Global Quantum Computing Market Trends

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Global Quantum Computing Market Size, Share, and Trends Analysis Report Trends

  • Semiconductors and Electronics
  • Upcoming Report
  • Nov 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

“Advancements in Quantum Error Correction”

A significant trend in the quantum computing market is the development of quantum error correction (QEC) techniques. As quantum systems are highly susceptible to errors due to their sensitivity to external noise, QEC aims to ensure the reliability and scalability of quantum computers. Companies such as IBM and Google have made notable strides by integrating error-correcting codes into their quantum processors, which improves their stability and performance. IBM's development of the "Qiskit" framework, which includes error-correction algorithms, allows for more accurate calculations, moving closer to practical quantum computing. This trend plays a critical role in advancing quantum computing from theoretical to commercially viable systems.

Frequently Asked Questions

The market is segmented based on Segmentation, By System (Single Qubit Quantum System and Multiple Qubit System), Qubits (Trapped Ion Qubits, Semiconductor Qubits, and Super Conducting), Offering (Systems and Services), Deployment Model (On-Premises and Cloud), Component (Hardware, Software and Services), Application (Cryptography, Simulation, Parallelism, Machine Learning, Algorithms, and Others), Logic Gates (Toffoli Gate, Hadamard Gate, Pauli Logic Gates and Others), Verticals (Banking and Finance, Healthcare and Pharmaceuticals, Defense, Automotive, Chemical, Utilities, and Others) – Industry Trends and Forecast to 2032 .
The Global Quantum Computing Market size was valued at USD 10.40 USD Billion in 2024.
The Global Quantum Computing Market is projected to grow at a CAGR of 7% during the forecast period of 2025 to 2032.
The major players operating in the market include Honeywell International , Accenture, Fujitsu, Rigetti & Co , 1QB Information Technologies , IonQ, Atom Computing , ID Quantique, QuintessenceLabs, Toshiba Research Europe , Microsoft, Magiq Technologies , NEC Corporation, Anyon System , CAMBRIDGE QUANTUM COMPUTING LTD, QCWare, and Intel Corporation.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.