“Enterprise Quantum Computing Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on enterprise quantum computing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for enterprise quantum computing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The enterprise quantum computing market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Component: Hardware; Software; Services
- 2) By Deployment Mode: On-Premise; Cloud
- 3) By Technology: Quantum Annealing; Superconducting; Trapped Ion; Quantum Dot; Other Technologies
- 4) By Application: Machine Learning/Deep Learning/AI; Optimization; Simulation And Data Modelling; Cyber Security; Other Applications
- 5) By Industry Vertical: Healthcare And Life sciences; IT And Telecom; Manufacturing; BFSI; Energy And Utilities; Aerospace And Defence; Other Industries
- Companies Mentioned: Alibaba Group Holding Limited; D-Wave Systems Inc; Google LLC; Huawei Technologies Co. Ltd.; IBM Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the enterprise quantum computing market are: Alibaba Group Holding Limited, D-Wave Systems Inc, Google LLC, Huawei Technologies Co. Ltd., IBM Corporation, ID Quantique, Intel Corporation, Microsoft Corporation, Rigetti Computing, Toshiba Research Europe Ltd, QX Branch Inc, Cambridge Quantum Computing Limited, QC Ware Corp., Quantum Circuits Inc., Atos SE, 1QB Information Technologies Inc, Station Q, and QRA Corp.
The global enterprise quantum computing market is expected to grow from $2.30 billion in 2022 to $3.00 billion in 2023 at a compound annual growth rate (CAGR) of 30.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The enterprise quantum computing market is expected to grow to $8.62 billion in 2027 at a CAGR of 30.3%.
The enterprise quantum computing market includes revenues earned by entities by analyzing datasets, solving optimization problems, and simulating complex models. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Enterprise quantum computing refers to a field of research concerned with the creation of computer-based technologies based on the ideas of quantum theory.
North America was the largest region in the enterprise quantum computing market in 2022. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main components of enterprise quantum computing are hardware, software, and services. Hardware refers to the computer's physical elements or delivery methods that store and execute the written instructions given by the software. By using various deployment modes such as on-premise, and cloud and technologies including quantum annealing, superconducting, trapped ion, quantum dot, and others applied in machine learning/deep learning/AI, optimization, simulation and data modeling, cyber security, and others by various industry verticals such as healthcare and life sciences, IT and telecom, manufacturing, BFSI utilities, aerospace and defense, and others.
The increasing use of cloud computing is expected to propel the growth of the enterprise quantum computing market going forward. Cloud computing refers to a framework for providing ubiquitous, practical, on-demand network access to a pool of configurable computing resources that can be quickly deployed and released with no involvement from administration or service providers. The use of enterprise quantum computing allows organizations to optimize investment plans better, strengthen encryption, discover products, and do a variety of other things. Due to such benefits, there is a rise in demand for cloud computing. For instance, in December 2021, according to a report shared by Eurostat, a Luxembourg-based statistical office of the European Union, 42% of the European Union enterprises were using cloud computing, a 6 percentage point (pp) increase from 2020. Therefore, the increasing use of cloud computing will drive the growth of the enterprise quantum computing market.
Technological advancements are the key trends gaining popularity in the enterprise quantum computing market. Major companies operating in the enterprise quantum computing market are focused on innovating new technologies to sustain their position in the market. For instance, in December 2021, Rigetti Computing, a US-based developer of quantum integrated circuits used for quantum computers introduced its next-generation quantum system, "Aspen-M". Aspen-M, the first commercial multi-chip quantum processor in the world, overcomes a significant scaling difficulty in the pursuit of fault-tolerant quantum computing. The Aspen-M processor is constructed from two 40-qubit chips and makes use of Rigetti's unique multi-chip technology. These processors enable systems that accelerate quantum computation by 2.5 times and cut readout errors by up to 50%.
In May 2022, ColdQuanta, a US-based quantum technology company acquired Super.tech for an undisclosed amount. With the acquisition of Super.tech, ColdQuanta is expected to become a multi-platform, quantum hardware and software company. Super.tech is a US-based developer of quantum software applications that speed up quantum computing by bridging the gap between applications and hardware.
