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Global Enterprise Quantum Computing Market- By Component (Hardware, Software, and Services), By Deployment (Cloud, and On-premise), By Technology (Quantum Annealing, Superconducting, Trapped Ion and Quantum Dot), By Application (Machine Learning/Deep Learning/AI, Optimization, Simulation & Data Modelling and Cyber Security), and By Industry (Healthcare & Life Sciences, IT & Telecom, Manufacturing, BFSI, Energy & Utilities and Aerospace & Defense), and By Region (North America, Europe, Asia Pacific, South America, Middle East, and Africa)- Global forecast from 2020-2027.
Description
Global Enterprise Quantum Computer Market Overview:
Enterprise quantum computing refers to using the properties and principles of quantum mechanics to perform calculations and solve problems. The growth momentum of the global quantum computing market is due to the desire to improve the ability to model and simulate complex data, enhance and optimize the efficiency of systems or processes, and solve problems more accurately. Quantum computers, when compared with a conventional computer, are faster in solving problems and enhance the safety and security of data. Quantum computing is based on high computational power required for advanced applications such as AI, machine learning, drug discovery, and cryptocurrency. Therefore, with the advancement of technology, the rising importance of big data and machine learning are expected to boost the enterprise quantum computing market.Global Enterprise Quantum Computing Market Insights
Global enterprise quantum computing market estimated to grow with a significant CAGR during the forecast period, 2020-2027. The rise in demand for enhanced computing performance for data analysis and the surge in usage of simulation & modeling in BFSI, healthcare, and energy sector expected to fuel the global enterprise quantum computing market in the future timeline. A quantum computer cannot replace a classical computer, its outstanding performance in specific storage and computing tasks makes its great potential in banking, finance, security systems, and even the research of new drugs and new materials. Additionally, the growing use of enterprise quantum computing in healthcare for effective medicines and financial sectors for better financial portfolio optimization will accelerate the global enterprise quantum computing market in the upcoming periods. However, Quantum computers are not yet destined to replace processors in personal computers or smartphones anytime soon. Before companies can adopt quantum computing in large numbers, they need to significantly expand processing capabilities, improve error correction capabilities, write and improve quantum algorithms. Moreover, the growing adoption of enterprise quantum computing in various industries for securing computing platforms and vast amounts of data will boost the global enterprise quantum computing market.Growth Driver
Significant speed advantage
Classic computers run sequentially and make problems such as factorization of large numbers (cracking the most common cryptosystems) difficult, large and complex. In contrast, a quantum computer is equivalent to providing a natural parallel operation that can test multiple possible solutions at the same time. The advantages of this accelerated operation can also use for R & D and chemical development. At present, the computational complexity of the simulation of intermolecular interactions increases exponentially with the increase in the number of molecules, similar to the factorization of large numbers.Digital transformations
The digital transformation is driving the new economy, and the key to achieving digital transformation is business and technology. Improving computing speed and shortening application delivery time is one of the keys to digital transformation. The IT infrastructure based on the classic computing model is continuously improving to meet demand, such as heterogeneous computing, acceleration cards, IoT convergence technology, and modular infrastructure.Components Segmental Analysis
Based on Component, the global enterprise quantum computing market classified into Hardware, Software, Services, and others. The hardware segment likely to maintain substantial growth in the forecast period. It is owing to the adoption of quantum computing in large companies, and even startups are investing in the same for higher productivity and faster results. Although the services segment is also growing at an increasing rate due to cloud services such as Saas, Paas, are extensively increasing and will be adopted by many companies in the forecast period.Deployment Segmental Analysis
Based on deployment, the global enterprise quantum computing market bifurcated into Cloud and On-premise. The cloud segment projected to boost the market due to increasing demand for virtualization businesses where users can run, develop, and test the program on cloud without installing physical quantum computers. Moreover, the on-premise segment will also grow at a significant rate as the government organization has started investing in quantum computers to attain advanced technology, safety, and security of their data.Technology Segmental Analysis
Based on technology, the global enterprise quantum computing market classified into Quantum Annealing, Superconducting, Trapped Ion, and Quantum Dot. Quantum dot will dominate the market in the forecast period. As conventional computing is done based on representing bits whereas quantum dot represents qubits which can take value 0 and 1 simultaneously and encode result with faster results.Application Segmental Analysis
Based on Application, the global enterprise quantum computing market classified into Machine Learning/Deep Learning/AI, Optimization, Simulation & Data Modelling, and Cyber Security. Machine learning/ deep learning/AI expected to dominate the market of quantum computing in the forecast period. As it not only enhances the speed of the work but also makes interaction easier with customers as quantum computing have the potential to solve a large number of problems in a fraction of time and can also process different combination at once.Industry Segmental Analysis
Based on industry, the global enterprise quantum computing market classified into Healthcare & Life Sciences, IT & Telecom, Manufacturing, BFSI, Energy & Utilities, and Aerospace & Defense. The healthcare sector is continuing to dominate the industry in the forecast period. Due to a rise in the demand for effective medicines as it takes about 8-10 years to develop any medicine which involves lots of time and cost in R&D. Additionally, quantum computing can determine the cure of several diseases by mapping the DNA of patients. Therefore, this creates lots of opportunities for developing various medicines in a short period and cost-effective manner.Region Segmental Analysis
Based on geography, the global enterprise quantum computing market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is going to capture a significant share in the global enterprise quantum computing market. Owing to the growing healthcare sector, and various development occurring for the adoption of quantum computing in different regions like India and China will increase in the forecast period.Competitor Analysis
Companies such as Alibaba Group Holding Limited, D-Wave Systems Inc., Google LLC, Huawei Technologies Co. Ltd., ID Quantique, International Business Management Corporation (IBM), Intel Corporation, Microsoft Corporation, Rigetti & Co, Inc., Toshiba Research Europe Ltd., and other prominent players in the global enterprise quantum computing market.Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global Enterprise Quantum Computer service providers
- Research organizations and consulting companies
- Organizations, associations, and alliances related to global Enterprise Quantum Computer.
