Global quantum computing market is anticipated to grow at a considerable CAGR of 30.6% during the forecast period. Governments and companies around the world are investing heavily in quantum computing research and development. This is helping to accelerate the development of quantum computers and related technologies. Quantum computers are expected to be much faster than traditional computers for certain types of tasks. This could lead to breakthroughs in fields such as drug discovery, materials science, and financial modeling. Quantum computers could be used to develop new encryption algorithms that are more secure than existing algorithms. This could help to protect sensitive data from cyberattacks. Quantum computers could be used to develop new artificial intelligence algorithms that are more powerful and efficient than existing algorithms. This could lead to advances in areas such as self-driving cars and natural language processing.
Browse the full report description of “Quantum Computing Market Size, Share & Trends Analysis Report Market by Technology (Superconducting qubits, Trapped ion qubits, Photonic qubits and Other (Neutral Atoms and Quantum Dots)), by Application (Artificial Intelligence, Cybersecurity, Climate Change and Weather Forecasting, Cryptography, Drug Discovery, Materials Science, Financial Modeling, and Other) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/quantum-computing-market
In 2022, the United States government committed $1.8 billion to quantum computing research and development. This is the largest single investment in quantum computing by any government to date. Behind many quantum technology start-ups are technical breakthroughs, and 2022 saw several notable ones. A few examples include the awarding of the Nobel prize in physics to pioneering researchers in quantum entanglement, a company that presented a quantum processor with hundreds of quantum bits (qubits) and a road map to build one with thousands of qubits by 2025, and another company that demonstrated quantum advantage in a sampling problem using its photonic quantum computer. In addition to government investment, private companies are also investing heavily in quantum computing. For example, Google has invested over $1 billion in quantum computing research, and Microsoft has invested over $500 million.
Market Coverage
• The market number available for – 2023-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Technology
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape - Rigetti & Co, Inc., Google LLC, IBM, Intel Corp., Microsoft Corp., Alibaba Group Holding Ltd., AWS, Baidu, Inc., Fujitsu Ltd., Honeywell International Inc., IonQ, Inc., and Quantinuum, Ltd., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Quantum Computing Market Report Segment
By Technology
By Application
Global Quantum Computing Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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