Market Insights and Analysis: Global Quantum Computing Market Overview and Projections (2023-2028)

The Global Quantum Computing Market is projected to grow at a CAGR of around 39% during the forecast period, i.e., 2023-28. The mounting need for high-performance computers and technology in different industries and sectors is projected to drive the market predominantly.

Top leading companies in the Global Quantum Computing Market includes:

D Wave System Inc., IBM Corporation, Lockheed Martin, Google Research, Intel Corporation, Hewlett Packard Enterprise, QC Ware Corporation, Cambridge Quantum Computing Ltd., Fujitsu Ltd., Accenture.

Possible Restraint: Inadequate Availability of Skilled Professionals

Quantum computing as an innovative technology requires a group of experts with the necessary technical expertise in its function and deployment. Though several governments and quantum computer manufacturers are providing training courses to overcome the talent shortage, the cost of the classes, the complexity of modules in understanding quantum mechanics, and their time-consuming nature collectively hinder the fulfillment of such courses. Moreover, since machines and algorithms still require talented and knowledgeable handlers, the need for more qualified professionals is hampering the growth and advancement in technology and the market.

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Report Segmentation:

The market is categorized into the following segments in the report:

By Offerings

-Hardware

-Software

-Services

By Deployment

-On Premises

-Cloud

-Hybrid

By Technology

-Quantum Annealing

-Superconducting

-Trapped Ion

-Quantum Dots

-Others

By Application

-Machine Learning

-Numerical Simulation

-Model Optimization

By End User

-Private Companies

-Academia

-Government

By Sector

-Aerospace & Defense

-Agriculture

-Finance & Investment

-IT & Communications

-Agriculture

-Logistics & Transportation

-Automove & Mobility

-Energy & Power

-Chemicals & Materials

-Life Sciences & Pharma

-Medical Devices & Imaging

-Others.

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Global Quantum Computing Market Geographic Reach:

The Geographic Reach of the Global Quantum Computing Market evaluates the spread and significance of Global Quantum Computing market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

·         North America: The US, Canada, Mexico

·         Europe: Germany, The UK, France

·         Asia-Pacific: China, India, Japan

·         South America: Brazil.

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