Middle East and Africa 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 (South Africa, U.A.E, Israel, Egypt, Saudi Arabia and Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
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 25.20% 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 894.71 million by 2028 from USD 148.2 million in 2020
Quantum computing is an area of advanced developing computer technology study that harnesses the phenomena of quantum mechanics that helps facilitate new discoveries in various sectors. Quantum computing technology processes information at atomic and sub atomic level through quantum computers and focuses on the development of technologies centered on the principles of quantum theory and quantum mechanics.
Growing awareness about the advantages of quantum computing technology such as its exponential speed for amplified optimization and vital calculations and rise in investments in quantum computing technology 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. Surge in number of strategic partnerships and collaborations to carry out advancements, 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 South Africa, U.A.E, Israel, Egypt, Saudi Arabia and Rest of Middle East and Africa.
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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