Quantum Processing Units (QPU) Trends and Forecast
The future of the global quantum processing units (QPU) market looks promising with opportunities in the logistics, automotive & transportation, industrial, chemicals, environment, and BFSI markets. The global quantum processing units (QPU) market is expected to reach an estimated $8690.4 million by 2030 with a CAGR of 40.1% from 2024 to 2030. The major drivers for this market are increasing demand from the military and business sectors for quantum computing, exponential growth in quantum-safe cryptography applications and standards, and continuous technological innovation and improvements in fabrication technologies.Quantum Processing Units (QPU) by Segment
The study includes a forecast for the global quantum processing units (QPU) by offering, technology, application, end use industry, and region.Quantum Processing Units (QPU) Market by Offering [Shipment Analysis by Value from 2018 to 2030]
- Hardware
- Software
- Services
Quantum Processing Units (QPU) Market by Technology [Shipment Analysis by Value from 2018 to 2030]
- Trapped Ions
- Superconducting Processors
- Photonic Processors
- Others
Quantum Processing Units (QPU) Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Factory Automation
- Material Science
- Environment Monitoring
- Cybersecurity
- Others
Quantum Processing Units (QPU) Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]
- Logistics
- Automotive & Transportation
- Industrial
- Chemicals
- Environment
- BFSI
- Others
Quantum Processing Units (QPU) Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Quantum Processing Units (QPU) Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies quantum processing units (QPU) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the quantum processing units (QPU) companies profiled in this report include-- Accenture
- Amazon Web Services
- D-Wave Quantum
- Fujitsu Limited
- Intel Corporation
- Microsoft Corporation
- NVIDIA Corporation
- QuantWare
- Rigetti Computing
- HCL Technologies
Quantum Processing Units (QPU) Market Insights
The publisher forecasts that hardware will remain the largest segment over the forecast period.Within this market, logistics will remain the largest segment.
North America will remain the largest region over the forecast period due to increase in the use of quantum computing in the financial, healthcare, aerospace, and environmental monitoring industries, as well as, growth in qpu use across a range of space and aviation applications in the region.
Features of the Global Quantum Processing Units (QPU) Market
- Market Size Estimates: Quantum processing units (QPU) market size estimation in terms of value ($M).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Quantum processing units (QPU) market size by various segments, such as by offering, technology, application, end use industry, and region in terms of value ($M).
- Regional Analysis: Quantum processing units (QPU) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different offerings, technologies, applications, end use industries, and regions for the quantum processing units (QPU) market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the quantum processing units (QPU) market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the quantum processing units (QPU) market size?Answer: The global quantum processing units (QPU) market is expected to reach an estimated $8690.4 million by 2030.
Q2. What is the growth forecast for quantum processing units (QPU) market?
Answer: The global quantum processing units (QPU) market is expected to grow with a CAGR of 40.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the quantum processing units (QPU) market?
Answer: The major drivers for this market are increasing demand from the military and business sectors for quantum computing, exponential growth in quantum-safe cryptography applications and standards and continuous technological innovation and improvements in fabrication technologies.
Q4. What are the major segments for quantum processing units (QPU) market?
Answer: The future of the quantum processing units (QPU) market looks promising with opportunities in the logistics, automotive & transportation, industrial, chemicals, environment, and BFSI markets.
Q5. Who are the key quantum processing units (QPU) market companies?
Answer: Some of the key quantum processing units (QPU) companies are as follows:
- Accenture
- Amazon Web Services
- D-Wave Quantum
- Fujitsu Limited
- Intel Corporation
- Microsoft Corporation
- NVIDIA Corporation
- QuantWare
- Rigetti Computing
- HCL Technologies
Answer: The publisher forecasts that hardware will remain the largest segment over the forecast period.
Q7. In quantum processing units (QPU) market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increase in the use of quantum computing in the financial, healthcare, aerospace, and environmental monitoring industries, as well as, growth in qpu use across a range of space and aviation applications in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the quantum processing units (QPU) market by offering (hardware, software, and services), technology (trapped ions, superconducting processors, photonic processors, and others), application (factory automation, material science, environment monitoring, cybersecurity, and others), end use industry (logistics, automotive & transportation, industrial, chemicals, environment, BFSI, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Quantum Processing Units (QPU) Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accenture
- Amazon Web Services
- D-Wave Quantum
- Fujitsu Limited
- Intel Corporation
- Microsoft Corporation
- NVIDIA Corporation
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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