Lucintel Forecasts The Global Quantum Computing Market To Reach $5 Billion By 2031

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global quantum computing market looks promising with opportunities in the optimization, simulation, and machine learning applications. The global quantum computing market is expected to reach an estimated $5 billion by 2031 from $1 billion in 2024 at a CAGR of 22% from 2024 to 2031. The major drivers for this market are growing need for high-performance computing and rising demand for quantum computing solutions from various industries.
A more than 150-page report to understand trends, opportunity and forecast in global quantum computing market to 2031 by deployment (on-premises and cloud), technology (trapped ions, quantum annealing, superconducting qubits, and other technologies), application (optimization, simulation, machine learning, and other applications), end use (space & defense, transportation & logistics, healthcare & pharmaceuticals, chemicals, banking & finance, energy & power, academia, government, and other end uses), and region.
Lucintel forecasts that, within the deployment category, cloud is expected to witness the higher ...
... growth over the forecast period due to its growing usage among users given to its flexibility and powerful systems.
Within the application category, optimization will remain the largest segment due to growing use of quantum algorithms to optimize problems and solve in a faster and more efficient manner.
Download sample by clicking on quantum computing market.
In terms of regions, North America will remain the largest region over the forecast period due to widespread applications quantum computing among various sectors, such as defence, medical care, pharmaceutical, and energy & power in the region.
IBM, D-Wave Quantum, Microsoft, Amazon Web Services, Rigetti Computing, Fujitsu, Hitachi, Intel Corporation, IonQ are the major suppliers in the quantum computing market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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