A rapidly evolving technology that links the laws of quantum mechanics, to solve very complex problems is known as quantum computing. Quantum computing machines are very fast processing as compared to commonly used computers in terms of data processing and collection. The superior handling comes from dividing the data into all values and compared to common computers that only break the data into 0 & 1 and no other value. Some of the quantum computing services include machine learning, cryptography, quantum simulation, and other algorithm development. These all allow quantum computing to be applied in various fields for generating better and more accurate results in a lower time frame which in turn is pushing the demand for the quantum computing market.
Market Overview:
Quantum Computing Market was valued at USD 490.51 Million in 2021, and it is expected to reach a value of USD 2,930.67 Million by 2028, at a CAGR of 30.70% over the forecast period (2022 – 2028).
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Top Key players operated in Global Quantum Computing Market:
- IBM Corporation (US)
- D-Wave System Inc. (Canada)
- Cambridge Quantum Computing Ltd. (UK)
- Intel Corporation (US)
- Rigetti & Co, Inc. (US)
- Google LLC (US)
- Quantica Computacao (India)
- Dematic (US)
- Krones AG (Germany)
- Zapata Computing (US)
- Xanadu (Canada)
- Accenture Plc. (Ireland)
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Key Offerings:
- Global Quantum Computing Market Size & Forecast by Revenue | 2022−2028
- Global Quantum Computing Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by Component, Deployment, Application, End-user, and Region.
- Competitive Landscape – Top key vendors and other prominent vendors
Global Quantum Computing Key Market Trends
- The growing use of AI and machine learning in various fields is demanding the use of quantum computing for the faster execution of algorithms and data optimization. This allows financial institutes to solve more complex problems and also gives a computational boost to other processes and other algorithms too. Raising investment in quantum computing research & development purpose is driving the industrial growth throughout the given period.
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