Enterprise Quantum Computing Market Report Scope

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 percent of organization leaders across the globe are planning to adopt quantum computing in coming years.

GET A SAMPLE COPY OF THIS REPORT

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 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 the Development of Artificial Intelligence– Quantum computing is used for the training of machine learning models and generating optimized algorithms.  Therefore, it is anticipated to surge in the growth of the global enterprise quantum computing market. For instance, there are more than 35 percent 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, research and development around the globe have reached USD 1.7 Trillion.

• Rising Application in New Drugs Formation – More than 10 percent of its investment is investment by pharma accounting for more than 15 percent 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 have invested more than USD 1 Million in 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 the 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 the increasing adoption of quantum computing technology, and the presence of major players in the region. For instance, more than 30 percent share of organizations are involved in the 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:

Customize this Report: Request Customization

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 a 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

.