The principles of quantum phenomena and integration of quantum particles into the quantum devices are the major components that allows quantum computing to function. Unlike classical computers, quantum computing system uses quantum chips, which is made of several quantum bits (qubits) to process the data. Also, the higher the number of qubits used in a single quantum chip, the easier it gets to solve complex problems. Therefore, many major industries focus on R&D of quantum chip with less or no error and greater stability.
Leading Players:
Alibaba Group,D-Wave Systems Inc.,Google,Huawei Technologies Co. Ltd.,International Business Management Corporation (IBM),ID Quantique,Intel Corporation,Microsoft,Rigetti & Co, Inc.,Toshiba Research Europe Ltd.
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Moreover, some companies are focused on using technologies such as quantum annealing, ion trapping, superconducting, topological photonic, and others for its development. Furthermore, it is being adopted across various industrial sectors, owing to the wide applications which drive the market growth. The quantum computing technology has numerous benefits, which allows its users to build the strategies in different ways. Although being in development phase, some of the industry players have already developed the quantum computers for commercial purposes and they also plan to deploy quantum computing solutions through cloud platforms. The global enterprise quantum computing market was valued at $650 million in 2017 and is projected to reach $5,853 million by 2025, growing at a CAGR of 31.7% from 2018 to 2025.
Early adoption of quantum computing within the defense and automotive sectors is one of the major factors that drives the growth of the market. In addition, surge in investment by government entities within the market and rise in use of simulation and modeling are one of the major factors that boost the growth of the enterprise quantum computing market. However, technological challenges such as, quantum computing stability and error correction hamper the growth of the market. Furthermore, emergence of on-premises quantum computing for businesses are expected to provide opportunities for the growth of the market.
Enterprise Quantum Computing Key Market Segments:
By Component
Hardware
Quantum Processing Units (QPU)
Dilution Refrigerator
I/O Subsystem
Software
Services
Consulting Services
Training & Education
Support & Maintenance
Others
By Deployment
Cloud
On-premise
By Technology
Quantum Annealing (Adiabatic)
Superconducting
Trapped Ion
Quantum Dot
Others
By Application
Machine Learning/Deep learning/AI
Optimization
Simulation & Data Modelling
Cyber Security
Others
By Industry Verticals
Healthcare & Life Sciences
IT and Telecom
Manufacturing
BFSI
Energy & Utilities
Aerospace & Defense
Others
The report is a combination of qualitative and quantitative analysis of the virtual reality industry. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SACM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.
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