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QUANTUM COMPUTING

Global Market Trajectory & Analytics

MCP14309

VALIDATED EXECUTIVE ENGAGEMENTS

POOL + OUTREACH

24772
Number of executives repeatedly engaged by snail & email outreach

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2229
Interactions with Platform & by Email

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493
Unique # Participated

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Responses Validated*
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DATE

AUGUST 2020

TABLES

68

PAGES

493

EDITION

8

PRICE

USD $4950


The global market for Quantum Computing is projected to reach US$513.3million by the year 2027, trailing a CAGR of 24.2% over the analysis period 2020 through 2027. Moore's Law is ending and will no longer be able to support & fuel chip innovation. Need for computing power continues to grow exponentially as automation, AI and machine learning take flight. Quantum computing offers a fundamentally different way of processing information effectively by exploiting the unique ability of subatomic particles to exist in more than one state at any one time. The technology is humanity's only hope for unlocking unimaginable computational power. Quantum computers can operate at breakneck speeds; juggle multiple computations & solve problems with game changing benefits for markets & industries. Classically intractable problems will be solvable i.e. drugs will be developed faster; predictive analytics will be accurate; AI will become more human; cryptography & son line security will become virtually breakable; stock markets will witness high frequency trading.


The market is set to scale new heights owing to its sheer processing power and intriguing ramifications for swathes of industries. The market is primarily steered by increasing government and private funding on research programs intended to leverage quantum computing for information processing and other applications. The market is being significantly influenced by major strategic developments, most notably in North America. On the other hand, private players are investing heavily in quantum computing to attain foothold in the promising market. Factors such as increasing incidents of cybercrime coupled with growing adoption of emerging technologies such as machine learning, smart manufacturing, cloud computing and molecular structure research are anticipated to set a perfect stage for growth of the quantum computing market. While increasing application in sectors like defense, healthcare, chemicals and banking are favoring the market, availability of fault-tolerance systems and efforts to leverage quantum computing for realistic programs are expected to fuel the market growth. Quantum computing is anticipated to hold a critical role in supporting new applications and technologies such as artificial intelligence, edge computing, big data analytics, IoT and smart city projects. The technology is also used in cryptography for quantum-encrypted, secure communications, creating strong prospects for the market expansion. On the flip side, lack of sufficient expertise and knowledge regarding quantum computing techniques is expected to hinder the market growth.


The United States accounts for the largest revenue share, and is estimated to maintain its strong position in the coming years supported by increasing focus of government agencies and the defense and aerospace sectors on quantum computing to leverage machine learning and AI. The region is witnessing massive investments and efforts to develop resources and infrastructure to support quantum computing. Leading companies such as IBM, Microsoft and Google are making efforts to develop and commercialize the technology. The US is investing around $420 million per year for dominating the space, and has passed the National Quantum Initiative Act (NQI Act) in 2019 to authorize an investment of over $1.2 billion in quantum technology and science over the next 5-10 years. On the other hand, D-Wave Systems Inc., a Canada-based developer of quantum computing systems, commercialized quantum computers by launching D-Wave One system. Fueled by these developments, the quantum computing market in North America is projected to register phenomenal CAGRs over 2020-2027 analysis period. Europe is likely to emerge as a major force in the global quantum computing market due to increasing number of companies targeting the technology. The EU and the UK have announced various national programs to expedite R&D related to quantum computing. Among the developing regions, Asia-Pacific is estimated to witness a notable expansion owing to increasing adoption of the technology in the BFSI sector. These computers are finding increasing implementation in countries such as Japan and China for optimizing business tasks. In addition, rising applications across sectors like energy, defense, pharmaceuticals, healthcare and chemicals in various countries, mainly Japan and South Korea, are anticipated to further augment the regional market. Asia-Pacific is likely to receive a significant impetus from China that is estimated to occupy the second-leading share of the global market. China is working on an ambitious quantum information science research project and channelizing efforts to develop quantum computing and communications. The country has invested US$10 billion to establish the National Laboratory for Quantum Information Sciences in Hefei.

