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Enterprise Quantum Computing Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025

  • ID: 4828460
  • Report
  • January 2019
  • Region: Global
  • 260 pages
  • Allied Analytics LLP
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Enterprise Quantum Computing Market Overview:

The principles of quantum phenomena and integration of quantum particles into the quantum devices are the major components that allows quantum computing to function. Unlike classical computers, quantum computing system uses quantum chips, which is made of several quantum bits (qubits) to process the data. Also, the higher the number of qubits used in a single quantum chip, the easier it gets to solve complex problems. Therefore, many major industries focus on R&D of quantum chip with less or no error and greater stability. Moreover, some companies are focused on using technologies such as quantum annealing, ion trapping, superconducting, topological photonic, and others for its development. Furthermore, it is being adopted across various industrial sectors, owing to the wide applications which drive the market growth. The quantum computing technology has numerous benefits, which allows its users to build the strategies in different ways. Although being in development phase, some of the industry players have already developed the quantum computers for commercial purposes and they also plan to deploy quantum computing solutions through cloud platforms. The global enterprise quantum computing market was valued at $650 million in 2017 and is projected to reach $5,853 million by 2025, growing at a CAGR of 31.7% from 2018 to 2025.

Early adoption of quantum computing within the defense and automotive sectors is one of the major factors that drives the growth of the market. In addition, surge in investment by government entities within the market and rise in use of simulation and modeling are one of the major factors that boost the growth of the enterprise quantum computing market. However, technological challenges such as, quantum computing stability and error correction hamper the growth of the market. Furthermore, emergence of on-premises quantum computing for businesses are expected to provide opportunities for the growth of the market.

The global enterprise quantum computing market is segmented into component, deployment, technology, application, industry vertical, and region. Based on component, the market is classified into hardware, software, and services. As per deployment, the market is bifurcated into on-premise, and cloud. In terms of technology, the market is divided into quantum annealing, superconducting, trapped ion, quantum dot, and others. Based on application, the market is categorized into machine learning/deep learning/AI, optimization, simulation & data modelling, cyber security, and others. Based on industry verticals, the market is categorized into, healthcare & life sciences, IT and telecom, manufacturing, BFSI, energy & utilities, aerospace & defense, and others. Based on region, market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global enterprise quantum computing market is dominated by key players such as Alibaba Group, D-Wave Systems Inc., Google, Huawei Technologies Co., Ltd., International Business Management Corporation (IBM), ID Quantique, Intel Corporation, Microsoft, Rigetti & Co, Inc., and Toshiba Research Europe Ltd.

Key Benefits for Enterprise Quantum Computing Market:

The study provides an in-depth analysis of the global enterprise quantum computing market along with current trends & future estimations to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact analyses on the market is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global enterprise quantum computing market from 2018 to 2025 is provided to determine the market potential.

Enterprise Quantum Computing Key Market Segments:

By Component

Hardware
Quantum Processing Units (QPU)
Dilution Refrigerator
I/O Subsystem
Software
Services
Consulting Services
Training & Education
Support & Maintenance
Others

By Deployment

Cloud
On-premise

By Technology

Quantum Annealing (Adiabatic)
Superconducting
Trapped Ion
Quantum Dot
Others

By Application

Machine Learning/Deep learning/AI
Optimization
Simulation & Data Modelling
Cyber Security
Others

By Industry Verticals

Healthcare & Life Sciences
IT and Telecom
Manufacturing
BFSI
Energy & Utilities
Aerospace & Defense
Others

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players Profiled in the Report

Alibaba Group
D-Wave Systems Inc.
Google
Huawei Technologies Co. Ltd.
International Business Management Corporation (IBM)
ID Quantique
Intel Corporation
Microsoft
Rigetti & Co, Inc.
Toshiba Research Europe Ltd.

Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Research methodology
1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter's five forces analysis
3.4. Market player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Rising investments in quantum computing technology
3.5.1.2. Demand for high performance computing
3.5.1.3. Demand for medical research and financial markets
3.5.2. Restraint
3.5.2.1. Operational challenges
3.5.2.2. Stability and error correction issues
3.5.3. Opportunity
3.5.3.1. Emergence of on-premises quantum computing for businesses
3.5.3.2. Technological advancements in quantum computing
3.6. Quantum computing differentiators

CHAPTER 4: ENTERPRISE QUANTUM COMPUTING MARKET BY COMPONENT
4.1. Overview
4.2. Software
4.2.1. Overview
4.2.2. Key market trends, growth factors and opportunities
4.2.3. Market size and forecast by region
4.2.4. Market analysis by country
4.3. Hardware
4.3.1. Overview
4.3.2. Key market trends, growth factors and opportunities
4.3.3. Market size and forecast by region
4.3.4. Market analysis by country
4.3.5. QUANTUM PROCESSING UNITS (QPU)
4.3.6. DILUTION REFRIGERATOR
4.3.7. I/O SUBSYSTEMS
4.4. Service
4.4.1. Overview
4.4.2. Key market trends, growth factors and opportunities
4.4.3. Market size and forecast by region
4.4.4. Market analysis by country
4.4.5. CONSULTING
4.4.6. TRAINING AND EDUCATION
4.4.7. SUPPORT AND MAINTENANCE

CHAPTER 5: ENTERPRISE QUANTUM COMPUTING MARKET BY DEPLOYMENT
5.1. Overview
5.2. On-premise
5.2.1. Overview
5.2.2. Key market trends, growth factors and opportunities
5.2.3. Market size and forecast by region
5.2.4. Market analysis by country
5.3. Cloud
5.3.1. Overview
5.3.2. Key market trends, growth factors and opportunities
5.3.3. Market size and forecast by region
5.3.4. Market analysis by country

CHAPTER 6: ENTERPRISE QUANTUM COMPUTING MARKET BY TECHNOLOGY
6.1. Overview
6.2. Quantum annealing
6.2.1. Overview
6.2.2. Key market trends, growth factors and opportunities
6.2.3. Market size and forecast by region
6.2.4. Market analysis by country
6.3. Superconducting
6.3.1. Overview
6.3.2. Key market trends, growth factors and opportunities
6.3.3. Market size and forecast by region
6.3.4. Market analysis by country
6.4. Trapped Ion
6.4.1. Overview
6.4.2. Key market trends, growth factors and opportunities
6.4.3. Market size and forecast by region
6.4.4. Market analysis by country
6.5. Quantum Dot
6.5.1. Overview
6.5.2. Key market trends, growth factors and opportunities
6.5.3. Market size and forecast by region
6.5.4. Market analysis by country
6.6. Others
6.6.1. Overview
6.6.2. Key market trends, growth factors and opportunities
6.6.3. Market size and forecast by region
6.6.4. Market analysis by country

CHAPTER 7: ENTERPRISE QUANTUM COMPUTING MARKET BY APPLICATION
7.1. Overview
7.2. Machine Learning/ Deep learning/ AI
7.2.1. Overview
7.2.2. Key market trends, growth factors and opportunities
7.2.3. Market size and forecast by region
7.2.4. Market analysis by country
7.3. Optimization
7.3.1. Overview
7.3.2. Key market trends, growth factors and opportunities
7.3.3. Market size and forecast by region
7.3.4. Market analysis by country
7.4. Simulation & data modeling
7.4.1. Overview
7.4.2. Key market trends, growth factors and opportunities
7.4.3. Market size and forecast by region
7.4.4. Market analysis by country
7.5. Cyber Security
7.5.1. Overview
7.5.2. Key market trends, growth factors and opportunities
7.5.3. Market size and forecast by region
7.5.4. Market analysis by country
7.6. Others
7.6.1. Overview
7.6.2. Key market trends, growth factors and opportunities
7.6.3. Market size and forecast by region
7.6.4. Market analysis by country

