The study’s estimation of the quantum computing market’s size comprised four main tasks. In-depth secondary research has been conducted to gather data on the parent, peer, and market markets. The next stage has been to use primary research to validate these findings, assumptions, and sizing with industry experts throughout the value chain. There have been top-down and bottom-up methods used to estimate the size of the worldwide market. Following that, the market sizes of segments and subsegments have been estimated using data triangulation and market breakdown.
Several secondary sources were consulted during the secondary research process in order to locate and gather data crucial to this investigation. Corporate filings (such as investor presentations, annual reports, and financial statements), trade exhibitions, professional associations, white papers, journals pertaining to processes and communication, websites, and certified publications are examples of secondary sources. They also consist of directories, databases, gold- and silver-standard webpages, and essays written by well-known authors. The primary purposes of the secondary research were to gather important data regarding the industry’s supply chain, the entire group of important players, market classification and segmentation based on industry trends down to the lowest level, and significant advancements from the viewpoints of both the market and technology. The total market size was determined by gathering and analyzing secondary data, and it was further confirmed by primary research.
To gather qualitative data for this paper, a range of primary sources from the supply and demand sides were questioned during the primary research phase. Industry specialists including CEOs, vice presidents, marketing directors, directors of technology and innovation, and similar senior executives from the major firms and organizations active in the quantum computing market are the main sources from the supply side.
Following the completion of market engineering (which involves data triangulation, market size estimations, market breakdown, market statistics, and market forecasting), a significant amount of primary research was carried out to acquire data and confirm and validate the crucial figures determined during this process. The competitive landscape, segmentation types, industry trends, major players, and important market dynamics—such as opportunities, challenges, drivers, and restraints—as well as the major tactics used by the market’s competitors in quantum computing were all determined through primary research.
The segmentation coverage of the study is provided below.
Quantum Computing Market based on Offering:
Quantum Computing Market based on Deployment:
Quantum Computing Market based on Application:
- Optimization
- Simulation
- Machine Learning
- Others
Quantum Computing Market based on End use:
- Aerospace & Defense
- BFSI
- Healthcare
- Automotive
- Energy & Power
- Chemical
- Government
- Others
Quantum Computing Market based on Geography:
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
During the projected period, the enterprise quantum computing market opportunity is highlighted by the top affecting variables. The market is anticipated to grow as a result of factors like rising investments in quantum computing technology, rising demand for high performance computing, and rising demand from the financial and medical research sectors. The market for enterprise quantum computing is also anticipated to develop as a result of the growing requirement for secure computing platforms and the growing application of simulation and modeling in quantum computing. Nonetheless, over the projected period, the market’s expansion is anticipated to be hampered by quantum computing’s operational difficulties as well as stability and error correction problems.
The market is growing due to the increasing advent of quantum technology and the continued potential developments noted by major industries. For example, this technology is being researched and developed by government agencies, Lockheed Martin, NASA, and the Goldman Sachs Group. The main drivers of the market expansion are also the increased investments made in startups using this technology by government agencies and powerful corporations in the industry. For example, to offer the greatest quantum computing service globally, Google LLC teamed with NASA and Oak Ridge National Laboratory in October 2019. Major companies are also significantly investing in quantum computing startups, such as R&D-focused D-Wave systems. Furthermore, these businesses are making use of D-Wave’s quantum computing infrastructure.
Additionally, Sandia National Laboratories is receiving $42 million from the U.S. Department of Energy’s Office of Science for its Advanced Scientific Computing Research Program. The initiative will get funding in order to support four significant advancements in quantum computing technology, which are expected to propel industry expansion. Furthermore, China has demonstrated its commitment to this developing technology by creating the $10 million National Laboratory for Quantum Information Sciences in Hefei, which is scheduled to open in 2020. Furthermore, by investing in and giving finances for additional R&D of the technology, industrial giants currently involved in the development of quantum computing technology are also assisting universities, researchers, and startups.
