Quantum Computing Market – Growth, Size, Share, Forecast, industry Analysis 2019 – 2027

(prsubmissionsite) November 26, 2019 – According to a new market research report published by Credence Research, “Quantum Computing Market (By Type (Quantum Annealing, Quantum Simulation, and Universal Quantum), By Application (Machine Learning, Optimization, Material Simulation, Financial Services, and Others), By Industry Verticals (Telecom & IT, Healthcare & Life Sciences, BFSI, Manufacturing, Aerospace & Defense, Energy & Utilities, and Others), By Geography (North America, Europe, Asia Pacific, and Rest of the World)) – Growth, Future Prospects, and Competitive Landscape, 2019 -2027”, the global quantum computing market is expected to reach US$ 7,635.38 Mn by 2027, expanding at a CAGR of 34.3% during the forecast from 2019 to 2027.

Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/quantum-computing-market

Market Insights

Quantum computing has introduced a new paradigm of computing with the potential to solve complex problems much faster than traditional computing methods. With the built-in superposition and entanglement properties, quantum computers can deliver results exponentially faster than traditional computers. In addition, new technology will accelerate the development of new breakthrough technologies in the fields of medicine, engineering, material analysis, machine learning, financial planning, and many other applications. Some researchers are actively working with industry leaders to discover new, best-suited applications of quantum computing.

The global quantum computing market is bifurcated by type, application, industry verticals and regions. Optimization and product modeling are the most lucrative technology areas and are expected to accelerate market growth substantially in the coming years. Increased demand for the development of new materials and molecules in the chemical, health, and agricultural sectors.

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Similarly, exponential growth in logistics and traffic has forced software vendors to implement advanced route optimization computing methods. For example, Volkswagen, in partnership with D-Wave Systems Inc., successfully experimented with quantum computing for traffic reduction in Beijing, China, in March 2017.

The global quantum computing market for North America, Europe, Asia Pacific and the rest of the world is analyzed by geography. North America has dominated the global quantum computing market with an impressive outlook in the near future. Technology advancement in the region is a major driver of growth. In addition, a significant investment portfolio of both public and private investors in the R&D sector has a positive impact on the regional market. As of July 2019, some of the top-funded companies in North America include D-Wave Systems Inc. with a total funding of US$ 210 million, Rigetti Computing with US$ 119 million, and Silicon Quantum Computing with US$ 66 million.

Some of the prominent players entitled in the Global Quantum Computing Market report include D-Wave Systems Inc., International Business Machines Corporation, Google Inc., 1QB Information Technologies, Microsoft Corporation, QX Branch, Cambridge Quantum Computing Limited, QC Ware Corp., Rigetti Computing, and River Lane Research among others.

You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/60007

The global market for quantum computing is highly competitive. Quantum pioneers are developing new business strategies to maintain their position as market leaders. Apart from a significant strategic partnership, industry innovation giants are investing heavily in start-up players. For instance, some of the mainstream investors such as Google Ventures, Amazon Inc., Sequoia Capital, A16z, Goldman Sachs and other venture capitalists have invested in nearly 16 startups for the year 2018 and the number is expected to increase in the coming years.