PUBLISHER: BCC Research | PRODUCT CODE: 1341909
PUBLISHER: BCC Research | PRODUCT CODE: 1341909
The global quantum computing market reached $713.4 million in 2022, should reach $904.7 million by 2023 and $6.5 billion by 2028 with a compound annual growth rate (CAGR) of 48.1% during the forecast period of 2023-2028.
North American quantum computing market reached $316.6 million in 2022, should reach $402.7 million by 2023 and $2.9 billion by 2028 with a CAGR of 48.6% during the forecast period of 2023-2028.
Asia-Pacific quantum computing market reached $133.7 million in 2022, should reach $174.3 million by 2023 and $1.4 billion by 2028 with a CAGR of 52.3% during the forecast period of 2023-2028.
In this report, the quantum computing market has been segmented based on offering, deployment, technology, application, end-user industry, and region. The report provides an overview of the global quantum computing market and analyzes market trends. Using 2022 as the base year, the report provides estimated market data for the forecast period 2023 through 2028.
Revenue forecasts for this period are segmented into:
Offering: services and systems.
Method of deployment: on-premises and cloud-based.
Technology: trapped ions, quantum annealing, superconducting qubits, and others.
Application: quantum-assisted optimization, quantum simulation and quantum-assisted machine learning.
End-user industry: banking and finance, IT and telecom, healthcare and pharmaceuticals, space and defense, energy and power, transportation and logistics, academia, government, chemicals, and others.
Region: North America is segmented into the U.S., Canada, and Mexico; Europe is segmented into the U.K., France, Germany, and Rest of Europe; the U.K. is further segmented into England, Wales, Scotland, and Northern Ireland; Asia-Pacific (APAC) is segmented into China, Japan, India, and Rest of Asia-Pacific; the Rest of World is segmented into the Middle East and Africa, and Latin America.
COVID-19 has had a massive impact on society since early 2020. This report considers the impact of COVID-19 and the economic slowdown it created. With people relying more on technology, the demand for quantum computing will increase and boost the market growth. The report also focuses on the major trends and challenges that affect the market and the vendor landscape.
This report has been prepared in a simple, easy-to-understand format, with numerous tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for quantum computing, with reasons given for variations in the growth of the industry in certain regions. The report examines each component of quantum computing technology, determines its current market size, and estimates its future market. The report also analyzes the market from the manufacturers' viewpoint as well as that of the final consumer. A number of technical issues arising out of the utilization of quantum computing technologies are discussed, and solutions are indicated.
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