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Market Research Report

Quantum Computing Market with COVID-19 impact by Offering (Systems and Services), Deployment (On Premises and Cloud Based), Application, Technology, End-use Industry and Region - Global Forecast to 2026

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Quantum Computing Market with COVID-19 impact by Offering (Systems and Services), Deployment (On Premises and Cloud Based), Application, Technology, End-use Industry and Region - Global Forecast to 2026
Published: February 2, 2021 Content info: 196 Pages
Description

The Quantum Computing market is expected to grow from USD 472 million in 2021 to USD 1,765 million by 2026, at a CAGR of 30.2%. The early adoption of quantum computing in the banking and finance sector is expected to fuel the growth of the market globally. Other key factors contributing to the growth of the quantum computing market include rising investments by governments of different countries to carry out research and development activities related to quantum computing technology. Several companies are focusing on the adoption of QCaaS post-COVID-19. This, in turn, is expected to contribute to the growth of the quantum computing market. However, stability and error correction issues is expected to restrain the growth of the market.

Services segment is attributed to hold the largest share of the Quantum Computing market

The growth of services segment can be attributed to the increasing number of startups across the world that are investing in research and development activities related to quantum computing technology. This technology is used in optimization, simulation, and machine learning applications, thereby leading to optimum utilization costs and highly efficient operations in various end-use industries.

Cloud based deployment to witness the highest growth in Quantum Computing market in coming years

With the development of highly powerful systems, the demand for cloud-based deployment of quantum computing systems and services is expected to increase. This, in turn, is expected to result in a significant revenue source for service providers, with users paying for access to noisy intermediate-scale quantum (NISQ) systems that can solve real-world problems. The limited lifespan of rapidly advancing quantum computing systems also favors cloud service providers. The flexibility of access offered to users is another factor fueling the adoption of cloud-based deployment of quantum computing systems and services. For the foreseeable future, quantum computers are expected not to be portable. Cloud can provide users with access to different devices and simulators from their laptops.

Optimization accounted for a major share of the overall Quantum Computing market

Optimization is the largest application for quantum computing and accounted for a major share of the overall Quantum Computing market. Companies such as D-Wave Systems, Cambridge Quantum Computing, QC Ware, and 1QB Information Technologies are developing quantum computing systems for optimization applications. Networked Quantum Information Technologies Hub (NQIT) is expanding to incorporate optimization solutions for resolving problems faced by the practical applications of quantum computing technology.

Trapped ions segment to witness highest CAGR of Quantum Computing market during the forecast period

The trapped ions segment of the market is projected to grow at the highest CAGR during the forecast period as quantum computing systems based on trapped ions offer more stability and better connectivity than quantum computing systems based on other technologies. IonQ, Alpine Quantum Technologies, and Honeywell are a few companies that use trapped ions technology in their quantum computing systems.

Banking and finance is attributed to hold major share of Quantum Computing market during the forecast period

In the banking and finance end-use industry, quantum computing is used for risk modeling and trading applications. It is also used to detect the market instabilities by identifying stock market risks and optimize the trading trajectories, portfolios, and asset pricing and hedging. As the financial sector is difficult to understand; the quantum computing approach is expected to help users understand the complexities of the banking and finance end-use industry. Moreover, it can help traders by suggesting them solutions to overcome financial challenges.

APAC to witness highest growth of Quantum Computing market during the forecast period

APAC region is a leading hub for several industries, including healthcare and pharmaceuticals, banking and finance, and chemicals. Countries such as China, Japan, and South Korea are the leading manufacturers of consumer electronics, including smartphones, laptops, and gaming consoles, in APAC. There is a requirement to resolve complications in optimization, simulation, and machine learning applications across these industries. The large-scale development witnessed by emerging economies of APAC and the increased use of advanced technologies in the manufacturing sector are contributing to the development of large and medium enterprises in the region. This, in turn, is fueling the demand for quantum computing services and systems in APAC.

In APAC, the investments look promising, as most countries such as China, Japan, and South Korea have successfully contained the virus compared with the US and European countries. China is easing the restrictions placed on factory lockdowns and worker movement. Despite being the epicenter of COVID-19, China has maintained its dominant position as a global network leader.

The break-up of primary participants for the report has been shown below:

  • By Company Type: Tier 1 - 18%, Tier 2 - 22%, and Tier 3 - 60%
  • By Designation: C-level Executives - 21%, Manager Level - 35%, and Others - 44%
  • By Region: North America - 45%, Europe - 38%, APAC - 12%, and RoW - 5%

The Quantum Computing market was dominated by International Business Machines (US), D-Wave Systems (Canada), Microsoft (US), Amazon (US), and Rigetti Computing (US).

Research Coverage:

This research report categorizes the Quantum Computing based on offering, deployment, application, technology, end-use industry and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the Quantum Computing market and forecasts the same till 2026.

Key Benefits of Buying the Report

The report would help leaders/new entrants in this market in the following ways:

1. This report segments the Quantum Computing market comprehensively and provides the closest market size projection for all subsegments across different regions.

2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.

3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes product launches and developments, partnerships, and collaborations.

4. This report would help understand the pre and post-COVID-19 scenarios as to how would the penetration of quantum computing will look like for the forecast period. The region segment includes the country wise impact analysis of COVID-19 and initiatives taken to overcome these impacts.

