According to a market report by Lucintel, the future of the global quantum computing market looks promising with opportunities in the optimization, simulation, and machine learning applications. The global quantum computing market is expected to reach an estimated $5 billion by 2031 from $1 billion in 2024 at a CAGR of 22% from 2024 to 2031. The major drivers for this market are growing need for high-performance computing and rising demand for quantum computing solutions from various industries.
A more
than 150-page report to understand trends, opportunity and forecast in global quantum
computing market to 2031 by deployment (on-premises and cloud), technology
(trapped ions, quantum annealing, superconducting qubits, and other
technologies), application (optimization, simulation, machine learning, and
other applications), end use (space & defense, transportation &
logistics, healthcare & pharmaceuticals, chemicals, banking & finance,
energy & power, academia, government, and other end uses), and region.
Lucintel
forecasts that, within the deployment category, cloud is expected to witness
the higher growth over the forecast period due to its growing usage among users
given to its flexibility and powerful systems.
Within the
application category, optimization will remain the largest segment due to
growing use of quantum algorithms to optimize problems and solve in a faster
and more efficient manner.
Download
sample by clicking on quantum computing
market.
In terms
of regions, North America will remain the largest region over the forecast
period due to widespread applications quantum computing among various sectors,
such as defence, medical care, pharmaceutical, and energy & power in the
region.
IBM,
D-Wave Quantum, Microsoft, Amazon Web Services, Rigetti Computing, Fujitsu,
Hitachi, Intel Corporation, IonQ are the major suppliers in the quantum computing market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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