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Global Quantum Computing Market to be Driven by Growing End Use Sectors in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Quantum Computing Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026’, gives an in-depth analysis of the Global Quantum Computing Market assessing the market based on its segments like offering, application, end use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 393.3 Million
  •  
  • Forecast CAGR (2021-26): 8%
  •  
  • Forecast Market Size (2026): USD 1798 Million

The services category is expected to hold a considerable part of the market based on its offerings. This is due to the increasing use of quantum computing as a service (QCaaS) in industries such as healthcare and pharmaceuticals, chemicals, defence, and banking, among others. Quantum computers are extremely quick and efficient, capable of doing calculations in milliseconds. As a result, they are widely employed in many businesses, particularly in the BFSI sector, to speed up procedures. Meanwhile, the market has benefited from the increased usage of this technology in optimisation, simulation, and machine learning applications in various end-use sectors to achieve optimal utilisation cost.

Industry Definition and Major Segments

Quantum computing is an area of computer science that focuses on building computer technology based on quantum theory ideas. It is the use of quantum state collective features like superposition and entanglement to accomplish computation.

Explore the full report with the table of [email protected]  https://www.expertmarketresearch.com/reports/quantum-computing-market

On the basis of offering, the market is segmented into:

Based on application, the product can be segmented into:

  • Optimisation
  •  
  • Simulation
  • Machine Learning
  •  
  • Others

The industry finds its end use into:

  • Healthcare and Pharmaceuticals
  •  
  • Chemicals
  • Defence
  •  
  • BFSI
  •  
  • Energy and Power
  •  
  • Others

The report also covers regional market like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Market Trend

The global quantum computing business is being propelled forward by rising demand in a variety of end-user industries, including defence, financial services, and others. Rapid technical breakthroughs and a rising reliance of many industries on sophisticated computing technologies to solve complicated problems that even today’s most powerful supercomputers cannot handle are driving market expansion. Health and pharmaceuticals, chemicals, energy and electricity, and other growing sectors in emerging economies are all contributing considerably to the industry’s growth. The government’s increasing investments in quantum computing technology in order to develop improved solutions and expand their knowledge base related to the technology will accelerate the market growth.

Key Market Players

The major players in the market are Microsoft Corporation, IBM Corporation, Intel Corporation, Google Inc., and D-Wave Systems Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Content Source

Tags: Quantum Computing Market Growth, Quantum Computing Market Analysis, Quantum Computing Market Size, Quantum Computing Market Demand, Quantum Computing Market Forecast, Quantum Computing Market Share, Quantum Computing Market Trends, Quantum Computing Market

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Contact Information:

Company Name: EMR Inc.

Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.

Email: [email protected]

Toll Free Number: +1-415-325-5166 | +44-702-402-5790

Address: 30 North Gould Street, Sheridan, WY 82801, USA

City: Sheridan

State: Wyoming

Country: United States

Website: https://www.expertmarketresearch.com

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Reportedtimes, Menafn, Financial Content, PR-Wirein, Extended Distribution, Research Newswire, English

Contact Information:

Company Name: EMR Inc.

Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.

Email: [email protected]

Toll Free Number: +1-415-325-5166 | +44-702-402-5790

Address: 30 North Gould Street, Sheridan, WY 82801, USA

City: Sheridan

State: Wyoming

Country: United States

Website: https://www.expertmarketresearch.com