Table of Contents
Product Code: SE 5490

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 DEFINITION
  • 1.3 INCLUSIONS AND EXCLUSIONS
  • 1.4 STUDY SCOPE
    • 1.4.1 MARKETS COVERED
    • FIGURE 1 QUANTUM COMPUTING MARKET SEGMENTATION
    • 1.4.2 YEARS CONSIDERED
  • 1.5 CURRENCY
  • 1.6 LIMITATIONS
  • 1.7 STAKEHOLDERS
  • 1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 2 QUANTUM COMPUTING MARKET: RESEARCH DESIGN
    • 2.1.1 SECONDARY AND PRIMARY RESEARCH
    • 2.1.2 SECONDARY DATA
    • TABLE 1 MAJOR SECONDARY SOURCES
      • 2.1.2.1 Key data from secondary sources
    • 2.1.3 PRIMARY DATA
    • TABLE 2 PRIMARY INTERVIEWS WITH EXPERTS
      • 2.1.3.1 Key data from primary sources
      • 2.1.3.2 Breakdown of primaries
      • 2.1.3.3 Key industry insights
  • 2.2 MARKET SIZE ESTIMATION
    • FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS
    • 2.2.1 BOTTOM-UP APPROACH
    • 2.2.2 TOP-DOWN APPROACH
  • 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
    • FIGURE 4 DATA TRIANGULATION
  • 2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY

    • FIGURE 5 SERVICES SEGMENT TO ACCOUNT FOR LARGE SIZE OF QUANTUM COMPUTING MARKET FROM 2021 TO 2026
    • FIGURE 6 CLOUD BASED SEGMENT PROJECTED TO LEAD QUANTUM COMPUTING MARKET FROM 2021 TO 2026
    • FIGURE 7 SUPERCONDUCTING QUBITS SEGMENT TO HOLD LARGEST SIZE OF QUANTUM COMPUTING MARKET FROM 2021 TO 2026
    • FIGURE 8 MACHINE LEARNING SEGMENT OF QUANTUM COMPUTING MARKET TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
    • FIGURE 9 BANKING AND FINANCE SEGMENT TO HOLD LARGEST SHARE OF QUANTUM COMPUTING MARKET FROM 2021 TO 2026
    • FIGURE 10 QUANTUM COMPUTING MARKET IN APAC PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES IN QUANTUM COMPUTING MARKET
    • FIGURE 11 RISING INVESTMENTS IN QUANTUM COMPUTING TECHNOLOGY TO DRIVE MARKET GROWTH
  • 4.2 QUANTUM COMPUTING MARKET, BY OFFERING
    • FIGURE 12 SERVICES SEGMENT OF QUANTUM COMPUTING MARKET TO GROW AT HIGH CAGR FROM 2021 TO 2026
  • 4.3 QUANTUM COMPUTING MARKET, BY DEPLOYMENT
    • FIGURE 13 CLOUD BASED SEGMENT TO ACCOUNT FOR LARGE SIZE OF QUANTUM COMPUTING MARKET FROM 2021 TO 2026
  • 4.4 QUANTUM COMPUTING MARKET IN APAC, BY APPLICATION AND COUNTRY
    • FIGURE 14 OPTIMIZATION SEGMENT AND CHINA ACCOUNTED FOR LARGEST SHARES OF QUANTUM COMPUTING MARKET IN APAC IN 2020
  • 4.5 QUANTUM COMPUTING MARKET, BY TECHNOLOGY
    • FIGURE 15 SUPERCONDUCTING QUBITS WILL HOLD THE LARGEST SHARE OF QUANTUM COMPUTING MARKET FROM 2021 TO 2026
  • 4.6 QUANTUM COMPUTING MARKET, BY END-USE INDUSTRY
    • FIGURE 16 HEALTHCARE AND PHARMACEUTICALS SEGMENT OF QUANTUM COMPUTING MARKET TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
  • 4.7 QUANTUM COMPUTING MARKET, BY REGION
    • FIGURE 17 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF QUANTUM COMPUTING MARKET IN 2020

