Global Quantum Computing Market 2023-2027

Global Quantum Computing Market 2023-2027

Technavio has been monitoring the quantum computing market and is forecast to grow by $9,013.68 mn during 2022-2027, accelerating at a CAGR of 18.84% during the forecast period. Our report on the quantum computing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing expenditure by stakeholders, growing use of quantum cryptography, and advent of exascale supercomputers.

Technavio's quantum computing market is segmented as below:

By Deployment

• Cloud
• On-premise

By End-user

• Aerospace and defense
• Government
• IT and telecom
• Others

By Geography

• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the growth of AI and machine learning as one of the prime reasons driving the quantum computing market growth during the next few years. Also, the development of quantum networks and increasing use of quantum photonics will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the quantum computing market covers the following areas:

• Quantum computing market sizing
• Quantum computing market forecast
• Quantum computing market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading quantum computing market vendors that include 1QB Information Technologies Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Anyon Systems Inc., Atos SE, D-Wave Quantum Inc., Honeywell International Inc., ID Quantique SA, International Business Machines Corp., IonQ Inc., Microsoft Corp., QC Ware, QRA Corp., Quantica Computacao, Quantinuum Ltd., Quantum Circuits Inc., Qubitekk Inc., Rigetti and Co. LLC, and Intel Corp. Also, the quantum computing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.