Quantum Computing Market 2021 - Latest Trends, Future Development Outlook and Demand Analysis to 2028 - PowerPoint PPT Presentation

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Title: Quantum Computing Market 2021 - Latest Trends, Future Development Outlook and Demand Analysis to 2028


1
Quantum 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
3
Request 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
  • Regional Analysis
  • 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.
  • Competitive Analysis
  • 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
5
Latest 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
6
Stay 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
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