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 18 RISE IN INVESTMENTS IN QUANTUM COMPUTING TECHNOLOGY TO DRIVE MARKET GROWTH
    • 5.2.1 DRIVERS
    • FIGURE 19 QUANTUM COMPUTING MARKET DRIVERS AND THEIR IMPACT
      • 5.2.1.1 Early adoption of quantum computing in banking and finance industry
      • 5.2.1.2 Rise in investments in quantum computing technology
      • 5.2.1.3 Surge in number of strategic partnerships and collaborations to carry out advancements in quantum computing technology
    • TABLE 3 COMPARISON OF QUANTUM COMPUTERS WITH CLASSICAL COMPUTERS IN TERMS OF SPEED
    • 5.2.2 RESTRAINTS
    • FIGURE 20 QUANTUM COMPUTING MARKET RESTRAINTS AND THEIR IMPACT
      • 5.2.2.1 Stability and error correction issues
    • 5.2.3 OPPORTUNITIES
    • FIGURE 21 QUANTUM COMPUTING MARKET OPPORTUNITIES AND THEIR IMPACT
      • 5.2.3.1 Technological advancements in quantum computing
    • FIGURE 22 NUMBER OF QUBITS ACHIEVED BY ORGANIZATIONS, 1998-2020
      • 5.2.3.2 Surge in adoption of quantum computing technology for drug discovery
    • 5.2.4 CHALLENGES
    • FIGURE 23 QUANTUM COMPUTING MARKET CHALLENGES AND THEIR IMPACT
      • 5.2.4.1 Dearth of highly skilled professionals
      • 5.2.4.2 Physical challenges related to use of quantum computers
  • 5.3 VALUE CHAIN ANALYSIS
    • FIGURE 24 QCAAS PROVIDERS CONTRIBUTE MAJOR VALUE TO QUANTUM COMPUTING VALUE CHAIN
  • 5.4 ECOSYSTEM
    • TABLE 4 QUANTUM COMPUTING MARKET ECOSYSTEM
    • FIGURE 25 QUANTUM COMPUTING MARKET ECOSYSTEM
  • 5.5 PORTER'S FIVE FORCES ANALYSIS
    • TABLE 5 IMPACT OF EACH FORCE ON QUANTUM COMPUTING MARKET
  • 5.6 PRICING ANALYSIS
    • FIGURE 26 AVERAGE SELLING PRICE ANALYSIS, 2015-2026
    • TABLE 6 AVERAGE SELLING PRICE RANGE OF QUANTUM COMPUTING SYSTEMS
    • TABLE 7 AVERAGE SELLING PRICE RANGE OF QUANTUM COMPUTING AS A SERVICE
  • 5.7 IMPACT OF COVID-19 ON QUANTUM COMPUTING MARKET
    • FIGURE 27 PRE- AND POST-COVID-19 SCENARIO: QUANTUM COMPUTING MARKET
    • 5.7.1 PRE-COVID-19
    • 5.7.2 POST-COVID-19
  • 5.8 TRADE ANALYSIS
    • TABLE 8 IMPORT DATA FOR AUTOMATIC DATA-PROCESSING MACHINES, BY COUNTRY, 2015-2019 (USD MILLION)
    • TABLE 9 EXPORT DATA FOR AUTOMATIC DATA-PROCESSING MACHINES, BY COUNTRY, 2015-2019 (USD MILLION)
  • 5.9 TARIFF AND REGULATORY STANDARDS
    • 5.9.1 REGULATORY STANDARDS
      • 5.9.1.1 P1913 -Software-defined quantum communication
      • 5.9.1.2 P7130 - Standard for quantum technologies definitions
      • 5.9.1.3 P7131 - Standard for quantum computing performance metrics and benchmarking
  • 5.10 TECHNOLOGY ANALYSIS
    • 5.10.1 QUANTUM COMMUNICATION TECHNOLOGY
    • 5.10.2 QUANTUM COMPUTING ACADEMIA
    • 5.10.3 CYBERSECURITY TRANSFORMATION
  • 5.11 PATENT ANALYSIS
    • TABLE 10 FEW RECENT NOTICEABLE PATENTS RELATED TO QUANTUM COMPUTING
  • 5.12 CASE STUDIES
    • 5.12.1 RESOLUTION OF LARGE-SCALE AND COMPLEX PROBLEMS IN REASONABLE AMOUNT OF TIME
    • 5.12.2 STUDY ADVANCEMENTS IN MACHINE LEARNING CARRIED OUT BY QUANTUM COMPUTING
    • 5.12.3 DEVELOPMENT OF IMPROVED ALGORITHMS FOR OPTIMIZATION OF AIR TRAFFIC CONTROL, AUTONOMY, ROBOTICS, NAVIGATION AND COMMUNICATION, ETC.
    • 5.12.4 POTENTIAL OF QUANTUM COMPUTING TO IMPROVE ANALYSIS OF MEDICAL IMAGES
    • 5.12.5 USE OF QUANTUM COMPUTERS TO ACCELERATE DISCOVERY AND DEVELOPMENT OF NEW CHEMICALS

6 QUANTUM COMPUTING MARKET, BY OFFERING

  • 6.1 INTRODUCTION
    • FIGURE 28 SERVICES SEGMENT TO ACCOUNT FOR LARGE SIZE OF QUANTUM COMPUTING MARKET FROM 2021 TO 2026
    • TABLE 11 PRE-COVID-19: QUANTUM COMPUTING MARKET, BY OFFERING, 2017-2019 (USD MILLION)
    • TABLE 12 POST-COVID-19: QUANTUM COMPUTING MARKET, BY OFFERING, 2020-2026 (USD MILLION)
  • 6.2 SYSTEMS
    • 6.2.1 DEPLOYMENT OF ON PREMISES QUANTUM COMPUTERS AT SITES OF CLIENTS
    • TABLE 13 QUANTUM COMPUTING MARKET FOR SYSTEMS, 2017-2026 (UNITS)
    • TABLE 14 QUANTUM COMPUTING MARKET FOR SYSTEMS, 2020-2026 (UNITS)
  • 6.3 SERVICES
    • TABLE 15 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR SERVICES, BY TYPE, 2017-2019 (USD MILLION)
    • TABLE 16 POST-COVID-19: QUANTUM COMPUTING MARKET FOR SERVICES, BY TYPE, 2020-2026 (USD MILLION)
    • 6.3.1 QUANTUM COMPUTING AS A SERVICE (QCAAS)
      • 6.3.1.1 Risen number of companies offering QCaaS owing to increasing demand for cloud-based systems and services
    • TABLE 17 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR QUANTUM COMPUTING AS A SERVICE, BY TECHNOLOGY, 2017-2019 (USD MILLION)
    • TABLE 18 POST-COVID-19: QUANTUM COMPUTING MARKET FOR QUANTUM COMPUTING AS A SERVICE, BY TECHNOLOGY, 2020-2026 (USD MILLION)
    • 6.3.2 CONSULTING SERVICES
      • 6.3.2.1 Consulting services provide customized roadmaps to clients to help them in adoption of quantum computing technology
    • TABLE 19 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR CONSULTING SERVICES, BY TECHNOLOGY, 2017-2019 (USD MILLION)
    • TABLE 20 POST-COVID-19: QUANTUM COMPUTING MARKET FOR CONSULTING SERVICES, BY TECHNOLOGY, 2020-2026 (USD MILLION)

