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Global Quantum Computing Market 2017-2021

Global Quantum Computing Market 2017-2021

About Quantum Computing

Quantum computing is a technology that applies the laws of quantum mechanics to computational ability. It includes three states, namely 1, 0 as well as the superposition of 1 and 0. Superposition indicates that two states exist at the same time. These bits are known as quantum bits or qubits. The global quantum computing market consists of the hardware that is required to develop quantum computers and its peripherals.

Technavio’s analysts forecast the global quantum computing market to grow at a CAGR of 35.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global quantum computing market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales of quantum computers only.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Quantum Computing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • D-Wave Systems
  • Google
  • IBM
  • Intel
  • Microsoft
Other prominent vendors
  • 1QB Information Technologies
  • Anyon Systems
  • Cambridge Quantum Computing
  • ID Quantique
  • IonQ
  • QbitLogic
  • QC Ware
  • Quantum Circuits
  • Qubitekk
  • QxBranch
  • Rigetti Computing
Market driver
  • Increasing expenditure by stakeholders
  • For a full, detailed list, view our report
Market challenge
  • Quantum decoherence
  • For a full, detailed list, view our report
Market trend
  • Growth of AI and machine learning
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Quantum Computing Market 2017-2021

Technavio recognizes the following companies as the key players in the global quantum computing market: D-Wave Systems, Google, IBM, Intel, and Microsoft.

Other Prominent Vendors in the market are: 1QB Information Technologies, Anyon Systems, Cambridge Quantum Computing, ID Quantique, IonQ, QbitLogic, QC Ware, Quantum Circuits, Qubitekk, QxBranch, and Rigetti Computing.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growth of AI and machine learning. AI is a branch of science that deals with computers, machines, software, and computer-operated robots to think intelligently to find solutions for complex problems in a manner that is like how a human brain thinks. AI is applied to the projects that require a human's intellectual processes such as the ability to reason, derive conclusions from the past, and generalize certain learnings. Machine learning is a type of AI that allows computers to self-learn. When a computer is exposed to new data, it can analyze it, make decisions, grow, and learn from this data.”

According to the report, one of the major drivers for this market is increasing expenditure by stakeholders. There are different stakeholders in the market, namely governments and private enterprises, that have shown an increasing interest in quantum computing. Quantum computing will have potential applications in a variety of sectors such as aerospace and defense, civil aviation, cybersecurity, finance, healthcare, and logistics. The potential applications have compelled governments and companies to focus on developing quantum computers and related technologies. The investments by these stakeholders drive the global quantum computing market.

Further, the report states that one of the major factors hindering the growth of this market is quantum decoherence. Quantum decoherence is one of the major challenges that is faced by quantum computing firms. This is a process wherein a quantum state tends to become a classical computing bit. Any outside interference can lead to the destruction of the quantum state, which will make the bit transition into either a 0 or a 1 state. Outside interferences include heat, internal defects, and vibrations. This results in the loss of information that the qubits hold to the surroundings. Researchers are focusing on preserving superposition, which is the basis of quantum computing by delaying decoherence.

Companies Mentioned

D-Wave Systems, Google, IBM, Intel, and Microsoft. Other Prominent Vendors in the market are: 1QB Information Technologies, Anyon Systems, Cambridge Quantum Computing, ID Quantique, IonQ, QbitLogic, QC Ware, Quantum Circuits, Qubitekk, QxBranch, and Rigetti Computing.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global quantum computing market: Overview
    • Market size and forecast
      • Table Global quantum computing market by revenue: Realistic scenario 2017-2021 ($ millions)
      • Table Global quantum computing market by revenue: Optimistic scenario 2017-2021 ($ millions)
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by technology
    • Market overview
    • Superconducting loops technology
    • Trapped ion technology
    • Topological qubits technology
  • Market segmentation by end-user
    • Market overview
      • Table Global quantum computing market segmentation by end-user 2017-2021 (% share)
    • Aerospace and defense
    • Government
    • IT and telecom
    • Transportation
  • Future applications for quantum computing
    • Healthcare applications
    • Banking, financial services, and insurance (BFSI) applications
  • Geographical segmentation
    • Market overview
    • Americas
    • EMEA
    • APAC
  • Key leading countries
    • Table Key leading countries
    • US
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growth of AI and machine learning
    • Development of quantum networks
    • Increasing use of quantum photonics
    • Hybrid approach to developing quantum computing
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • D-Wave Systems
      • Table D-Wave Systems: Recent developments
    • Google
      • Table Google: Recent developments
    • IBM
      • Table IBM: Recent developments
    • Intel
      • Table Intel: Recent developments
    • Microsoft
      • Table Microsoft: Recent developments
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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