Market Overview: Quantum Computing Market FY2024-2030

This reports provides an essential and dependable overview of the Quantum Computing Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.

Quantum Computing Market Report Coverage Details:

Base Year: 2023
Historical Data: 2019-22
Forecast Period: 2024-2030
CAGR: 38.98% (2024-2030)

The Global Quantum Computing Market size is valued at USD value 1.1 billion in 2023 and is projected to reach USD 5.2 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 38.98% during the forecast period, i.e., 2024-30.

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Quantum Computing Market Opportunity:

Rising Requirement for Quantum Computing Technology in Numerous Industries - There is a growing possibility to imply methods of quantum mechanics in various industries to progress forward. such as, quantum technologies have a broad scope of implementations across many sectors, including BFSI, defense, agriculture, transport, healthcare, etc.

Besides, rapid technical breakthroughs and reliance on technology to resolve complicated issues provide a lucrative opportunity for the market players. Furthermore, the steady efforts to come up with time and money-saving solutions by the tech giants are projected to provide unprecedented market growth through the forecast years.

Quantum Computing Market Segmentation Analysis – FY2024-2030

Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Quantum Computing Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.

The Quantum Computing Market segmentation is enlisted below:

By Offerings

Hardware
Software
Services

By Deployment

On Premises
Cloud
Hybrid

By Technology

Quantum Annealing
Superconducting
Trapped Ion
Quantum Dots
Others

By Application

Machine Learning
Numerical Simulation
Model Optimization

By End User

Private Companies
Academia
Government

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By Sector

Aerospace & Defense
Agriculture
Finance & Investment
IT & Communications
Agriculture
Logistics & Transportation
Automove & Mobility
Energy & Power
Chemicals & Materials
Life Sciences & Pharma
Medical Devices & Imaging
Others

By Region

North America
South America
Europe
Asia-Pacific
Rest of the World

Quantum Computing Market Competitive Landscape

Wave System Inc., IBM Corporation, Lockheed Martin, Google Research, Intel Corporation, Hewlett Packard Enterprise, QC Ware Corporation, Cambridge Quantum Computing Ltd., Fujitsu Ltd., Accenture and others..

Quantum Computing Industry News:

In February 2024, D-Wave, launched their latest prototype, the Advantage2, bragging over 1.200 qubits, via their leap quantum cloud service. It enables the current leap subscribers to access the latest hardware quickly, while newcomers can register for the leap & enjoy up to one minute of free usage of the Advantage2 prototype, along with other quantum processing units, and solvers available on the platform.

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Key Report Highlights

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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