CHAPTER 8: ENTERPRISE QUANTUM COMPUTING MARKET BY INDUSTRY VERTICALS
8.1. Overview
8.2. Healthcare & Life sciences
8.2.1. Overview
8.2.2. Key market trends, growth factors and opportunities
8.2.3. Market size and forecast by region
8.2.4. Market analysis by country
8.3. IT and Telecom
8.3.1. Overview
8.3.2. Key market trends, growth factors and opportunities
8.3.3. Market size and forecast by region
8.3.4. Market analysis by country
8.4. Manufacturing
8.4.1. Overview
8.4.2. Key market trends, growth factors and opportunities
8.4.3. Market size and forecast by region
8.4.4. Market analysis by country
8.5. BFSI
8.5.1. Overview
8.5.2. Key market trends, growth factors and opportunities
8.5.3. Market size and forecast by region
8.5.4. Market analysis by country
8.6. Energy & utilities
8.6.1. Overview
8.6.2. Key market trends, growth factors and opportunities
8.6.3. Market size and forecast by region
8.6.4. Market analysis by country
8.7. Aerospace & Defense
8.7.1. Overview
8.7.2. Key market trends, growth factors and opportunities
8.7.3. Market size and forecast by region
8.7.4. Market analysis by country
8.8. Others
8.8.1. Overview
8.8.2. Key market trends, growth factors and opportunities
8.8.3. Market size and forecast by region
8.8.4. Market analysis by country

