Market Synopsis
Enterprise quantum computing is likely to gain much popularity in the years to come due to the rapid advancements in technology and their quick adoption. Quantum computing facilitates the organizations in attaining a much higher computational power. This not only enhances the operational efficiency but also ensures optimum utilization of resources. These factors are anticipated to contribute to the augmentation of the global enterprise quantum computing market in the near future. According to the findings published in this assessment by Market Research Future MRFR, the market is poised to mark 34% CAGR over the evaluation period 2018 to 2023.
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Quantum computing for enterprises market is supposed to capitalize on the robust research & development projects. These projects are expected to attract huge investments and also likely to be supported by the governments. This ensures that the market will experience a lucrative future ahead. Technological developments are projected to drive the enterprise quantum computing market on growth trajectory in the foreseeable future. By now, the market has observed tremendous innovations that has helped in gaining weight. With more resources pooling in to explore the potential of the technology, the enterprise quantum computing market is anticipated to scale new heights at a rapid growth pace over the next couple of years.
Enterprise quantum computing market is leveraging the adoption of the technology in different industries such as BFSI, defense, etc. The rising expansion pace of these verticals is also presumed to boost the growth of the market in the coming years. In addition, rising cases of cyberattacks is also a major reason for the adoption of the technology. Researchers are utilizing encryption for enhancing the performance of quantum computing. It is prognosticated to support the proliferation of the market in the upcoming years. Also, the development of technologies such as big data analytics, artificial intelligence, etc. are presumed to play a key role in the development of the quantum computing market. However, the implementation of the technology is quite expensive and complex. This might be challenging the market players in the forthcoming years.
Competitive Dashboard
QRA Corp, D-Wave Systems Inc, Intel Corporation, Cambridge Quantum, QC Ware Corp., Computing Ltd, Rigetti & Co, Inc., IBM Corporation, QxBranch, Inc., Google LLC, Microsoft Corporation, Cisco Systems, Quantum Circuits, Inc., and Atos SE are few of the key players of the global enterprise quantum computing market.
Market Segmentation
By component, the Enterprise Quantum Computing Market has been segmented into software, hardware, and services.
By deployment, the enterprise quantum computing market has been segmented into on-cloud, on-premise, and hybrid.
By technique, the enterprise quantum computing market has been segmented into superconducting, simulation, and quantum annealing among others
By application, the enterprise quantum computing market has been segmented into advanced cryptography, automation, pattern recognition, data analytics, medical research, and optimization among others
By end-user, the enterprise quantum computing market has been segmented into aerospace & defense, BFSI, medical, chemical, automotive, IT and telecommunication, transportation, energy and power, and others.
Regional Analysis
This report by MRFR covers a detailed regional segmentation of the global enterprise quantum computing market. The regional segments profiled are also studied on a country-level basis. These major regional segments of the market are – Asia Pacific, North America, Europe, and the Rest of the World (RoW). North America holds the largest fraction of the enterprise quantum computing market share at present. The region is led by the U.S. presence of tech giants such as Google and Amazon in the region is likely to have a major positive impact on the expansion of the market for enterprise quantum computing. Europe holds the second position and is expected to be witnessing a rise in research & development activities. It is supposed to drive the growth of the regional segment in the nearby future.
LIST OF TABLES
Table 1 Enterprise Quantum Computing Market, By Region, 2018–2023
Table 2 North America: Enterprise Quantum Computing Market, By Country, 2018–2023
Table 3 Europe: Enterprise Quantum Computing Market, By Country, 2018–2023
Table 4 Asia-Pacific: Enterprise Quantum Computing Market, By Country, 2018–2023
Table 5 Rest Of The World: Enterprise Quantum Computing Market, By Region, 2018–2023
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LIST OF FIGURES
FIGURE 1 The Global Enterprise Quantum Computing Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of The Global Enterprise Quantum Computing Market
FIGURE 4 Value Chain/Supply Chain Of The Global Enterprise Quantum Computing Market
FIGURE 5 Share Of The Global Enterprise Quantum Computing Market In 2017, By Country (In %)
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