The CEOs of the top firms predict that throughout the course of the forecast period, the enterprise quantum computing industry will expand at a promising rate. The emergence of business-use on-premises quantum computers and technological developments in quantum computing are a couple of the aspects that are anticipated to present profitable growth prospects for the market during the projected period. Moreover, one of the key elements propelling the market expansion is the early deployment of quantum computing in the defense & automotive industries. Additionally, one of the key elements driving the market’s expansion and one that is anticipated to offer significant prospects for growth is the increase in government funding in the sector as well as the growing use of modeling and simulation.
The key players in the global Quantum Computing market include – IBM Corporation (U.S.), D-Wave Systems Inc. (Canada), Microsoft Corporation (U.S.), Intel Corporation (U.S.), Rigetti & Co. Inc. (U.S.), Google LLC (U.S.), QC Ware (U.S.), Quantinuum Ltd. (U.S.), Riverlane (UK), IonQ (U.S.) among others.
- This report illustrates the most vital attributes of the Quantum Computing Market, which are driving and providing opportunities.
- This research gives an in-depth analysis of the Quantum Computing Market growth on the basis of several segments in the market.
- This report presents the predictions of the past and present trends of the Quantum Computing Market.
- This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Quantum Computing Market.
List of Tables
TABLE 1. QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 2. QUANTUM COMPUTING MARKET VALUE FOR SYSTEM, BY GEOGRAPHY , 2021-2030 (USD BILLION)
TABLE 3. QUANTUM COMPUTING MARKET VALUE FOR SERVICES, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 4. QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 5. QUANTUM COMPUTING MARKET VALUE FOR ON-PREMISES , 2021-2030 (USD BILLION)
TABLE 6. QUANTUM COMPUTING MARKET VALUE FOR CLOUD, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 7. QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 8. QUANTUM COMPUTING MARKET VALUE FOR OPTIMIZATION, 2021-2030 (USD BILLION)
TABLE 9. QUANTUM COMPUTING MARKET VALUE FOR SIMULATION, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 10. QUANTUM COMPUTING MARKET VALUE FOR MACHINE LEARNING, 2021-2030 (USD BILLION)
TABLE 11. QUANTUM COMPUTING MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 12. QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 13. QUANTUM COMPUTING MARKET VALUE FOR AEROSPACE & DEFENSE, 2021-2030 (USD BILLION)
TABLE 14. QUANTUM COMPUTING MARKET VALUE FOR BFSI, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 15. QUANTUM COMPUTING MARKET VALUE FOR HEALTHCARE, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 16. QUANTUM COMPUTING MARKET VALUE FOR AUTOMOTIVE, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 17. QUANTUM COMPUTING MARKET VALUE FOR ENERGY & POWER, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 18. QUANTUM COMPUTING MARKET VALUE FOR CHEMICAL, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 19. QUANTUM COMPUTING MARKET VALUE FOR GOVERNMENT, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 20. QUANTUM COMPUTING MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 21. NORTH AMERICA QUANTUM COMPUTING MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 22. NORTH AMERICA QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 23. NORTH AMERICA QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 24. NORTH AMERICA QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 25. NORTH AMERICA QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 26. U.S QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 27. U.S QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 28. U.S QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 29. U.S QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 30. CANADA QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 31. CANADA QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 32. CANADA QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 33. CANADA QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 34. MEXICO QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 35. MEXICO QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 36. MEXICO QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 37. MEXICO QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 38. EUROPE QUANTUM COMPUTING MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 39. EUROPE QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 40. EUROPE QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 41. EUROPE QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 42. EUROPE QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 43. GERMANY QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 44. GERMANY QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 45. GERMANY QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 46. GERMANY QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 47. U.K QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 48. U.K QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 49. U.K QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 50. U.K QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 51. FRANCE QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 52. FRANCE QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 53. FRANCE QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 