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Pulished Date April, 2021
ID: 8930
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Global Quantum Computing Market Research Report - Segmented By End-Use (Aerospace and Defense, Automotive Industry, Health Care & Lifesciences, IT and Telecom), By Deployment (Cloud, On-Premise), By Application (Machine Learning, Material Simulation and Optimization), By Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) - Global Industry Size, Share, Growth, Demand, Analysis, Strategy, Forecast | 2021-2026

Pulished: April, 2021
ID: 8930
Pages: 120

Quantum Computing Market Size & Growth (2021-2026)

The size of the Global Quantum Computing market was estimated at USD 154 million in 2020 and is expected to expand at a CAGR of 33% to reach USD 674 million by 2026.

Quantum computers are fundamentally different from traditional and supercomputers and use quantum effects. Unlike conventional machines, quantum bits (qubits) are used to analyze the data. Moreover, it performs complicated tasks efficiently when compared to traditional computers, and this factor mainly stimulates the growth of the global market.

Global Quantum Computing Market Research Report

Latest Developments:

  • In October 2019, Google officially announced the accomplishment of quantum supremacy in an article released in Nature's science journal. The announcement comes precisely one month after it first leaked, after Google's report was mistakenly published earlier. But now, though, it's official, ensuring that the full details of the work are available, and the entire scientific community will thoroughly scrutinize what Google claims it done.
  • Google announces that its 54-qubit Sycamore system was capable of performing a 200-second calculation that would require the world's strongest supercomputer a time of 10,000 years. That would mean that the computation, which required the creation of random numbers, was virtually impossible on a conventional, non-quantum device.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020-2026

Base Year

2020

Forecast Period

2021 - 2026

Segments Covered

By Deployment, Application, End-use & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Stanley Black & Decker Inc., Robert Bosch GmbH, Atlas Copco AB, Actuant Corporation, Techtronic Industries Co. Limited, Danaher Corporation, Makita Corporation, Hitachi Koki Co. Ltd., Emerson Electric Co & Hilti Corporation

 Industry Drivers

  • Factors such as more excellent investment in quantum computing technologies, increased demand for heavy-performance computing, and increased demand from medical research and financial markets are projected to fuel the market.
  • Traditional computers can solve typical problems at medium speeds with reasonable accuracy. Quantum computers, on the other hand, can handle complex problems faster than conventional and supercomputers. Available machines have certain drawbacks, as they are restricted by their processors, storage capacity, and latency issues, which pose a high-performance computing market. Quantum computing uses Quantum Processing Units (QPUs) to process information in a matter of seconds and also has limitless storage, which allows large corporations to implement and improve computing technology. This is a massive driver of the Market.

Key Challenges

Operational problems and reliability and error correction issues related to quantum computing are likely to impede market growth during the forecast period.

The research report contains the following segmentation of the quantum computing market until 2026. 

By End-Use

  • Aerospace and Defense
  • Automotive Industry
  • Health Care & Lifesciences
  • IT and Telecom

Aerospace and Defense segment holds the majority of the market share in 2019, with 37%. The reason for such market share is attributed to the need for secure and reliable communication systems for data transfer in the defense sector. 

Quantum computing offers heavy encryption, which takes decades for traditional computers to decode the information, so this form of information processing is beneficial for the defense sector. Also, the Automotive Industry is expected to be the fastest-growing segment, which is growing at a CAGR of 33.2%. The reason for the growth is attributed to the need to handle complex problems with parallel activities and model molecules, and materials with reliable performance allow such systems to pursue openings in end-user sectors such as automobile, energy and power, pharmaceutical, and healthcare.

By Deployment 

  • Cloud
  • On-Premise

Out of these, the Cloud segment holds the majority of the market share in 2019, with over 70%. The reason for such market share is attributed to the need for secure and reliable communication systems for data transfer in various industries. 

By Application

  • Machine Learning
  • Material Simulation
  • Optimization

Based on the Application, the Material Simulation segment holds the majority of the market share in 2019, with 40%. The reason for such market share is attributed to the need to handle complex problems in end-user sectors such as automobiles, energy and power, pharmaceutical, and healthcare. 

Also, Machine Learning is expected to be the fastest-growing segment, which can be associated with the increased automation in various fields, as quantum computers can help machine learning algorithms with quicker and efficient learning.

By Region

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5.  Middle East Africa

Geographically, North America is expected to have the largest market share. This is purely due to the increased number of leading competitors located in this region. The Asia Pacific market is also expected to grow as a result of China’s contribution from the Alibaba Group.

