High-Level Performance Needs Driving the Growth of Global Market for Quantum
Computing
Optimization and management of information, harvested within an organization or from different
parts of the world entails, entails the employment of efficient computing processes to handle everexpanding data workloads. To achieve this, enterprises or government-backed organizations are
adopting quantum computing, and processing data in qubits. Through quantum computing,
companies can search files across large databases instantaneously, assessing data quicker than
conventional computing.
Persistence Market Research’s new study on global market for quantum computing emphasizes the
monumental impact of rising need for high-level computing on the market’s growth. In 2017, the
global quantum computing market is anticipated to be valued at US$ 2.7 Bn. Governments of
developed and developing countries are investing in quantum computing to accelerate their research
operations, while commercialization of quantum computing is also gaining traction. On the grounds
of such drivers, more than US$ 23 Bn revenues are anticipated to be reaped through adoption of
quantum computing across the globe by the end of 2025. During this decadal forecast period, the
global market for quantum computing is expected to expand exponentially at a stellar CAGR of
30.9%.
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The study on global quantum computing market has analyzed the market on the basis of
components – hardware and software. With development of cloud-enabled quantum computing
platform, new software are expected to transform the market’s expansion even further. The demand
for effective quantum computing hardware is also expected to witness lucrative boost, although
manufacturers will be put to test while developing hardware with flexible computing abilities.
While sales of quantum computing hardware are presently dominating the market with more than
90%, their global revenue share is expected to drop to 84% by the end of 2025
The significant decline in quantum computing hardware will be balanced by surging adoption of
quantum computing software, revenues from which are anticipated to reflect fastest CAGR of
42.3%
According to the study, the competitive landscape of global quantum computing market is divided
into two tiers of computing vendors. With more than 90% share, tier 1 quantum computing vendors
are companies developing hardware, while the remaining 10% of the market is governed by
developers of quantum computing software applications. The top five players in the global quantum
computing market are profiled below:
Intel Corporation,
Microsoft Corporation,
Google Inc. (Alphabet Inc.),
D-Wave Systems Inc., and
IBM Corporation
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Companies such as 1QB Information Technologies Inc., QC Ware Corp., and QbitLogic are
observed to be leading developers of quantum computing software applications. Other key players
in the global quantum computing market include Rigetti Computing., Anyon Systems Inc.,
Cambridge Quantum Computing Ltd., IDQ, IonQ Inc., Quantum Circuits, Inc., Alibaba Quantum
Computing Laboratory, Nokia Bell Labs, Hewlett Packard, Booz Allen Hamilton Inc., Toshiba
Research Europe Ltd., USC Lockheed Martin Quantum Computation Center, , QuantumCTek Co.,
Ltd, SeeQC, SPARROW
QUANTUM A/S, QxBranch, and Qubitekk, Tokyo Quantum Computing.
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