Global Quantum Computing Market: By Application (Optimization, Machine Learning, Simulation and Others), By Product Type (Hardware, Software, and Services) and By Vertical (Aerospace & Defense, BFSI, Energy & Power, Healthcare, Information Technology & Telecommunication, Transportation, and Others) and Region - Forecast Till 2023
Market analysis

A powerful development is anticipated for the global quantum processing market throughout the following couple of years. The market is relied upon to observe a CAGR of 34% during the conjecture time frame (2018-2023), achieving a size of USD 2.82 billion. 2018 was a development year for the market, as organizations from the BFSI division indicated enormous enthusiasm for quantum registering and the pattern is probably going to proceed in 2019 and past. Also, the open division presents a critical development open door for the market. In the anticipated years, the application opportunities for quantum registering is relied upon to extend further, which may prompt a higher business enthusiasm for the innovation. Most market players has a dynamic association in utilizing forceful development procedures. Sellers contend on value, quality and post-retail benefits. Accentuation is being put on cost-effectiveness and item advancement so as to guarantee long haul maintainability.

Market segmentation

The global quantum processing market is segmented on the basis of its application, vertical, product type and regional demand. Based on its Application, the market is segmented into Machine Learning, Optimization, Simulation and Others. Based on its Vertical, the global quantum processing market is bifurcated into BFSI, Aerospace & Defense, Energy & Power, Healthcare, Transportation, Information Technology (IT) & Telecommunication, and Others. On the basis of its Product Type, the global quantum processing market is divided into Software, Hardware, and Services.

Regional analysis

Geographically, the global quantum processing market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players

IBM Corporation, D-Wave Systems Inc., QxBranch, Inc., QRA Corp, Google and QC Ware Corp, Atos SE, Intel Corporation, Cambridge Quantum Computing Ltd., Rigetti & Co, Inc., among others are some of the major players in the global quantum processing market.