DUBLIN--(BUSINESS WIRE)--The "Quantum Computing Market by Revenue Source, Application (Simulation, Optimization, and Sampling), Industry (Defense, Banking & Finance, Energy & Power, Chemicals, and Healthcare & Pharmaceuticals), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The quantum computing market is expected to be valued at USD 495.3 Million by 2023, at a CAGR of 29.04% between 2017 and 2023.
The major factors driving the growth of this market include rising incidences of cybercrimes, early adoption of quantum computing in the defense and automotive industry, and increasing investment by government entities in the market. To secure mobile transactions, quantum key distribution systems are being adopted.
This report segments the quantum computing market on the basis of revenue source, application, industry, and geography. The sampling application of quantum computing accounted for the largest share in 2016. This growth is mainly attributed to the growing demand for the sampling application in the banking & finance, defense, healthcare & pharmaceuticals, and chemicals industries.
On the basis of industry, the quantum computing market is segmented into defense, healthcare & pharmaceuticals, chemicals, banking & finance, and energy & power. The quantum computing market for energy & power is expected to witness a significant growth during the forecast period. The significant growth of this industry can be attributed to the highly attractive outlook for nuclear and renewable sectors. Applications from energy & power industry such as energy exploration, seismic survey optimization, and reservoir optimization would drive the growth of the market in the energy & power industry.
The key players in this market are D Wave Systems Inc. (Canada), 1QB Information Technologies Inc. (Canada), QC Ware Corp. (US), Google Inc. (US), and QxBranch LLC (US).
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Quantum Computing Market, by Component
7 Quantum Computing Market, by Application
8 Quantum Computing Market, by End-User Industry
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- D-Wave Systems Inc.
- QxBranch, LLC
- International Business Machines Corporation (IBM)
- Cambridge Quantum Computing Ltd
- 1QB Information Technologies Inc.
- QC Ware Corp.
- Magiq Technologies Inc.
- Station Q - Microsoft Corporation
- Rigetti Computing
- Google Inc.
- Hewlett Packard Enterprise (HP)
- Nippon Telegraph And Telephone Corporation (NTT)
- Hitachi Ltd
- Intel Corporation
- Northrop Grumman Corporation
- Toshiba Corporation
- Quantum Circuits, Inc
- Evolutionq Inc
- University Landscape
For more information about this report visit https://www.researchandmarkets.com/research/xbmdrx/global_quantum?w=4