The Quantum Computing Market size was estimated at USD 1.01 billion in 2022 and expected to reach USD 1.23 billion in 2023, at a CAGR 23.71% to reach USD 5.55 billion by 2030.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Quantum Computing Market.

  • Based on Technology, market is studied across Quantum Annealing, Superconducting Qubits, Topological and Photonic, and Trapped Ions. The Superconducting Qubits commanded largest market share of 23.86% in 2022, followed by Topological and Photonic.

  • Based on Deployment, market is studied across Cloud-Based and On Premise. The Cloud-Based commanded largest market share of 59.94% in 2022, followed by On Premise.

  • Based on Offering, market is studied across Consulting, Quantum Computing as a Service (QCaaS), Services, and Systems. The Systems commanded largest market share of 28.51% in 2022, followed by Consulting.

  • Based on End-Use, market is studied across Banking & Finance, Chemicals, Energy & Power, Healthcare & Pharmaceuticals, and Space & Defense. The Banking & Finance commanded largest market share of 25.79% in 2022, followed by Space & Defense.

  • Based on Application, market is studied across Machine Learning, Optimization, Quantum Chemistry, Quantum Finance, and Simulation. The Machine Learning commanded largest market share of 33.29% in 2022, followed by Quantum Finance.

  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.29% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Quantum Computing Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Quantum Computing Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Quantum Computing Market, highlighting leading vendors and their innovative profiles. These include 1QB Information Technologies Inc., Alibaba Group Holding Limited, Amazon Web Services, Inc., Anyon Systems, Inc., Atom Computing, Inc., Atos SE, Baidu, Inc., ColdQuanta, Inc., D-Wave Systems Inc., Fujitsu Limited, Google LLC by Alphabet Inc., Intel Corporation, International Business Machines Corporation, IonQ Inc., ISARA Corporation, Microsoft Corporation, Nvidia Corporation, QC Ware, QSimulate, Quantinuum Ltd., Quantum Circuits, Inc., Quantum Corporation, Rigetti & Co, Inc., Riverlane Ltd, Silicon Quantum Computing, Strangeworks Inc., Toshiba Corporation, Xanadu Quantum Technologies Inc., and Zapata Computing, Inc..

The report offers valuable insights on the following aspects:

  1. Market Penetration: It provides comprehensive information about key players’ market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast for the Quantum Computing Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Quantum Computing Market?
  3. What is the competitive strategic window for identifying opportunities in the Quantum Computing Market?
  4. What are the latest technology trends and regulatory frameworks in the Quantum Computing Market?
  5. What is the market share of the leading vendors in the Quantum Computing Market?
  6. Which modes and strategic moves are suitable for entering the Quantum Computing Market?