DUBLIN--(BUSINESS WIRE)--The "Quantum Computing Market Research Report: By Offering, Deployment Type, Application, Technology, Industry - Industry Share, Growth, Drivers, Trends and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The quantum computing market valued $507.1 million in 2019, from where it is projected to grow at a CAGR of 56.0% during 2020-2030 (forecast period), to ultimately reach $64,988.3 million by 2030. Machine learning (ML) is expected to progress at the highest CAGR, during the forecast period, among all application categories, owing to the fact that quantum computing is being integrated in ML for improving the latter's use case.
Government support for the development and deployment of the technology is a prominent trend in the quantum computing market, with companies as well as public bodies realizing the importance of a coordinated funding strategy. For instance, the National Quantum Initiative Act, which became a law in December 2018, included a funding of $1.2 billion from the U.S. House of Representatives for the National Quantum Initiative Program. The aim behind the funding was to facilitate the development of technology applications and quantum information science, over a 10-year period, by setting its priorities and goals.
Moreover, efforts are being made to come with standards for the quantum computing technology. Among the numerous standards being developed by the IEEE Standards Association Quantum Computing Working Group are the benchmarks and performance matrix, which would help in analyzing the performance of quantum computers against that of conventional computers. Other noteworthy standards are those related to the nomenclature and definitions, in order to create a common language for quantum computers.
By 2030, Europe and North America are expected to account for more than 78.0% in the quantum computing market, as Canada, the U.S., the U.K., Germany, and Russia are witnessing heavy investments in the field. For instance, the National Security Agency (NSA), National Aeronautics and Space Administration (NASA), and Los Alamos National Laboratory are engaged in quantum computing technology development. Additionally, an increasing number of collaborations and partnerships are being witnessed in these regions, along with the entry of several startups.
Key Topics Covered:
1. Research Background
2. Research Methodology
3. Executive Summary
4.1 Definition of Market Segments
4.1.1 By Offering
188.8.131.52.1 Consulting services
184.108.40.206.2 Training & education
220.127.116.11.3 Support & maintenance
4.1.2 By Deployment Type
4.1.3 By Application
18.104.22.168 Simulation and data problems
22.214.171.124 Machine learning
4.1.4 By Technology
126.96.36.199 Quantum dots
188.8.131.52 Trapped ions
184.108.40.206 Quantum annealing
4.1.5 By Industry
220.127.116.11 Aerospace & defense
18.104.22.168 IT & telecom
22.214.171.124 Energy & utilities
4.2 Value Chain Analysis
4.2.1 Case 1
4.2.2 Case 2
4.3 Market Dynamics
126.96.36.199 Improved legislation to support research and education efforts
188.8.131.52 Simulation work is gaining traction
184.108.40.206 Gradual acceptance of quantum computing in several areas
220.127.116.11 Increasing funding by government and private firms
18.104.22.168 Impact analysis of drivers on market forecast
22.214.171.124 Dearth of highly trained quantum physicists
126.96.36.199 Physical challenges to implement quantum technology
188.8.131.52 Impact analysis of restraints on market forecast
184.108.40.206 Future potential of quantum computing across major industry verticals
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Intensity of Rivalry
4.4.4 Threat of New Entrants
4.4.5 Threat of Substitutes
5. Global Market Size and Forecast
5.1 By Offering
5.1.1 Service, by Type
5.2 By Deployment Type
5.3 By Application
5.4 By Technology
5.5 By Industry
5.6 By Region
6. North America Market Size and Forecast
7. Europe Market Size and Forecast
8. APAC Market Size and Forecast
9. RoW Market Size and Forecast
10. Competitive Landscape
10.1 Competitive Analysis of Key Players
10.1.1 Venturing Private Companies
10.1.2 Increasing Number of Investors
10.1.3 Patent War
10.2 Ranking of Key Global Players
10.3 Timeline of Quantum Computing Development
10.4 Strategic Developments of Key Players
10.4.3 Product Launches
11. Company Profiles
11.1 International Business Machines (IBM) Corporation
11.2 Telstra Corporation Limited
11.3 IonQ Inc.
11.4 Silicon Quantum Computing
11.5 Huawei Investment & Holding Co. Ltd.
11.6 Alphabet Inc.
11.7 Rigetti & Co Inc.
11.8 Microsoft Corporation
11.9 D-Wave Systems Inc.
11.10 Zapata Computing Inc.
11.11 Intel Corporation
Chapter 12. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/ru60hc