CHAPTER 9: ENTERPRISE QUANTUM COMPUTING MARKET BY REGION
9.1. Overview
9.2. North America
9.2.1. Key market trends, growth factors and opportunities
9.2.2. Market size and forecast by component
9.2.3. Market size and forecast by Deployment
9.2.4. Market size and forecast by Technology
9.2.5. Market size and forecast by Application
9.2.6. Market size and forecast by Industry Verticals
9.2.7. Market size and forecast, by country
9.2.8. U.S. enterprise quantum computing market
9.2.8.1. Market size and forecast by component
9.2.8.2. Market size and forecast by Deployment
9.2.8.3. Market size and forecast by Technology
9.2.8.4. Market size and forecast by Application
9.2.8.5. Market size and forecast by Industry Verticals
9.2.9. Canada enterprise quantum computing market
9.2.9.1. Market size and forecast by component
9.2.9.2. Market size and forecast by Deployment
9.2.9.3. Market size and forecast by Technology
9.2.9.4. Market size and forecast by Application
9.2.9.5. Market size and forecast by Industry Verticals
9.3. Europe
9.3.1. Key market trends, growth factors and opportunities
9.3.2. Market size and forecast by component
9.3.3. Market size and forecast by Deployment
9.3.4. Market size and forecast by Technology
9.3.5. Market size and forecast by Application
9.3.6. Market size and forecast by Industry Verticals
9.3.7. Market size and forecast, by country
9.3.8. UK enterprise quantum computing market
9.3.8.1. Market size and forecast by component
9.3.8.2. Market size and forecast by Deployment
9.3.8.3. Market size and forecast by Technology
9.3.8.4. Market size and forecast by Application
9.3.8.5. Market size and forecast by Industry Verticals
9.3.9. Germany enterprise quantum computing market
9.3.9.1. Market size and forecast by component
9.3.9.2. Market size and forecast by Deployment
9.3.9.3. Market size and forecast by Technology
9.3.9.4. Market size and forecast by Application
9.3.9.5. Market size and forecast by Industry Verticals
9.3.10. France enterprise quantum computing market
9.3.10.1. Market size and forecast by component
9.3.10.2. Market size and forecast by Deployment
9.3.10.3. Market size and forecast by Technology
9.3.10.4. Market size and forecast by Application
9.3.10.5. Market size and forecast by Industry Verticals
9.3.11. Rest of Europe enterprise quantum computing market
9.3.11.1. Market size and forecast by component
9.3.11.2. Market size and forecast by Deployment
9.3.11.3. Market size and forecast by Technology
9.3.11.4. Market size and forecast by Application
9.3.11.5. Market size and forecast by Industry Verticals
9.4. Asia-Pacific
9.4.1. Key market trends, growth factors and opportunities
9.4.2. Market size and forecast by component
9.4.3. Market size and forecast by Deployment
9.4.4. Market size and forecast by Technology
9.4.5. Market size and forecast by Application
9.4.6. Market size and forecast by Industry Verticals
9.4.7. Market size and forecast, by country
9.4.8. China enterprise quantum computing market
9.4.8.1. Market size and forecast by component
9.4.8.2. Market size and forecast by Deployment
9.4.8.3. Market size and forecast by Technology
9.4.8.4. Market size and forecast by Application
9.4.8.5. Market size and forecast by Industry Verticals
9.4.9. India enterprise quantum computing market
9.4.9.1. Market size and forecast by component
9.4.9.2. Market size and forecast by Deployment
9.4.9.3. Market size and forecast by Technology
9.4.9.4. Market size and forecast by Application
9.4.9.5. Market size and forecast by Industry Verticals
9.4.10. Japan enterprise quantum computing market
9.4.10.1. Market size and forecast by component
9.4.10.2. Market size and forecast by Deployment
9.4.10.3. Market size and forecast by Technology
9.4.10.4. Market size and forecast by Application
9.4.10.5. Market size and forecast by Industry Verticals
9.4.11. Rest of Asia-Pacific enterprise quantum computing market
9.4.11.1. Market size and forecast by component
9.4.11.2. Market size and forecast by Deployment
9.4.11.3. Market size and forecast by Technology
9.4.11.4. Market size and forecast by Application
9.4.11.5. Market size and forecast by Industry Verticals
9.5. LAMEA
9.5.1. Key market trends, growth factors and opportunities
9.5.2. Market size and forecast by component
9.5.3. Market size and forecast by Deployment
9.5.4. Market size and forecast by Technology
9.5.5. Market size and forecast by Application
9.5.6. Market size and forecast by Industry Verticals
9.5.7. Market size and forecast, by country
9.5.8. Latin America enterprise quantum computing market
9.5.8.1. Market size and forecast by component
9.5.8.2. Market size and forecast by Deployment
9.5.8.3. Market size and forecast by Technology
9.5.8.4. Market size and forecast by Application
9.5.8.5. Market size and forecast by Industry Verticals
9.5.9. Middle East enterprise quantum computing market
9.5.9.1. Market size and forecast by component
9.5.9.2. Market size and forecast by Deployment
9.5.9.3. Market size and forecast by Technology
9.5.9.4. Market size and forecast by Application
9.5.9.5. Market size and forecast by Industry Verticals
9.5.10. Africa enterprise quantum computing market
9.5.10.1. Market size and forecast by component
9.5.10.2. Market size and forecast by Deployment
9.5.10.3. Market size and forecast by Technology
9.5.10.4. Market size and forecast by Application
9.5.10.5. Market size and forecast by Industry Verticals

