Quantum Computing Market By Type (Quantum Annealing, Quantum Simulation, Universal Quantum), By Application (Machine Learning, Optimization, Material Simulation, Financial Services, Others), By Industry Verticals (IT & Telecom, Healthcare & Life Sciences, Manufacturing, Aerospace & Defense, Energy & Utilities, Others) - Growth, Future Prospects, And Competitive Landscape, 2019 - 2027
Increasing demand for Material Synthesis and Optimization to boost Quantum Computing Worldwide
The global quantum computing market is poised to reach US$ 7,635.38 Mn by 2027, expanding at a CAGR of 34.3% over the forecast period from 2019 to 2027. Increasing complexity in the data sets along with incompetent traditional computing methodology have given birth to an advanced computing technology that works on quantum bits or qubits. Quantum computing encompasses three technology stages that are quantum annealing, non-error corrected quantum computing, and fully-error corrected quantum computing. Quantum annealing has significantly entered into the phase of market visibility while the other two are still under technology trigger phase. The first phase of the technology has prominently penetrated into logistics, artificial intelligence, and machine learning applications. Several venture capitalists also tend to invest significantly into quantum computing technology as they think it to be a game changer for various industries; example healthcare, BFSI, manufacturing, aerospace & defense, manufacturing, and many other verticals.
Aerospace & Defense Segment dominated the Global Quantum Computing Market in the year 2018
Aerospace & defense dominated the global quantum computing market in the year 2018 owing to higher requirement of secure data transfer and communication. Additionally, the demand for fast data operation is expected to boost the demand for quantum computing solutions in the industry. In recent past, the National Aeronautics and Space Administration (NASA) announced to achieve quantum supremacy in partnership with Google Inc. The company has developed the fastest quantum computer with capability to solve problems in just 200 seconds. On the other hand, automotive and healthcare industry finds lucrative applications of quantum computing methods for route optimization and material synthesis. Quantum computing can reveal new horizon of development in the field of medical science for treatment of various rare diseases.
Asia Pacific witnesses Highest Growth over the Forecast Period
In 2018, North America held major revenue share of the global quantum computing market. Impressive investments and technological advancements are the prime factors escalating the regional growth. On the contrary, Asia Pacific is poised to grow exponentially over the forecast period owing to strategic government plans of different Asian countries. Recently, Chinese government announced to build a US$ 10 Bn National Laboratory for Quantum Information Sciences that is expected to start by the year 2020. Other than China, Japan and South Korea are the other important regions exploiting the quantum computing features for various industry verticals. Moreover, the region has promising industrial growth that favors the market growth during forecast period. BFSI is significantly implementing the quantum benefits in advanced computing.
Key Players & Competitive Landscape:
Some of the prominent players profiled in the global quantum computing market report include D-Wave Systems Inc., International Business Machines Corporation, Google Inc., 1QB Information Technologies, Microsoft Corporation, QX Branch, Cambridge Quantum Computing Limited, QC Ware Corp., Rigetti Computing, and River Lane Research among others.
The global quantum computing market is highly competitive with some of the prominent technology players such as IBM, Google, Microsoft, Alibaba, and Intel exploiting the quantum computing technology for various computing applications. For instance, Google is exploring the quantum application in high-speed internet surfing and has launched its new 54-qubit quantum chip named ‘Sycamore’ for the same recently in October 2019.
However, another quantum giant IBM corporation opened its new quantum computing center in New York City on September 19, 2019. Similarly, other companies are also exploring new aspects of quantum computing and giving tough competition to each other. Irrespective of fact that quantum computing is a nascent technology, the market has speedily turned from monopolistic to perfect competition
Historical & Forecast Period
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The research study titled quantum computing market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides all round view of the global quantum computing market based on type, applications, industry verticals, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Million |
| Segmentation |
Type Segment (2017–2027; US$ Mn) |
|
Application Segment (2017–2027; US$ Mn) |
|
|
Industry Verticals Segment (2017–2027; US$ Mn) |
|
|
Geography Segment (2017–2027; US$ Mn) |
Key questions answered in this report
- What was the global market size of quantum computing in 2017 & 2018?
- What is estimated forecast and market projections up to 2027?
- Which is largest regional market for quantum computing?
- Which type has the largest penetration in quantum computing market?
- Which is the most preferred application in quantum computing?
- Which are the predominant trends shaping the global quantum computing market?
- Which is the most promising, attractive, and less-explored region in the global quantum computing market?
- Who are the leading vendors in the global quantum computing market?
- What are the premiere strategies adopted by the leading vendors in the global quantum computing market?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global QC Market
2.2. Global QC Market, by Type, 2018 (US$ Mn)
2.3. Global QC Market, by Application, 2018 (US$ Mn)
2.4. Global QC Market, by Industry Verticals, 2018 (US$ Mn)
2.5. Global QC Market, by Geography, 2018 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global QC Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Quantum Computing (QC) Market, by Type, 2017-2027 (US$ Mn)
4.1. Quantum Annealing
4.2. Quantum Simulation
4.3. Universal Quantum
5. Global Quantum Computing (QC) Market, by Application, 2017-2027 (US$ Mn)
5.1. Machine Learning
5.2. Optimization
5.3. Material Simulation
5.4. Financial Services
5.5. Others
6. Global Quantum Computing (QC) Market, by Industry Verticals, 2017-2027 (US$ Mn)
6.1. IT & Telecom
6.2. Healthcare & Life Sciences
6.3. BFSI
6.4. Manufacturing
6.5. Aerospace & Defense
6.6. Energy & Utilities
6.7. Others
7. North America Quantum Computing (QC) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. North America QC Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America QC Market Value, By Type, 2017-2027 (US$ Mn)
7.2.1. Quantum Annealing
7.2.2. Quantum Simulation
7.2.3. Universal Quantum
7.3. North America QC Market Value, By Applications, 2017-2027 (US$ Mn)
7.3.1. Machine Learning
7.3.2. Optimization
7.3.3. Material Simulation
7.3.4. Financial Services
7.3.5. Others
7.4. North America QC Market Value, By Industry Verticals, 2017-2027 (US$ Mn)
7.4.1. IT & Telecom
7.4.2. Healthcare & Life Sciences
7.4.3. BFSI
7.4.4. Manufacturing
7.4.5. Aerospace & Defense
7.4.6. Energy & Utilities
7.4.7. Others
7.5. North America QC Market Value, By Country, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America
8. Europe Quantum Computing (QC) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Europe QC Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Europe QC Market Value, By Type, 2017-2027 (US$ Mn)
8.2.1. Quantum Annealing
8.2.2. Quantum Simulation
8.2.3. Universal Quantum
8.3. Europe QC Market Value, By Applications, 2017-2027 (US$ Mn)
8.3.1. Machine Learning
8.3.2. Optimization
8.3.3. Material Simulation
8.3.4. Financial Services
8.3.5. Others
8.4. Europe QC Market Value, By Industry Verticals, 2017-2027 (US$ Mn)
8.4.1. IT & Telecom
8.4.2. Healthcare & Life Sciences
8.4.3. BFSI
8.4.4. Manufacturing
8.4.5. Aerospace & Defense
8.4.6. Energy & Utilities
8.4.7. Others
8.5. Europe QC Market Value, By Country, 2017-2027 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe
9. Asia Pacific Quantum Computing (QC) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific QC Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Asia Pacific QC Market Value, By Type, 2017-2027 (US$ Mn)
9.2.1. Quantum Annealing
9.2.2. Quantum Simulation
9.2.3. Universal Quantum
9.3. Asia Pacific QC Market Value, By Applications, 2017-2027 (US$ Mn)
9.3.1. Machine Learning
9.3.2. Optimization
9.3.3. Material Simulation
9.3.4. Financial Services
9.3.5. Others
9.4. Asia Pacific QC Market Value, By Industry Verticals, 2017-2027 (US$ Mn)
9.4.1. IT & Telecom
9.4.2. Healthcare & Life Sciences
9.4.3. BFSI
9.4.4. Manufacturing
9.4.5. Aerospace & Defense
9.4.6. Energy & Utilities
9.4.7. Others
9.5. Asia Pacific QC Market Value, By Country, 2017-2027 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific
10. Rest of the World Quantum Computing (QC) Market Analysis, 2017-2027 (US$ Mn)
10.1. Overview
10.1.1. Rest of the World QC Market Value and Growth, 2017-2027, (US$ Mn)
10.2. Rest of the World QC Market Value, By Type, 2017-2027 (US$ Mn)
10.2.1. Quantum Annealing
10.2.2. Quantum Simulation
10.2.3. Universal Quantum
10.3. Rest of the World QC Market Value, By Applications, 2017-2027 (US$ Mn)
10.3.1. Machine Learning
10.3.2. Optimization
10.3.3. Material Simulation
10.3.4. Financial Services
10.3.5. Others
10.4. Rest of the World QC Market Value, By Industry Verticals, 2017-2027 (US$ Mn)
10.4.1. IT & Telecom
10.4.2. Healthcare & Life Sciences
10.4.3. BFSI
10.4.4. Manufacturing
10.4.5. Aerospace & Defense
10.4.6. Energy & Utilities
10.4.7. Others
10.5. Rest of the World QC Market Value, By Region, 2017-2027 (US$ Mn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America
