Enterprise Quantum Computing Market Analysis by Vertical (Healthcare, BFSI, Aerospace & Defense, IT & Telecom, Energy & Utilities, and Others); by Component (Service, Software, and Hardware); by Deployment Mode (Cloud, and On -Premise); and by Application (Cyber Security, Deep Learning, Stimulation & Data Modelling, and Others)-Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

  • Product Code:
    RP-ID-10352432
  • Published Date:
    21 Sep 2022
  • Region:
    Global
  • Category:
    ICT & Telecom
  • Publisher:
    Pub-ID-54

Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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The Research Report is Updated with 2021 Base Year, 2022 Estimated year and Forecast till 2031 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2021 as base year, 2022 as estimated year and forecast to 2031. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

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  Enterprise Quantum Computing Market Report Scope

 

Base Year

2022

Forecast Year

2023-2033

CAGR

~30%

Base Year Market Size (2022)

 ~ USD 500. 0 Million

Forecast Year Market Size (2033)

~ USD 12,100.0 Million

Global Enterprise Quantum Computing Market Highlights Over 2023 - 2033

The global enterprise quantum computing market is estimated to garner a revenue of USD 12,100.0 Million by the end of 2033 by growing at a CAGR of ~30% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 500.0 Million in the year 2022. The growth of the market can be attributed to the rising adoption of quantum computing by organizations. More than 65 per cent of the organization leaders across the globe are planning to adopt quantum computing in coming years.

enterprise-quantum-computing-market

 

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Quantum computing is a branch of computer science that employs quantum theory principles. Moreover, it explains how energy and matter behave at the atomic and subatomic levels. They help the traditional computers to handle operations at a faster pace as compared to the conventional computers. Therefore, surging demand for quantum computers is expected to increase the growth of the global enterprise quantum computing market. For instance, in India, there are more than four qubit small scale quantum computers running by IQM.

Global Enterprise Quantum Computing Market: Growth Drivers and Challenges

Growth Drivers

  • Surging Usage in Development of Artificial Intelligence– Quantum computing are used for the training of machine learning models and generating optimized algorithms.  Therefore, it is anticipated to surge the growth of the global enterprise quantum computing market. For instance, there are more than 35 per cent of enterprises across the globe that has opted for artificial intelligence

  • Increasing Investment in Research and Development- According to the United Nations Educational, Scientific, and Cultural Organization, the research and development around the globe has reached USD 1.7 Trillion.

  • Rising Application in New Drugs Formation – More than 10 per cent of its investment are investment by pharma accounting to more than 15 per cent of overall R & D investment in the global economy across all the businesses.

  • Increase in the Data Center Workloads– There are more than 2,500 data centers in the United States till January 2022

  • Complexity in Enterprise Quantum Computing Technology

  • Risk of High Errors

  • Lack of Technical Expertise

The global enterprise quantum computing market is segmented and analyzed for demand and supply by component into service, software, and hardware. Out of these, the service segment is anticipated to hold the largest share over the forecast period owing to the rising number of startups across the globe, and the increasing research and development on quantum computing technology. More than 25 percent of the organizations around the globe has invested more than USD 1 Million in the quantum computing.

Global Enterprise Quantum Computing Market Regional Synopsis

Regionally, the global enterprise quantum computing market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2033 on the back of increasing adoption of quantum computing technology, and presence of major players in the region. For instance, more than 30 per cent share of organizations involved in early or advanced stages of adopting quantum computing.

Market Segmentation

Our in-depth analysis of the global enterprise quantum computing market includes the following segments:

By Vertical

  • Healthcare

  • BFSI

  • Aerospace & Defense

  • IT & Telecom

  • Energy & Utilities

  • Others

By Component

  • Service

  • Software

  • Hardware

By Deployment Mode

  • On-Premise

  • Cloud

By Application

  • Cyber Security

  • Deep Learning

  • Stimulation & Data Modelling

  • Others

 

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Key Companies Dominating the Global Enterprise Quantum Computing Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global enterprise quantum computing market that are included in our report are Microsoft Corporation, Alphabet Inc., Intel Corporation, International Business Management Corporation, Huawei Technologies Co., Ltd., D-Wave Systems Inc., Zapata Computing, Inc., Toshiba Corporation, Rigetti & Co, Inc., Atom Computing, Inc., and others.

Global Enterprise Quantum Computing Market: Latest Developments

  • October, 2018 - Huawei Technologies Co., Ltd., announced the introduction of cloud service platform for quantum computing simulation. The purpose of HiQ is to provide cloud services with single and full amplitude simulations.

  • July, 2022: Zapata Computing, Inc., announced a new multi-GPU cluster integration for accelerating enterprise Quantum use cases with NVIDIA cuQuantum.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal. 


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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  1. Microsoft Corporation
  2. Alphabet Inc.
  3. Intel Corporation
  4. International Business Management Corporation
  5. Huawei Technologies Co. Ltd.
  6. D-Wave Systems Inc.
  7. Zapata Computing Inc.
  8. Toshiba Corporation
  9. Rigetti & Co Inc.
  10. Atom Computing, Inc. 
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