1qb Information Technologies Inc.; Accenture; Cambridge Quantum Computing Ltd.; D-Wave Systems Inc.; Evolutionq Inc.; Fujitsu Ltd.; Google LLC; Hewlett Packard Enterprise Development LP (HPE); Hitachi Ltd.; IBM Corporation; Intel Corporation; MagiQ Technologies, Inc.; Microsoft Corporation; Nippon Telegraph and Telephone Corporation; Northrop Grumman Corporation; QC Ware Corp.; Quantum Circuits, Inc.; Qxbranch, LLC.; Rigetti Computing; Toshiba Corporation
» Application (Material Simulation, Optimization, Other Applications) » End-Use (Space & Defense, Transportation, Healthcare, Banking & Finance, Other End-Uses)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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05
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
An Introduction to Quantum Computing: Innovative Concept to Reset the Realm of Computing Power
Merits of Quantum Computing
Taking a Quantum Leap with Increasing R&D Funding: Market Overview and Outlook
EXHIBIT: World Quantum Computing Market by End-Use (2020 & 2027): Percentage Breakdown of Revenues for Space & Defense, Transportation, Healthcare, Banking & Finance, and Other End-Uses
Analysis by Application: Material Simulation Occupies Major Share of Quantum Computing Market
EXHIBIT: World Quantum Computing Market by Application (2020 & 2027): Percentage Breakdown of Revenues for Material Simulation, Optimization, and Other Applications
Regional Analysis: United States Leads the Quantum Computing Market
EXHIBIT: World Quantum Computing Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
EXHIBIT: World Quantum Computing Market - Geographic Regions Ranked by CAGR (Revenues) for 2020-2027: China, Asia-Pacific, USA, Canada, Europe, Rest of World and Japan
Competitive Landscape: Leading Innovators and Investors in Quantum Computing Domain
Recent Market Activity
Select Innovations
2. FOCUS ON SELECT PLAYERS
WORLD BRANDS
3. MARKET TRENDS & DRIVERS
Space & Defense: Largest End-Use Sector
Current Slowdown in Defense Spending Impacts Market
EXHIBIT: Expected Military Budget Cuts Emerges as a Setback for Quantum Computing in Defense Applications: UK & Japan Defense Budgets: A Pre & Post COVID-19 Comparison (In US$ Billion)
Transportation Sector: Fastest Growing Sector
Sluggish Trend in Automotive & Aviation Sectors Hampers Current Prospects
EXHIBIT: Global Airlines Performance by Region: 2020 Vs 2019
EXHIBIT: Expected Revenue Losses in Global Aviation (In US$ Billion) for April, July & December 2020
EXHIBIT: Global Fleet of Commercial Aircraft in 2036 by Region (in Units)
EXHIBIT: Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
EXHIBIT: Reduction in Automotive Demand in 2020 (In Million Vehicles)
EXHIBIT: World Automobile Production in Million Units: 2008-2022
Quantum Computers Exude Potential to Help Healthcare & Lifesciences Communities
EXHIBIT: World Healthcare Expenditure (In US$ Billion) for the Years 2017, 2019, 2021 & 2023
Quantum Computing Set to Transform Finance & Banking Landscape with Remarkable Processing Power
Quantum Computing Presents New Paradigm to Optimize Energy Infrastructure
EXHIBIT: Global Primary Energy Consumption (Billion Toe): Growth Trajectory for the Period 1990-2040
EXHIBIT: Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
Quantum Computing Holds Significant Ramifications for Chemical Industry
Quantum Computing to Hold Fundamental Role in Delivery of Quality IoT Services
EXHIBIT: Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
EXHIBIT: Global IoT Spending: Percentage Breakdown by Industry Vertical for the Years 2018 and 2022
Quantum Cryptography Elevates the Overall Momentum in Quantum Computing
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Quantum Computing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World 7-Year Perspective for Quantum Computing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
World Current & Future Analysis for Material Simulation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World 7-Year Perspective for Material Simulation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Optimization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World 7-Year Perspective for Optimization by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Space & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World 7-Year Perspective for Space & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World 7-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World 7-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Banking & Finance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World 7-Year Perspective for Banking & Finance by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
World 7-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Overview
Heavy Investments by Private Companies to Accelerate Market Growth
USA Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
USA 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2020 & 2027
USA Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
USA 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2020 & 2027
CANADA
Canada Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Canada 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2020 & 2027
Canada Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Canada 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2020 & 2027
JAPAN
Market Overview
Japan Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Japan 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2020 & 2027
Japan Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Japan 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2020 & 2027
CHINA
Market Overview
China Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
China 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2020 & 2027
China Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
China 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2020 & 2027
EUROPE
Strong R&D Focus Strengthens Market Prospects
Quantum Initiatives in the European Region
Europe Current & Future Analysis for Quantum Computing by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027
Europe 7-Year Perspective for Quantum Computing by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
Europe Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Europe 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2020 & 2027
Europe Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Europe 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2020 & 2027
FRANCE
France Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
France 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2020 & 2027
France Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
France 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2020 & 2027
GERMANY
Germany Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Germany 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2020 & 2027
Germany Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Germany 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2020 & 2027
ITALY
Italy Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Italy 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2020 & 2027
Italy Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Italy 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2020 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
UK 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2020 & 2027
UK Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
UK 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2020 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Rest of Europe 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2020 & 2027
Rest of Europe Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Rest of Europe 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2020 & 2027
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Asia-Pacific 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2020 & 2027
Asia-Pacific Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Asia-Pacific 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2020 & 2027
REST OF WORLD
Rest of World Current & Future Analysis for Quantum Computing by Application - Material Simulation, Optimization and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Rest of World 7-Year Perspective for Quantum Computing by Application - Percentage Breakdown of Value Sales for Material Simulation, Optimization and Other Applications for the Years 2020 & 2027
Rest of World Current & Future Analysis for Quantum Computing by End-Use - Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
Rest of World 7-Year Perspective for Quantum Computing by End-Use - Percentage Breakdown of Value Sales for Space & Defense, Transportation, Healthcare, Banking & Finance and Other End-Uses for the Years 2020 & 2027
Total Companies Profiled : 111

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