Quantum Computing Market is Forecasted To Be USD 1,785.32 Million By 2028 With A CAGR of 34.50% | Valuates Reports
BANGALORE, India, Nov. 28, 2022 /PRNewswire/ -- Quantum Computing Market is Segmented by Type - Hardware, Software, Cloud Service, by Application - Medical, Chemistry, Transportation, Manufacturing, Others. Global Opportunity Analysis and Industry Forecast, 2022 - 2028. It is published in Valuates Reports under the Science Category.
The global Quantum Computing market size was valued at USD 235.52 million in 2021 and is forecast to be a readjusted size of USD 1,785.32 million by 2028 with a CAGR of 34.50% during the forecast period 2022-2028.
Major factors driving the growth of the Quantum Computing market are
Early quantum computing applications in the fields of medicine, chemistry, transportation, manufacturing, and others, along with increased investment in quantum technology, are anticipated to drive the Quantum Computing market expansion on a global scale.
Browse The Table of Contents And List of Figures At https://reports.valuates.com/market-reports/QYRE-Auto-26C9062/global-quantum-computing
TRENDS INFLUENCING THE GROWTH OF QUANTUM COMPUTING MARKET
Growing investment in quantum technology is expected to drive the Quantum Computing market. In order to use quantum computers to perform various optimization and simulation tactics, numerous government organizations with ties to the global space and defense industries are spending more and more on the development of quantum computing technology. Governments from many different nations are funding their research institutions with substantial sums of money in order to further the development of quantum computing. China is making major investments in the study and development of quantum computing technology. Governments in the European Union, the United States, and Australia are moving forward with quantum computing programs.
By expediting diagnostics, personalizing medicine, and optimizing pricing, quantum computing might open up a variety of disruptive use cases for providers and health plans in the healthcare sector. Machine learning methods with quantum enhancements are highly applicable in this field. Medical image analysis, including processing steps like edge detection and image matching, may be improved by quantum computing. These upgrades would greatly improve image-aided diagnosis. Thus the potential of quantum computing in the Healthcare sector is expected to drive the Quantum Computing market
Many quantum computing experts agree that chemistry, and particularly quantum chemistry, has a great potential to be the first field to benefit from quantum computing because using quantum computing techniques, molecules can be simulated more effectively. The development of catalysts to facilitate chemical synthesis for more effective chemical product production, the investigation of next-generation battery materials to aid in the construction of sustainable energy systems, and the discovery of drug compounds for a healthier future for all of us could be accelerated by this.
immense potential Manufacturing will be disrupted and redefined as a result of breakthrough goods and services made possible by quantum computing. business benefit The manufacturing sectors most likely to experience significant advancements as a result of quantum computing are chemical discovery, product development, and process optimization. Machine learning and straightforward multivariable analysis are already used in semiconductor chip production. However, due to a computational bottleneck, more sophisticated analyses cannot be performed using classical computing's limited number of components. Quantum computing is anticipated to examine extra interaction elements and procedures to boost output. It takes a lot of computing power to simulate and optimize production flows and robotics scheduling for complicated items like autos. Faster optimization runs and more dynamic optimizations in production may be made possible by quantum computing.
Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Auto-26C9062/Global_Quantum_Computing_Market
QUANTUM COMPUTING MARKET SHARE ANALYSIS
D-Wave Solutions, IBM, ColdQuanta, Google, Microsoft, and Rigetti Computing are just a few of the major companies in quantum computing on a global scale. The top five players hold around 48% of the market.
With a market share of around 54%, North America leads Asia-Pacific and Europe in size. Due to its early adoption of cutting-edge technologies and intense competition in the industry, North America has experienced a notable increase. The level of end-user readiness to develop advanced services and the readiness of nations across regions to adopt the cloud have both had a positive impact on market expansion in North America.
With a market share of more than 82%, hardware is the most dominant product category. There are numerous hardware platforms being developed for quantum computing. All commercially accessible quantum computers are based on superconducting circuits and trapped ions, which are the most sophisticated. Spin qubits, photonic networks, and neutral atoms are other intriguing platforms.
With a market share of almost 25%, Medical is the most popular application. In the healthcare and research sectors, computing services are used to manage a variety of applications, including the processing of huge healthcare data and rapid DNA sequencing.
Inquire For Customization : https://reports.valuates.com/request/customisation/QYRE-Auto-26C9062/Global_Quantum_Computing_Market
Market By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Buy Chapter On North America: https://reports.valuates.com/market-reports/QYRE-Auto-26C9062/global-quantum-computing/7
Buy Chapter On Asia Pacific: https://reports.valuates.com/market-reports/QYRE-Auto-26C9062/global-quantum-computing/8
Key players
- D-Wave Solutions
- IBM
- Microsoft
- GOOGLE INC
- Rigetti Computing
- Intel
- Origin Quantum Computing Technology
- Anyon Systems
- Cambridge Quantum Computing Limited
- ColdQuanta
- 1QBit
- Xanadu Quantum Technologies
- Honeywell
- Zapata Computing
- Fujitsu
- QC Ware
- Ion Q
Buy Chapter On Company Profiles: https://reports.valuates.com/market-reports/QYRE-Auto-26C9062/global-quantum-computing/4
Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-26C9062&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS
- Quantum Computing Technologies Market
- Quantum Computing Cloud Service Market
- Quantum Computing for Enterprise Market
- Quantum Computing in Chemistry Market
- Healthcare Quantum Computing Market
- Quantum Computing in Manufacturing Market
- Quantum Computing in Transportation Market
- Neuromorphic Computing Market
- Artificial Intelligence market
- AI in telecommunication market
- Mobile Credential Reader Market
- Big Data & Business Analytics Market
- Captioning and Subtitling Solutions Market
- Natural Language Processing Market
- AI In Computer Vision Market
- Artificial Intelligence(AI) in Retail Market
Click Here To See Related Reports on Quantum Computing Market
About Us:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
Contact Us:
Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Sitemap: https://reports.valuates.com/sitemap/html/reports
https://reports.valuates.com/sitemap/html/reports/4
https://reports.valuates.com/sitemap/html/reports/5
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
SOURCE Valuates Reports
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO47928&Transmission_Id=202211280800PR_NEWS_USPR_____IO47928&DateId=20221128)
Share this article