North America Cloud-based Quantum Computing Market Size, Share & Trends Analysis Report By Solution, By Technology (Superconducting Qubits, Trapped Ions, Quantum Annealing, and Others), By Application, By Vertical, By Country and Growth Forecast, 2023 - 2030
The North America Cloud-based Quantum Computing Market would witness market growth of 19.2% CAGR during the forecast period (2023-2030).
The US market dominated the North America Cloud-based Quantum Computing Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $610.2 million by 2030. The Canada market is experiencing a CAGR of 21.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 20.8% during (2023 - 2030).
The technological landscape is undergoing a revolutionary transformation propelled by the promise of quantum computing. The emergence of cloud-based computing plays a leading role in this paradigm transition. Quantum computing is positioned to bring about a paradigm shift in various sectors and address intricate challenges that traditional computers cannot surmount, owing to its exceptional computational capabilities governed by the principles of quantum mechanics. Integrating quantum computing into cloud services heralds a new era, democratizing access to quantum resources and accelerating innovation across diverse sectors.
Additionally, the evolution of quantum computing as a service model, commonly known as Quantum as a Service (QaaS), has been a pivotal enabler for cloud-based computing. QaaS allows users to access quantum resources, experiment with quantum algorithms, and integrate quantum capabilities into their workflows through cloud platforms. Leading cloud service providers, including IBM, Microsoft, Google, and Amazon, have embarked on the QaaS journey, making quantum resources available on a pay-as-you-go basis.
Mexico has become a key player in the automotive industry, attracting major manufacturers and contributing significantly to the production of vehicles and automotive components. Quantum computing can accelerate materials science research in the automotive sector. As per the data from the International Trade Administration, Mexico ranks the seventh-largest producer, with an annual production of 3.5 million passenger vehicles. Out of the total number of vehicles manufactured in Mexico, 88 percent are exported, with 76 percent being allocated to the United States. Hence, North America's rising automotive and BFSI sectors will boost the demand for this market in the region.
Based on Solution, the market is segmented into Software, and Services. Based on Technology, the market is segmented into Superconducting Qubits, Trapped Ions, Quantum Annealing, and Others. Based on Application, the market is segmented into Optimization, Simulation & Modelling, Sampling, and Others. Based on Vertical, the market is segmented into BFSI, Healthcare, Automotive, Energy & Power, Aerospace & Defense, Government, Chemical, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Google LLC (Alphabet Inc.)
- Microsoft Corporation
- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Baidu, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Terra Quantum AG
- SpinQ Technology Co., Ltd.
- QpiCloud Techonologies
- CERN
By Solution
- Software
- Services
- Superconducting Qubits
- Trapped Ions
- Quantum Annealing
- Others
- Optimization
- Simulation & Modelling
- Sampling
- Others
- BFSI
- Healthcare
- Automotive
- Energy & Power
- Aerospace & Defense
- Government
- Chemical
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Cloud-based Quantum Computing Market, by Solution
- 1.4.2 North America Cloud-based Quantum Computing Market, by Technology
- 1.4.3 North America Cloud-based Quantum Computing Market, by Application
- 1.4.4 North America Cloud-based Quantum Computing Market, by Vertical
- 1.4.5 North America Cloud-based Quantum Computing Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Strategies Deployed in Cloud-based Quantum Computing Market
- Chapter 5. North America Cloud-based Quantum Computing Market by Solution
- 5.1 North America Software Market by Region
- 5.2 North America Services Market by Region
- Chapter 6. North America Cloud-based Quantum Computing Market by Technology
- 6.1 North America Superconducting Qubits Market by Country
- 6.2 North America Trapped Ions Market by Country
- 6.3 North America Quantum Annealing Market by Country
- 6.4 North America Others Market by Country
- Chapter 7. North America Cloud-based Quantum Computing Market by Application
- 7.1 North America Optimization Market by Country
- 7.2 North America Simulation & Modelling Market by Country
- 7.3 North America Sampling Market by Country
- 7.4 North America Others Market by Country
- Chapter 8. North America Cloud-based Quantum Computing Market by Vertical
- 8.1 North America BFSI Market by Country
- 8.2 North America Healthcare Market by Country
- 8.3 North America Automotive Market by Country
- 8.4 North America Energy & Power Market by Country
- 8.5 North America Aerospace & Defense Market by Country
- 8.6 North America Government Market by Country
- 8.7 North America Chemical Market by Country
- 8.8 North America Others Market by Country
- Chapter 9. North America Cloud-based Quantum Computing Market by Country
- 9.1 US Cloud-based Quantum Computing Market
- 9.1.1 US Cloud-based Quantum Computing Market by Solution
- 9.1.2 US Cloud-based Quantum Computing Market by Technology
- 9.1.3 US Cloud-based Quantum Computing Market by Application
- 9.1.4 US Cloud-based Quantum Computing Market by Vertical
- 9.2 Canada Cloud-based Quantum Computing Market
- 9.2.1 Canada Cloud-based Quantum Computing Market by Solution
- 9.2.2 Canada Cloud-based Quantum Computing Market by Technology
- 9.2.3 Canada Cloud-based Quantum Computing Market by Application
- 9.2.4 Canada Cloud-based Quantum Computing Market by Vertical
- 9.3 Mexico Cloud-based Quantum Computing Market
- 9.3.1 Mexico Cloud-based Quantum Computing Market by Solution
- 9.3.2 Mexico Cloud-based Quantum Computing Market by Technology
- 9.3.3 Mexico Cloud-based Quantum Computing Market by Application
- 9.3.4 Mexico Cloud-based Quantum Computing Market by Vertical
- 9.4 Rest of North America Cloud-based Quantum Computing Market
- 9.4.1 Rest of North America Cloud-based Quantum Computing Market by Solution
- 9.4.2 Rest of North America Cloud-based Quantum Computing Market by Technology
- 9.4.3 Rest of North America Cloud-based Quantum Computing Market by Application
- 9.4.4 Rest of North America Cloud-based Quantum Computing Market by Vertical
- Chapter 10. Company Profiles
- 10.1 Google LLC (Alphabet Inc.)
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expense
- 10.1.5 SWOT Analysis
- 10.2 Microsoft Corporation
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 Recent strategies and developments:
- 10.2.5.1 Partnerships, Collaborations, and Agreements:
- 10.2.6 SWOT Analysis
- 10.3 IBM Corporation
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Regional & Segmental Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.5.2 Geographical Expansions:
- 10.3.6 SWOT Analysis
- 10.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental Analysis
- 10.4.4 Recent strategies and developments:
- 10.4.4.1 Geographical Expansions:
- 10.4.5 SWOT Analysis
- 10.5 Baidu, Inc.
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental Analysis
- 10.5.4 Research & Development Expenses
- 10.5.5 SWOT Analysis
- 10.6 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expense
- 10.6.5 SWOT Analysis
- 10.7 Terra Quantum AG
- 10.7.1 Company Overview
- 10.7.2 Recent strategies and developments:
- 10.7.2.1 Geographical Expansions:
- 10.7.3 SWOT Analysis
- 10.8 SpinQ Technology Co., Ltd.
- 10.8.1 Company Overview
- 10.9 QpiCloud Techonologies
- 10.9.1 Company Overview
- 10.10. CERN
- 10.10.1 Company Overview
- 10.10.2 SWOT Analysis
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