North America Quantum AI Market Size, Share & Trends Analysis Report By Deployment Mode (On-premises and Cloud based), By Application (Machine learning & Optimization), By Component (Hardware and Services), By Country and Growth Forecast, 2024 - 2031

North America Quantum AI Market Size, Share & Trends Analysis Report By Deployment Mode (On-premises and Cloud based), By Application (Machine learning & Optimization), By Component (Hardware and Services), By Country and Growth Forecast, 2024 - 2031

The North America Quantum AI Market would witness market growth of 34.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America Quantum AI Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $626.9 million by 2031. The Canada market is experiencing a CAGR of 37.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 36.3% during (2024 - 2031).

This is a cutting-edge computational system that combines quantum computing and artificial intelligence (AI) to solve problems and complete tasks more effectively than classical AI models. The concept of this leverages the unique properties of quantum computing—such as superposition, entanglement, and quantum parallelism—to enhance the capabilities of AI algorithms, allowing them to handle more complex calculations, analyze larger datasets, and generate insights at unprecedented speeds.

As industries increasingly rely on AI to drive innovation, enhance efficiency, and gain competitive advantages, the limitations of classical computing systems are becoming more apparent. Despite its immense power, traditional AI is still constrained by the limitations of classical processors, which are unable to manage the extensive data and intricate computations necessitated by contemporary AI algorithms. As a result, the nascent but rapidly expanding field of this has emerged as a result of the investigation of quantum computation to circumvent these constraints.

Mexico's increasing demand for this is driven by its growing focus on technological modernization and industry-specific applications. The Mexican government has recognized the importance of adopting advanced technologies to enhance its economic competitiveness, leading to initiatives that encourage AI and quantum computing innovation. While Mexico's quantum research landscape is still developing, there is growing interest in leveraging this to address agriculture, energy, and logistics challenges. For instance, the Mexican Ministry of Science and Technology has highlighted this as a priority in its recent technology roadmaps. Although Mexico's government funding for quantum research is not as substantial as that of its northern neighbors, partnerships with international research institutions and private sector investment are helping to accelerate the adoption of this in the country. As these technologies mature, the region is poised to play a critical role in shaping the future of quantum AI globally.

Based on Deployment Mode, the market is segmented into On-premises and Cloud based. Based on Application, the market is segmented into Machine learning & Optimization, Simulation and Modeling, and Cryptography & Security. Based on Component, the market is segmented into Hardware, Software, and Services. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Microsoft Corporation
• Google LLC
• IBM Corporation
• Fujitsu Limited
• Intel Corporation
• Toshiba Corporation
• Rigetti Computing, Inc.
• D-Wave Systems Inc.
• Hitachi Digital Services, LLC (Hitachi Ltd.)

North America Quantum AI Market Report Segmentation

By Deployment Mode

• On-premises
• Cloud based

By Application

• Machine learning & Optimization
• Simulation and Modeling
• Cryptography & Security

By Component

• Hardware
• Software
• Services

By Country

• US
• Canada
• Mexico
• Rest of North America