Growth Advancements Of Quantum Computing for Enterprise Market 2020 usiness Outlook, Critical Insight

Market Size – USD 195.9 Million in 2019, Market Growth – at a CAGR of 47.3%, Market Trends – Rise in adoption of quantum computing in the automotive industry

The global quantum computing for enterprise market is forecast to reach a market size of USD 3,907.4 million by 2027 and register a steady revenue growth rate, according to the latest analysis by Emergen Research. The growth of the global quantum computing for enterprise market in terms of revenue is expected to increase substantially over the forecast period due to increasing global demand for quantum computing simulation for drug discovery and to identify new chemical compounds. The rising need to accelerate the learning process of artificial intelligence (AI) is also a major factor expected to further boost global quantum computing for enterprise market growth during the forecast period. Rising adoption of quantum computing in the automotive industry is expected to further support growth in market size in the future.

The Quantum Computing for Enterprise Market Research Report covers business strategies, qualitative and quantitative analysis, and emerging industry trends. It is a detailed and significant study. The study conducts a complete examination and analysis of the key elements of the global Quantum Computing for Enterprise market. The research analysts created this report after carefully examining the drivers, restraints, challenges, trends, and opportunities in the global Quantum Computing for Enterprise market.

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Competitive Terrain:

The global Quantum Computing for Enterprise industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Leading Market Players Profiled in the Report:

Google LLC, Baidu, Inc., Rigetti Co, Inc., International Business Machines Corporation, Microsoft Corporation, Intel Corporation, Alibaba Group Holding Limited, Accenture plc, ATT Inc., Atos SE

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Key Highlights of Report

  • Hardware segment is expected to lead in terms of revenue expansion at a CAGR of 47.5% during the forecast period. This high growth rate can be attributed to rising usage of qubits in quantum computing to program and manage qubits; an optimized hardware approach with significant standard hardware is necessary.
  • The cloud-based quantum computing segment is projected to account for largest market share over the forecast period due to growing use of cloud-based quantum computing for new drug discovery, risk management, supply chain optimization, and financial trading.
  • In terms of revenue contribution to the global quantum computing enterprise industry market, the simulation segment is projected to lead during the forecast period as a result of increasing application of quantum computing simulation for electric battery production and for the identification of chemical compounds.
  • Information technology segment is projected to account for relatively higher market share during the forecast period due to growing use of post-quantum cryptography for ensuring long-term security of digital systems.
  • Due to increasing government spending in quantum computing research and development activities, the North American market is projected to account for the highest revenue share among other regional markets in the region over the forecast period.

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Quantum Computing for Enterprise market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Quantum Computing for Enterprise market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Quantum Computing for Enterprise market.

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Market Overview:

The report bifurcates the Quantum Computing for Enterprise market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

  • Component Outlook (Revenue, USD Million; 2020–2027)
    • Software
    • Hardware
      1. Input/Output Subsystem
      2. Dilution Refrigerator
      3. Quantum Processing Unit
    • Service
      1. Support Maintenance
      2. Consulting
      3. Training
      4. Others
  • Deployment Outlook (Revenue, USD Million; 2020–2027)
    • Cloud-based Quantum Computing
    • Hybrid Quantum Computing
    • On-premises Quantum Computing
  • Application Outlook (Revenue, USD Million; 2020–2027)
    • Simulation
    • Machine Learning
    • Optimization
    • Others

Regional Outlook:

  • North America (the U.S., Canada, Mexico)
  • Europe (the U.K., Germany, France, Italy)
  • Asia Pacific (India, China, Japan, Korea)
  • Latin America (Brazil, Argentina, Ecuador, Chile)
  • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

Key reasons to buy the Global Quantum Computing for Enterprise Market report:

  1. The latest report comprehensively studies the global Quantum Computing for Enterprise market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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