Title: Quantum Computing Market 2021 - Latest Trends, Future Development Outlook and Demand Analysis to 2028
1Quantum Computing Market to 2028 - Growth Trends
and Emerging Opportunities Analysis
- Recent quantum computing market trends are
impelled by an upsurge in product adoption across
the BFSI sector and increase in government-led
RD activities across a range of applications.
The BFSI industry is an early adopter of quantum
computing and helps banks in forecasting and
identification of the future market, prediction
of price, and identification of uncertainties and
risks in financial models. The technology
enables more accurate and fast decision-making
capabilities including shaping an optimal
investment portfolio mix. - Driven by these aspects, quantum computing market
size is anticipated to record USD 5 billion by
2028, cites the latest research conducted by
Global Market Insights, Inc. This rise is
accredited to surging service demand in light of
the increasing number of startups. The services
are prominently utilized in optimization,
simulation, and machine learning application,
further leading to efficient operations and cost
utilization across various industries.
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2- Steps taken by leading market participants
- Leading market players include Honeywell,
Accenture plc, IBM, Amazon Web Services, Inc.,
Huawei, Google, and others. These companies are
focusing on product development initiatives,
mergers, acquisitions, and collaborations for
boosting their position in the market. - To consider another instance, in May 2021, Google
announced plans to build an error-corrected and
quantum computer by the end of 2030. For
developing this technology, the tech giant has
released a new Quantum AI campus in Santa Barbara
containing hardware research labs, a quantum data
center, and quantum processor chip fabrication
facilities.
- Increasing demand for simulation and on-premise
deployment - The industry is witnessing soaring demand for
simulation to manage financial risks. Simulation
helps institutions in the acceleration of
operations at optimized costs, in turn leading to
new opportunities for cost savings and revenue
generation. Owing to these factors, the
simulation segment is anticipated to register an
industry share of more than 20 in the year 2022.
- Meanwhile, the market has recorded surging
concerns with regard to data security. These
concerns are typical among medical researchers
dealing with highly confidential data or
developing a computational algorithm for the
purpose of drug development.
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3Request for a Sample Copy of this Report _at_
https//www.gminsights.com/request-sample/detail/5
143
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4- Europe quantum computing market A look at the
regional growth drivers - Over the years, Europe has witnessed the launch
of numerous quantum initiatives by the European
Union. A number of regional enterprises are
focusing on system launches for offering strong
research capabilities. - Quoting an instance, in April 2021, IBM
introduced its Quantum System One in Europe for
research organizations and companies for the
development and testing of applied quantum
algorithms. In light of these factors, Europe
quantum computing market share is expected to
exceed USD 1.5 million through 2028. - In a nutshell, increasing digitalization and
surging technological investments across multiple
businesses will augment the demand for different
types of quantum computing through the estimated
period.
- Some of the key players operating in the industry
are 1QB Information Technologies, Inc., Accenture
plc, Amazon Web Services, Inc., Cambridge Quantum
Computing, D-Wave Systems, Fujitsu, Google,
Honeywell, Huawei, IBM, Microsoft, QC Ware,
Quantica Computacao, Quantum Circuits, Rigetti,
Riverlane, VeriQloud, XANADU, and Zapata
Computing.
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5Latest Research Report On Quantum Computing
Market _at_ https//www.gminsights.com/industry-analy
sis/quantam-computing-market
Request for sample of this research report _at_
https//www.gminsights.com/request-sample/detail/
5143
Request for customization https//www.gminsights
.com/roc/5143
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
www.gminsights.com