KEY PLAYERS:
Some of the key players of Quantum Computing market include Alibaba Group Holding Limited, Google LLC, D-Wave Systems Inc., International Business Management Corporation (IBM), Huawei Technologies Co. Ltd., Intel Corporation, ID Quantique, Rigatti & Co, Inc., Microsoft.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 By End-Use                

                                5.1.1 Introduction           

                                5.1.2 Aerospace

                                5.1.3 Defense   

                                5.1.4 Automotive Industry          

                                5.1.5 Health & Lifesciences         

                                5.1.6 IT and Telecom     

                                5.1.7 Y-o-Y Growth Analysis        

                                5.1.8 Market Attractiveness Analysis      

                                5.1.9 Market Share Analysis        

                5.2 By Deployment                        

                                5.2.1 Introduction           

                                5.2.2 Cloud        

                                5.2.3 On-Premise            

                                5.2.4 Y-o-Y Growth Analysis        

                                5.2.5 Market Attractiveness Analysis      

                                5.2.6 Market Share Analysis        

                5.3 By Application                           

                                5.3.1 Introduction           

                                5.3.2 Machine Learning

                                5.3.3 Material Simulation             

                                5.3.4 Optimization          

                                5.3.5 Y-o-Y Growth Analysis        

                                5.3.6 Market Attractiveness Analysis      

                                5.3.7 Market Share Analysis        

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By End- Use

                                                6.1.3.3 By Application

                                                6.1.3.4 By Deployment

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By End- Use

                                                6.1.4.3 By Application

                                                6.1.4.4 By Deployment

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By End- Use

                                                6.1.5.3 By Application

                                                6.1.5.4 By Deployment

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leader Analysis                                           

                8.1 Alibaba Group Holding Limited                           

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Google LLC                  

                8.3 D-Wave Systems Inc.                              

                8.4 International Business Management Corporation (IBM)                         

                8.5 Huawei Technologies Co. Ltd.                             

                8.6 Intel Corporation                     

                8.7 ID Quantique                             

                8.8 Rigatti & Co                

                8.9 Microsoft Corporation                           

                8.10 Toshiba Research Europe Ltd                            

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations, and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of raw materials, by deployment, by application, by end-use along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product

    North America Quantum Computing Market By End-Use, From 2019-2024 ( USD Billion )

    North America Aerospace Market By Region, From 2019-2024 ( USD Billion )

    North America Defense Market By Region, From 2019-2024 ( USD Billion )

    North America automotive Industry Market By Region, From 2019-2024 ( USD Billion )

    North America Health Care& Life Sciences Market By Region, From 2019-2024 ( USD Billion )

    North America IT and Telecom Market By Region, From 2019-2024 ( USD Billion )

    North America Quantum Computing Market By Deployment, From 2019-2024 ( USD Billion )

    North America Cloud Market By Region, From 2019-2024 ( USD Billion )

    North America On Premise Market By Region, From 2019-2024 ( USD Billion )

    North America Quantum Computing Market By Application, From 2019-2024 ( USD Billion )

    North America Machine Learning Market By Region, From 2019-2024 ( USD Billion )

    North America Optimisation Market By Region, From 2019-2024 ( USD Billion )

    North America Material Simulation Market By Region, From 2019-2024 ( USD Billion )

    United States Quantum Computing Market By End-Use, From 2019-2024 ( USD Billion )

    United States Quantum Computing Market By Deployment, From 2019-2024 ( USD Billion )

    United States Quantum Computing Market By Application, From 2019-2024 ( USD Billion )

    Canada Quantum Computing Market By End-Use, From 2019-2024 ( USD Billion )

    Canada Quantum Computing Market By Deployment, From 2019-2024 ( USD Billion )

    Canada Quantum Computing Market By Application, From 2019-2024 ( USD Billion )

    portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  • North America Quantum Computing Market By End-Use, From 2021-2026 ( USD Billion )
  • North America Aerospace Market By Region, From 2021-2026 ( USD Billion )
  • North America Defense Market By Region, From 2021-2026 ( USD Billion )
  • North America Automotive Industry Market By Region, From 2021-2026 ( USD Billion )
  • North America Health Care& Life Sciences Market By Region, From 2021-2026 ( USD Billion )
  • North America IT and Telecom Market By Region, From 2021-2026 ( USD Billion )
  • North America Quantum Computing Market By Deployment, From 2021-2026 ( USD Billion )
  • North America Cloud Market By Region, From 2021-2026 ( USD Billion )
  • North America On-Premise Market By Region, From 2021-2026 ( USD Billion )
  • North America Quantum Computing Market By Application, From 2021-2026 ( USD Billion )
  • North America Machine Learning Market By Region, From 2021-2026 ( USD Billion )
  • North America Optimisation Market By Region, From 2021-2026 ( USD Billion )
  • North America Material Simulation Market By Region, From 2021-2026 ( USD Billion )
  • United States Quantum Computing Market By End-Use, From 2021-2026 ( USD Billion )
  • United States Quantum Computing Market By Deployment, From 2021-2026 ( USD Billion )
  • United States Quantum Computing Market By Application, From 2021-2026 ( USD Billion )
  • Canada Quantum Computing Market By End-Use, From 2021-2026 ( USD Billion )
  • Canada Quantum Computing Market By Deployment, From 2021-2026 ( USD Billion )
  • Canada Quantum Computing Market By Application, From 2021-2026 ( USD Billion )

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