Enterprise Quantum Computing Market 2022
The principles of quantum phenomena and integration of quantum particles into the quantum devices are the major components that allows quantum computing to function. Unlike classical computers, quantum computing system uses quantum chips, which is made of several quantum bits (qubits) to process the data. Also, the higher the number of qubits used in a single quantum chip, the easier it gets to solve complex problems. Therefore, many major industries focus on RD of quantum chip with less or no error and greater stability. Moreover, some companies are focused on using technologies such as quantum annealing, ion trapping, superconducting, topological photonic, and others for its development. Furthermore, it is being adopted across various industrial sectors, owing to the wide applications which drive the market growth. The quantum computing technology has numerous benefits, which allows its users to build the strategies in different ways. Although being in development phase, some of the industry players have already developed the quantum computers for commercial purposes and they also plan to deploy quantum computing solutions through cloud platforms.
Numerous factors such as rise in investments in quantum computing technology, demand for High performance computing and demand from medical research and financial markets drives the growth the market globally. However, the high operational challenges and issues regarding stability and error correction may hinder the growth of the market globally. Furthermore, increase in use of on premise quantum computing for businesses and growing advancement in quantum computing technology will create lucrative opportunity in the market globally.
The global enterprise quantum computing market is segmented into component, deployment, technology, application, industry vertical, and region. Based on component, the market is classified into hardware, software, and services. As per deployment, the market is bifurcated into on premise, and cloud. In terms of technology, the market is divided into quantum annealing, superconducting, trapped ion, quantum dot, and others. Based on application, the market is categorized into machine learning/deep learning/AI, optimization, simulation data modelling, cyber security, and others. Based on industry verticals, the market is categorized into, healthcare life sciences, IT and telecom, manufacturing, BFSI, energy utilities, aerospace defense, and others. Based on region, market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global enterprise quantum computing market is dominated by key players such as Alibaba Group, D-Wave Systems Inc., Google, Huawei Technologies Co., Ltd., International Business Management Corporation (IBM), ID Quantique, Intel Corporation, Microsoft, Rigetti Co, Inc., and Toshiba Research Europe Ltd.
Enterprise Quantum Computing Market By Component
Enterprise Quantum Computing Market By Deployment Mode
Enterprise Quantum Computing Market By Technology
Enterprise Quantum Computing Market By Application
- machine learning/deep learning/AI
- Simulation data modelling
- Cyber security
Enterprise Quantum Computing Market By Industry Vertical
- healthcare life sciences,
- IT and telecom
- Energy utilities
- Aerospace defense
Enterprise Quantum Computing Market By REGION
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
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