, chemical, energy and power and medical. The extensive R & D and growth strategies adopted by ecosystem-driven companies and laboratories will fuel the growth of the quantum computing market over the next few years.
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Different components are in charge of the market’s development direction, which are learned finally in the report. Likewise, the report records down the limitations that are posturing risk to the worldwide Quantum Computing Technologies advertise. It additionally assesses the haggling intensity of providers and purchasers, danger from new contestants and item substitute, and the level of rivalry winning in the market. The impact of the most recent government rules is likewise dissected in detail in the report. It thinks about the Quantum Computing Technologies market’s direction between estimate periods.
In this study, the years considered to estimate the market size of Quantum Computing Technologies are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Major Points Covered in Table of Contents:
1 Quantum Computing Technologies Market Overview
2 Global Quantum Computing Technologies Market Competition by Manufacturers
3 Global Quantum Computing Technologies Production Market Share by Regions
4 Global Quantum Computing Technologies Consumption by Regions
5 Global Quantum Computing Technologies Production, Revenue, Price Trend by Type
6 Global Quantum Computing Technologies Market Analysis by Applications
7 Company Profiles and Key Figures in Quantum Computing Technologies Business
8 Quantum Computing Technologies Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Quantum Computing Technologies Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source
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