Increasing need for high level computing performance fueling the growth of Quantum Computing Market. Expanding datacenter workloads, growing preference for Software-as-a-Service (SaaS) business models coupled with increasing complexity in processor design of classical binary computing systems are key factors driving growth of the global Quantum Computing Market
Verified Market Research recently published a report, “Quantum Computing Market by Offering (Consulting solutions, Systems), by Application (Optimization, Machine Learning, Material Simulation), by End User (Space and Defense, Automotive, Healthcare, Banking and Finance, Chemicals, Energy & Power) and Geography”. According to Verified Market Research, the Quantum Computing Market was valued at USD 193.68 Million in 2019 and is projected to reach USD 1379.67 Million by 2027, growing at a CAGR of 30.02% from 2020 to 2027.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=24845
Browse in-depth TOC on “Quantum Computing Market”
202 – Pages
126 – Tables
37 – Figures
Global Quantum Computing Market Overview
Rising investments in quantum computing technology by governments to spur Quantum Computing Market growth. Quantum computing technology can change dynamics in strategic balance of power, military affairs, and commerce. Governments of different countries are planning to expand exploratory research on new technologies for establishment and development of a quantum computing solutions. Rising governmental investments in quantum computing solutions for vast array of applications is expected to boost the growth of global Quantum Computing Market.
Furthermore, increase in the number of strategic alliances to boost Quantum Computing Market. In this fast-growing marketplace, it is difficult for the quantum computing solutions providers to specialize in everything. Thus, alliances or partnerships are essential for growing in the market. In addition, to defend their current position in the Quantum Computing Market or to emerge new distribution channels, it is very crucial to have new dimensions of applications connectivity. Thus, companies can interface or open up with business partners to capitalize on new technology in the business. With these strategic alliances, companies also focus on innovations as customers continue to demand improved solutions with high capability and innovation.
The major players in the market are Qxbranch, Inc., QC Ware Corp., International Business Machines Corporation (IBM), D-Wave Systems Inc., 1qb Information Technologies Inc., Cambridge Quantum Computing Ltd, Station Q – Microsoft Corporation, River Lane Research, Rigetti Computing, and Research at Google – Google Inc.
Verified Market Research has segmented the Global Quantum Computing Market On the basis of Offering, Application, End User and Geography.
- Quantum Computing Market by Offering
- Consulting solutions
- Quantum Computing Market by Application
- Machine Learning
- Material Simulation
- Quantum Computing Market by End User
- Space and Defense
- Banking and Finance
- Energy & Power
- Quantum Computing Market by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
- North America
Visualize Quantum Computing Market using Verified Market Intelligence: –
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
Mr. Edwyne Fernandes
Verified Market Research
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
BI Enabled Platform: https://www.verifiedmarketresearch.com/vmintelligence/
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Sahyadri Times journalist was involved in the writing and production of this article.