Research Nester assesses the growth and size of the global quantum computing market, which is expected to be driven by supportive initiatives by governments in various regions of the world and advanced features brought into computers by quantum computing leaders such as Microsoft and IBM.
Research Nester's recent market research analysis on "Quantum Computing Market: Global Demand Analysis and Opportunity Outlook 2035" provides detailed competitor analysis and in-depth insight into the global quantum computing market in terms of market segmentation by technology, deployment model, end use, offering, application and by region.
Steady progress in the development of Quantum processors and computers to promote the global Quantum Computing Market share
The global quantum computing market is estimated to grow primarily due to the introduction of advanced quantum computers and processors in the market by major companies. Quantum computers help scientists observe and study behavioral patterns of energy and matter at the quantum level. These studies help to understand the molecular structure in a superior and more accurate way, which later proves useful in research and development in many industries such as chemicals and pharmaceuticals. Observations from the study of atoms are often discussed when developing new drugs or new chemicals. This importance of quantum computers encourages the introduction of new quantum computers and processors with advanced features and thus helps in the growth of the market. For example, IBM developed a 53-qubit quantum computer in 2019 for wide application in the commercial sector. Another example is the 72-qubit processor, Bristlecone, which was introduced by the Quantum Artificial Intelligence Laboratory.
Research Nester's recent market research analysis on "Quantum Computing Market: Global Demand Analysis and Opportunity Outlook 2035" provides detailed competitor analysis and in-depth insight into the global quantum computing market in terms of market segmentation by technology, deployment model, end use, offering, application and by region.
Steady progress in the development of Quantum processors and computers to promote the global Quantum Computing Market share
The global quantum computing market is estimated to grow primarily due to the introduction of advanced quantum computers and processors in the market by major companies. Quantum computers help scientists observe and study behavioral patterns of energy and matter at the quantum level. These studies help to understand the molecular structure in a superior and more accurate way, which later proves useful in research and development in many industries such as chemicals and pharmaceuticals. Observations from the study of atoms are often discussed when developing new drugs or new chemicals. This importance of quantum computers encourages the introduction of new quantum computers and processors with advanced features and thus helps in the growth of the market. For example, IBM developed a 53-qubit quantum computer in 2019 for wide application in the commercial sector. Another example is the 72-qubit processor, Bristlecone, which was introduced by the Quantum Artificial Intelligence Laboratory.
Moreover, the market is also expected to grow owing to the huge increase in investment in quantum computing technology. The technology, when applied in industries such as medicine, pharmaceuticals, and finance, presents them with substantial benefits. Computer tasks are of crucial importance in most of these industries. Quantum computing technology can accelerate these tasks while improving their reliability and accuracy. Thus, the importance of quantum computing technology in almost every industry is motivating more and more companies to invest in the same and thus driving the growth of the market.
Some of the major growth factors and challenges associated with the growth of the global quantum computing market are:
Growth Drivers:
* Application of Quantum Technology in New Drug Development
* Advancements in Machine Learning Industry
Challenges:
Lack of proper standardization in the use of quantum computing is the major factor that would hamper the growth of the market over the forecast period. Although quantum computing brings more benefits compared to classical computing, the number of risks it poses are also higher. Standard quantum computing governance minimizes the risks associated with the use of systems and technology. Therefore, standard governance is considered inevitable in the development, testing, and deployment of quantum computing. Such governance would also ensure system reliability and security, critical factors for companies considering
Moreover, another factor that would pose many challenges for the growth of the quantum computing market is the lack of necessary skills among professionals. This lack of skilled and qualified candidates is a threat to companies that have invested in quantum computing, thereby limiting market growth.By deployment model, the global quantum computing market is segmented into on-premises and cloud-based. Between the two sub-segments, cloud deployment model is expected to hold the largest share of market revenue by the end of 2035. By the end of the forecast period, cloud deployment is expected to account for a around 53%. Several factors are expected to contribute to the growing demand for the cloud deployment model. For example, this deployment model makes quantum computing technology more user-friendly and cost-effective. The demand for performance-enhanced computing solutions is increasing. This, along with the growing implementation of cloud servers by enterprises for services and solutions, should also prove beneficial for the cloud deployment model for quantum computing. Additionally, access to advanced technologies and tools and the flexibility that comes with scalable cloud solutions should also create many opportunities for the cloud deployment model. with the increasing implementation of cloud servers by enterprises for services and solutions, should also prove beneficial for the cloud deployment model for quantum computing. Additionally, access to advanced technologies and tools and the flexibility that comes with scalable cloud solutions should also create many opportunities for the cloud deployment model. with the increasing implementation of cloud servers by enterprises for services and solutions, should also prove beneficial for the cloud deployment model for quantum computing. Additionally, access to advanced technologies and tools and the flexibility that comes with scalable cloud solutions should also create many opportunities for the cloud deployment model.
