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Dublin, Jan. 24, 2023 (GLOBE NEWSWIRE) — The “Global enterprise quantum computing market size, share and trend analysis report by deployment mode, by technology, by application, By Component (Hardware, Software & Services), By Vertical, By Regional Outlook & Forecast, 2022 – 2028” report has been added to from ResearchAndMarkets.com offer.

The global enterprise quantum computing market size is expected to reach USD 6.4 billion by 2028, with the market growing at 24.4% CAGR during the forecast period.

Market Growth Factors
Investment in quantum technologies is on the rise

In order to use quantum computers to perform various optimization and simulation tactics, several government agencies involved in the global space and military industries are increasingly spending on the development of quantum computing technology. Governments of many different countries fund their research institutes with substantial sums in order to foster the development of quantum computing. Nations are investing heavily in the study and development of quantum computing technologies.

Increase in usage as artificial intelligence advances

In order to improve their strategic, knowledge-driven and operational capabilities, companies are using AI-based solutions. Artificial Intelligence (AI) can increase productivity and enable automated data processing by automating complex and repetitive activities. IT teams can use AI to manage and monitor important tasks. Companies offering cloud solutions and services constantly focus on R&D operations, product enhancements, and cutting-edge product launches through the integration of Big Data, AI, and ML.

Deployment prospects

Based on the mode of deployment, the enterprise quantum computing market is categorized into on-premise and cloud. In 2021, the cloud segment garnered the substantial revenue share of the market. As more sustainable systems are created, there will certainly be an increase in demand for cloud-based IT solutions and services. Along with increasingly comprehensive solutions from major industry players, the cloud also offers a number of other ways to build quantum computers. The flexibility of access offered to consumers is another aspect that contributes to the popularity of cloud-based services and systems.

Technology outlook

Based on technology, enterprise quantum computing is segmented into quantum annealing, superconductor, trapped ions, quantum dots and others. The superconducting segment had the largest revenue share in 2021. This market is growing because qubit-based superconducting quantum computers run faster than equivalent machines using other technologies. In the coming years, it is expected that computing giants like IBM, Google, and Intel will introduce their qubit-based superconducting quantum computing services.

Application Outlook

Based on application, the enterprise quantum computing market is categorized into machine learning/deep learning/AI, optimization, data simulation and modeling, cybersecurity, and others. In 2021, the enterprise quantum computing market witnessed a significant increase in machine learning/deep learning/AI industry revenue share. Users can learn about estimating quantum system features, quantum error-correcting codes, and creating unique quantum algorithms through machine learning, artificial intelligence, and machine learning. depth. Quantum algorithms are included in machine learning software as part of quantum machine learning.

Component Perspectives

Based on components, the enterprise quantum computing market is classified into hardware, software, and services. In terms of revenue, the hardware segment had the largest revenue share in 2021. As hardware represents a significant bottleneck in the ecosystem, growth in this sector is expected. There are several hardware platforms developed for quantum computing. All commercially viable quantum computers are based on superconducting circuits and trapped ions, which are very sophisticated. Spin qubits, neutral atoms and photonic networks are other intriguing platforms.

Vertical perspectives

Based on the vertical, the enterprise quantum computing market is categorized into manufacturing, BFSI, energy & utilities, aerospace & defense, healthcare & life sciences, IT & telecommunications, and others. The enterprise quantum computing market had a major revenue share in 2021 in the telecommunications and computing categories. Many enterprises are now making significant efforts to transition to quantum-safe IT infrastructures. The term “cryptoagility” is often used to describe a system architecture that is adaptable enough to quickly accept new cryptographic techniques without negatively influencing system operation.

Main market players
List of companies featured in the report:

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview

Chapter 3. Competitive Analysis – Global

Chapter 4. Global Enterprise Quantum Computing Market by Deployment Mode

Chapter 5. Global Enterprise Quantum Computing Market by Technology

Chapter 6. Global Enterprise Quantum Computing Market by Application

Chapter 7. Global Enterprise Quantum Computing Market by Component

Chapter 8. Global Enterprise Quantum Computing Market by Vertical

Chapter 9. Global Enterprise Quantum Computing Market by Region

Chapter 10. Business Profiles

For more information about this report, visit https://www.researchandmarkets.com/r/pr58if-enterprise?w=12

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