Global Quantum Computing Market is Estimated to Reach $495 Million by 2023
Global Quantum Computing Market report published by Accurize Market Research forecast that the global market is expected to reach $495 million by 2023; growing at a CAGR of 29% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Increasing occurrences of cybercrimes, rising investment by various government organizations and growing execution of this technology in defense & automotive sector to drive the growth of the market
Increasing occurrences of cybercrimes, rising investment by various government organizations and growing execution of this technology in the defense & automotive sector fuels the demand for the global quantum computing market. Furthermore, the practice of quantum cryptography to protect mobile transactions and rise in implementation of this technology in drug discovery also boosts the growth of the market.
The global quantum computing market has been bifurcated on the basis of revenue source, industry vertical, application, and geography. The revenue source is classified into hardware, software, and services. By industry vertical, the segment is divided into defense, chemicals, banking & finance, energy & power, and healthcare & pharmaceuticals. Classification by application includes simulation, optimization, and sampling.
By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in the U.S., Canada, and Mexico whereas Europe consists of the UK, Russia, Germany, France, Italy, and the Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
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Top players in the market
The key players operational in the market includes Microsoft Corporation, Google Inc., Intel Corporation, IBM Corporation, Nokia Technologies, Fujitsu, Toshiba Corporation, QC Ware Corp, D-Wave Systems Inc., and Cambridge Quantum Computing Limited