The Global Quantum Computing Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of global quantum market which consists of global, regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report “Global Quantum Computing Market Analysis, 2020”, the Global Quantum Computing market is anticipated to grow at a CAGR of around 39% during 2020-25. The advancement of machine learning and artificial intelligence, increasing demand from cryptocurrency applications, increasing investment by the healthcare industry in quantum computing are several key factors driving the global quantum computing market.
Numerical Simulation and Model Optimization Segments to Emerge as the Fastest Growing Segment
Based on application, the machine learning segment attributed to the largest market share in 2019. However, the demand for numerical simulation and model optimization is expected to attain significant growth during 2020-25, owing to the rapidly increasing need for resolving complex problems resulting from the escalating volume of criminal and unauthentic activities across the globe.
Increasing Investment by Private Companies Resulting in the Segment Growth
Based on the end-user segmentation, academia and the government research institutes led the global Quantum Computing market, as revealed by the MarkNtel Advisors’ research report “Global Quantum Computing Market Analysis, 2020”. However, the private companies segment is expected to attain the highest growth of around 40% during 2020-25, as private companies are increasingly investing in the development of Nano sensing technologies through new materials and semiconductors.
According to MarkNtel Advisors’, the key players with a considerable market share in the global quantum computing market include D-Wave Systems Inc., QxBranch, Microsoft, International Business Machines Corporation, Cambridge Quantum Computing Limited, etc. The companies are collaborating to expand the business of quantum computing globally. In 2018, Microsoft collaborated with QxBranch to enhance the development of quantum computing. In 2017, D-Wave Systems Inc. joined forces with Recruit Communications Co., Ltd. to apply quantum computing to marketing, advertising, and communication optimization.