- Regulatory bodies
Recent Developments
- In August 2021, HORIZON Auto and Huawei Technologies signed an agreement to develop a long-term partnership, aiming to co-advance the ecosystem of intelligent vehicles to a higher level HOZON Auto’s press release.
- In May 2021, IBM to offer a quantum computing course on the NPTEL Platform and augment select NPTEL courses like data science and artificial intelligence (AI) with technical inputs that will help provide students with a current industry perspective.
- In April 2021, US officials have approved license applications valued hundreds of millions of dollars for China’s blocked telecom company Huawei Technologies Co. Ltd. to buy chips for its growing auto components business.
- In January 2020, IBM united with Daimler AG, the parent company of Mercedes-Benz, to extend the capacity and enhance the charging speed of batteries of electric vehicles. These companies used a quantum computer to model the dipole moment of three lithium-containing molecules. This leads to developing the next-generation lithium-sulfur (Li-S) batteries that will be more powerful, long-lasting, and cost-effective than lithium-ion batteries.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Component- Hardware
- Software
- Service
- Others
- Cloud
- On-premise
- Quantum Annealing
- Superconducting
- Trapped Ion
- Quantum Dot
- Machine Learning/Deep Learning/AI
- Optimization
- Simulation & Data Modelling
- Cyber Security Commercial
- Healthcare & Life Sciences
- IT & Telecom
- Manufacturing
- BFSI
- Energy & Utilities
- Aerospace & Defense
- Others
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
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Table Of Contents
Global Enterprise Quantum Computing Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Economic Factor Analysis
- Global Enterprise Quantum Computing Market Overview
- Market Size & Forecast, 2016-2027
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By Component
- Hardware
- Software
- Service
- Others
- By Deployment
- Cloud
- On-premise
- By Technology
- Quantum Annealing
- Superconducting
- Trapped Ion
- Quantum Dot
- By Application
- Machine Learning/Deep Learning/AI
- Optimization
- Simulation & Data Modelling
- Cyber Security Commercial
- By Industry
- Healthcare & Life Sciences
- IT & Telecom
- Manufacturing
- BFSI
- Energy & Utilities
- Aerospace & Defence
- Others
- By Region
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
- By Component
- Market Size & Forecast, 2016-2027
- Europe Enterprise Quantum Computing Market Overview
- Europe Enterprise Quantum Computing Size & Forecast, 2016-2027
- By Value (USD Million)
- Europe Enterprise Quantum Computing Market Share & Forecast, 2016-2027
- By Component
- Hardware
- Software
- Service
- Others
- By Deployment
- Cloud
- On-premise
- By Technology
- Quantum Annealing
- Superconducting
- Trapped Ion
- Quantum Dot
- By Application
- Machine Learning/Deep Learning/AI
- Optimization
- Simulation & Data Modelling
- Cyber Security Commercial
- By Industry
- Healthcare & Life Sciences
- IT & Telecom
- Manufacturing
- BFSI
- Energy & Utilities
- Aerospace & Defense
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Enterprise Quantum Computing Market
- By Component
- Europe Enterprise Quantum Computing Size & Forecast, 2016-2027
- North America Enterprise Quantum Computing Market Overview
- North America Enterprise Quantum Computing Market Size & Forecast, 2016-2027
- By Value (USD Million)
- North America Enterprise Quantum Computing Market Share & Forecast, 2016-2027
- By Component
- Hardware
- Software
- Service
- Others
- By Deployment
- Cloud
- On-premise
- By Technology
- Quantum Annealing
- Superconducting
- Trapped Ion
- Quantum Dot
- By Application
- Machine Learning/Deep Learning/AI
- Optimization
- Simulation & Data Modelling
- Cyber Security Commercial
- By Industry
- Healthcare & Life Sciences
- IT & Telecom
- Manufacturing
- BFSI
- Energy & Utilities
- Aerospace & Defense
- Others
- By Country
- US
- Canada
- Mexico