11. Company Profiles
11.1. D-Wave Systems Inc.
11.2. International Business Machines Corporation
11.3. Google Inc.
11.4. 1QB Information Technologies
11.5. Microsoft Corporation
11.6. QX Branch
11.7. Cambridge QC Limited
11.8. QC Ware Corp.
11.9. Rigetti Computing
11.10. River Lane Research
* Here we are using QC as a short form of Quantum Computing
TABLE 1 Market Snapshot: Global Quantum Computing (QC) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global QC Market, by Type, 2017–2027 (US$ Mn)
TABLE 5 Global QC Market, by Application, 2017–2027 (US$ Mn)
TABLE 6 Global QC Market, by Industry Verticals, 2017–2027 (US$ Mn)
TABLE 7 Global QC Market, by Geography, 2017–2027 (US$ Mn)
TABLE 8 North America QC Market, by Type, 2017–2027 (US$ Mn)
TABLE 9 North America QC Market, by Application, 2017–2027 (US$ Mn)
TABLE 10 North America QC Market, by Industry Verticals, 2017–2027 (US$ Mn)
TABLE 11 North America QC Market, by Country, 2017–2027 (US$ Mn)
TABLE 12 Europe QC Market, by Type, 2017–2027 (US$ Mn)
TABLE 13 Europe QC Market, by Application, 2017–2027 (US$ Mn)
TABLE 14 Europe QC Market, by Industry Verticals, 2017–2027 (US$ Mn)
TABLE 15 Europe QC Market, by Country, 2017–2027 (US$ Mn)
TABLE 16 Asia Pacific QC Market, by Type, 2017–2027 (US$ Mn)
TABLE 17 Asia Pacific QC Market, by Application, 2017–2027 (US$ Mn)
TABLE 18 Asia Pacific QC Market, by Industry Verticals, 2017–2027 (US$ Mn)
TABLE 19 Asia Pacific QC Market, by Country, 2017–2027 (US$ Mn)
TABLE 20 Rest of the World QC Market, by Type, 2017–2027 (US$ Mn)
TABLE 21 Rest of the World QC Market, by Application, 2017–2027 (US$ Mn)
TABLE 22 Rest of the World QC Market, by Industry Verticals, 2017–2027 (US$ Mn)
TABLE 23 Rest of the World QC Market, by Region, 2017–2027 (US$ Mn)
TABLE 24 D-Wave Systems Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 International Business Machines Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Google Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 1QB Information Technologies: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Microsoft Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 QX Branch: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Cambridge QC Limited: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 QC Ware Corp.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 Rigetti Computing: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 River Lane Research: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
FIG. 1 Global Quantum Computing (QC) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global QC Market Segmentation
FIG. 4 Global QC Market, by Type, 2018 (US$ Mn)
FIG. 5 Global QC Market, by Application, 2018 (US$ Mn)
FIG. 6 Global QC Market, by Industry Verticals, 2018 (US$ Mn)
FIG. 7 Global QC Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key QC Market Players, 2018
FIG. 10 Global QC Market Value Share, by Type, 2018 & 2027 (Value %)
FIG. 11 Global QC Market for Quantum Annealing, 2017–2027 (US$ Mn)
