Quantum Computing Market Growth, Forecast 2021-2031

1. We use cookies for a better user experience. Read our Privacy Policy I Agree Search report Keywords Home / IT and Telecom / Hardware, Software and IT Services / Quantum Computing Market Growth, Forecast 2021-2031 Quantum Computing Market Growth, Forecast 2021-2031 Rep Id : TMRGL36212 Quantum Computing Market (Component: Hardware (Systems), Software, and Services; Application: Optimization, Machine Learning, and Material Simulation; and End-use Industry: Aerospace & Defense, Automotive, BFSI, November 2021 Healthcare, Chemicals, Manufacturing, Energy & Power, and Others) - Global Industry Analysis, Size, Share, Growth, IT and Telecom Trends, and Forecast, 2021-2031 333 Pages Report Preview Table of Content Transparency Plus Request FREE Sample Quantum Machine Learning Gains Popularity for Researching Economical Coronavirus Treatments Select License Type Quantum computing holds promising potentials in discovering possible COVID-19 treatments. Funding from the Penn State Institute for Computational and Data Sciences, coordinated through Single User license $5795 the Penn State Huck Institutes of the Life Sciences is gaining popularity to explore new methods for drug discovery. Such trends are translating into revenue opportunities for companies in the Multi-User license $8795 quantum computing market during the developing pandemic. Corporate license $11795 The combination of machine learning with quantum physics is giving rise to research projects that Buy Now are helping to screen billions of chemical compounds to find relevant drug candidates. In order to support these researches, stakeholders in the quantum computing market are increasing the Safe and Secure SSL Encrypted availability of supercomputers and increasing R&D in artificial intelligence (AI). Get A Special pricing for start-ups and universities. Request Discount

2. - Need More Info? - Enquiry Before Buying Request Methodology Ask References Free Customization - Want to customize this report? - We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. Intelligence to Request a sample to get extensive insights into the Quantum Computing Market Enterprises Becoming Quantum-ready to Mitigate Possible Security Threats We offer 100% Free Customisation at the time of purchase The global quantum computing market is projected to advance at a CAGR of 35.3% during the forecast period. However, it has been found that quantum computing is a threat to current Connect To Analyst cryptographic algorithms, thus affecting security. This has increased the need for quantum-safe algorithms. As enterprises are ensuring a practical plan to protect their businesses from security threats, currently, encrypted assets need to be re-evaluated and secured in a quantum-resistant way. - Trusted Partners - Though quantum computing is currently in its nascent stage, its impact is anticipated to grow in finance, pharmaceuticals, AI and automotive sectors. Companies in the quantum computing

3. market are unlocking incremental opportunities in financial services organizations and other Quick Contact 866-552-3453 businesses that are heavily dependent on statistical modeling of future outcomes. +1-518-618-1030 To understand how our report can bring difference to your business strategy, Ask for a brochure Contact by email Process Optimization Applications to Witness Transformation by Quantum Computing The quantum computing market is projected to reach US$ 14 Bn by 2031. Quantum computing is Why trust Us? expected to develop breakthrough products & services that will disrupt and revolutionize manufacturing. Product development, chemical discovery, and process optimization are among 5 Million+ Market Data the many applications that are anticipated to be redefined by quantum computing. The early adopters of quantum computing are anticipated to gain advantage over other stakeholders in the long run. The quantum computing market is undergoing a crucial change with companies such as Microsoft, AWS, and IBM who are introducing their quantum computing cloud - Related Reports - platforms, which help individuals to use their services without the need for hardware. BI and Analytics Market Biometrics Market Quantum Computing Helps Simplify Complex Dependency Decisions Data Brokers Market Companies in the quantum computing market are tapping into revenue opportunities in the energy Land Mobile Radio (LMR) Systems Market & power sector. This technology is helping stakeholders in the energy & power industry to take important investment decisions related to whole assets, workovers, and infrastructure. These Application Performance Monitoring Market decisions may include dependencies on budgets, resource availability, and contractual obligations that can be resolved with the help of quantum computing. Moreover, with the help of quantum computing, stakeholders in the energy & power sector are seeking to maximize the value from complex dependency decisions and minimize the risks incurred by those decisions. For instance, NASA is using quantum computing to best schedule a set of tasks performed by planetary explorers, which involves tasks related to battery power.

4. Stuck in a neck-to-neck competition with other brands? Request a custom report on Quantum Computing Market Analysts’ Viewpoint There is a surge in research projects in the quantum computing market that are exploring quantum machine learning to unlock new capabilities in COVID-19 drug discovery by generating possible chemical compounds quickly. Although the adoption of quantum computing is relatively slow among enterprises, its application is predicted to grow exponentially in BFSI, healthcare, and manufacturing industries. Quantum communications hold promising potentials for significant protection against eavesdropping. Since quantum computing is still in its nascent stage, it is evident that a quantum computer might figure the most probable answer for breaking an encryption algorithm, but will need the classical computer to test the answer to determine whether it actually breaks the algorithm. Quantum Computing Market: Overview The latest research report published by Transparency Market Research pertains to the global quantum computing market for the historical period of 2018–2019; 2020 is the actual year,

