1 / 8

Quantum Computing Market worth $283 million by 2024

quantum computing market is expected to grow from USD 93 million by 2019 to USD 283 million by 2024 at a CAGR of 24.9%. The QCaaS market is expected to grow from USD 4 million by 2019 to USD 13 million by 2024 at a CAGR of 26.8%.<br>https://www.marketsandmarkets.com/PressReleases/quantum-computing.asp

pkumar877
Download Presentation

Quantum Computing Market worth $283 million by 2024

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MarketsandMarkets Presents Quantum Computing Market by Offering (Systems and Consulting Solutions), End-User Industry, and Geography; QCaaS Market by Application (Optimization, Machine Learning, and Material Simulation) and Geography - Global Forecast to 2024  The overall quantum computing market is expected to grow from USD 93 million by 2019 to USD 283 million by 2024 at a CAGR of 24.9%.

  2. MarketsandMarkets Presents Material simulation application to register highest CAGR in quantum computing market for consulting solutions during forecast period Quantum computing is used for material simulation in various industries, such as healthcare, automotive, entertainment, banking and finance, and defense. Companies such as D-Wave Systems Inc. (Canada), 1QB Information Technologies Inc. (Canada), and QxBranch, LLC (US) are working toward providing a platform to enhance the availability, usability, and accessibility of quantum computers in the material simulation applications. QxBranch LLC (US) has launched quantum computing simulator for the Commonwealth Bank of Australia; such developments are expected to drive the growth of the quantum computing market for the simulation application. Moreover, Atos SE (France) launched the highest-performing quantum simulator named Atos Quantum Learning Machine’ (Atos QLM).

  3. MarketsandMarkets Presents Optimization application held the largest size of quantum computing market for consulting solutions in 2018 Quantum computing is one of the most accurate solutions facilitating quicker optimization of complex problems. Protein Folding is one such immensely complex optimization problem. With the help of quantum computers, the researchers succeeded to find the ground-state conformation of 6-amino acid lattice protein models. These models provide useful insights into the energy landscapes of real proteins.

  4. MarketsandMarkets Presents The use of quantum computers could help key industries such as automotive, defense, logistics, finance, and energy solve these problems easily. For instance, Volkswagen AG (Germany) is working on a project for traffic flow optimization. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144888301 Furthermore, companies such as D-Wave Systems Inc. (US), Cambridge Quantum Computing Limited (UK), QC Ware, Corp. (US), and 1QB Information Technologies Inc. (Canada) are working on the development of quantum computing systems for the optimization application.

  5. MarketsandMarkets Presents The use of quantum computers could help key industries such as automotive, defense, logistics, finance, and energy solve these problems easily. For instance, Volkswagen AG (Germany) is working on a project for traffic flow optimization. Furthermore, companies such as D-Wave Systems Inc. (US), Cambridge Quantum Computing Limited (UK), QC Ware, Corp. (US), and 1QB Information Technologies Inc. (Canada) are working on the development of quantum computing systems for the optimization application.

  6. MarketsandMarkets Presents The major players operating in the quantum computing market include D-Wave Systems Inc. (Canada), QX Branch (US), International Business Machines Corporation (US), Cambridge Quantum Computing Limited (UK), 1QB Information Technologies (Canada), QC Ware, Corp. (US), StationQ - Microsoft (US), Rigetti Computing (US), Google Inc. (US), River Lane Research (US).

  7. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

  8. MarketsandMarkets Presents MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 

More Related