- Quantum Computing - Home
- Quantum Computing - History
- Classical vs Quantum Computing
- Quantum Algorithms
- Quantum Computing - Technology Types
- Quantum Computing - Software Tools
- Quantum Computing Vs. AI
- Quantum Computers - Advantages & Disadvantages
- Quantum Computing - Market Size & Trends
- Quantum Teleportation
Quantum Computing Market Size and Trends
Latest Quantum Computing Trends
The global quantum computing market in 2024 is around USD 1,410.65 Million and is expected to grow to USD 5714.80 Million by 2032. The quantum computing market is divided into key components, including offering, application, technology, deployment, end-user, and region.
Quantum Computing Market Segments
The table shows a detailed overview of different quantum computing market segments −
| Classification | Details |
|---|---|
| Offerings | System, Services |
| Deployment | On-Premises, Cloud |
| Application | Optimization, Simulation, Machine Learning, Others |
| Technology | Superconducting Qubits, Photonic Networks, Quantum Annealing, Trapped Ions, Others |
| End-User | Automotive, Healthcare, BFSI, Aerospace & Defense, Energy & Power, Chemical, Government, Others |
| Region | Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa), Latin America (Brazil, Mexico, Argentina), Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea, Australia), Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia), North America (U.S., Canada) |
Recent Developments in Quantum Computing
- IBM released its latest quantum processor, IBM Quantum Heron in New York at IBM Quantum Summit
- In April 2024, In partnership with Rensselaer Polytechnic Institute (RPI), IBM released IBM Quantum System One, a new quantum computer in New York at RPI's campus. It is powered by the IBM Quantum 'Eagle' processor with 127 qubits.
- IQM Quantum Computers (IQM), released IQM Resonance, a new cloud service. This service is used in quantum research and developing quantum algorithms.
Key Players in Quantum Computing
Some major key players in the global market include Accenture, D-Wave Quantum Inc., Google LLC, IBM Corporation, Intel Corporation, lonQ, Inc., IQM, Microsoft Corporation, Quantinuum Ltd., Rigetti & Co, LLC, Riverlane Ltd, Xanadu, ZAPATA COMPUTING INC.
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