5. and the forecast period is 2021-2031. Quantum computing has benefits, real implications, and risks for the automotive industry. As a disruptive technology in relation to supercomputing and high performance computer processes, its applications in the automotive industry are diverse and likely to solve some of the key challenges facing the industry. Quantum chemistry is used in engineering and science to accurately predict the properties of materials and molecules. Quantum computing in chemical sector applications have received great attention in recent years, with rapid advances in both experimental and theoretical fields. Quantum computing has high future potential largely due to continuous innovation in industries. Incessant adoption of new and advanced technology is a primary factor boosting the quantum computing market. In terms of revenue, the global quantum computing market is expected to reach the value of US$ 14 Bn by 2031, expanding at a CAGR of 35.3% during the forecast period Increasing Investments in Quantum Computing Technology Several government agencies related to the global defense and space sector are progressively investing in quantum computing technology so that numerous simulation and optimization strategies can be applied with quantum computers. Governments of many countries around the world are investing substantially to support their research institutes in the expansion of quantum computing technology. For instance, in 2020, the Russian Government announced a US$ 790 Mn investment in the development of practical quantum computing technologies. The government plans to set up a new National Quantum Laboratory to incorporate international best practices and resources from research institutes, universities, technology start-ups, and companies. Various organizations are also participating in investment strategies for quantum computing across the globe. Hence, the scope of quantum computing is expected to expand during the forecast period due to increasing investments through governments. In 2019, the U.S. Government began the National Quantum Initiative. The Department of Energy (DOE), the National Science Foundation (NSF), and National Institute of Standards and Technology (NIST) will develop quantum computing schemes as part of this initiative.

6. The government had pledged US$ 1.2 Bn over five years to encourage quantum computing. The Department of Energy also declared another US$ 80 Mn for quantum research. Rising Number of Collaborations to Carry Out Quantum Computing Technologies Quantum computing technology is still in its infancy. The development of scalable quantum computers requires committed partners who advance quantum computing, build a quantum workforce, and develop practical applications of the future. Several companies such as Google, IBM, and Intel work with universities in different countries to conduct development and research activities related to quantum computer technology. Therefore, increasing partnerships and collaboration strategies are expected to boost the quantum computing market in the next few years. IBM has announced a number of collaborations with academic and corporate institutions to discover the practical applications of this expertise. The Massachusetts Institute of Technology, the University of Waterloo, and Princeton University are also working together on the expansion of quantum computer prototypes. In addition, retail bank NatWest worked with Fujitsu on a proof-of-concept project aimed at optimizing their mix of high quality liquid assets, including cash, agreements, and government bonds In October 2020, Fujitsu Laboratories Ltd. declared the unveiling of three joint research schemes with research institutions around the world: one with the University of Osaka, another with the University of Tokyo RIKEN, and the third with the Delft University of Technology in the US. Fujitsu is researching a number of related technology layers in order to make practical quantum computing a realism, starting at the device level to control architecture, systems, and algorithms. Quantum Computing Market: Competition Landscape Detailed profiles of providers of quantum computing have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies Quantum Computing Market: Key Developments

7. Key providers of quantum computing, such as Toshiba Corporation, Google Research, and IBM, are focusing on the development of cost-effective and compact quantum computing to attract more customers. Additionally, players active in providing quantum computing are focusing on inorganic growth strategies such as strategic collaborations and merger & acquisition activities with technology partners to improve their offerings and market reach. Some other key developments in the global quantum computing market are highlighted below: In May 2021, Rigetti Computing announced the launch of the world's first multi-chip quantum processor, which contains a proprietary modular architecture that accelerates the route to commercialization while addressing fundamental scaling difficulties for fault tolerant quantum computers In February 2021, IBM declared that BP has combined the IBM Quantum Network to indorse the usage of quantum computing technology in the power and energy sector In January 2021, Google Quantum AI (Google) and Boehringer Ingelheim announced a collaborative agreement that will focus on implementing and studying creative use cases for quantum computing in pharmaceutical research and development, notably molecular dynamics simulations In the global quantum computing market report, we have discussed individual strategies, followed by company profiles of providers of quantum computing. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global quantum computing market. Quantum Computing Market Snapshot Attribute Detail Market Size Value in 2020 US$ 517.13 Mn (Base Year) Market US$ 14 Bn

8. Forecast Value in 2031 Growth Rate 35.3% (CAGR) Forecast 2021-2031 Period Quantitative US$ Mn for Value Units It includes market size assessment for the historic period 2016-2019, along with Market base year and forecast period, in terms of value (US$ Mn). It also provides insights Analysis such as regional analysis, opportunity assessment, product development and innovation, and ecosystem analysis. Market Share Analysis by Company (2020) Competition Detailed vendor profiling and insights on their key strategies for business Landscape growth, along with competition dashboard Format Electronic (PDF) + Excel Market Component Segmentation Hardware (Systems) Software Services Training & Consulting Integration & Implementation Support & Maintenance Application Optimization

9. Machine Learning Material Simulation End-use Industry Aerospace & Defense Automotive BFSI Healthcare Chemicals Manufacturing Energy & Power Others North America Europe Regions Asia Pacific Covered Middle East & Africa South America Countries U.S. Covered Canada Mexico Germany U.K. France Spain Italy China India Japan ASEAN

10. Saudi Arabia United Arab Emirates South Africa 1QB Information Technologies Inc. Accenture Atos SE Cambridge Quantum Computing Ltd D-Wave Systems Inc. Fujitsu Hewlett Packard Enterprise (HP) Hitachi Ltd Honeywell Inc. Companies IBM Corporation Profiled Intel Corporation Magiq Technologies Inc. QC Ware Corp. Quantum Circuits, Inc. Qxbranch, LLC Google Research Rigetti Computing River Lane Research Station Q - Microsoft Corporation Toshiba Corporation Customization Available upon Request Scope Pricing Available upon Request Quantum Computing Market – Segmentation

11. TMR’s research study assesses the quantum computing market on the basis of component, application, end-use industry, and region. The report presents extensive market dynamics and progressive trends associated with different segments, and how they influence the growth prospects of the quantum computing market. Hardware (Systems) Software Component Services Optimization Machine Learning Application Material Simulation Aerospace & Defense Automotive BFSI Healthcare End-use Industry Chemicals Manufacturing Energy & Power Others North America Europe Asia Pacific Region Middle East & Africa South America

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