FIG. 12 Global QC Market for Quantum Simulation, 2017–2027 (US$ Mn)
FIG. 13 Global QC Market for Universal Quantum, 2017–2027 (US$ Mn)
FIG. 14 Global QC Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 15 Global QC Market for Machine Learning, 2017–2027 (US$ Mn)
FIG. 16 Global QC Market for Optimization, 2017–2027 (US$ Mn)
FIG. 17 Global QC Market for Material Simulation, 2017–2027 (US$ Mn)
FIG. 18 Global QC Market for Financial Services, 2017–2027 (US$ Mn)
FIG. 19 Global QC Market for Others, 2017–2027 (US$ Mn)
FIG. 20 Global QC Market Value Share, by Industry Verticals, 2018 & 2027 (Value %)
FIG. 21 Global QC Market for IT & Telecom, 2017–2027 (US$ Mn)
FIG. 22 Global QC Market for Healthcare & Life Sciences, 2017–2027 (US$ Mn)
FIG. 23 Global QC Market for BFSI, 2017–2027 (US$ Mn)
FIG. 24 Global QC Market for Manufacturing, 2017–2027 (US$ Mn)
FIG. 25 Global QC Market for Aerospace & Defense, 2017–2027 (US$ Mn)
FIG. 26 Global QC Market for Energy & Utilities, 2017–2027 (US$ Mn)
FIG. 27 Global QC Market for Others, 2017–2027 (US$ Mn)
FIG. 28 North America QC Market, 2017–2027 (US$ Mn)
FIG. 29 Europe QC Market, 2017–2027 (US$ Mn)
FIG. 30 Asia Pacific QC Market, 2017–2027 (US$ Mn)
FIG. 31 RoW QC Market, 2017–2027 (US$ Mn)FIG. 1 Global Quantum Computing (QC) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global QC Market Segmentation
FIG. 4 Global QC Market, by Type, 2018 (US$ Mn)
FIG. 5 Global QC Market, by Application, 2018 (US$ Mn)
FIG. 6 Global QC Market, by Industry Verticals, 2018 (US$ Mn)
FIG. 7 Global QC Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key QC Market Players, 2018
FIG. 10 Global QC Market Value Share, by Type, 2018 & 2027 (Value %)
FIG. 11 Global QC Market for Quantum Annealing, 2017–2027 (US$ Mn)
FIG. 12 Global QC Market for Quantum Simulation, 2017–2027 (US$ Mn)
FIG. 13 Global QC Market for Universal Quantum, 2017–2027 (US$ Mn)
FIG. 14 Global QC Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 15 Global QC Market for Machine Learning, 2017–2027 (US$ Mn)
FIG. 16 Global QC Market for Optimization, 2017–2027 (US$ Mn)
FIG. 17 Global QC Market for Material Simulation, 2017–2027 (US$ Mn)
FIG. 18 Global QC Market for Financial Services, 2017–2027 (US$ Mn)
FIG. 19 Global QC Market for Others, 2017–2027 (US$ Mn)
FIG. 20 Global QC Market Value Share, by Industry Verticals, 2018 & 2027 (Value %)
FIG. 21 Global QC Market for IT & Telecom, 2017–2027 (US$ Mn)
FIG. 22 Global QC Market for Healthcare & Life Sciences, 2017–2027 (US$ Mn)
FIG. 23 Global QC Market for BFSI, 2017–2027 (US$ Mn)
FIG. 24 Global QC Market for Manufacturing, 2017–2027 (US$ Mn)
FIG. 25 Global QC Market for Aerospace & Defense, 2017–2027 (US$ Mn)
FIG. 26 Global QC Market for Energy & Utilities, 2017–2027 (US$ Mn)
FIG. 27 Global QC Market for Others, 2017–2027 (US$ Mn)
FIG. 28 North America QC Market, 2017–2027 (US$ Mn)
FIG. 29 Europe QC Market, 2017–2027 (US$ Mn)
FIG. 30 Asia Pacific QC Market, 2017–2027 (US$ Mn)
FIG. 31 RoW QC Market, 2017–2027 (US$ Mn)
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