The global enterprise quantum computing market revenue was US$ 1,777.95 million in 2021. The global enterprise quantum computing market revenue is forecast to reach US$ 18,356.45 million by 2030, growing at a compound annual growth rate (CAGR) of 29.7% during the forecast period from 2022 to 2030.
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Quantum computers use technology based on quantum phenomena and are fundamentally different from conventional computers. In contrast to classical computers, it processes data using quantum bits (qubits).
Factors Influencing Market Growth
Due to its ability to perform complex calculations better than classical computers, quantum computing is majorly fueling the growth of the global enterprise quantum computing market.
A growing need for secure platforms and an increase in quantum computing simulations and modeling are forecast to fuel the growth of the global enterprise quantum computing market.
During the forecast period, operational challenges and error correction issues related to quantum computing may impact the global market growth.
Quantum computing on-premises and technological advancements in quantum computing are forecast to provide opportunities for the global enterprise quantum computing market growth in the near future.
Increasing investment in quantum computing, an increase in high-performance computing demand, and the growth of medical research and financial markets are forecast to drive the global enterprise quantum computing market growth.
A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. Census Bureau reports the recovering of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market for Enterprise Quantum Computing Market.
Impact Analysis of COVID-19
Covid-19 has devastated many industries but had a significant impact on the enterprise quantum computing market. Quantum computing helps various sectors in the pandemic phase like healthcare, research, and development by enabling remote working and various research projects such as drug development.
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The Asia Pacific is forecast to grow at the highest CAGR in the global enterprise quantum computing market during the forecast period. Health and pharmaceuticals, banking and finance, and chemicals are among the leading industries in the Asia Pacific. All of these industries need to resolve difficulties related to optimization, simulation, and machine learning. Large and medium enterprises are growing in the Asia Pacific region due to the rapid expansion of emerging economies and the rising use of advanced technologies in the manufacturing sector. As a result, the Asia Pacific region is seeing an increase in demand for enterprise quantum computing.
According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.
This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).
The leading prominent companies profiled in the global enterprise quantum computing market are:
D-Wave Systems Incorporated
Huawei Technologies Co., Limited
International Business Management Corporation (IBM)
Rigetti & Co, Incorporated
Xanadu Quantum Technologies
Zapata Computing, Incorporated
Other Prominent Players
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Scope of the Report
The global enterprise quantum computing market segmentation focuses on Component, Deployment Mode, Technology, Application, Industry Vertical, and Region.
Segmentation based on Component
Quantum Processing Units (QPU)
Training & education
Support & maintenance
Segmentation based on Deployment Mode
Segmentation based on Technology
Segmentation based on Application
Machine Learning/Deep Learning/AI
Simulation & data modeling
Segmentation based on Industry Vertical
Healthcare & Life sciences
IT & Telecom
Energy & utilities
Aerospace & Defense
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Segmentation based on Region
Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America
What is the goal of the report?
• The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
• During the forecast period, the report analyzes the growth rate, market size, and market valuation.
• The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
• The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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