Quantum Computing Market – Growing Demand Analysis and Trends 2019 to 2030 – Media Releases – CSO Australia

The quantum computing market is estimated to hold a share of US$ 3.98 billion in 2019. The market is anticipated to further grow at a CAGR of 25.30% from 2019 to 2030.

Market Industry Report has published a deep-dive assessment studies of new markets in the Quantum Computing Market - Global Analysis & Forecast 2019-2030 Intensive market research showcase promising growth trajectory of the market. The quantum computing market is estimated to hold a share of US$ 3.98 billion in 2019. The market is anticipated to further grow at a CAGR of 25.30% from 2019 to 2030.

Quantum Computing Market Prominent Players:

The prominent players in the global quantum computing market include IBM, Intel Corporation, Google, Microsoft Corporation, D-Wave Systems Inc., IonQ, Inc., 1QB Information Technologies Inc., Xanadu, ID Quantique, and Rigetti & Co, Inc., among others.

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The global quantum computing market is segmented by component, deployment mode, application, and end-use industry.

Quantum Computing Market By Component

Based on component, the market can be segmented into hardware, software, and services. The software segment is estimated to grow at the highest CAGR during the forecast period, 2019-2030 owing to simplification of the overall computing processes and ease of upgrading and maintenance tasks.

Quantum Computing Market By Deployment Mode

Based on deployment mode, the market can be segmented into on-premise and cloud. The cloud segment is estimated to grow at the highest CAGR, owing to factors such as ease of accessing data, computation of data irrespective of the location, and cost-effectiveness when compared with on-premise deployments.

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Quantum Computing Market By Application

Based on application, the market can be segmented into optimization, simulation, and sampling. The simulation segment is expected to dominate the application segment, as computing is being used extensively for research & discovery of materials owing to advanced features available with fast computing.

Quantum Computing Market By End-Use Industry

Based on end-use industry, the market can be segmented into Banking, Financial Services, and Insurance (BFSI), healthcare & pharmaceuticals, defense, automotive, chemical, utilities, and others. The automotive segment is dominating in 2019 owing to factors such as need for optimization in the automotive industry, machine learning, and simulation applications in problem-solving such as developments in batteries used for electric vehicles.

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Quantum Computing Market - Growing Demand Analysis and Trends 2019 to 2030 - Media Releases - CSO Australia