Quantum Computing Industry is Growing Rapidly over 24% of CAGR By 2022

“Quantum Computing Industry”
Quantum Computing market is expected to grow at USD ~2,464 million by 2022, at ~24% of CAGR between 2016 and 2022 | Quantum Computing market

Quantum Computing Market is growing rapidly over 24% of CAGR and is expected to reach at USD ~2,464 million by the end of forecast period. 

Market Highlight

It has been observed that quantum computing is significant for any optimization problem as these quantum computers help in solving some of the most complex problems. The study indicates that quantum computing enables organizations to figure out optimization problems that exist in different domains, such as systems design, mission planning, airline scheduling, financial analysis, web search, and cancer radiotherapy that aids the growth in the quantum computing market. 

Increased implementation of machine learning by quantum computers in order to recognize objects by detecting recurring patterns are driving the quantum computing market. The quantum computing market is globally emerging across the world. In addition to this, government agencies and aerospace and defense sector of different economies  are investing into implementing various optimization and simulation strategies using quantum computers is another key factor accelerating the quantum computing market. The quantum computers need to be maintained at a very low temperature at all times for their proper functioning. In addition to this during the computation phase of a quantum calculation, the slightest disturbance in a quantum system can cause the quantum computation to collapse which are few of the restraining factors for the quantum computing market. 

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By Application:

  • Optimization
  • Machine Learning
  • Simulation

By Vertical:

  • BFSI
  • IT and Telecommunication
  • Healthcare
  • Transportation
  • Government
  • Aerospace & Defense
  • Others 

Regional Analysis

Regional analysis for Quantum Computing market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in Quantum Computing market followed by Europe. It has been observed that North America region is fast adopting quantum computers, especially by government agencies and aerospace & defense sector. 

The study reveals that Asia-Pacific region is expected to have a significant growth in Quantum Computing market by the forecast period. In Asia-Pacific, countries like China, Japan and Korea are using quantum computers for optimization of processes, especially BFSI and transportation sector. 

Key Players

  • D-Wave Systems Inc. (Canada)
  • International Business Machines Corporation (U.S.)
  • Lockheed Martin Corporation (U.S.)
  • Intel Corporation (U.S.)
  • Anyon Systems Inc. (Canada)
  • Cambridge Quantum Computing Limited (U.K.)
  • QC Ware, Corp. (U.S.)
  • Rigetti Computing (U.S.)
  • QxBranch (U.S.) 

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Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Quantum Computing Market Research Report -Forecast to 2022”. 

Table of Content

1          Market Introduction

2          Research Methodology

3          Market Dynamics

4          Executive Summary

5.         Market Factor Analysis

5.1       Porter’s Five Forces Analysis

5.2       Supply Chain Analysis

6          Quantum Computing Market, By Segments

6.1       By Application

6.2       By Vertical

6.3       By Geography

7          Competitive Analysis


List of Tables

Table 1 Global Quantum Computing Market, By Application

Table 2 Global Quantum Computing Market, By Vertical

Table 3 Global Quantum Computing Market, By Regions

Table 4 North America Quantum Computing Market, By Application

Table 5 North America Quantum Computing Market, By Vertical

Table 6 U.S. Quantum Computing Market, By Application

Table 7 U.S. Quantum Computing Market, By Vertical

Table 8 Canada Quantum Computing Market, By Application

Table 9 Canada Quantum Computing Market, By Vertical


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