Quantum Computing for Enterprise Market: Worldwide Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-20

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Market Size – USD 195.9 Million in 2019, Market Growth – at a CAGR of 47.3%, Market Trends – Rise in adoption of quantum computing in the automotive industry

Global Quantum Computing for Enterprise Market, Emergen Research's most recent market research report, includes an estimated market size and share, current industry trends, global market growth rates, main market competitors, key drivers and opportunities, challenges, and product segmentation. Cost structure, market size, the level of competition, a product's features and portfolio, and business profiles

The global quantum computing for enterprise market is forecast to reach a market size of USD 3,907.4 Million by 2027 and register a steady revenue growth rate, according to the latest analysis by Emergen Research. The growth of the global quantum computing for enterprise market in terms of revenue is expected to increase substantially over the forecast period due to increasing global demand for quantum computing simulation for drug discovery and to identify new chemical compounds. The rising need to accelerate the learning process of Artificial Intelligence (AI) is also a major factor expected to further boost global quantum computing for enterprise market growth during the forecast period. Rising adoption of quantum computing in the automotive industry is expected to further support growth in market size in the future.

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Global Quantum Computing for Enterprise Market Highlights:

Regional demand estimation and forecast

Product Mix Matrix

RD Analysis

Cost-Benefit Analysis

Pre-commodity pricing volatility

Supply chain optimization analysis

Technological updates analysis

Raw Material Sourcing Strategy

Competitive Analysis

Mergers Acquisitions

Location Quotients Analysis

Carbon Footprint Analysis

Patent Analysis

Vendor Management

Competitive Landscape:

The latest study provides an insightful analysis of the broad competitive landscape of the global Quantum Computing for Enterprise market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Quantum Computing for Enterprise market and pinpoint the fundamental growth trends.

Key Companies Profiled in the Report are:

Google LLC, Baidu, Inc., Rigetti Co, Inc., International Business Machines Corporation, Microsoft Corporation, Intel Corporation, Alibaba Group Holding Limited, Accenture plc, ATT Inc., Atos SE

Key Parameters Analyzed in This Section:

Company Profiles

Gross Revenue

Profit margins

Product sales trends

Product pricing

Industry Analysis

Sales distribution channels

Regional Segmentation:

North America

Latin America

Europe

Middle East Africa

Asia Pacific

Key Points Covered in This Section:

Regional contribution

Estimated revenue generation

Vital data and information about the consumption rate in all the leading regional segments

An expected rise in market share

Forecast growth in the overall consumption rate

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Key Highlights of Report

Hardware segment is expected to lead in terms of revenue expansion at a CAGR of 47.5% during the forecast period. This high growth rate can be attributed to rising usage of qubits in quantum computing to program and manage qubits; an optimized hardware approach with significant standard hardware is necessary.

The cloud-based quantum computing segment is projected to account for largest market share over the forecast period due to growing use of cloud-based quantum computing for new drug discovery, risk management, supply chain optimization, and financial trading.

In terms of revenue contribution to the global quantum computing enterprise industry market, the simulation segment is projected to lead during the forecast period as a result of increasing application of quantum computing simulation for electric battery production and for the identification of chemical compounds.

Information technology segment is projected to account for relatively higher market share during the forecast period due to growing use of post-quantum cryptography for ensuring long-term security of digital systems.

Due to increasing government spending in quantum computing research and development activities, the North American market is projected to account for the highest revenue share among other regional markets in the region over the forecast period.

Market Overview:

The report bifurcates the Quantum Computing for Enterprise market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

Component Outlook (Revenue, USD Million; 2020–2027)

Software

Hardware

Input/Output Subsystem

Dilution Refrigerator

Quantum Processing Unit

Service

Support Maintenance

Consulting

Training

Others

Deployment Outlook (Revenue, USD Million; 2020–2027)

Cloud-based Quantum Computing

Hybrid Quantum Computing

On-premises Quantum Computing

Application Outlook (Revenue, USD Million; 2020–2027)

Simulation

Machine Learning

Optimization

Others

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Additional information offered by the report:

Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.

The report elaborates on the global Cobots market size and share governed by the major geographies.

It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.

It further presents a detailed description of the company profiles of the key market contenders.

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