Quantum Computing Market Overview:
The quantum computing market size is anticipated to grow by US$2.82 billion by 2023 rapidly growing at a CAGR of 34% during the forecast period 2018-2027. The global quantum computing market is driven by the faster adoption of quantum computing tools. These factors have helped shape the quantum computing market and are expected to boost its growth. Companies in the quantum computing market could also face challenges such as a lack of a strong IT infrastructure. The details covered in the quantum computing market report cover all the aspects of the industry. Quantum computing market analysts have also shared growth projections in the report and have suggested quantum computing market players plan growth strategies accordingly.
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Market Segmentation
The global quantum computing market has been segmented based on application, product, and vertical. On the basis of application, the market for quantum computing is segmented based on machine learning, optimization, simulation, and others. Additionally, the market on the basis of products is segmented into hardware, software, and services. The global market for quantum computing is also covered based on the vertical segment which is further split into aerospace & defense, energy & power, BFSI, information technology & telecommunication, healthcare, transportation, and others.
Factors like an impressive investment portfolio for R&D and the presence of tech giants in some countries support the quantum computing market growth. The performance of the quantum computing market has also been studied in the past and current years. Additionally, the quantum computing market report provides an analysis of these segments. The quantum computing market segmental analysis provided in the report offers major details about the quantum computing market performance and future.
Regional Overview
Companies in the quantum computing market are spread across the world. The quantum computing market report provides major information about the regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American quantum computing market has many companies across the United States, Canada, and Mexico. Europe has companies in the quantum computing market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the quantum computing market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The quantum computing market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the quantum computing market can be found in the market research report.
Competitive Landscape
The quantum computing market is supported by escalated investment levels being directed by the governments. The population growth around the world and increasing demand of quantum computing market-based services and products also support the market growth. However, the quantum computing market growth can be affected due to a poor operational environment and lack of well-developed technology infrastructure. The report covers all such details which will help companies in the quantum computing market to strengthen their business plan and improve their product portfolio. The quantum computing market research report also provides company profiles of major companies. The company profile of organizations operating in the quantum computing market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the quantum computing market. New entrants and established players can plan their strategies based on the data provided in the quantum computing market research report.
Industry News
A new Air Force Quantum Computing contract was given to a defense corporation in Dayton area. In the course of the Simulated Quantum Collider 2.0 case, Azimuth Corp. in Beavercreek, one of 15 small firms, won several awards totaling 35 million US dollars in Air Force support earlier this month. During the case, Azimuth was the only organization in Ohio to be honored.
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