The Asia-Pacific Quantum Computing Market Growth at a rate of 21.40% in the forecast period 2022 to 2029
Market Analysis and Insights - Asia-Pacific Quantum Computing Market
Quantum computing market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the quantum computing market to exhibit a CAGR of 21.40% for the forecast period of 2021-2028. The rising workload on datacenters and the increasing complexity in processor designs of classical binary computing systems are the major factors attributable to the growth of quantum computing market. Therefore, the market value, which will be USD 1,157.30 million by 2028 from USD 245.3 million in 2020.
Quantum computing is an area of advanced developing computer technology study that harnesses the phenomena of quantum mechanics to deliver a huge leap forward in computation to solve certain problems. Quantum computing technology focuses on the development of technologies centered on the principles of quantum theory and quantum mechanics. Quantum computing is made up of qubits.
Growing awareness about the advantages of quantum computing technology such as its exponential speed for amplified optimization and vital calculations will emerge as the major factor driving market growth. Rising demand and application of this technology by the healthcare and pharmaceuticals industry will further aggravate the market growth rate. Rising research and development proficiencies and early adoption of quantum computing in the banking and finance sector are other important market growth determinants.
However, lack of awareness of quantum technology and dearth of trained expertise or skilled employees will act as major market growth restraints. The issues such as shortage of desired skillsets for quantum computing and stability and error correction issues will dampen the growth rate that further result as a challenge for the market.
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The Asia-Pacific Quantum Computing Market Size
The quantum computing market is segmented on the basis of system, qubits, offering, deployment model, component, application, logic gates and verticals. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of system, the quantum computing market has been segmented into single qubit quantum system, multiple qubit system.
- On the basis of qubits, the quantum computing market is segmented into trapped ion qubits, semiconductor qubits and superconducting.
- On the basis of offering, the market is segmented into systems, services.
- On the basis of deployment model, the quantum computing market is segmented into on-premises, cloud.
- On the basis of components, the market is segmented into hardware, software and services.
- On the basis of application, the quantum computing market is segmented into cryptography, simulation, parallelism, machine learning, algorithms, others.
- On the basis of logic gates, the quantum computing market is segmented into toffoli gate, hadamard gate, pauli logic gates and others.
- On the basis of verticals, the quantum computing market is segmented into banking and finance, healthcare pharmaceuticals, defense, automotive, chemical, utilities, and others.
Asia-Pacific Quantum Computing Market Country Level Analysis
The quantum computing market is analyzed and market size, volume information is provided by system, qubits, offering, deployment model, component, application, logic gates and verticals as referenced above.
The countries covered in the quantum computing market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific.
Emerging economies such as China, India, and Japan in Asia-Pacific region dominate the quantum computing market owing to the high investments for introducing cutting-edge technology , increasing application by the various industries and increasing research and development activities.
The country section of the quantum computing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Asia-Pacific Quantum Computing Market Share Analysis
The quantum computing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the quantum computing market.
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Key Players Asia-Pacific Quantum Computing Market
The major players covered in the quantum computing market report are Honeywell International, Inc., Accenture, Fujitsu, Rigetti Co, Inc., 1QB Information Technologies, Inc., IonQ, Atom Computing, Inc., ID Quantique, QuintessenceLabs, Toshiba Research Europe Ltd., Microsoft, The Xanadu, Magiq Technologies, Inc., NEC Corporation, Anyon System. Inc, CAMBRIDGE QUANTUM COMPUTING LTD, QCWare, Intel Corporation among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Asia-Pacific Quantum Computing Market Report Answers the Following Questions:
- How much revenue will the Asia-Pacific Quantum Computing Market generate by the end of the forecast period?
- Which market segment is expected to have the maximum market share?
- What are the influencing factors and their impact on the Asia-Pacific Quantum Computing Market ?
- Which regions are currently contributing the maximum share of the overall Asia-Pacific Quantum Computing Market ?
- What indicators are likely to stimulate the Asia-Pacific Quantum Computing Market ?
- What are the main strategies of the major players in the Asia-Pacific Quantum Computing Market to expand their geographic presence?
New Business Strategies, Challenges Policies are mentioned in Table of Content, Request TOC @
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