Need help finding what you are looking for?
Contact Us
PUBLISHER: Grand View Research | PRODUCT CODE: 1404955
PUBLISHER: Grand View Research | PRODUCT CODE: 1404955
Quantum Computing Market Size, Share & Trends Analysis Report By Deployment (Cloud, On-premises), By Offering (System, Services), By End-user (BFSI, Chemical), By Application (ML, Simulation), By Region, And Segment Forecast, 2023 - 2030
PUBLISHED:
PAGES: 100 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
Quantum Computing Market Growth & Trends:
The global quantum computing market size is anticipated to reach USD 4,243.3 million by 2030, registering a CAGR of 19.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. Quantum computing is an emerging field with the potential to revolutionize various industries and computing paradigms. While the market is dynamic and subject to rapid changes, several global growth trends have been shaping this market. Investments from governments, tech giants, and venture capitalists in quantum R&D are crucial for the advancement of quantum technology. These investments support research efforts, enable the development of cutting-edge hardware & software, and drive innovation across various industries.
Quantum technology is highly complex and requires significant resources for R&D. These investments help accelerate progress by providing funding for experimental work, the recruitment of top talent, and access to advanced research facilities. For instance, in 2020, the U.S. Congress passed the National Quantum Initiative Act, providing USD 1.2 billion over five years for quantum research. This funding supports the development of quantum hardware, software, and workforce training programs. Quantum hardware, including quantum processors and qubit architectures, has been continuously improving. Researchers are working to increase the number of qubits and improve qubit quality, making quantum computers more powerful and reliable.
Moreover, the hybrid approach, combining quantum and classical computing, has gained traction. This approach allows for practical problem-solving by harnessing the strengths of both quantum and classical computers. Quantum cloud services have become more prevalent, making quantum computing resources accessible to a wider audience. These services offer scalability, convenience, and affordability for researchers and businesses. Quantum cloud services allow users to pay for quantum computing resources on a usage-based model, similar to traditional cloud computing services. This pay-as-you-go approach can be more cost-effective than purchasing and maintaining quantum hardware, especially for organizations that have sporadic or variable quantum computing needs.
North American tech giants, including IBM, Google, Microsoft, and startups like Rigetti and IonQ, were actively involved in quantum computing R&D. These companies were competing to develop more powerful quantum hardware and software solutions. Quantum software development was a growing trend in the region. Developers and software companies in the region were actively engaged in creating quantum algorithms, programming tools, and applications for various industries. Europe led the global market with a revenue share of 34.6% in 2022. The region witnessed the emergence of several startup and spinoff companies focused on quantum computing.
Quantum Computing Market Report Highlights:
- By offering, the system segment dominated the market with a share of over 64.5% in 2022. The service segment is expected to register the highest CAGR from 2023 to 2030 due to an increasing number of startups investing in R&D related to quantum computing technology
- The cloud deployment segment is projected to account for a significant growth rate from 2023 to 2030
- The optimization application segment held the largest share of 31.6% in 2022. By leveraging the power & speed of quantum computing, an organization can optimize its operation, improve decision-making, and reduce costs
Product Code: GVR-4-68040-155-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Quantum Computing Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Quantum Computing Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and Social landscape
- 3.3.2.3. Technological landscape
- 3.3.1. Industry Analysis - Porter's
- 3.4. Pain Point Analysis
Chapter 4. Quantum Computing Market: Offering Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Quantum Computing Market: Offering Movement Analysis, USD Million, 2022 & 2030
- 4.3. System
- 4.3.1. System Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Quantum Computing Market: Deployment Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Quantum Computing Market: Deployment Movement Analysis, USD Million, 2022 & 2030
- 5.3. On-premises
- 5.3.1. On-Premises Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Cloud
- 5.4.1. Cloud Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Quantum Computing Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Quantum Computing Market: Application Movement Analysis, USD Million, 2022 & 2030
- 6.3. Optimization
- 6.3.1. Optimization Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Simulation
- 6.4.1. Simulation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5. Machine Learning
- 6.5.1. Machine Learning Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6. Others
- 6.6.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Quantum Computing Market: End-user Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Quantum Computing Market: End-user Movement Analysis, USD Million, 2022 & 2030
- 7.3. Aerospace & Defense
- 7.3.1. Aerospace & Defense Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4. BFSI
- 7.4.1. BFSI Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5. Healthcare
- 7.5.1. Healthcare Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6. Automotive
- 7.6.1. Automotive Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.7. Energy & Power
- 7.7.1. Energy & Power Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.8. Chemical
- 7.8.1. Chemical Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.9. Government
- 7.9.1. Government Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.10. Others
- 7.10.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. Quantum Computing Market: Regional Estimates & Trend Analysis
- 8.1. Quantum Computing Market Share, By Region, 2022 & 2030, USD Million
- 8.2. North America
- 8.2.1. North America Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Australia Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.5.3. Mexico
- 8.5.3.1. Mexico Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Middle East & Africa Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.2. UAE
- 8.6.2.1. UAE Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.3. KSA
- 8.6.3.1. KSA Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Quantum Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Heat Map Analysis
- 9.7. Strategy Mapping
- 9.8. Company Profiles/Listing
- 9.8.1. Accenture Plc.