7 QUANTUM COMPUTING MARKET, BY DEPLOYMENT

  • 7.1 INTRODUCTION
    • FIGURE 29 CLOUD-BASED QUANTUM COMPUTING MARKET TO GROW AT HIGH RATE FROM 2021 TO 2026
    • TABLE 21 PRE-COVID-19: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2017-2019 (USD MILLION)
    • TABLE 22 POST-COVID-19: QUANTUM COMPUTING MARKET, BY DEPLOYMENT, 2020-2026 (USD MILLION)
  • 7.2 ON PREMISES
    • 7.2.1 DEPLOYMENT OF ON PREMISES QUANTUM COMPUTERS BY ORGANIZATIONS TO ENSURE DATA SECURITY
    • TABLE 23 PRE-COVID-19: ON PREMISES QUANTUM COMPUTING MARKET, BY END-USE INDUSTRY, 2017-2019 (USD MILLION)
    • TABLE 24 POST-COVID-19: ON PREMISES QUANTUM COMPUTING MARKET, BY END-USE INDUSTRY, 2020-2026 (USD MILLION)
  • 7.3 CLOUD BASED
    • 7.3.1 HIGH COSTS AND DEEP COMPLEXITY OF QUANTUM COMPUTING SYSTEMS AND SERVICES DRIVE ENTERPRISES TOWARD CLOUD DEPLOYMENTS
    • TABLE 25 PRE-COVID-19: CLOUD-BASED QUANTUM COMPUTING MARKET, BY END-USE INDUSTRY, 2017-2019 (USD MILLION)
    • TABLE 26 POST-COVID-19: CLOUD-BASED QUANTUM COMPUTING MARKET, BY END-USE INDUSTRY, 2020-2026 (USD MILLION)

8 QUANTUM COMPUTING MARKET, BY APPLICATION

  • 8.1 INTRODUCTION
    • FIGURE 30 OPTIMIZATION SEGMENT TO ACCOUNT FOR LARGEST SIZE OF QUANTUM COMPUTING MARKET FROM 2021 TO 2026
    • TABLE 27 PRE-COVID-19: QUANTUM COMPUTING MARKET, BY APPLICATION, 2017-2019 (USD MILLION)
    • TABLE 28 POST-COVID-19: QUANTUM COMPUTING MARKET, BY APPLICATION, 2020-2026 (USD MILLION)
  • 8.2 OPTIMIZATION
    • 8.2.1 OPTIMIZATION USING QUANTUM COMPUTING TECHNOLOGY RESOLVES PROBLEMS IN REAL-WORLD SETTINGS
    • TABLE 29 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR OPTIMIZATION, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 30 POST-COVID-19: QUANTUM COMPUTING MARKET FOR OPTIMIZATION, BY REGION, 2020-2026 (USD MILLION)
  • 8.3 MACHINE LEARNING
    • 8.3.1 RISEN USE OF MACHINE LEARNING IN VARIOUS END-USE INDUSTRIES
    • TABLE 31 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR MACHINE LEARNING, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 32 POST-COVID-19: QUANTUM COMPUTING MARKET FOR MACHINE LEARNING, BY REGION, 2020-2026 (USD MILLION)
  • 8.4 SIMULATION
    • 8.4.1 SIMULATION HELPS SCIENTISTS GAIN IMPROVED UNDERSTANDING OF MOLECULE AND SUB-MOLECULE LEVEL INTERACTIONS
    • TABLE 33 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR SIMULATION, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 34 POST-COVID-19: QUANTUM COMPUTING MARKET FOR SIMULATION, BY REGION, 2020-2026 (USD MILLION)
  • 8.5 OTHERS
    • TABLE 35 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR OTHER APPLICATIONS, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 36 POST-COVID-19: QUANTUM COMPUTING MARKET FOR OTHER APPLICATIONS, BY REGION, 2020-2026 (USD MILLION)

