Quantum Computing Market Size, Share, Trend, Growth, and Forecast Report 2030

The global quantum computing market is expected to grow at a compound annual growth rate (CAGR) of approximately 31.21% between 2022 and 2030, with a value of approximately USD 457.9 million in 2021.

Over the forecast period, the report examines the global quantum computing market drivers, restraints/challenges, and opportunities. In addition, the report delves into regional and competitive insights, as well as highlighting some recent global market developments.

Quantum Computing Market: Overview

Quantum computing is a computing technology based on quantum mechanics concepts such as entanglement, interference, and superposition. The study of quantum mechanics is a branch of physics. It is a fundamental theory that describes the natural physical properties that surround living organisms on a scale ranging from subatomic particles to atoms. Quantum computers are devices and technologies that compute quantum calculations or provide digital solutions to them.

Although current computers may not always outperform classical computers in practical applications, the scientific community is optimistic that larger systems will be able to solve exceptionally difficult concepts in quantum mechanics such as integer factorization. Quantum computing is one step ahead of supercomputing because supercomputers cannot solve certain problems. Quantum computers are quickly gaining traction in the global science scene, particularly at large research facilities that are investing in discovering more answers about the universe.

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Quantum Computing Market: Segmentation

The global quantum computing market is segmented into four categories: technology, industry, deployment type, application, and region.

Based on technology, the global market is divided into trapped ions, quantum dots, and quantum annealing.

During the forecast period, the most dominant segment is expected to be quantum annealing (QA).

QA is used to solve combinatorial optimization problems. It calculated the energy state using quantum mechanics laws.

Quantum computers must operate at temperatures as low as -191.1°C.

The global market is divided into six industries: aerospace and defence, business and financial services, healthcare, manufacturing, and energy and utilities.

The global Banking, Financial Services, and Insurance (BFSI) market is expected to generate more than USD 145.39 billion by 2021.

By analysing the current financial market, quantum computing can assist the segment in making predictions about economic changes and phenomena, making the technology extremely beneficial to market participants.

The global market is divided into four applications: machine learning, optimization, sampling, and simulation & data problems.

Because the primary goal of any business is to optimise the results, the optimization segment currently dominates the global market, accounting for more than 61% of the segmental share.

Companies and businesses rely on the precision of all current and forecast data, which quantum computing can provide.

Quantum Computing Market: Regional Analysis

North America will continue to drive global market expansion.

North America is expected to dominate the global quantum computing market during the forecast period, with the United States serving as the majority shareholder. The availability of the infrastructure required to promote and encourage quantum computing systems is expected to drive regional growth.

The region is already far ahead of any other nation on the planet in terms of technological developments related to quantum mechanics. A supportive ecosystem, including the numerous partners required to develop such advanced technology, as well as government support, are expected to help North America generate more revenue. The National Quantum Initiative Act, which promotes quantum technology, is overseen by the US government.

Quantum Computing Market: Competitive Analysis

The global quantum computing market is led by players like

Huawei Technologies Co. Ltd.
Rigetti & Co Inc
D-Wave Systems Inc.
IBM Corporation
Microsoft Corporation
Telstra Corporation Limited
Zapata Computing Inc.
IonQ Inc.
Silicon Quantum Computing.

The global quantum computing market is segmented as follows:

By Technology

Trapped Ions
Quantum Dots
Quantum Annealing
By Offering

By Industry

Aerospace & Defense
Energy & Utilities
By Deployment Type

By Application

Machine Learning
Simulation &  Data Problems
By Region

North America
The U.S.
The UK
Rest of Europe
Asia Pacific
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Rest of Latin America
Middle East & Africa
South Africa
Rest of Middle East & Africa

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