- 9.8.2. D-WaveSystem Inc.
- 9.8.3. Google LLC
- 9.8.4. IBM Corporation
- 9.8.5. Intel Corporation
- 9.8.6. Microsoft Corporation
- 9.8.7. Quantinuum Ltd.
- 9.8.8. Rigetti & Co, Inc.
- 9.8.9. Riverlane
- 9.8.10. Zapata Computing
Product Code: GVR-4-68040-155-1
List of Tables
- Table 1 Global Quantum Computing Market by Offering, 2017 - 2030 (USD Million)
- Table 2 Global Quantum Computing Market by Deployment, 2017 - 2030 (USD Million)
- Table 3 Global Quantum Computing Market by Application, 2017 - 2030 (USD Million)
- Table 4 Global Quantum Computing Market by End-user, 2017 - 2030 (USD Million)
- Table 5 Global Quantum Computing Market by Region, 2017 - 2030 (USD Million)
- Table 6 North America Quantum Computing Market by country, 2017 - 2030 (USD Million)
- Table 7 Europe Quantum Computing Market by country, 2017 - 2030 (USD Million)
- Table 8 Asia Pacific Quantum Computing Market by country, 2017 - 2030 (USD Million)
- Table 9 Latin America Quantum Computing Market by country, 2017 - 2030 (USD Million)
- Table 10 MEA Quantum Computing Market by country, 2017 - 2030 (USD Million)
- Table 11 Key companies launching new products/services
- Table 12 Key companies engaged in mergers & acquisition
- Table 13 Key companies engaged in Research & development
- Table 14 Key Companies engaged in expansion
List of Figures
- Fig. 1 Quantum Computing Market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value chain-based sizing & forecasting
- Fig. 7 Parent market analysis
- Fig. 8 Market formulation & validation
- Fig. 9 Quantum Computing Market snapshot
- Fig. 10 Quantum Computing Market segment snapshot
- Fig. 11 Quantum Computing Market competitive landscape snapshot
- Fig. 12 Market research process
- Fig. 13 Market driver relevance analysis (Current & future impact)
- Fig. 14 Market restraint relevance analysis (Current & future impact)
- Fig. 15 Quantum Computing Market, Offering outlook key takeaways (USD Million)
- Fig. 16 Quantum Computing Market: Offering movement analysis 2022 & 2030 (USD Million)
- Fig. 17 System market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 18 Services market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 19 Quantum Computing Market: Deployment outlook key takeaways (USD Million)
- Fig. 20 Quantum Computing Market: Deployment movement analysis 2022 & 2030 (USD Million)
- Fig. 21 On-Premises market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 22 Cloud market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 23 Quantum Computing Market: Application outlook key takeaways (USD Million)
- Fig. 24 Quantum Computing Market: Application movement analysis 2022 & 2030 (USD Million)
- Fig. 25 Optimization market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 26 Simulation market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 27 Machine learning market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 28 Others market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 29 Quantum Computing Market: End-user outlook key takeaways (USD Million)
- Fig. 30 Quantum Computing Market: End-user movement analysis (USD Million), 2022 & 20
- Fig. 31 Aerospace & Defense market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 32 BFSI market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 33 Healthcare market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 34 Automotive market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 35 Energy & Power market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 36 Chemical market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 37 Government market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 38 Others market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 39 Regional marketplace: Key takeaways
- Fig. 40 Quantum Computing Market: Regional outlook, 2022 & 2030, USD Million
- Fig. 41 North America Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 42 U.S. Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 43 Canada Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 44 Europe Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 45 UK Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 46 Germany Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 47 France Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 48 Asia Pacific Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 49 Japan Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 50 China Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 51 India Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 52 Australia Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 53 South Korea Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 54 Latin America Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 55 Brazil Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 56 Mexico Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 57 MEA Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 58 KSA Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 59 UAE Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 60 South Affrica Quantum Computing Market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 61 Strategy framework
- Fig. 62 Company Categorization
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.