9 QUANTUM COMPUTING MARKET, BY TECHNOLOGY

  • 9.1 INTRODUCTION
    • FIGURE 31 TRAPPED IONS SEGMENT OF QUANTUM COMPUTING MARKET TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
    • TABLE 37 PRE-COVID-19: QUANTUM COMPUTING MARKET, BY TECHNOLOGY, 2017-2019 (USD MILLION)
    • TABLE 38 POST-COVID-19: QUANTUM COMPUTING MARKET, BY TECHNOLOGY, 2020-2026 (USD MILLION)
  • 9.2 SUPERCONDUCTING QUBITS
    • 9.2.1 EXISTENCE OF SUPERCONDUCTING QUBITS IN SERIES OF QUANTIZED ENERGY STATES
    • TABLE 39 PRE-COVID-19: SUPERCONDUCTING QUBIT-BASED QUANTUM COMPUTING MARKET, BY SERVICE, 2017-2019 (USD MILLION)
    • TABLE 40 POST-COVID-19: SUPERCONDUCTING QUBIT-BASED QUANTUM COMPUTING MARKET, BY SERVICE, 2020-2026 (USD MILLION)
  • 9.3 TRAPPED IONS
    • 9.3.1 SURGED USE OF TRAPPED IONS TECHNOLOGY IN QUANTUM COMPUTERS
    • TABLE 41 PRE-COVID-19: TRAPPED ION-BASED QUANTUM COMPUTING MARKET, BY SERVICE, 2017-2019 (USD MILLION)
    • TABLE 42 POST-COVID-19: TRAPPED ION-BASED QUANTUM COMPUTING MARKET, BY SERVICE, 2020-2026 (USD MILLION)
  • 9.4 QUANTUM ANNEALING
    • 9.4.1 RISEN USE OF QUANTUM ANNEALING TECHNOLOGY FOR SOLVING OPTIMIZATION PROBLEMS IN ENTERPRISES
    • TABLE 43 PRE-COVID-19: QUANTUM ANNEALING-BASED QUANTUM COMPUTING MARKET, BY SERVICE, 2017-2019 (USD MILLION)
    • TABLE 44 POST-COVID-19: QUANTUM ANNEALING-BASED QUANTUM COMPUTING MARKET, BY SERVICE, 2020-2026 (USD MILLION)
  • 9.5 OTHERS (TOPOLOGICAL AND PHOTONIC)
    • TABLE 45 PRE-COVID-19: OTHER TECHNOLOGY-BASED QUANTUM COMPUTING MARKET, BY SERVICE, 2017-2019 (USD MILLION)
    • TABLE 46 POST-COVID-19: OTHER TECHNOLOGY-BASED QUANTUM COMPUTING MARKET, BY SERVICE, 2020-2026 (USD MILLION)

