Global Quantum Computing Market: By Application (Optimization, Machine Learning, Simulation and Others), By Product Type (Hardware, Software, and Services) and By Vertical (Aerospace & Defense, BFSI, Energy & Power, Healthcare, Information Technology & Telecommunication, Transportation, and Others) and Region - Forecast Till 2023
Market analysis
A powerful development is anticipated for the global quantum processing market throughout the following couple of years. The market is relied upon to observe a CAGR of 34% during the conjecture time frame (2018-2023), achieving a size of USD 2.82 billion. 2018 was a development year for the market, as organizations from the BFSI division indicated enormous enthusiasm for quantum registering and the pattern is probably going to proceed in 2019 and past. Also, the open division presents a critical development open door for the market. In the anticipated years, the application opportunities for quantum registering is relied upon to extend further, which may prompt a higher business enthusiasm for the innovation. Most market players has a dynamic association in utilizing forceful development procedures. Sellers contend on value, quality and post-retail benefits. Accentuation is being put on cost-effectiveness and item advancement so as to guarantee long haul maintainability.
Market segmentation
The global quantum processing market is segmented on the basis of its application, vertical, product type and regional demand. Based on its Application, the market is segmented into Machine Learning, Optimization, Simulation and Others. Based on its Vertical, the global quantum processing market is bifurcated into BFSI, Aerospace & Defense, Energy & Power, Healthcare, Transportation, Information Technology (IT) & Telecommunication, and Others. On the basis of its Product Type, the global quantum processing market is divided into Software, Hardware, and Services.
Regional analysis
Geographically, the global quantum processing market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major players
IBM Corporation, D-Wave Systems Inc., QxBranch, Inc., QRA Corp, Google and QC Ware Corp, Atos SE, Intel Corporation, Cambridge Quantum Computing Ltd., Rigetti & Co, Inc., among others are some of the major players in the global quantum processing market.
Table of Contents
1 Executive Summary
2 Market Introduction
- 2.1 Definition
- 2.2 Scope of the Study
3 Research Methodology
- 3.1 Research Process
- 3.2 List of Assumptions
- 3.3 Forecast Model
4 Market Dynamics
- 4.1 Introduction
- 4.2 Drivers
- 4.2.1 Early adoption of quantum computing in BFSI sector
- 4.2.2 Increasing Government Investments
- 4.3 Restraints
- 4.3.1 Complexities in Implementation and Operation
- 4.4 Challenges
- 4.4.1 Need for Highly Skilled Employees
- 4.5 Opportunities
- 4.5.1 Growing Application Scope
- 4.6 Supply Chain Analysis
- 4.6.1 Raw Material Suppliers
- 4.6.2 Quantum Computing Hardware Manufacturers
- 4.6.3 Quantum Computing Software Providers
- 4.6.4 End Users
- 4.7 Porter's Five Forces Model
- 4.7.1 Threat of New Entrants
- 4.7.2 Bargaining Power of Suppliers
- 4.7.3 Bargaining Power of Buyers
- 4.7.4 Threat of Substitutes
- 4.7.5 Intensity of Rivalry
5 Global Quantum Computing Market, By Product Type
- 5.1 Overview
- 5.1.1 Hardware
- 5.1.2 Software
- 5.1.3 Services
6 Global Quantum Computing Market, By Application
- 6.1 Overview
- 6.1.1 Optimization
- 6.1.2 Machine Learning
- 6.1.3 Simulation
- 6.1.4 Others
7 Global Quantum Computing Market, By Vertical
- 7.1 Overview
- 7.1.1 Aerospace and Defence
- 7.1.2 IT and Telecommunication
- 7.1.3 BFSI
- 7.1.4 Healthcare
- 7.1.5 Transportation
- 7.1.6 Energy and Power
- 7.1.7 Others
8 Global Quantum Computing Market, By Region
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Russia
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia-Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 South Korea
- 8.4.4 Taiwan
- 8.4.5 Rest of Asia-Pacific
- 8.5 Rest of the World
- 8.5.1 Middle East
- 8.5.2 Latin America
9 Competitive Landscape
10 Company Profiles
- 10.1 QRA Corp.
- 10.1.1 Company Overview
- 10.1.2 Products/Solution Offered
- 10.1.3 Key Developments
- 10.1.4 SWOT Analysis
- 10.1.5 Key Strategy
- 10.2 Intel Corporation
- 10.2.1 Company Overview
- 10.2.2 Financial Overview
- 10.2.3 Products/Solution Offered
- 10.2.4 Key Developments
- 10.2.5 SWOT Analysis
- 10.2.6 Key Strategy
- 10.3 D-Wave Systems Inc.
- 10.3.1 Company Overview
- 10.3.2 Products/Solution Offered
- 10.3.3 Key Developments
- 10.3.4 SWOT Analysis
- 10.3.5 Key Strategy
- 10.4 Cambridge Quantum Computing Ltd
- 10.4.1 Company Overview
- 10.4.2 Products/Solution Offered
- 10.4.3 Key Developments
- 10.4.4 SWOT Analysis
- 10.4.5 Key Strategy
- 10.5 QC Ware Corp.
- 10.5.1 Company Overview
- 10.5.2 Key Developments
- 10.5.3 SWOT Analysis
- 10.5.4 Key Strategy
- 10.6 Rigetti & Co, Inc.
- 10.6.1 Company Overview
- 10.6.2 Products/Solution Offered
- 10.6.3 Key Developments
- 10.6.4 SWOT Analysis
- 10.6.5 Key Strategy
- 10.7 QxBranch, Inc.
- 10.7.1 Company Overview
- 10.7.2 Products/Solution Offered
- 10.7.3 Key Developments
- 10.7.4 SWOT Analysis
- 10.7.5 Key Strategy
- 10.8 IBM Corporation
- 10.8.1 Company Overview
- 10.8.2 Financial Overview
- 10.8.3 Products/Solution Offered
- 10.8.4 Key Developments
- 10.8.5 SWOT Analysis
- 10.8.6 Key Strategy
- 10.9 Google
- 10.9.1 Company Overview
- 10.9.2 Financial Overview
- 10.9.3 Products/Services Offered
- 10.9.4 Key Developments
- 10.9.5 SWOT Analysis
- 10.9.6 Key Strategy
- 10.1 Quantum Circuits, Inc.
- 10.10.1 Company Overview
- 10.10.2 Products/Services Offered
- 10.10.3 Key Developments
- 10.10.4 SWOT Analysis
- 10.10.5 Key Strategy
- 10.11 Atos SE
- 10.11.1 Company Overview
- 10.11.2 Financial Overview
- 10.11.3 Products/Services Offered
- 10.11.4 Key Developments
- 10.11.5 SWOT Analysis
- 10.11.6 Key Strategy