NEW YORK, Dec. 3, 2023 /PRNewswire/ — According to Technavio, Global quantum computing market It is estimated to grow in size 9.01 billion US dollars From 2022 to 2027. The market is expected to grow at a CAGR of 18.84% During the forecast period. Moreover, growth momentum will accelerate. Based on geography, the global quantum computing market is segmented into North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global quantum computing market. north america It is estimated to account for 38% of the global market growth during the forecast period. The growth of this segment is primarily due to factors such as the presence of many customers residing in the United States. US-based companies have access to quantum computers upon immediate release. They also enjoy high economies of scale and have the financial and resources to adopt these technologies. These factors will drive the market growth in the region during the forecast period. The report includes historical market data from 2017 to 2021. In 2017, the quantum computing market was valued at 3,001.05 million US dollars. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, latest trends, and post-pandemic global market recovery. For more market insights, request a sample report.

Quantum Computing Market – The Five Forces

Global quantum computing market FragmentedThe five forces analysis covers –

• Bargaining power of buyers
• Threat of new arrivals
• Threat of competition
• Bargaining power of suppliers
• Threat of alternatives
• For an explanation of Porter’s Five Forces Model – purchase the report!

Quantum Computing Market – Customer Landscape

The report includes the life cycle of market adoption, from the innovator stage to the laggard stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchasing criteria and price sensitivity drivers to help companies evaluate and develop their growth strategies.

Quantum Computing Market – Segmentation Evaluation

Sector overview

Technavio has segmented the market based on deployment (cloud and on-premises) and end user (aerospace and defense, government, ICT, etc.).

• the clouds The sector will account for a significant share of the market growth during the forecast period. Companies can access quantum computing systems through a cloud network, reducing the need for hardware and software. The growth of this sector is attributed to factors such as low cost of entry. Buyers don’t have to invest in hardware. Moreover, the speed of setup and implementation is high. These factors will fuel the growth of this sector during the forecast period.

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Quantum computing market – Market dynamics

The main factor driving the market growth

• the The increasing use of quantum cryptography Driving market growth.
• Using quantum cryptography, important data can be transmitted with a high level of security.
• Quantum computers have high processing speeds and efficiently process massive amounts of encrypted data.
• Governments of many countries have invested large sums of money in developing highly secure quantum computers.
• These factors will fuel the market growth during the forecast period.

Leading trends impacting the market

• the The growth of artificial intelligence and machine learning It is the main trend in the market.
• Artificial intelligence and machine learning are expected to be some of the biggest applications for quantum computers.
• Quantum computing processor chips will be used in artificial intelligence applications to compute data at high speeds efficiently.
• The use of artificial intelligence will help solve problems related to optimization and sampling.
• These factors will support the market growth during the forecast period.

Key challenges hindering market growth

• the Short life cycle of supercomputers It represents a challenge for market growth.
• The lifespan of a supercomputer is shorter than that of ordinary electronic products.
• Moreover, the cost of a supercomputer is very high, including maintenance and power consumption.
• Therefore, companies can opt for a new system with the latest hardware and other upgraded components instead of a supercomputer.
• These factors may hinder the adoption of such systems.

Drivers, trends and challenges influence market dynamics, which may impact companies. Find more ideas in the sample report!

What key data is covered in the Quantum Computing Market report?

• Compound annual growth rate of the market during the forecast period
• Detailed information on the factors that will drive the growth of the Quantum Computing market between 2023 and 2027
• Accurate estimation of the quantum computing market size and its contribution to the parent market
• Accurate forecasts about upcoming trends and changes in consumer behavior
• Quantum computing market growth across North America, Asia Pacific, Europe, South America, Middle East and Africa
• Comprehensive analysis of the market competitive landscape and detailed information about vendors
• Comprehensive analysis of the factors that will challenge the growth of Quantum Computing market vendors

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Related reports:

the Edge computing market It is estimated to grow at a CAGR of 24.74% between 2022 and 2027. The market size is expected to increase by US$9,928.42 million.

the Mobile edge computing market The volume is expected to grow by US$1.60 billion from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 30.21%.

table of contents

1. Executive summary
2. Market view
3. Market sizing
4. Historical market size
5. Five forces analysis
6. Market segmentation by publishing
7. Market segmentation by end user
8. Customer scene
9. Geographic landscape
10. Motivations, challenges and trends
11. Company landscape
12. Company analysis
13. excess

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Source: Technavio