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Enterprise Quantum Computing Market
- By Component
- North America Enterprise Quantum Computing Market Size & Forecast, 2016-2027
- Asia Pacific Enterprise Quantum Computing Market Overview
- Asia Pacific Enterprise Quantum Computing Market Size & Forecast, 2016-2027
- By Value (USD Million)
- Asia Pacific Enterprise Quantum Computing Market Share & Forecast, 2016-2027
- By Component
- Hardware
- Software
- Service
- Others
- By Deployment
- Cloud
- On-premise
- By Technology
- Quantum Annealing
- Superconducting
- Trapped Ion
- Quantum Dot
- By Application
- Machine Learning/Deep Learning/AI
- Optimization
- Simulation & Data Modelling
- Cyber Security Commercial
- By Industry
- Healthcare & Life Sciences
- IT & Telecom
- Manufacturing
- BFSI
- Energy & Utilities
- Aerospace & Defense
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Enterprise Quantum Computing Market
- By Component
- Asia Pacific Enterprise Quantum Computing Market Size & Forecast, 2016-2027
- South America Enterprise Quantum Computing Market Overview
- South America Enterprise Quantum Computing Market Size & Forecast, 2016-2027
- By Value (USD Million)
- South America Enterprise Quantum Computing Market Share & Forecast, 2016-2027
- By Component
- Hardware
- Software
- Service
- Others
- By Deployment
- Cloud
- On-premise
- By Technology
- Quantum Annealing
- Superconducting
- Trapped Ion
- Quantum Dot
- By Application
- Machine Learning/Deep Learning/AI
- Optimization
- Simulation & Data Modelling
- Cyber Security Commercial
- By Industry
- Healthcare & Life Sciences
- IT & Telecom
- Manufacturing
- BFSI
- Energy & Utilities
- Aerospace & Defense
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Enterprise Quantum Computing Market
- By Component
- South America Enterprise Quantum Computing Market Size & Forecast, 2016-2027
- Middle East & Africa Enterprise Quantum Computing Market Overview
- Middle East & Africa Enterprise Quantum Computing Market Size & Forecast, 2016-2027
- By Value (USD Million)
- Middle East & Africa Enterprise Quantum Computing Market Share & Forecast, 2016-2027
- By Component
- Hardware
- Software
- Service
- Others
- By Deployment
- Cloud
- On-premise
- By Technology
- Quantum Annealing
- Superconducting
- Trapped Ion
- Quantum Dot
- By Application
- Machine Learning/Deep Learning/AI
- Optimization
- Simulation & Data Modelling
- Cyber Security Commercial
- By Industry
- Healthcare & Life Sciences
- IT & Telecom
- Manufacturing
- BFSI
- Energy & Utilities
- Aerospace & Defense
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Enterprise Quantum Computing Market
- By Component
- Middle East & Africa Enterprise Quantum Computing Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Alibaba Group Holding Limited
- D-Wave Systems Inc.
- Google LLC
- Huawei Technologies Co. Ltd.
- International Business Management Corporation (IBM)
- ID Quantique
- Intel Corporation
- Microsoft Corporation
- Rigetti & Co, Inc.
- Toshiba Research Europe Ltd.
- Other Prominent Players
Methodology
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Frequently Asked Questions (FAQ):
The primary use of the Quantum Computing market includes optimization and simulation. It is estimated to boost the demand for Quantum Computing, leading to USD 2 billion opportunities until 2027.
Enterprise Quantum Computing forecasted market size was valued at USD 355 Million in 2020 and is projected to reach USD 2655 Million by 2027.
The Global Enterprise Quantum Computing Market registering a compound annual growth rate of 27.5% from 2021 to 2027.
Based on the industry, the Global Enterprise Quantum Computing Market is segmented into Healthcare & Life Sciences, IT & Telecom, Manufacturing, BFSI, Energy & Utilities, and Aerospace & Defense.
The Asia Pacific region will hold a significant share in the Global Enterprise Quantum Computing Market. Due to the growing health care sector, various developments occurring to validate quantum computing in different countries like India and China will increase in the forecast period.
