Scope of the Study
Growing Demand for High Performance Computing will help to boost global enterprise quantum computing market. Quantum computer is basically dissimilar than conventional & supercomputers and use the technology based on quantum phenomena. Quantum computers are established on the principle of superposition which permits them to reach high computational power required for advanced applications including cryptography, machine learning and drug discovery. Quantum computing application developers have ongoing testing encryption algorithms with quantum keys which is probable to offer protected encryption for the security of data against the computational power of future systems. Moreover, quantum computing implements complex calculations expertly when compared with classical computers and this factor majorly fuels the growth of the enterprise quantum computing market application all over the world. There are various applications of enterprise quantum computing including machine learning/deep learning, optimization of traffic, financial analysis, simulation & data modelling, cyber security, and others.
The market study is being classified by Type (Hardware, Software and Services), by Application (Machine Learning/Deep Learning/AI, Optimization, Simulation & Data Modelling and Cyber Security) and major geographies with country level break-up.
Alibaba Group Holding Limited (China), Intel Corporation (United States), Microsoft Corporation (United States), D-Wave Systems Inc. (Canada), Google LLC (United States), International Business Management Corporation (IBM) (United States), Cisco Systems (United States), Huawei Technologies Co. Ltd. (China), ID Quantique (Switzerland) and Rigetti & Co, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Toshiba Research Europe Ltd. (United Kingdom), Cambridge Quantum (United Kingdom) and QC Ware Corp. (United States).
Research Analyst at AMA predicts that North American Players will contribute to the maximum growth of Global Enterprise Quantum Computing market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Enterprise Quantum Computing market by Type, Application and Region.
On the basis of geography, the market of Enterprise Quantum Computing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by , the sub-segment i.e.
will boost the Enterprise Quantum Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Quantum Annealing will boost the Enterprise Quantum Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Healthcare & Life Sciences will boost the Enterprise Quantum Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Hardware, the sub-segment i.e. Quantum Processing Units (QPU) will boost the Enterprise Quantum Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Enterprise Quantum Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Adoption in Investments in Quantum Computing Technology
- Upsurge in Demand for High Performance Computing
- Growth in Demand from Medical Research and Financial Industry
Market Trend
- Increase in Requirement for Secure Computing Platforms
- Growing In Use of Simulation As Well As Modeling in Quantum Computing
Restraints
- Rising Concern about Error Correction Issues
- Operational Challenges and Stability Associated With Quantum Computing
Opportunities
- Emergence of On-Premises Quantum Computers for Businesses and Technological Advancements
On 5th March 2018, Chinese web giant Alibaba Group Holding Ltd.’s cloud arm has launched quantum computing to its growing list of services. Alibaba Cloud collaborated with the Chinese Academy of Sciences to host a superconducting cloud computer powered by an 11-quantum-bit processor.
Key Target Audience
Technology Investors, Quantum Computer Manufacturers, Quantum Dots Manufacturers, Government Agencies, Educational Institutes, Developers and Platform Providers, Research/Consultancy Firms, Government Regulatory Bodies, Government and Private Research Organizations and Others
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