The quantum computing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Quantum Computing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The quantum computing market size has grown exponentially in recent years. It will grow from $1.83 billion in 2023 to $2.57 billion in 2024 at a compound annual growth rate (CAGR) of 40.2%. The growth in the historic period can be attributed to theoretical foundations of quantum mechanics, pioneering concepts in quantum information theory, funding, and investment.
The quantum computing market size is expected to see exponential growth in the next few years. It will grow to $10.04 billion in 2028 at a compound annual growth rate (CAGR) of 40.6%. The growth in the forecast period can be attributed to research initiatives and partnerships, education and workforce development, regulatory and policy frameworks, and quantum communication and networking. Major trends in the forecast period include exponential growth in qubit counts, commercialization and industry adoption, and hybrid quantum-classical computing.
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Scope Of Quantum Computing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Quantum Computing Market Overview
Market Drivers –
The rising investments in quantum computing startups are expected to propel the growth of the quantum computing market going forward. Quantum computing startups specialize in developing and commercializing quantum computing technology. The increasing investments in quantum computing startups are due to government support and the potential for disruptive innovation. The growing investments in quantum computing startups stem from its revolutionary potential to unlock new commercial opportunities and generate economic value across various industries. For instance, in October 2023, according to the FINRA, a US-based non-profit organization that regulates the financial sector in the United States, the investments in quantum computing startups (hardware and software) reached record highs of $2.35 billion in 2022, which is a significant increase compared to previous two years. Therefore, the rising investments in quantum computing technology are driving the growth of the quantum computing market.
Market Trends –
Major companies operating in the portable car vacuum cleaner market are focused on developing innovative products, such as car vacuum cleaners with blower capabilities, to ensure efficient and effective cleaning processes. A car vacuum cleaner with blower capabilities is a portable cleaning device designed specifically for vehicles, equipped with both vacuuming and blowing functions. For instance, in February 2024, Fanttik, a Luxembourg-based company offering outdoor and automotive products, launched the Fanttik Slim V9 Mix and the upgraded Fanttik Slim V8 Apex, two unique car vacuum cleaners with blower capabilities. The Fanttik Slim V8 Apex improves cleaning performance dramatically. Notably, with the versatile capabilities of vacuuming, blowing, inflating, and pumping, it is ideal for all outdoor and interior demands to keep automobiles and places spotless. The Push-in Brush, Flexible Hose, Multi-Surface Brush, and Pet Brush are the most versatile cleaners, perfect for cleaning carpets, removing pet hair from fabric surfaces, and reaching tight areas. The portable vacuum has a long blow nozzle designed for outdoor use and can inflate air beds, swim rings, yoga balls, and more. The Slim V9 Mix redefines precise cleaning with its specialist attachments for deep cleaning that can reach air vents, car seats, and nooks without missing any trash.
The quantum computing market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Deployment: On-Premises, Cloud
3) By Technology: Trapped Ions, Quantum Annealing , Superconducting Qubits, Other Technologies
4) By Application: Optimization, Simulation, Machine Learning, Other Applications
5) By End User: Healthcare, Banking, Financial Service and Insurance (BSFI), Automotive, Energy and Utilities, Chemical, Manufacturing, Others End Users
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Regional Insights –
Asia Pacific was the largest region in the quantum computing market in 2023. The regions covered in the quantum computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the quantum computing market are Google LLC, Intel Corporation, International Business Machines Corporation , Honeywell , Atos Quantum, PsiQuantum Corporation, Quantum Machines Technologies Ltd, Pasqal, Xanadu Quantum Technologies Inc, Quantum Brilliance Pty Ltd, Zapata Computing Inc, Riverlane Ltd, Quantum Circuits Inc , Quantum Motion Technologies Inc, IonQ Inc, Cambridge Quantum Computing Limited, Seeqc Inc, Q-CTRL, D-Wave Systems Inc, Rigetti Computing, QuEra Computing Inc, Qubitekk Inc, Bleximo Corporation, Anyon Systems Inc, Classiq Technologies Inc
Table of Contents
1. Executive Summary
2. Quantum Computing Market Characteristics
3. Quantum Computing Market Trends And Strategies
4. Quantum Computing Market – Macro Economic Scenario
5. Global Quantum Computing Market Size and Growth
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32. Global Quantum Computing Market Competitive Benchmarking
33. Global Quantum Computing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Quantum Computing Market
35. Quantum Computing Market Future Outlook and Potential Analysis
36. Appendix
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