Global Quantum Computing Technology Market Research Report

Dublin, February 16, 2022 (GLOBE NEWSWIRE) — The “Quantum Computing: Global Technologies and Markets to 2026” Report has been added to offering.

The global market for quantum computing technologies 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 2021 to 2026.

  • The superconducting qubits segment of the global quantum computing technologies market is expected to grow from $144.9 million in 2021 to $612.9 million in 2026 at a CAGR of 33.4% for the forecast period 2021 to 2026 .
  • The trapped ion segment of the global quantum computing technologies market is expected to grow from $131.1 million in 2021 to $550.7 million in 2026 at a CAGR of 33.2% for the forecast period 2021 to 2026 .

Scope of the report

This report provides an overview of the global quantum computing market and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period from 2021 to 2026. The revenue forecasts for this period are segmented on the basis of supply, deployment, technology, application, end-user industry and the region.

Quantum computing is the gateway to the future. It can revolutionize computing by making certain types of stubborn classical problems solvable. Currently, no quantum computer is mature enough to perform calculations that traditional computers cannot, but great strides have been made in recent years. Several large and small startups are using error-correcting quantum computers made up of dozens of qubits, some of which are even publicly accessible via the cloud. Quantum computing helps scientists speed up their discoveries in related areas such as machine learning and artificial intelligence.

Early adoption of quantum computers in the banking and finance industries, increased investment in quantum computing technology, and the rise of numerous strategic partnerships and collaborations are major drivers of market growth.

The trend towards strategic approaches such as partnerships and collaborations is expected to continue. As quantum computer vendors move toward quantum development, consumer industries will look to adopt current and new quantum technologies to gain a competitive advantage. Technological obstacles in the implementation of quantum systems, as well as the lack of quantum skills, may limit the growth of the market. However, the increasing adoption of quantum technology in health care, the increasing demand for computing power, and the introduction of cloud-based quantum computing services are expected to open up new market opportunities during the period of forecast.

Between 2021 and 2026, many companies with optimization problems may take a hybrid approach where some of the problems are handled by classical computing and the rest by quantum computers. Demand for quantum computers is expected to grow across multiple end-user industries, from finance to pharmaceuticals, automobiles, and aerospace. Many industries, such as banks, are now using quantum cloud-based services.

There is no doubt that quantum computers will be expensive machines to develop and will be operated by a small number of key players. Companies like Google and IBM plan to double the performance of quantum computers every year. Additionally, a small but significant cohort of promising startups is steadily increasing the number of qubits a computer can process. This creates an immersive opportunity for the growth of the global quantum computing market in the coming years.

This report has divided the global quantum computing market on the basis of supply, technology, implementation, application, end-user industry and region. According to the offer, the market is segmented into systems and services. The service memory segment held the largest market share and is expected to post the highest CAGR during the forecast period. The services segment includes quantum computing as a service (QCaaS) and consulting services.

The report also focuses on the major trends and challenges impacting the market and competitive landscape. It explains current market trends and provides detailed profiles of the major players and the strategies they adopt to enhance their presence in the market. The report estimates the size of the global quantum computing market in 2020 and provides projections of the expected size of the market up to 2026.

competitive landscape

  • Strategic analysis
  • Product launches and developments
  • Agreements, Collaborations and Alliances
  • Acquisitions, Expansions and Investments
  • Quantum Computing players by category and country
  • Total newly created private companies by country and type of service offer
  • Equity Financing of Quantum Computing Startups
  • Global companies, universities and government/non-profit organizations involved in quantum computing
  • Universities involved in quantum computing

Company profiles of key industry players include

  • Providers of quantum computing products and solutions
  • 1Qb Information Technologies Inc.
  • Alphabet Inc. (Google LLC)
  • Amazon.Com Inc.
  • Cambridge Quantum Computing
  • Coldquanta Inc.
  • D-Wave Systems Inc.
  • Honeywell International Inc.
  • Huawei Technologies Co., Ltd.
  • International Business Machines (Ibm) Corp.
  • Isara Corporation
  • Ionq Inc.
  • Microsoft Corp.
  • QCWare Corp.
  • Computing Rigetti Inc.
  • Q-Ctrl Pty Ltd.
  • Qu & Co Bv
  • Toshiba Corporation.
  • Xanadu Quantum Technologies Inc.
  • Zapata Computing Inc.
  • Diversified players in quantum computing
  • Accenture
  • airbus se
  • Alibaba Holding Group Ltd.
  • amgen inc.
  • biogene inc.
  • Booz Allen Hamilton Holding Corp.
  • Commonwealth Bank of Australia
  • evolutionq inc.
  • Hewlett Packard (HP) Inc.
  • H Bar Consultants
  • ID Quantique S.A.
  • Intel Corporation
  • Nippon Telegraph and Telephone Corp.
  • Raytheon Technologies Corporation.
  • Telstra Corp. Ltd.
  • volkswagen
  • Non-commercial research programs
  • Advanced Quantum Architecture Group (Aqua)
  • Australian Research Council Center of Excellence for Engineering Quantum Systems
  • Beijing Academy of Quantum Information Sciences (Baqis)
  • Berkeley Quantum Computing and Information Center
  • Quantum Device Center
  • Center for Quantum Computing and Communication Technology (Cqc2T)
  • Quantum Information and Control Center
  • Quantum Photonics Center (Cqp)
  • Center for Quantum Technologies (Cqt)
  • Quantum Information and Software Center
  • Center for Spintronics and Quantum Computing (Csqc)
  • Chicago Quantum Exchange (Cqe)
  • Computational and Data Intensive Physics Group
  • DNA-Seq Alliance
  • Institute of Information Sciences (Isi)
  • Quantum Institute
  • Institute of Quantum Computing (Iqc)
  • Institute of Quantum Information and Matter (Iqim)
  • Institute of Quantum Optics and Quantum Information (Iqoqi)
  • Ion Quantum Technology (Iqt) Group
  • Joint Center for Quantum Information and Computing
  • Joint Institute for Laboratory Astrophysics (Jila)
  • Key Quantum Information Laboratory
  • Los Alamos National Laboratory (Lanl)
  • National Institute of Science and Technology (Nist)
  • Networked Quantum Information Technologies (Nqit)
  • Oxford Quantum
  • Quantum Information and Integrated Nanosystems Group
  • Quantum Artificial Intelligence Laboratory (quail)
  • Institute of Quantum Science and Technology (Uclq)
  • Research Group in Quantum Sciences
  • Quantum Systems Group (Qsg)
  • qusoft
  • Qutech
  • Association of Space Research Universities (Usra)

Patent Analysis

  • Patents Granted to Companies (2018-2021)
  • 1QB Information Technologies Inc.
  • Inc.
  • Cambridge Quantum Computing
  • D-Wave Systems Inc.
  • IBM Corp.
  • Quantum Valley LP Mutual Fund
  • IonQ Inc.
  • QCWare Corp.
  • Rigetti Co Inc.
  • Samsung SDS Co., Ltd.
  • Xanadu Quantum Technologies Inc.
  • Zapata Computing Inc.

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