10 QUANTUM COMPUTING MARKET, BY END-USE INDUSTRY

  • 10.1 INTRODUCTION
    • FIGURE 32 BANKING AND FINANCE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF QUANTUM COMPUTING MARKET FROM 2021 TO 2026
    • TABLE 47 PRE-COVID-19: QUANTUM COMPUTING MARKET, BY END-USE INDUSTRY, 2017-2019 (USD MILLION)
    • TABLE 48 POST-COVID-19: QUANTUM COMPUTING MARKET, BY END-USE INDUSTRY, 2020-2026 (USD MILLION)
  • 10.2 SPACE AND DEFENSE
    • 10.2.1 RISEN USE OF QUANTUM COMPUTING IN SPACE AND DEFENSE INDUSTRY TO PERFORM MULTIPLE OPERATIONS SIMULTANEOUSLY
    • TABLE 49 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR SPACE AND DEFENSE, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 50 POST-COVID-19: QUANTUM COMPUTING MARKET FOR SPACE AND DEFENSE, BY REGION, 2020-2026 (USD MILLION)
    • TABLE 51 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR SPACE AND DEFENSE, BY DEPLOYMENT, 2017-2019 (USD MILLION)
    • TABLE 52 POST-COVID-19: QUANTUM COMPUTING MARKET FOR SPACE AND DEFENSE, BY DEPLOYMENT, 2020-2026 (USD MILLION)
  • 10.3 BANKING AND FINANCE
    • 10.3.1 SIMULATION OFFERS ASSISTANCE FOR INVESTMENT RISK ANALYSIS AND DECISION-MAKING PROCESS IN BANKING AND FINANCE INDUSTRY
    • TABLE 53 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR BANKING AND FINANCE, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 54 POST-COVID-19: QUANTUM COMPUTING MARKET FOR BANKING AND FINANCE, BY REGION, 2020-2026 (USD MILLION)
    • TABLE 55 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR BANKING AND FINANCE, BY DEPLOYMENT, 2017-2019 (USD MILLION)
    • TABLE 56 POST-COVID-19: QUANTUM COMPUTING MARKET FOR BANKING AND FINANCE, BY DEPLOYMENT, 2020-2026 (USD MILLION)
  • 10.4 HEALTHCARE AND PHARMACEUTICALS
    • 10.4.1 SURGED DEMAND FOR ROBUST AND AGILE COMPUTING TECHNOLOGY FOR DRUG SIMULATION IN EFFICIENT AND TIMELY MANNER
    • TABLE 57 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR HEALTHCARE AND PHARMACEUTICALS, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 58 POST-COVID-19: QUANTUM COMPUTING MARKET FOR HEALTHCARE AND PHARMACEUTICALS, BY REGION, 2020-2026 (USD MILLION)
    • TABLE 59 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR HEALTHCARE AND PHARMACEUTICALS, BY DEPLOYMENT, 2017-2019 (USD MILLION)
    • TABLE 60 POST-COVID-19: QUANTUM COMPUTING MARKET FOR HEALTHCARE AND PHARMACEUTICALS, BY DEPLOYMENT, 2020-2026 (USD MILLION)
  • 10.5 ENERGY AND POWER
    • 10.5.1 INCREASED REQUIREMENT TO DEVELOP NEW ENERGY SOURCES AND OPTIMIZE ENERGY DELIVERY PROCESS
    • TABLE 61 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR ENERGY AND POWER, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 62 POST-COVID-19: QUANTUM COMPUTING MARKET FOR ENERGY AND POWER, BY REGION, 2020-2026 (USD MILLION)
    • TABLE 63 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR ENERGY AND POWER, BY DEPLOYMENT, 2017-2019 (USD MILLION)
    • TABLE 64 POST-COVID-19: QUANTUM COMPUTING MARKET FOR ENERGY AND POWER, BY DEPLOYMENT, 2020-2026 (USD MILLION)
  • 10.6 CHEMICALS
    • 10.6.1 ESTABLISHMENT OF NORTH AMERICA AND EUROPE AS LUCRATIVE MARKETS FOR CHEMICALS
    • TABLE 65 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR CHEMICALS, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 66 POST-COVID-19: QUANTUM COMPUTING MARKET FOR CHEMICALS, BY REGION, 2020-2026 (USD MILLION)
    • TABLE 67 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR CHEMICALS, BY DEPLOYMENT, 2017-2019 (USD MILLION)
    • TABLE 68 POST-COVID-19: QUANTUM COMPUTING MARKET FOR CHEMICALS, BY DEPLOYMENT, 2020-2026 (USD MILLION)
  • 10.7 TRANSPORTATION AND LOGISTICS
    • 10.7.1 SURGED USE OF QUANTUM-INSPIRED APPROACHES TO OPTIMIZE TRAFFIC FLOW
    • TABLE 69 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR TRANSPORTATION AND LOGISTICS, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 70 POST-COVID-19: QUANTUM COMPUTING MARKET FOR TRANSPORTATION AND LOGISTICS, BY REGION, 2020-2026 (USD MILLION)
    • TABLE 71 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR TRANSPORTATION AND LOGISTICS, BY DEPLOYMENT, 2017-2019 (USD MILLION)
    • TABLE 72 POST-COVID-19: QUANTUM COMPUTING MARKET FOR TRANSPORTATION AND LOGISTICS, BY DEPLOYMENT, 2020-2026 (USD MILLION)
  • 10.8 GOVERNMENT
    • 10.8.1 INCREASED NUMBER OF OPPORTUNITIES TO USE QUANTUM COMPUTING TO SOLVE PRACTICAL PROBLEMS OF CLIMATE CHANGE, TRAFFIC MANAGEMENT, ETC.
    • TABLE 73 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR GOVERNMENT, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 74 POST-COVID-19: QUANTUM COMPUTING MARKET FOR GOVERNMENT, BY REGION, 2020-2026 (USD MILLION)
    • TABLE 75 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR GOVERNMENT, BY DEPLOYMENT, 2017-2019 (USD MILLION)
    • TABLE 76 POST-COVID-19: QUANTUM COMPUTING MARKET FOR GOVERNMENT, BY DEPLOYMENT, 2020-2026 (USD MILLION)
  • 10.9 ACADEMIA
    • 10.9.1 RISEN NUMBER OF INTEGRATED FUNDAMENTAL QUANTUM INFORMATION SCIENCE RESEARCH ACTIVITIES TO FUEL MARKET GROWTH
    • TABLE 77 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR ACADEMIA, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 78 POST-COVID-19: QUANTUM COMPUTING MARKET FOR ACADEMIA, BY REGION, 2020-2026 (USD MILLION)
    • TABLE 79 PRE-COVID-19: QUANTUM COMPUTING MARKET FOR ACADEMIA, BY DEPLOYMENT, 2017-2019 (USD MILLION)
    • TABLE 80 POST-COVID-19: QUANTUM COMPUTING MARKET FOR ACADEMIA, BY DEPLOYMENT, 2020-2026 (USD MILLION)

