Quantum Computing Market by Current Trends and Business Strategies Analysis by Leading Players to 2028

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Quantum Computing Market 2021 - Growth
Opportunities and Key Trends by Top Companies to
2028
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• The quantum computing market is estimated to
  showcase robust growth through 2028 driven by
  burgeoning computation requirements in varied
  applications.
• Quantum computers can process larger data sets at
  a much faster speed than classical computers.
  With soaring amounts of data being generated
  across the globe, quantum computing has gained
  massive prominence as an efficient computing
  solution across different sectors. Recently,
  industry players have been adopting profitable
  strategies to establish a footing in the rapidly
  evolving field, thereby enhancing market
  dynamics.
• For instance, in October 2021, Amazon Web
  Services (AWS), a cloud computing behemoth,
  opened its new Center for Quantum Computing in
  California, expanding its presence in the quantum
  industry. The Center, which was built by AWS in
  collaboration with the California Institute of
  Technology (Caltech), aims to develop quantum
  computers and associated technologies that could
  potentially revolutionize machine learning, data
  security, sustainability practices, drug
  development, and other fields.
• For comprehensive assessment, the quantum
  computing market has been segmented in terms of
  deployment model, component, application,
  end-user, and region. On the basis of
  application, the market has further been
  segregated into simulation, optimization,
  sampling, machine learning, and others.

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• The sampling sub-segment is likely to grow at a
  CAGR of over 25 through the assessment timeframe
  to reach a sizable valuation by 2028. Widespread
  adoption of services in sampling applications is
  expected to drive the growth of the segment in
  the coming years.
• From the end-user perspective, the market has
  been categorized into automotive, BFSI, energy,
  aerospace defense, government, chemical,
  healthcare, and others (IT telecom,
  manufacturing, etc.). In 2020, the government
  sub-segment held a market share of approximately
  5 and is anticipated to expand at a notable CAGR
  over the analysis period. The advent of quantum
  computing solutions in the industry is set to
  fuel segmental demand over the following years.
• The quantum computing market from the energy
  sub-segment is calculated to progress at around
  25 CAGR through the study timeline to witness
  substantial revenue growth by 2028. Rising usage
  of quantum computers for oil gas production is
  foreseen to support segmental expansion in the
  upcoming years.

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• Regional Analysis

• In the regional landscape, the Latin America
  quantum computing industry contributes to a
  considerable portion of the global market revenue
  and is projected to grow at a CAGR of more than
  30 over the review period. Prevalent expansion
  of infrastructure across LATAM is slated to
  facilitate regional market expansion through
  2028.
• Meanwhile, the Middle East Africa quantum
  computing market is speculated to garner a
  significant share in the overall industry by
  2028, registering about 30 CAGR over the
  forecast period. Surging investments by regional
  governments are likely to foster product outlook
  in MEA in the future.

• Competitive Analysis

• Some of the key players operating in the quantum
  computing market are 1QB Information
  Technologies, Inc., Accenture plc, Amazon Web
  Services, Inc., Cambridge Quantum Computing,
  D-Wave Systems, Fujitsu, Google, Honeywell,
  Huawei, IBM, Microsoft, QC Ware, Quantica
  Computacao, Quantum Circuits, Rigetti, Riverlane,
  VeriQloud, XANADU, and Zapata Computing.

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