By region, the North America quantum computing market is expected to generate the highest revenue by the end of 2035. The region is expected to hold a market revenue share of around 38% at the end of the forecast period. Industries in the region are looking for computing capabilities that are fast enough to easily solve complex business problems. This search for such computing capabilities is expected to be the main driver of market growth in North America. The pace of quantum computing to solve certain tasks is much faster than traditional computing. This advantage over traditional computing also makes quantum computing a priority for companies based in North America. Moreover, North America is also home to major quantum computing companies, including IBM and Microsoft, which are embarking on the launch of new advanced computers. The regional market would also benefit from favorable government initiatives. This report also provides the existing competitive scenario of some of the major players in the Global Quantum Computing Market including company profiling of T-Systems International GmbH, IBM Corporation, Telstra Corporation Limited , Microsoft Corporation, Silicon Quantum Computing, Rigetti Computing, Inc., Huawei Technology Company. Ltd., D-Wave Systems Inc., Zapata Informatique Inc., IonQ Inc., and others. Moreover, North America is also home to major quantum computing companies, including IBM and Microsoft, which are embarking on the launch of new advanced computers. The regional market would also benefit from favorable government initiatives.This report also provides the existing competitive scenario of some of the major players in the global quantum computing market including company profiling of T-Systems International GmbH, IBM Corporation, Telstra Corporation Limited , Microsoft Corporation, Silicon Quantum Computing, Rigetti Computing, Inc., Huawei Technology Company. Ltd., D-Wave Systems Inc., Zapata Informatique Inc., IonQ Inc., and others. Moreover, North America is also home to major quantum computing companies, including IBM and Microsoft, which are embarking on the launch of new advanced computers. The regional market would also benefit from favorable government initiatives. This report also provides the existing competitive scenario of some of the major players in the Global Quantum Computing Market including company profiling of T-Systems International GmbH, IBM Corporation, Telstra Corporation Limited , Microsoft Corporation, Silicon Quantum Computing, Rigetti Computing, Inc., Huawei Technology Company. Ltd., D-Wave Systems Inc., Zapata Informatique Inc., IonQ Inc., and others. including IBM and Microsoft, which are embarking on the launch of new advanced computers. The regional market would also benefit from favorable government initiatives.This report also provides the existing competitive scenario of some of the major players in the global quantum computing market including company profiling of T-Systems International GmbH, IBM Corporation, Telstra Corporation Limited , Microsoft Corporation, Silicon Quantum Computing, Rigetti Computing, Inc., Huawei Technology Company. Ltd., D-Wave Systems Inc., Zapata Informatique Inc., IonQ Inc., and others. including IBM and Microsoft, which are embarking on the launch of new advanced computers. The regional market would also benefit from favorable government initiatives.This report also provides the existing competitive scenario of some of the major players in the global quantum computing market including company profiling of T-Systems International GmbH, IBM Corporation, Telstra Corporation Limited , Microsoft Corporation, Silicon Quantum Computing, Rigetti Computing, Inc., Huawei Technology Company. Ltd., D-Wave Systems Inc., Zapata Informatique Inc., IonQ Inc., and others. This report also provides the existing competitive scenario of some of the major players in the Global Quantum Computing Market including company profiling of T-Systems International GmbH, IBM Corporation, Telstra Corporation Limited, Microsoft Corporation, Silicon Quantum Computing, Rigetti Computing, Inc., Huawei Technology Company. Ltd., D-Wave Systems Inc., Zapata Informatique Inc., IonQ Inc., and others. This report also provides the existing competitive scenario of some of the major players in the Global Quantum Computing Market including company profiling of T-Systems International GmbH, IBM Corporation, Telstra Corporation Limited, Microsoft Corporation, Silicon Quantum Computing, Rigetti Computing, Inc., Huawei Technology Company. Ltd., D-Wave Systems Inc., Zapata Informatique Inc., IonQ Inc., and others.
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