54. FRANCE QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 55. ITALY QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 56. ITALY QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 57. ITALY QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 58. ITALY QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 59. SPAIN QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 60. SPAIN QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 61. SPAIN QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 62. SPAIN QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 63. ROE QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 64. ROE QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 65. ROE QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 66. ROE QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 67. ASIA PACIFIC QUANTUM COMPUTING MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 68. ASIA PACIFIC QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 69. ASIA PACIFIC QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 70. ASIA QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 71. ASIA PACIFIC QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 72. CHINA QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 73. CHINA QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 74. CHINA QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 75. CHINA QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 76. INDIA QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 77. INDIA QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 78. INDIA QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 79. INDIA QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 80. JAPAN QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 81. JAPAN QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 82. JAPAN QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 83. JAPAN QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 84. REST OF APAC QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 85. REST OF APAC QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 86. REST OF APAC QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 87. REST OF APAC QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 88. LATIN AMERICA QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 89. LATIN AMERICA QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 90. LATIN AMERICA QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 91. LATIN AMERICA QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 92. BRAZIL QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 93. BRAZIL QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 94. BRAZIL QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 95. BRAZIL QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 96. ARGENTINA QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 97. ARGENTINA QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 98. ARGENTINA QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 99. ARGENTINA QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 100. MIDDLE EAST AND AFRICA QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 101. MIDDLE EAST AND AFRICA QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 102. MIDDLE EAST AND AFRICA QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 103. MIDDLE EAST AND AFRICA QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 104. SAUDI ARABIA QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 105. SAUDI ARABIA QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 106. SAUDI ARABIA QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 107. SAUDI ARABIA QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 108. UAE QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 109. UAE QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 110. UAE QUANTUM COMPUTING MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 111. UAE QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 112. REST OF MIDDLE EAST AND AFRICA QUANTUM COMPUTING MARKET VALUE, BY OFFERING, 2021-2030 (USD BILLION)
TABLE 113. REST OF MIDDLE EAST AND AFRICA QUANTUM COMPUTING MARKET VALUE, BY DEPLOYMENT, 2021-2030 (USD BILLION)
TABLE 114. REST OF MIDDLE EAST AND AFRICA QUANTUM COMPUTING MARKET VALUE, BY END USE, 2021-2030 (USD BILLION)
TABLE 115. ACCENTURE : FINANCIALS
TABLE 116. ACCENTURE : PRODUCTS & SERVICES
TABLE 117. ACCENTURE : RECENT DEVELOPMENTS
TABLE 118. CAMBRIDGE QUANTUM COMPUTING: FINANCIALS
TABLE 119. CAMBRIDGE QUANTUM COMPUTING: PRODUCTS & SERVICES
TABLE 120. CAMBRIDGE QUANTUM COMPUTING: RECENT DEVELOPMENTS
TABLE 121. AWS: FINANCIALS
TABLE 122. AWS: PRODUCTS & SERVICES
TABLE 123. AWS: RECENT DEVELOPMENTS
TABLE 124. FUJITSU: FINANCIALS
TABLE 125. FUJITSU: PRODUCTS & SERVICES
TABLE 126. FUJITSU: RECENT DEVELOPMENTS
TABLE 127. GOOGLE: FINANCIALS
TABLE 128. GOOGLE: PRODUCTS & SERVICES
TABLE 129. GOOGLE: RECENT DEVELOPMENTS
TABLE 130. HUAWEI: FINANCIALS
TABLE 131. HUAWEI: PRODUCTS & SERVICES
TABLE 132. HUAWEI: RECENT DEVELOPMENTS
TABLE 133. 1QBIT: FINANCIALS
TABLE 134. 1QBIT: PRODUCTS & SERVICES
TABLE 135. 1QBIT: DEVELOPMENTS
TABLE 136. IBM: FINANCIALS
TABLE 137. IBM: PRODUCTS & SERVICES
TABLE 138. IBM: RECENT DEVELOPMENTS
TABLE 139. MICROSOFT: FINANCIALS
TABLE 140. MICROSOFT: PRODUCTS & SERVICES
TABLE 141. MICROSOFT: RECENT DEVELOPMENTS
TABLE 142. RIGETTI COMPUTING: FINANCIALS
TABLE 143. RIGETTI COMPUTING: PRODUCTS & SERVICES
TABLE 144. RIGETTI COMPUTING: RECENT DEVELOPMENTS