11 GEOGRAPHIC ANALYSIS

  • 11.1 INTRODUCTION
    • FIGURE 33 QUANTUM COMPUTING MARKET IN SOUTH KOREA TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
    • TABLE 81 PRE-COVID-19: QUANTUM COMPUTING MARKET, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 82 POST-COVID-19: QUANTUM COMPUTING MARKET, BY REGION, 2020-2026 (USD MILLION)
  • 11.2 NORTH AMERICA
    • 11.2.1 COVID-19 IMPACT ON QUANTUM COMPUTING MARKET IN NORTH AMERICA
    • FIGURE 34 SNAPSHOT: QUANTUM COMPUTING MARKET IN NORTH AMERICA
    • TABLE 83 PRE-COVID-19: QUANTUM COMPUTING MARKET IN NORTH AMERICA, BY COUNTRY, 2017-2019 (USD MILLION)
    • TABLE 84 POST-COVID-19: QUANTUM COMPUTING MARKET IN NORTH AMERICA, BY COUNTRY, 2020-2026 (USD MILLION)
    • TABLE 85 PRE-COVID-19: QUANTUM COMPUTING MARKET IN NORTH AMERICA, BY APPLICATION, 2017-2019 (USD MILLION)
    • TABLE 86 POST-COVID-19: QUANTUM COMPUTING MARKET IN NORTH AMERICA, BY APPLICATION, 2020-2026 (USD MILLION)
    • TABLE 87 PRE-COVID-19: QUANTUM COMPUTING MARKET IN NORTH AMERICA, BY END-USE INDUSTRY, 2017-2019 (USD MILLION)
    • TABLE 88 POST-COVID-19: QUANTUM COMPUTING MARKET IN NORTH AMERICA, BY END-USE INDUSTRY, 2020-2026 (USD MILLION)
    • 11.2.2 US
      • 11.2.2.1 Establishment of US as early adopter of quantum computing owing to its highly developed economy and keenness to adopt new and advanced technologies
    • 11.2.3 CANADA AND MEXICO
      • 11.2.3.1 Increased investments by Government of Canada to fuel development of quantum computing market in country
  • 11.3 EUROPE
    • 11.3.1 COVID-19 IMPACT ON QUANTUM COMPUTING MARKET IN EUROPE
    • FIGURE 35 SNAPSHOT: QUANTUM COMPUTING MARKET IN EUROPE
    • TABLE 89 PRE-COVID-19: QUANTUM COMPUTING MARKET IN EUROPE, BY COUNTRY, 2017-2019 (USD MILLION)
    • TABLE 90 POST-COVID-19: QUANTUM COMPUTING MARKET IN EUROPE, BY COUNTRY, 2020-2026 (USD MILLION)
    • TABLE 91 PRE-COVID-19: QUANTUM COMPUTING MARKET IN EUROPE, BY APPLICATION, 2017-2019 (USD MILLION)
    • TABLE 92 POST-COVID-19: QUANTUM COMPUTING MARKET IN EUROPE, BY APPLICATION, 2020-2026 (USD MILLION)
    • TABLE 93 PRE-COVID-19: QUANTUM COMPUTING MARKET IN EUROPE, BY END-USE INDUSTRY, 2017-2019 (USD MILLION)
    • TABLE 94 POST-COVID-19: QUANTUM COMPUTING MARKET IN EUROPE, BY END-USE INDUSTRY, 2020-2026 (USD MILLION)
    • 11.3.2 UK
      • 11.3.2.1 Developments in industries to bring significant changes in adoption rate of quantum computing technology in UK
    • 11.3.3 GERMANY
      • 11.3.3.1 Initiatives undertaken by Government of Germany to spread awareness about importance of quantum computing for economy of country
    • 11.3.4 FRANCE
      • 11.3.4.1 Surged demand for advanced technologies to ensure secure communication in various industries to fuel market growth in France
    • 11.3.5 NETHERLANDS
      • 11.3.5.1 Emergence of Netherlands as one of leading players in field of quantum computing technology
    • 11.3.6 REST OF EUROPE
  • 11.4 APAC
    • 11.4.1 COVID-19 IMPACT ON QUANTUM COMPUTING MARKET OF APAC
    • FIGURE 36 SNAPSHOT: QUANTUM COMPUTING MARKET IN APAC
    • TABLE 95 PRE-COVID-19: QUANTUM COMPUTING MARKET IN APAC, BY COUNTRY, 2017-2019 (USD MILLION)
    • TABLE 96 POST-COVID-19: QUANTUM COMPUTING MARKET IN APAC, BY COUNTRY, 2020-2026 (USD MILLION)
    • TABLE 97 PRE-COVID-19: QUANTUM COMPUTING MARKET IN APAC, BY APPLICATION, 2017-2019 (USD MILLION)
    • TABLE 98 POST-COVID-19: QUANTUM COMPUTING MARKET IN APAC, BY APPLICATION, 2020-2026 (USD MILLION)
    • TABLE 99 PRE-COVID-19: QUANTUM COMPUTING MARKET IN APAC, BY END-USE INDUSTRY, 2017-2019 (USD MILLION)
    • TABLE 100 POST-COVID-19: QUANTUM COMPUTING MARKET IN APAC, BY END-USE INDUSTRY, 2020-2026 (USD MILLION)
    • 11.4.2 CHINA
      • 11.4.2.1 Substantial investments in computers by China for development of quantum computers
    • 11.4.3 JAPAN
      • 11.4.3.1 Increased focus on emerging technologies to make Japan technologically advanced
    • 11.4.4 SOUTH KOREA
      • 11.4.4.1 Quantum computing market in South Korea to grow at highest CAGR from 2021 to 2026
    • 11.4.5 REST OF APAC
  • 11.5 ROW
    • 11.5.1 COVID-19 IMPACT ON QUANTUM COMPUTING MARKET IN ROW
    • FIGURE 37 SNAPSHOT: QUANTUM COMPUTING MARKET IN ROW
    • TABLE 101 PRE-COVID-19: QUANTUM COMPUTING MARKET IN ROW, BY REGION, 2017-2019 (USD MILLION)
    • TABLE 102 POST-COVID-19: QUANTUM COMPUTING MARKET IN ROW, BY REGION, 2020-2026 (USD MILLION)
    • TABLE 103 PRE-COVID-19: QUANTUM COMPUTING MARKET IN ROW, BY APPLICATION, 2017-2019 (USD MILLION)
    • TABLE 104 POST-COVID-19: QUANTUM COMPUTING MARKET IN ROW, BY APPLICATION, 2020-2026 (USD MILLION)
    • TABLE 105 PRE-COVID-19: QUANTUM COMPUTING MARKET IN ROW, BY END-USE INDUSTRY, 2017-2019 (USD MILLION)
    • TABLE 106 POST-COVID-19: QUANTUM COMPUTING MARKET IN ROW, BY END-USE INDUSTRY, 2020-2026 (USD MILLION)
    • 11.5.2 SOUTH AMERICA
      • 11.5.2.1 Establishment of Brazil Quantum as first quantum community in Brazil to solve problems regarding quantum computing
    • 11.5.3 MIDDLE EAST AND AFRICA
      • 11.5.3.1 Quantum computing market in Middle East and Africa to witness significant growth from 2021 to 2026

