Enterprise Quantum Computing Market Scope
Growing Demand for High Performance Computing will help to boost global enterprise quantum computing market. Quantum computer is basically dissimilar than conventional & supercomputers and use the technology based on quantum phenomena. Quantum computers are established on the principle of superposition which permits them to reach high computational power required for advanced applications including cryptography, machine learning and drug discovery. Quantum computing application developers have ongoing testing encryption algorithms with quantum keys which is probable to offer protected encryption for the security of data against the computational power of future systems. Moreover, quantum computing implements complex calculations expertly when compared with classical computers and this factor majorly fuels the growth of the enterprise quantum computing market application all over the world. There are various applications of enterprise quantum computing including machine learning/deep learning, optimization of traffic, financial analysis, simulation & data modelling, cyber security, and others.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Alibaba Group Holding Limited (China), Intel Corporation (United States), Microsoft Corporation (United States), D-Wave Systems Inc. (Canada), Google LLC (United States), International Business Management Corporation (IBM) (United States), Cisco Systems (United States), Huawei Technologies Co. Ltd. (China), ID Quantique (Switzerland) and Rigetti & Co, Inc. (United States) |
CAGR | 8.1% |
Research Analyst at AMA estimates that North American Players will contribute to the maximum growth of Global Enterprise Quantum Computing market throughout the predicted period.
Alibaba Group Holding Limited (China), Intel Corporation (United States), Microsoft Corporation (United States), D-Wave Systems Inc. (Canada), Google LLC (United States), International Business Management Corporation (IBM) (United States), Cisco Systems (United States), Huawei Technologies Co. Ltd. (China), ID Quantique (Switzerland) and Rigetti & Co, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Toshiba Research Europe Ltd. (United Kingdom), Cambridge Quantum (United Kingdom) and QC Ware Corp. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Enterprise Quantum Computing market by Type , by Application (Machine Learning/Deep Learning/AI, Optimization, Simulation & Data Modelling and Cyber Security) and Region with country level break-up.
On the basis of geography, the market of Enterprise Quantum Computing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In December 2023,Isovalent, Inc. was founded by creators of eBPF and the team behind the creation of Cilium and Tetragon, the leading cloud native solutions leveraging eBPF technology. Together, Cisco and Isovalent will build on the power of Cilium and Tetragon to create multicloud security and networking capabilities that are truly unique. Isovalent’s Cilium Mesh complements Cisco software-defined networking solutions and together would give customers seamless and secure networking from the branch office to the data center, to the public cloud, using one continuous mesh.
In October 2023,Aliro Quantum today announced that Cisco Investments has joined its recently announced round of funding. Cisco joins Accenture Ventures and lead investor Flybridge Leaders Fund to invest in Aliro Quantum. With this investment, Aliro Quantum will increase funding in research and development as well as expand its go-to-market programs and professional services offerings.
Influencing Trend:
Increase in Requirement for Secure Computing Platforms and Growing In Use of Simulation As Well As Modeling in Quantum Computing
Market Growth Drivers:
Rising Adoption in Investments in Quantum Computing Technology, Upsurge in Demand for High Performance Computing and Growth in Demand from Medical Research and Financial Industry
Challenges:
physical resources to quickly manufacture high-quality, quantum-ready components for enterprise usage at a reasonable cost
Restraints:
Rising Concern about Error Correction Issues and Operational Challenges and Stability Associated With Quantum Computing
Opportunities:
Emergence of On-Premises Quantum Computers for Businesses and Technological Advancements
Key Target Audience
Technology Investors, Quantum Computer Manufacturers, Quantum Dots Manufacturers, Government Agencies, Educational Institutes, Developers and Platform Providers, Research/Consultancy Firms, Government Regulatory Bodies, Government and Private Research Organizations and Others