Asia-Pacific Quantum Computing Market – Industry Trends and Forecast to 2028

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Asia-Pacific Quantum Computing Market – Industry Trends and Forecast to 2028

  • Semiconductors and Electronics
  • Upcoming Report
  • Nov 2021
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Asia Pacific Quantum Computing Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2021 –2028
Diagram Market Size (Base Year)
USD 245.30 Million
Diagram Market Size (Forecast Year)
USD 1,157.30 Million
Diagram CAGR
%
Diagram Major Markets Players
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Asia-Pacific Quantum Computing Market By System (Single Qubit Quantum System, Multiple Qubit System), Qubits (Trapped Ion Qubits, Semiconductor Qubits and Super Conducting), Offering (Systems, Services), Deployment Model (On-Premises, Cloud), Component (Hardware, Software and Services), Application (Cryptography, Simulation, Parallelism, Machine Learning, Algorithms, Others), Logic Gates (Toffoli Gate, Hadamard Gate, Pauli Logic Gates and Others), Verticals (Banking And Finance, Healthcare and Pharmaceuticals, Defense, Automotive, Chemical, Utilities, Others), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2028

Asia-Pacific Quantum Computing Market Market Analysis and Insights of Quantum Computing Market

Quantum computing market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the quantum computing market to exhibit a CAGR of 21.40% for the forecast period of 2021-2028. The rising workload on datacenters and the increasing complexity in processor designs of classical binary computing systems are the major factors attributable to the growth of quantum computing market. Therefore, the market value, which will be USD 1,157.30 million by 2028 from USD 245.3 million in 2020.

Quantum computing is an area of advanced developing computer technology study that harnesses the phenomena of quantum mechanics to deliver a huge leap forward in computation to solve certain problems. Quantum computing technology focuses on the development of technologies centered on the principles of quantum theory and quantum mechanics. Quantum computing is made up of qubits.

Growing awareness about the advantages of quantum computing technology such as its exponential speed for amplified optimization and vital calculations will emerge as the major factor driving market growth. Rising demand and application of this technology by the healthcare and pharmaceuticals industry will further aggravate the market growth rate. Rising research and development proficiencies and early adoption of quantum computing in the banking and finance sector are other important market growth determinants.

However, lack of awareness of quantum technology and dearth of trained expertise or skilled employees will act as major market growth restraints. The issues such as shortage of desired skillsets for quantum computing and stability and error correction issues will dampen the growth rate that further result as a challenge for the market.

 This quantum computing market report provides details of new recent developments, trade regulations, import export analysis, production However analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on quantum computing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Quantum Computing Market Scope and Market Size

The quantum computing market is segmented on the basis of system, qubits, offering, deployment model, component, application, logic gates and verticals. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

  • On the basis of system, the quantum computing market has been segmented into single qubit quantum system, multiple qubit system.
  • On the basis of qubits, the quantum computing market is segmented into trapped ion qubits, semiconductor qubits and super conducting.
  • On the basis of offering, the market is segmented into systems, services.
  • On the basis of deployment model, the quantum computing market is segmented into on-premises, cloud.
  • On the basis of component, the market is segmented into hardware, software and services.
  • On the basis of application, the quantum computing market is segmented into cryptography, simulation, parallelism, machine learning, algorithms, others.
  • On the basis of logic gates, the quantum computing market is segmented into toffoli gate, hadamard gate, pauli logic gates and others.
  • On the basis of verticals, the quantum computing market is segmented into banking and finance, healthcare & pharmaceuticals, defense, automotive, chemical, utilities, others.

Quantum Computing Market Country Level Analysis

The quantum computing market is analyzed and market size, volume information is provided by system, qubits, offering, deployment model, component, application, logic gates and verticals as referenced above.

The countries covered in the quantum computing market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific.

Emerging economies such as China, India, and Japan in Asia-Pacific region dominate the quantum computing market owing to the high investments for introducing cutting-edge technology , increasing application by the various industries and increasing research and development activities.

The country section of the quantum computing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Quantum Computing Market Share Analysis

The quantum computing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to quantum computing market.

The major players covered in the quantum computing market report are Honeywell International, Inc., Accenture, Fujitsu, Rigetti & Co, Inc., 1QB Information Technologies, Inc., IonQ, Atom Computing, Inc., ID Quantique, QuintessenceLabs, Toshiba Research Europe Ltd., Microsoft, The Xanadu, Magiq Technologies, Inc., NEC Corporation, Anyon System. Inc, CAMBRIDGE QUANTUM COMPUTING LTD, QCWare, Intel Corporation among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The market is segmented based on Asia-Pacific Quantum Computing Market By System (Single Qubit Quantum System, Multiple Qubit System), Qubits (Trapped Ion Qubits, Semiconductor Qubits and Super Conducting), Offering (Systems, Services), Deployment Model (On-Premises, Cloud), Component (Hardware, Software and Services), Application (Cryptography, Simulation, Parallelism, Machine Learning, Algorithms, Others), Logic Gates (Toffoli Gate, Hadamard Gate, Pauli Logic Gates and Others), Verticals (Banking And Finance, Healthcare and Pharmaceuticals, Defense, Automotive, Chemical, Utilities, Others), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2028 .
The Asia Pacific Quantum Computing Market size was valued at USD 245.30 USD Million in 2020.
The Asia Pacific Quantum Computing Market is projected to grow at a CAGR of 21.4% during the forecast period of 2021 to 2028.