12 COMPETITIVE LANDSCAPE

  • 12.1 INTRODUCTION
    • FIGURE 38 COMPANIES ADOPTED PRODUCT LAUNCHES/DEVELOPMENTS, PARTNERSHIPS, AND COLLABORATIONS AS KEY GROWTH STRATEGIES FROM 2018 TO 2020
  • 12.2 REVENUE ANALYSIS OF TOP PLAYERS
    • FIGURE 39 TOP PLAYERS IN QUANTUM COMPUTING MARKET, 2015-2019
  • 12.3 MARKET SHARE ANALYSIS, 2019
    • FIGURE 40 SHARE OF KEY PLAYERS IN QUANTUM COMPUTING MARKET, 2019
    • TABLE 107 QUANTUM COMPUTING MARKET: DEGREE OF COMPETITION
  • 12.4 RANKING ANALYSIS OF KEY PLAYERS IN QUANTUM COMPUTING MARKET
    • FIGURE 41 QUANTUM COMPUTING MARKET RANKING, 2019
  • 12.5 COMPANY EVALUATION QUADRANT
    • 12.5.1 QUANTUM COMPUTING MARKET
      • 12.5.1.1 Star
      • 12.5.1.2 Emerging leader
      • 12.5.1.3 Pervasive
      • 12.5.1.4 Participant
    • FIGURE 42 QUANTUM COMPUTING MARKET: COMPANY EVALUATION QUADRANT, 2019
    • 12.5.2 STARTUP/SME EVALUATION MATRIX
      • 12.5.2.1 Progressive company
      • 12.5.2.2 Responsive company
      • 12.5.2.3 Dynamic company
      • 12.5.2.4 Starting block
    • FIGURE 43 QUANTUM COMPUTING MARKET: STARTUP/SME EVALUATION MATRIX, 2019
  • 12.6 COMPETITIVE SCENARIO
    • FIGURE 44 MARKET EVALUATION FRAMEWORK: PRODUCT LAUNCHES/DEVELOPMENTS, PARTNERSHIPS, AND COLLABORATIONS HAVE BEEN KEY GROWTH STRATEGIES ADOPTED BY MARKET PLAYERS FROM 2018 TO 2020
  • 12.7 COMPETITIVE SITUATIONS AND TRENDS
    • TABLE 108 QUANTUM COMPUTING MARKET: PRODUCT LAUNCHES, 2018-2020
    • TABLE 109 QUANTUM COMPUTING MARKET: DEALS, 2018-2020
    • TABLE 110 QUANTUM COMPUTING MARKET: EXPANSIONS, 2018-2020
    • 12.7.1 OTHER STRATEGIES
    • TABLE 111 OTHER STRATEGIES, 2018-2020

13 COMPANY PROFILES

  • (Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)**
  • 13.1 KEY PLAYERS
    • 13.1.1 INTERNATIONAL BUSINESS MACHINES (IBM)
    • FIGURE 45 IBM: COMPANY SNAPSHOT
    • 13.1.2 D-WAVE SYSTEMS
    • 13.1.3 MICROSOFT
    • FIGURE 46 MICROSOFT: COMPANY SNAPSHOT
    • 13.1.4 AMAZON
    • FIGURE 47 AMAZON: COMPANY SNAPSHOT
    • 13.1.5 RIGETTI COMPUTING
    • 13.1.6 GOOGLE
    • FIGURE 48 GOOGLE: COMPANY SNAPSHOT
    • 13.1.7 INTEL
    • FIGURE 49 INTEL: COMPANY SNAPSHOT
    • 13.1.8 TOSHIBA
    • FIGURE 50 TOSHIBA: COMPANY SNAPSHOT
    • 13.1.9 HONEYWELL INTERNATIONAL
    • FIGURE 51 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
    • 13.1.10 QC WARE
    • 13.1.11 1QB INFORMATION TECHNOLOGIES
    • 13.1.12 CAMBRIDGE QUANTUM COMPUTING
  • 13.2 OTHER COMPANIES
    • 13.2.1 HUAWEI TECHNOLOGIES
    • 13.2.2 BOSCH
    • 13.2.3 NEC
    • 13.2.4 HEWLETT PACKARD ENTERPRISE (HP)
    • 13.2.5 NIPPON TELEGRAPH AND TELEPHONE CORPORATION (NTT)
    • 13.2.6 HITACHI
    • 13.2.7 NORTHROP GRUMMAN
    • 13.2.8 ACCENTURE
    • 13.2.9 FUJITSU
    • 13.2.10 QUANTICA COMPUTACAO
    • 13.2.11 ZAPATA COMPUTING
    • 13.2.12 XANADU
    • 13.2.13 IONQ
    • 13.2.14 RIVERLANE
    • 13.2.15 QUANTUM CIRCUITS
    • 13.2.16 EVOLUTIONQ
    • 13.2.17 ABDPROF
    • 13.2.18 ANYON SYSTEMS
  • *Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

14 APPENDIX

  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 14.3 AVAILABLE CUSTOMIZATIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS
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