Quantum Computing Market Report Forecasts Exponential Growth by 2022 - Scalar Market Research

Quantum computing is used in various industries such as defense, healthcare, banking, and many more. With so many applications, the global quantum computing market is growing at a fast-pace. Quantum computers can solve problems that the traditional computers are unable to solve. Medical science is also making use of quantum computing technology and boosting the market growth. This report studies the current and future aspects of the quantum computing market.

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The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the quantum computing market. The scope of this report covers the quantum computing market by its major segments, which include the types, applications, and the major geographic regions.

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KEY PREMIUM INDUSTRY INSIGHTS

1. The global quantum computing market is growing at a steady pace during the forecasted period because of rise in cybercrime. Quantum computing ensures a safer and faster transaction which is contributing towards the market growth.

2. Quantum computing is also gaining popularity in energy and power industry specifically in nuclear and renewable sectors, which is creating newer growth opportunities for the market.

3. Due to advancement in technology there is huge investment made for the research and development activities which is contributing towards the growth of the quantum computing market.

The global quantum computing market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor for the quantum computing market. The region is dominant because of increasing demand for quantum computing technology to solve complex issues in banking and defense industry. Next in line is the Asia Pacific region, which is witnessing a rapid market growth due to industrialization and need for quantum computing to fulfill needs of advancing technology.

KEY MARKET PLAYERS

Key players in the quantum computing market include:

1. Wave Systems Inc.
2. Qxbranch, LLC
3. International Business Machines Corporation (IBM)
4. Cambridge Quantum Computing Ltd
5. 1qb Information Technologies Inc.
6. QC Ware Corp.
7. Magiq Technologies Inc.
8. Station Q - Microsoft Corporation
9. Rigetti Computing
10. Research at Google – Google Inc.

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