FEATURED COMPANIES
- Accenture Llp
- Biogen Inc.
- H-Bar Consultants
- Intel Corp.
- QC Ware Corp.
- Rigetti Co. Inc.
The global quantum computing technologies market should reach $1.6 billion by 2026 from $390.7 million in 2021 at a compound annual growth rate (CAGR) of 33.2% for the forecast period of 2021 to 2026.
The superconducting qubits segment of the global quantum computing technologies market is expected to grow from $144.9 million in 2021 to $612.9 million in 2026 at a CAGR of 33.4% for the forecast period of 2021 to 2026.
The trapped ions segment of the global quantum computing technologies market is expected to grow from $131.1 million in 2021 to $550.7 million in 2026 at a CAGR of 33.2% for the forecast period of 2021 to 2026.
Report Scope
This report provides an overview of the global market for quantum computing and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period 2021 through 2026. Revenue forecasts for this period are segmented based on offering, deployment, technology, application, end-user industry and region.
The report also focuses on the major trends and challenges that affect the market and the competitive landscape. It explains the current market trends and provides detailed profiles of the major players and the strategies they adopt to enhance their market presence. The report estimates the size of the global quantum computing market in 2020 and provides projections of the expected market size through 2026.
The Report Includes
- 59 data tables and 54 additional tables
- An updated review of the global markets for commercial quantum computing technologies
- Analyses of the global market trends, with data from 2020 to 2021, estimates for 2022 and 2024, along with projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the global quantum computing market size in dollar value terms, and corresponding market share analysis by offering, technology, deployment, application, end-user industry and region
- Identification of the quantum computing technologies and products with the greatest commercial potential
- Technology Assessment of the key drivers and constraints that will shape the market for quantum computing over the next ten years
- Understanding of the upcoming market opportunities and areas of focus to forecasting the market into various segments and sub-segments
- Highlights of COVID-19 implications on the progress of this market
- Identification of the companies best positioned to meet this demand because of their proprietary technologies, strategic alliances or other advantages
- Review of the key patent grants and new technologies in the quantum computing sector
- Insight into the recent industry strategies, such as M&A deals, joint ventures, collaborations, and license agreements currently focused on commercial quantum computing products and service
- Company profiles of the key industry players, including Alphabet Inc., Cambridge Quantum Computing, Honeywell International Inc., International Business Machines (IBM) Corp., Microsoft Corp. and Toshiba Corp.
What is the estimated value of the Global Quantum Computing Market?
What is the growth rate of the Global Quantum Computing Market?
What is the forecasted size of the Global Quantum Computing Market?
Who are the key companies in the Global Quantum Computing Market?
FEATURED COMPANIES
- Accenture Llp
- Biogen Inc.
- H-Bar Consultants
- Intel Corp.
- QC Ware Corp.
- Rigetti Co. Inc.
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FEATURED COMPANIES
- Accenture Llp
- Biogen Inc.
- H-Bar Consultants
- Intel Corp.
- QC Ware Corp.
- Rigetti Co. Inc.
Quantum computing is the gateway to the future. It can revolutionize computation by making certain types of classically stubborn problems solvable. Currently, no quantum computer is mature enough to perform calculations that traditional computers cannot, but great progress has been made in the last few years. Several large and small start-ups are using non-error-corrected quantum computers made up of dozens of qubits, some of which are even publicly accessible via the cloud. Quantum computing helps scientists accelerate their discoveries in related areas, such as machine learning and artificial intelligence.
Early adoption of quantum computers in the banking and financial industries, increased investment in quantum computing technology, and the rise of numerous strategic partnerships and collaborations are the main drivers behind the market growth.
The trend towards strategic approaches such as partnerships and collaborations is expected to continue. As quantum computer vendors move to quantum development, the consumer industries will seek to adopt current and new quantum technologies to gain a competitive advantage. The technological hurdles in the implementation of the quantum systems, as well as the lack of quantum skills, can limit the market growth. However, increasing adoption of quantum technology in healthcare, increasing demand for computing power, and the introduction of cloud-based quantum computing services are expected to open up new market opportunities during the forecast period.
