Quantum Computing: Technologies and Global Markets to 2028

Report Code: IFT149C

Publish Date: Sep 2023

Publisher: BCC Publishing

Category: Information Technology

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Report Highlights

The global quantum computing market reached $713.4 million in 2022, should reach $904.7 million by 2023 and $6.5 billion by 2028 with a compound annual growth rate (CAGR) of 48.1% during the forecast period of 2023-2028.

Report Includes

  • 43 data tables and 45 additional tables
  • An updated review of the global markets for quantum computing technologies
  • Estimation of market size and analyses of global market trends, with data from 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
  • Evaluation and forecast the global quantum computing market size in dollar value terms, and corresponding market share analysis by offering, application, end-user industry and region
  • Identification of the quantum computing technologies and products with the greatest commercial potential
  • Coverage of recent advances in the quantum computing industries with environmental, social, and corporate governance (ESG) developments, and information on Japan’s first superconducting quantum computer launched by Nippon Telegraph and Telephone Corp. (NTT)
  • Assessment of the key drivers and constraints that will shape the market for quantum computing over the next ten years and discussion on the upcoming market opportunities and areas of focus to forecast the market into various segments and sub-segments
  • Identification of the companies best positioned to meet this demand because of their proprietary technologies, strategic alliances, or other advantages
  • Review of the key patent grants and new technologies in the quantum computing sector
  • Insight into the recent industry strategies, such as M&A deals, joint ventures, collaborations, and license agreements currently focused on quantum computing products and services
  • Company profiles of major players within the industry, including Alphabet Inc. (Google LLC), Amazon.com Inc., International Business Machines (IBM) Corp., and Microsoft Corp.

Report Scope

In this report, the quantum computing market has been segmented based on offering, deployment, technology, application, end-user industry, and region. The report provides an overview of the global quantum computing market and analyzes market trends. Using 2022 as the base year, the report provides estimated market data for the forecast period 2023 through 2028.

Revenue forecasts for this period are segmented into:

  • Offering: services and systems.
  • Method of deployment: on-premises and cloud-based.
  • Technology: trapped ions, quantum annealing, superconducting qubits, and others.
  • Application: quantum-assisted optimization, quantum simulation and quantum-assisted machine learning.
  • End-user industry: banking and finance, IT and telecom, healthcare and pharmaceuticals, space and defense, energy and power, transportation and logistics, academia, government, chemicals, and others.
  • Region: North America is segmented into the U.S., Canada, and Mexico; Europe is segmented into the U.K., France, Germany, and Rest of Europe; the U.K. is further segmented into England, Wales, Scotland, and Northern Ireland; Asia-Pacific (APAC) is segmented into China, Japan, India, and Rest of Asia-Pacific; the Rest of World is segmented into the Middle East and Africa, and Latin America.

COVID-19 has had a massive impact on society since early 2020. This report considers the impact of COVID-19 and the economic slowdown it created. With people relying more on technology, the demand for quantum computing will increase and boost the market growth. The report also focuses on the major trends and challenges that affect the market and the vendor landscape.

This report has been prepared in a simple, easy-to-understand format, with numerous tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for quantum computing, with reasons given for variations in the growth of the industry in certain regions. The report examines each component of quantum computing technology, determines its current market size, and estimates its future market. The report also analyzes the market from the manufacturers’ viewpoint as well as that of the final consumer. A number of technical issues arising out of the utilization of quantum computing technologies are discussed, and solutions are indicated.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $713.4 million
Market size forecast $6.5 billion
Growth rate CAGR of 48.1% for the forecast period of 2023-2028
Units considered $ Millions
Segments covered Offering, Technology, Method of Deployment, Application, End-user Industry
Regions covered North America, Europe, Asia-Pacific, Rest of the World (RoW)
Countries covered U.S., Canada, Mexico, Germany, France, U.K., Russia, Finland, Austria, etc., China, India, Japan, Singapore, Malaysia, etc., Latin America, Middle East and Africa
Key Market Drivers
  • Rapid Growth in Machine Learning (ML)
  • Rising Demand for Supply Chain Optimization
  • Early Adoption of Quantum Computers in the Banking and Financial Industries
Companies studied
GOOGLE INC. (ALPHABET INC.)AMAZON.COM INC.
ATOS SEBAIDU INC.
D-WAVE QUANTUM INC.HUAWEI TECHNOLOGIES CO. LTD.
INFLEQTIONIBM CORP.
IONQ INC.ISARA CORP.
MICROSOFT CORP.QC WARE CORP.
QUANTINUUM LTD.RIGETTI COMPUTING INC.
TOSHIBA CORP.XANADU QUANTUM TECHNOLOGIES INC.
ZAPATA COMPUTING INC.
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Frequently Asked Questions (FAQs)

The global market for quantum computing was valued at $713.4 million in 2022 and will reach $6.5 billion by 2028. The global market for quantum computing is expected to witness a CAGR of 48.1% from 2023 to 2028.
The key factors driving the growth of the quantum computing market include rapid growth in the machine learning, early adoption of quantum computers in the banking and financial industries, and rising demand for supply chain optimization.
The global market for quantum computing has been segmented based on IC type, deployment type, wafer material type, end use, and geography.
The quantum-assisted optimization segment dominated the market, holding over 48.2% of market share in 2022.
North America currently is the most dominant region for global quantum computing market.
Alphabet (Google), IBM, Amazon, and Microsoft are the key players in the global quantum computing market.

