Portland, OR, December 9, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the enterprise quantum computing market generated $ 1.37 billion in 2020 and is expected to reach $ 18.33 billion by 2030, with a CAGR of 29.7% from 2021 to 2030. The report offers a detailed analysis of changing trends in the economy. market, major segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Increased investment in quantum computing technology, demand for high performance computing, and demand for medical research and financial markets are driving the growth of the global enterprise quantum computing market. However, operational challenges along with stability and error correction issues are hampering the growth of the market. On the other hand, the advent of on-premise quantum computers for businesses and technological advancements create new opportunities in the years to come.
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- Various organizations around the world have adopted advanced IT techniques to improve their business processes in a context of transition to a “work from home” culture and improve operational efficiency.
- Countries have installed enterprise quantum computing applications and implemented various solutions to maintain operations in the health and life sciences industries.
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The report offers detailed segmentation of the global enterprise quantum computing market on the basis of component, deployment, technology, application, industry vertical, and region.
On a component basis, the hardware segment contributed the highest share in 2020, accounting for around half of the total share, and is expected to maintain its leading status during the forecast period. However, the services segment is expected to post the highest CAGR of 33.0% from 2021 to 2030.
On the basis of applications, the optimization segment held the largest share in 2020, contributing around a third of the total global market share. corporate quantum computing industry, and is expected to maintain its leadership position during the forecast period. However, the cybersecurity segment is estimated to experience the highest CAGR of 34.0% from 2021 to 2030.
Based on region, North America accounted for the highest share in 2020, contributing more than two-fifths of the total share, and is expected to continue to dominate in terms of income by 2030. However, it is estimated that Asia-Pacific represents the highest CAGR of 32.8% during the forecast period.
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The major global enterprise quantum computing market players analyzed in the research include Alibaba Group, Google, D-Wave Systems Inc., International Business Management Corporation (IBM), Huawei Technologies Co., Ltd., Intel Corporation, Quantum ID, Rigetti & Co, Inc., Microsoft and Toshiba Research Europe Ltd.
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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, leads the organization towards providing high quality data and information. We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.