The countries covered in the Enterprise Quantum Computing market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The enterprise quantum computing market research report is one of a series of new reports from The Business Research Company that provides enterprise quantum computing market statistics, including enterprise quantum computing industry global market size, regional shares, competitors with an enterprise quantum computing market share, detailed enterprise quantum computing market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise quantum computing industry. This enterprise quantum computing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Enterprise Quantum Computing Market Characteristics
3. Enterprise Quantum Computing Market Trends And Strategies
4. Enterprise Quantum Computing Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Enterprise Quantum Computing Market
- 4.2. Ukraine-Russia War Impact On Enterprise Quantum Computing Market
- 4.3. Impact Of High Inflation On Enterprise Quantum Computing Market
5. Enterprise Quantum Computing Market Size And Growth
- 5.1. Global Enterprise Quantum Computing Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Enterprise Quantum Computing Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Enterprise Quantum Computing Market Segmentation
- 6.1. Global Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hardware
- Software
- Services
- 6.2. Global Enterprise Quantum Computing Market, Segmentation By Deployment Mode, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- On-Premise
- Cloud
- 6.3. Global Enterprise Quantum Computing Market, Segmentation By Technology , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Quantum Annealing
- Superconducting
- Trapped Ion
- Quantum Dot
- Other Technologies
- 6.4. Global Enterprise Quantum Computing Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Machine Learning/Deep Learning/AI
- Optimization
- Simulation And Data Modelling
- Cyber Security
- Other Applications
- 6.5. Global Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Healthcare And Life sciences
- IT And Telecom
- Manufacturing
- BFSI
- Energy And Utilities
- Aerospace And Defence
- Other Industries
7. Enterprise Quantum Computing Market Regional And Country Analysis
- 7.1. Global Enterprise Quantum Computing Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Enterprise Quantum Computing Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Enterprise Quantum Computing Market
- 8.1. Asia-Pacific Enterprise Quantum Computing Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Enterprise Quantum Computing Market
- 9.1. China Enterprise Quantum Computing Market Overview
- 9.2. China Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Enterprise Quantum Computing Market
- 10.1. India Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Enterprise Quantum Computing Market
- 11.1. Japan Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Enterprise Quantum Computing Market
- 12.1. Australia Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Enterprise Quantum Computing Market
- 13.1. Indonesia Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Enterprise Quantum Computing Market
- 14.1. South Korea Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Enterprise Quantum Computing Market
- 15.1. Western Europe Enterprise Quantum Computing Market Overview
- 15.2. Western Europe Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Enterprise Quantum Computing Market
- 16.1. UK Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Enterprise Quantum Computing Market
- 17.1. Germany Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Enterprise Quantum Computing Market
- 18.4. France Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.5. France Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Enterprise Quantum Computing Market
- 19.1. Eastern Europe Enterprise Quantum Computing Market Overview
- 19.2. Eastern Europe Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Enterprise Quantum Computing Market
- 20.1. Russia Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Enterprise Quantum Computing Market
- 21.1. North America Enterprise Quantum Computing Market Overview
- 21.2. North America Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Enterprise Quantum Computing Market
- 22.1. USA Enterprise Quantum Computing Market Overview
- 22.2. USA Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Enterprise Quantum Computing Market
- 23.1. South America Enterprise Quantum Computing Market Overview
- 23.2. South America Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Enterprise Quantum Computing Market
- 24.1. Brazil Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Enterprise Quantum Computing Market
- 25.1. Middle East Enterprise Quantum Computing Market Overview
- 25.2. Middle East Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Enterprise Quantum Computing Market
- 26.1. Africa Enterprise Quantum Computing Market Overview
- 26.2. Africa Enterprise Quantum Computing Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Enterprise Quantum Computing Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Enterprise Quantum Computing Market Competitive Landscape And Company Profiles
- 27.1. Enterprise Quantum Computing Market Competitive Landscape
- 27.2. Enterprise Quantum Computing Market Company Profiles
- 27.2.1. Alibaba Group Holding Limited
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. D-Wave Systems Inc
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Google LLC
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Huawei Technologies Co. Ltd.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. IBM Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Enterprise Quantum Computing Market
29. Enterprise Quantum Computing Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer