Market Research Future Insights
According to MRFR analysis, the global Quantum Computing market is expected to register a CAGR of 31.3% from 2022 to 2030 and hold a value of over USD 4,851.8 million by 2030.
Quantum computing is a type of computing that is based on the principles of quantum mechanics, which is a fundamental theory in physics that describes the behavior of matter and energy at the atomic and subatomic levels. Quantum computers use quantum bits, or qubits, to store and process information. Quantum computers can perform certain types of calculations much faster than classical computers, which are based on traditional binary logic. The demand for quantum computing has remained relatively stable during the pandemic, as it is used in a variety of applications where high-performance computing is critical. However, the pandemic has disrupted some supply chains and there have been some delays in the development and deployment of quantum computing systems.
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Regional Analysis
North America is currently the leading region in the global quantum computing market and is expected to retain its position throughout the forecast period. This is mainly due to the presence of key technology providers such as IBM Corporation, Intel, Google, and several others, as well as well-established technology development centers in the region.
Other key factors driving market growth include increasing R&D investments in developing quantum computers, quantum computing applications, and maths.
Market Segmentation
The Global Quantum Computing market has been segmented into type, and application.
Based on the type, the market has been segmented into Hardware, Software, and Services.
Based on the application, the market has been segmented into Optimization, Machine Learning, Simulation, and Others.
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Key Players
Some key market players are IBM Corporation, Google, Microsoft Corporation, Huawei, Intel Corporation, D-Wave Systems Inc., Atom Computing, Inc, ColdQuant, Xanadu Quantum Technologies Inc, Zapata Computing, Inc, and Strangeworks, Inc.
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