Quantum Computing Comprehensive Study by Application (Simulation, Optimization, Sampling), Industry Vertical (Aerospace & Defense, Healthcare & pharmaceuticals, Chemicals, BFSI, Energy & power, IT and Telecommunication, Transportation, Government, Others), Offerings (Hardware, Software, Services) Players and Region - Global Market Outlook to 2024
Edison , NJ -- (SBWIRE) -- 02/13/2019 -- Quantum computing, the area of study that focused on developing computer technology based on the principles of quantum theory has explains the nature and behavior of energy & matter on the quantum (atomic and subatomic) level. A Quantum computer uses the laws of quantum physics through which it can gain huge power, have the ability to be in multiple states & perform tasks with use of all possible permutations instantaneously. Quantum computations use quantum bits (qubits), that can be in multiple states at the same time, quite different from digital computing's requirement that data be either in one state or another (0 or 1, for instance). Running a huge number of calculations in parallel opens a future where complex problems can be solved in less time on a quantum computer compared with a traditional digital device.
Though quantum computing has great potential, the field is in its beginning. And it will take numerous generations of qubit increases for quantum computers to begin resolving the world's challenges. Increasing demand for quantum computing from many end use industries including defense, healthcare & pharmaceuticals, chemicals, banking & finance, energy & power for applications such as simulation, optimization, as well as sampling is likely to boost growth of the global quantum computing market.
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Major Key Players in This Report Include,
International Business Machines Corporation (United States) , Google LLC (United States) , Intel Corporation (United States) , Microsoft Corporation (United States) , D-Wave Systems Inc. (Canada) , 1QB Information Technologies Inc. (Canada) , QxBranch, Inc. (United States) , MagiQ Technologies, Inc. (United States) , Rigetti Computing (United States) and QC Ware Corp. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are evolutionQ Inc. (Canada), Cambridge Quantum Computing Limited (United Kingdom), Tokyo Quantum Computing (Japan) , Qubitekk (United States) and Quantum Circuits, Inc. (United States).
The quantum computing market in the energy & power industry is expected to witness a CAGR of 39.11% from 2017 to 2023. This growth is mainly attributed to the lucrative opportunities present in the nuclear and renewable sector. Applications such as energy exploration, seismic survey optimization, and reservoir optimization are expected to lead this industry in the quantum computing market.
The market study is being classified, by Application (Simulation , Optimization and Sampling) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico) .
The Global Quantum Computing Market in terms of investment potential in various segments of the market and illustrate the feasibility of explaining the feasibility of a new project to be successful in the near future. The core segmentation of the global market is based on product types, SMEs and large corporations. The report also collects data for each major player in the market based on current company profiles, gross margins, sales prices, sales revenue, sales volume, photos, product specifications and up-to-date contact information.
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Table of Content
1. Market Overview
1.2. Scope/Objective of the Study
1.2.1. Research Objective
2. Executive Summary
3. Market Dynamics
3.2. Market Drivers
3.2.1. Increasing Incidences of Cybercrime
3.2.2. Growing Adoption of Quantum Computing in the Defense & Automotive Industry
3.2.3. Growing Investment by Government Bodies in the Market
3.2.4. Technological advancements in Quantum Computing
3.3. Market Challenges
3.3.1. Requirement for Highly Skilled Workforce
4. Market Factor Analysis
4.1. Porters Five Forces
4.2. Supply/Value Chain
4.3. PESTEL analysis
4.4. Market Entropy
4.5. Patent/Trademark Analysis
5. Global Quantum Computing, by Application, Industry Vertical, Offerings and Region (value) (2013-2018)
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