CHAPTER 10: COMPANY PROFILES
10.1. Alibaba Group
10.1.1. Company overview
10.1.2. Company snapshot
10.1.3. Operating business segments
10.1.4. Product portfolio
10.1.5. Business performance
10.1.6. Key strategic moves and developments
10.2. D-Wave Systems Inc.
10.2.1. Company overview
10.2.2. Company snapshot
10.2.3. Operating business segments
10.2.4. Product portfolio
10.2.5. Key strategic moves and developments
10.3. Google (Alphabet Inc.)
10.3.1. Company overview
10.3.2. Company snapshot
10.3.3. Operating business segments
10.3.4. Product portfolio
10.3.5. Business performance
10.3.6. Key strategic moves and developments
10.4. Huawei Technologies Co. Ltd.
10.4.1. Company overview
10.4.2. Company snapshot
10.4.3. Operating business segments
10.4.4. Product portfolio
10.4.5. Business performance
10.4.6. Key strategic moves and developments
10.5. ID Quantique
10.5.1. Company overview
10.5.2. Company snapshot
10.5.3. Operating business segments
10.5.4. Product portfolio
10.5.5. Key strategic moves and developments
10.6. Intel Corporation
10.6.1. Company overview
10.6.2. Company snapshot
10.6.3. Operating business segments
10.6.4. Product portfolio
10.6.5. Business performance
10.6.6. Key strategic moves and developments
10.7. International Business Management Corporation (IBM)
10.7.1. Company overview
10.7.2. Company snapshot
10.7.3. Operating business segments
10.7.4. Product portfolio
10.7.5. Business performance
10.7.6. Key strategic moves and developments
10.8. Microsoft Corporation
10.8.1. Company overview
10.8.2. Company snapshot
10.8.3. Operating business segments
10.8.4. Product portfolio
10.8.5. Business performance
10.8.6. Key strategic moves and developments
10.9. Rigetti & Co, Inc.
10.9.1. Company overview
10.9.2. Company snapshot
10.9.3. Product portfolio
10.9.4. Key strategic moves and developments
10.10. Toshiba Corporation
10.10.1. Company overview
10.10.2. Company snapshot
10.10.3. Operating business segments
10.10.4. Product portfolio
10.10.5. Business performance
10.10.6. Key strategic moves and developments
Note: Product cover images may vary from those shown
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According to the report titled, 'Enterprise Quantum Computing Market by Component, Deployment, Technology, Application, Industry verticals: Global Opportunity Analysis and Industry Forecast, 2018 - 2025' the global enterprise quantum computing market was valued at $650 million in 2017 and is projected to reach $5,853 million by 2025, growing at a CAGR of 31.7% from 2018 to 2025.

Increase in demand for enhanced computing performance for data analysis and rise in usage of simulation & modeling in healthcare, BFSI, and energy sector drive the market growth. In addition, rise in need for secure computing platforms, the influx of huge amounts of data, and the increase in adoption of quantum computing technologies by numerous industrial sectors are also expected to drive the market growth. However, several technological challenges associated with programming quantum computers, and developing the quantum algorithms are expected to hamper the growth of the enterprise quantum computing market during the forecast period.

Based on component, the hardware segment dominated the overall enterprise quantum computing market share in 2017 and is expected to remain dominant during the forecast period, due to increase in investment into startups working on quantum computing hardware.

In 2017, the aerospace & defense segment accounted for the highest share of the global enterprise quantum computing market and is projected to remain dominant during the forecast period due to rise in investment by government organizations. However, the energy & utilities sector has grown significantly in last few years and is expected to attain the highest CAGR during the forecast period.
According to Pankaj Lanjudkar, Research Analyst, ICT at Allied Market Research, The rise in investment in quantum technology and increase in demand for high performance computing for data analysis are expected to offer growth in the upcoming years. Also, the emergence of on-premise quantum computers for commercial use is anticipated to offer lucrative opportunities for the enterprise quantum computing market.

Key Findings of the Enterprise Quantum Computing Market:

By application, the optimization segment is expected to exhibit significant growth in the global enterprise quantum computing market during the forecast period.
Based on industry verticals, the aerospace & defense segment generated the highest revenue in 2017.
Based on region, Asia-Pacific is anticipated to be the fastest growing region for enterprise quantum computing market during the forecast period due to presence of major players and increase in investments by government organizations.
Some of the key market players profiled in the report include Alibaba Group, D-Wave Systems Inc., Google, Huawei Technologies Co., Ltd., International Business Management Corporation (IBM), ID Quantique, Intel Corporation, Microsoft, Rigetti & Co, Inc., and Toshiba Research Europe Ltd.
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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