Analyst Credentials

Masaratjahan Kudle – Associate Consultant – Technology Research
Masaratjahan Kudle is a highly skilled market research consultant with six years of experience in the technology domain. She has a strong background in data analysis and is highly skilled in gathering and interpreting market intelligence to drive business growth. Masaratjahan has worked with numerous clients throughout her career, helping them make informed decisions about their market strategies. She holds a Computer Science and Engineering degree.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Quantum Computing: Technologies and Global Markets to 2028265Free
Chapter- 1: Introduction12Free
Chapter- 2: Summary and Highlights4Free
Chapter- 3: Market Overview 6Free
Chapter- 4: Market Dynamics7Free
Chapter- 5: Market Breakdown, by Offering5Free
Chapter- 6: Market Breakdown by Method of Deployment4Free
Chapter- 7: Market Breakdown by Technology6Free
Chapter- 8: Market Breakdown by Application15Free
Chapter- 9: Market Breakdown by End-User Industry19Free
Chapter- 10: Market Breakdown by Region47Free
Chapter- 11: ESG Development9Free
Chapter- 12: Emerging Technologies and Developments3Free
Chapter- 13: Patent Analysis11Free
Chapter- 14: M&A and Venture Funding Outlook12Free
Chapter- 15: Competitive Intelligence19Free
Chapter- 16: Company Profiles86Free
Published - Feb-2022| Analyst - BCC Publishing| Code - IFT149B

Report Highlights

The global quantum computing technologies market should reach $1.6 billion by 2026 from $390.7 million in 2021 at a compound annual growth rate (CAGR) of 33.2% for the forecast period of 2021 to 2026.

Report Includes

  • 59 data tables and 54 additional tables
  • An updated review of the global markets for commercial quantum computing technologies
  • Analyses of the global market trends, with data from 2020 to 2021, estimates for 2022 and 2024, along with projections of compound annual growth rates (CAGRs) through 2026
  • Evaluation and forecast the global quantum computing market size in dollar value terms, and corresponding market share analysis by offering, technology, deployment, application, end-user industry and region
  • Identification of the quantum computing technologies and products with the greatest commercial potential
  • Technology assessment of the key drivers and constraints that will shape the market for quantum computing over the next ten years
  • Understanding of the upcoming market opportunities and areas of focus to forecast the market into various segments and sub-segments
  • Highlights of COVID-19 implications on the progress of this market
  • Identification of the companies best positioned to meet this demand because of their proprietary technologies, strategic alliances or other advantages
  • Review of the key patent grants and new technologies in the quantum computing sector
  • Insight into the recent industry strategies, such as M&A deals, joint ventures, collaborations, and license agreements currently focused on commercial quantum computing products and service
  • Company profiles of the key industry players, including Alphabet Inc., Cambridge Quantum Computing, Honeywell International Inc., International Business Machines (IBM) Corp., Microsoft Corp. and Toshiba Corp.
Published - Aug-2018| Analyst - Andrew McWilliams| Code - IFT149A

Report Highlights

The global commercial quantum computing market is expected to reach $1.3 billion by 2027 at a compound annual growth rate (CAGR) of 52.9% from 2022 to 2027 and $161 million by 2022 from $33.0 million in 2017 at a CAGR of 37.3% for the period 2017-2022.

Report Includes

  • 35 data tables
  • Detailed study and an industry analysis of the global markets and technologies for quantum computing
  • Analyses of global market trends with data from 2016, forecasts for 2017 to 2027, and projections of compound annual growth rates (CAGRs) through 2027
  • Identification of the quantum computing technologies and products with the greatest commercial potential
  • Segmentation of the global quantum computing market by technology type, end use, application sector, and geographical region
  • Technological assessment of the key drivers and constraints that will shape the market for quantum computing over the next ten years
  • Examination of the companies that are best positioned to meet the demand for quantum computing technologies, because of proprietary technologies, strategic alliances or other advantages
  • Profiles of the leading companies offering products and services related to quantum computing technologies, including D-Wave Systems, Intel Corp., International Business Machines Corp., Microsoft, and Amgen Inc.

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Quantum Computing: Technologies and Global Markets to 2028
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