Quantum Computing for Enterprise Market Growth, Recent Trends, Industry Analysis, Outlook, Insights, Share and Forecasts Report 2027

September 1, 2021

The best of both research techniques including qualitative and quantitative are applied to gauge the market size, share, and growth rate. The global quantum computing for enterprise market reached a market size of USD 195.9 Million in 2019, and is expected to reach a USD 3,907.4 Million by 2027, and register a CAGR of 47.3% in terms of revenue during the forecast period. The global quantum computing for enterprise market revenue is expected to increase significantly during the forecast period due to increasing demand for quantum computing simulation for drug discovery and for identifying new chemical compounds.

The Global Quantum Computing for Enterprise Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2020-2027. The report studies the historical data of the Quantum Computing for Enterprise Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Quantum Computing for Enterprise Market industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Quantum Computing for Enterprise Market.

The study on the Global Quantum Computing for Enterprise Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Quantum Computing for Enterprise Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Quantum Computing for Enterprise Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Quantum Computing for Enterprise Market industry.

Segments Covered in this Report

Component Outlook (Revenue, USD Million; 2020–2027)

Software

Hardware

Input/Output Subsystem

Dilution Refrigerator

Quantum Processing Unit

Service

Support & Maintenance

Consulting

Training

Others

Deployment Outlook (Revenue, USD Million; 2020–2027)

Cloud-based Quantum Computing

Hybrid Quantum Computing

On-premises Quantum Computing

Application Outlook (Revenue, USD Million; 2020–2027)

Simulation

Machine Learning

Optimization

Others

End-use Outlook (Revenue, USD Million; 2020–2027)

Aerospace

Agriculture

Automotive

Energy

Finance

Gaming

Healthcare

Information Technology

Investment

Life Science

Logistics

Manufacturing

Oil& Gas

Telecommunication

Transportation

Regional Outlook (Revenue, USD Million; 2020–2027)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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Regional Landscape

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Highlights of Report

Hardware segment is expected to lead in terms of revenue expansion at a CAGR of 47.5% during the forecast period. This high growth rate can be attributed to rising usage of qubits in quantum computing to program and manage qubits; an optimized hardware approach with significant standard hardware is necessary.

The cloud-based quantum computing segment is projected to account for largest market share over the forecast period due to growing use of cloud-based quantum computing for new drug discovery, risk management, supply chain optimization, and financial trading.

In terms of revenue contribution to the global quantum computing enterprise industry market, the simulation segment is projected to lead during the forecast period as a result of increasing application of quantum computing simulation for electric battery production and for the identification of chemical compounds.

Information technology segment is projected to account for relatively higher market share during the forecast period due to growing use of post-quantum cryptography for ensuring long-term security of digital systems.

Due to increasing government spending in quantum computing research and development activities, the North American market is projected to account for the highest revenue share among other regional markets in the region over the forecast period.

Key market participants include Google LLC, Baidu, Inc., Rigetti & Co, Inc., International Business Machines Corporation, Microsoft Corporation, Intel Corporation, Alibaba Group Holding Limited, Accenture plc, AT&T Inc., and Atos SE.

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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