Quantum Computing Market Report: Trends, Forecast and Competitive Analysis to 2030

Quantum Computing Trends and Forecast

The future of the global quantum computing market looks promising with opportunities in the optimization, simulation, and machine learning applications. The global quantum computing market is expected to reach an estimated $7.7 billion by 2030 with a CAGR of 36.8% from 2024 to 2030. The major drivers for this market are growing need for high-performance computing and rising demand for quantum computing solutions from various industries.

A more than 150-page report is developed to help in your business decisions.

Quantum Computing by Segment

The study includes a forecast for the global quantum computing by deployment, technology, application, end use, and region.

Quantum Computing Market by Deployment [Shipment Analysis by Value from 2018 to 2030]:

• On-Premises
• Cloud

Quantum Computing Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Trapped Ions
• Quantum Annealing
• Superconducting Qubits
• Others

Quantum Computing Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Optimization
• Simulation
• Machine Learning
• Others

Quantum Computing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Space & Defense
• Transportation & Logistics
• Healthcare & Pharmaceuticals
• Chemicals
• Banking & Finance
• Energy & Power
• Academia
• Government
• Others

Quantum Computing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Quantum Computing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies quantum computing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the quantum computing companies profiled in this report include-

• IBM
• D-Wave Quantum
• Microsoft
• Amazon Web Services
• Rigetti Computing
• Fujitsu
• Hitachi

Quantum Computing Market Insights

Lucintel forecasts that cloud is expected to witness the higher growth over the forecast period due to its growing usage among users given to its flexibility and powerful systems.

Within this market, optimization will remain the largest segment due to growing use of quantum algorithms to optimize problems and solve in a faster and more efficient manner.

APAC will remain the largest region over the forecast period due to widespread applications quantum computing among various sectors, such as defence, medical care, pharmaceutical, and energy & power in the region.

Features of the Global Quantum Computing Market

Market Size Estimates: Quantum computing market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Quantum computing market size by various segments, such as by deployment, technology, application, end use, and region in terms of value ($B).

Regional Analysis: Quantum computing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different deployments, technologies, applications, end uses, and regions for the quantum computing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the quantum computing market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the quantum computing market size?

Answer: The global quantum computing market is expected to reach an estimated $7.7 billion by 2030.

Q2. What is the growth forecast for quantum computing market?

Answer: The global quantum computing market is expected to grow with a CAGR of 36.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the quantum computing market?

Answer: The major drivers for this market are growing need for high-performance computing and rising demand for quantum computing solutions from various industries.

Q4. What are the major segments for quantum computing market?

Answer: The future of the quantum computing market looks promising with opportunities in the optimization, simulation, and machine learning applications.

Q5. Who are the key quantum computing market companies?

Answer: Some of the key quantum computing companies are as follows:

• IBM
• D-Wave Quantum
• Microsoft
• Amazon Web Services
• Rigetti Computing
• Fujitsu
• Hitachi

Q6. Which quantum computing market segment will be the largest in future?

Answer: Lucintel forecasts that cloud is expected to witness the higher growth over the forecast period due to its growing usage among users given to its flexibility and powerful systems.

Q7. In quantum computing market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to widespread applications quantum computing among various sectors, such as defence, medical care, pharmaceutical, and energy & power in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the quantum computing market by deployment (on-premises and cloud), technology (trapped ions, quantum annealing, superconducting qubits, and others), application (optimization, simulation, machine learning, and others), end use (space & defense, transportation & logistics, healthcare & pharmaceuticals, chemicals, banking & finance, energy & power, academia, government, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?