Between 2021 and 2026, many companies with optimization problems may adopt a hybrid approach where some of the problems are handled by classical computing and the rest by quantum computers. The demand for quantum computers is expected to grow from multiple end-user industries, from finance to pharmaceuticals, automobiles to aerospace. Many industries, such as banks, are now using cloud-based quantum services.
There is no doubt that quantum computers will be expensive machines to develop and will be operated by a small number of key players. Companies like Google and IBM plan to double the performance of quantum computers each year. In addition, a small but important cohort of promising start-ups is steadily increasing the number of qubits a computer can process. This creates an immersive opportunity for the global quantum computing market growth in the coming years.
This report has divided the global quantum computing market based on offering, technology, deployment, application, end-user industry, and region. Based on offering, the market is segmented into systems and services. The services memory segment held the largest market share, and it is expected to register the highest CAGR during the forecast period. The services segment includes quantum computing as a service (QCaaS) and consulting services.
- 1Qb Information Technologies Inc.
- Accenture Llp
- Advancing Quantum Architecture (Aqua) Group
- Airbus Se
- Alibaba Holding Group Ltd.
- Alphabet Inc. (Google Llc)
- Amazon.com Inc.
- Amgen Inc.
- ATOS SE
- Australia Research Council Centre Of Excellence For Engineered Quantum Systems
- Beijing Academy Of Quantum Information Sciences (BAQIS)
- Berkeley Quantum Information And Computation Center
- Biogen Inc.
- Booz Allen Hamilton Holding Corp.
- Cambridge Quantum Computing
- Center For Quantum Devices
- Center For Quantum Information And Control
- Center For Quantum Photonics (CQP)
- Center For Quantum Software And Information
- Center For Spintronics And Quantum Computation (CSQC)
- Centre For Quantum Computation And Communication Technology (CQC2T)
- Centre For Quantum Technologies (CQT)
- Chicago Quantum Exchange (CQE)
- Coldquanta Inc.
- Commonwealth Bank Of Australia
- Computational And Data Intensive Physics Group
- D-Wave Systems Inc.
- DNA-SEQ Alliance
- Evolutionq Inc.
- H-Bar Consultants
- Hewlett Packard (Hp) Inc.
- Honeywell International Inc.
- Huawei Technologies Co., Ltd.
- IBM Corp.
- ID Quantique Sa
- Information Sciences Institute (ISI)
- Institut Quantique
- Institute For Quantum Computing (IQC)
- Institute For Quantum Information And Matter (IQIM)
- Institute For Quantum Optics And Quantum Information (IQOQI)
- Intel Corp.
- Ion Quantum Technology (IQT) Group
- Ionq Inc.
- Isara Corp.
- Joint Center For Quantum Information And Computer Science
- Joint Institute For Laboratory Astrophysics (JILA)
- Key Laboratory Of Quantum Information
- Los Alamos National Laboratory
- Microsoft Corp.
- National Institute Of Science And Technology (Nist)
- Networked Quantum Information Technologies (NQIT)
- Nippon Telegraph And Telephone Corp.
- Oxford Quantum
- Q-Ctrl Pty Ltd.
- QC Ware Corp.
- Qu & Co Bv
- Quantum Artificial Intelligence Lab (Quail)
- Quantum Information And Integrated Nanosystems Group
- Quantum Science And Technology Institute (Uclq)
- Quantum Science Research Group
- Quantum Systems Group (QSG)
- Quantum Valley Investment Fund LP
- Qusoft
- Qutech
- Raytheon Technologies Corp.
- Rigetti Co. Inc.
- Rigetti Computing Inc.
- Samsung SDS Co., Ltd.
- Telstra Corp. Ltd.
- Toshiba Corp.
- Universities Space Research Association (USRA)
- Volkswagen Ag
- Xanadu Quantum Technologies Inc.
- Zapata Computing Inc.
