Global Quantum Computing Market Research Report - Industry Share, Growth, Drivers, Trends and Demand Forecast to 2030 - ResearchAndMarkets.com

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. Introduction

4.1 Definition of Market Segments

4.1.1 By Offering

4.1.1.1 Hardware

4.1.1.2 Software

4.1.1.3 Service

4.1.1.3.1 Consulting services

4.1.1.3.2 Training & education

4.1.1.3.3 Support & maintenance

4.1.2 By Deployment Type

4.1.2.1 On-premises

4.1.2.2 Cloud-based

4.1.3 By Application

4.1.3.1 Optimization

4.1.3.2 Simulation and data problems

4.1.3.3 Sampling

4.1.3.4 Machine learning

4.1.4 By Technology

4.1.4.1 Quantum dots

4.1.4.2 Trapped ions

4.1.4.3 Quantum annealing

4.1.4.4 Others

4.1.5 By Industry

4.1.5.1 BFSI

4.1.5.2 Aerospace & defense

4.1.5.3 Manufacturing

4.1.5.4 Healthcare

4.1.5.5 IT & telecom

4.1.5.6 Energy & utilities

4.1.5.7 Others

4.2 Value Chain Analysis

4.2.1 Case 1

4.2.2 Case 2

4.3 Market Dynamics

4.3.1 Trends

4.3.1.1 Improved legislation to support research and education efforts

4.3.1.2 Simulation work is gaining traction

4.3.1.3 Gradual acceptance of quantum computing in several areas

4.3.2 Drivers

4.3.2.1 Increasing funding by government and private firms

4.3.2.2 Impact analysis of drivers on market forecast

4.3.3 Restraints

4.3.3.1 Dearth of highly trained quantum physicists

4.3.3.2 Physical challenges to implement quantum technology

4.3.3.3 Impact analysis of restraints on market forecast

4.3.4 Opportunities

4.3.4.1 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

10.4.1 Partnerships

10.4.2 Investments

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