Quantum Computing Market Size to Grow by USD 9.01 Bn, Cloud to be Largest Revenue-generating Deployment Segment - Technavio

NEW YORK, Feb. 13, 2023 /PRNewswire/ -- According to Technavio, the global quantum computing market size is estimated to grow by USD 9,013.68 million from 2022 to 2027. The market is estimated to grow at a CAGR of 18.84% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 38% of the market's growth. The report includes historic market data from 2017 to 2021. In 2017, the quantum computing market was valued at USD 3,001.05 million. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the market, request a sample report.

Quantum computing market - Five forces
The global quantum computing market is fragmented, and the five forces analysis covers– 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For an interpretation of Porter's five forces model – Buy the report!

Quantum computing market – Customer landscape

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Quantum computing market - Segmentation assessment

Segment overview
Technavio has segmented the market based on deployment (cloud and on-premise) and end-user (aerospace and defense, government, IT and telecom, and others). 

• The cloud segment will account for a significant share of the market's growth during the forecast period. Firms can access quantum computing systems through a cloud network, which lowers the need for hardware and software. The growth of this segment is attributed to factors such as the low cost of entry. Buyers do not have to invest in hardware. Moreover, the speed of setup and implementation is high. These factors will fuel the growth of this segment during the forecast period.

Geography overview
Based on geography, the global quantum computing market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global quantum computing market.

• North America is estimated to account for 38% of the growth of the global market during the forecast period. The growth of this segment is primarily driven by factors such as the presence of numerous customers based in the US. US-based firms have access to quantum computers on immediate release. They also have high economies of scale and have the finances and resources to adopt these technologies. These factors will drive the growth of the market in the region during the forecast period.  

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Quantum computing market – Market dynamics
Key factor driving market growth

• The growing use of quantum cryptography is driving market growth.
• With the use of quantum cryptography, critical data can be transmitted with a high level of security.
• Quantum computers have high processing speeds and efficiently process vast amounts of encrypted data.
• Governments of many countries have invested large amounts in the development of highly secure quantum computers.
• These factors will fuel the growth of the market during the forecast period.

Leading trends influencing the market 

• The growth of AI and machine learning is a key trend in the market.
• AI and machine learning are expected to be some of the biggest applications of quantum computers.
• Quantum computing processor chips will be used in AI applications to compute data at high speeds efficiently.
• The use of AI will help solve issues related to optimization and sampling.
• These factors will support the growth of the market during the forecast period.

Major challenges hindering market growth

• The short lifecycle of supercomputers is challenging market growth.
• The lifespan of a supercomputer is shorter than that of regular electronic products.
• Moreover, the cost of a supercomputer is very high, including maintenance and power consumption.
• Therefore, companies can opt for a new system with the latest hardware and other upgraded components instead of a supercomputer.
• These factors may hinder the adoption of such systems.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this quantum computing market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the quantum computing market between 2023 and 2027
• Precise estimation of the size of the quantum computing market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the quantum computing market across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of quantum computing market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global quantum computing market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global quantum computing market 2017 - 2021 ($ million)

• 4.2 Deployment Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.3 End user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Deployment

• 6.1 Market segments 
• Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)

• 6.2 Comparison by Deployment 
• Exhibit 32: Chart on Comparison by Deployment
• Exhibit 33: Data Table on Comparison by Deployment

• 6.3 Cloud - Market size and forecast 2022-2027
• Exhibit 34: Chart on Cloud - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Cloud - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Cloud - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Cloud - Year-over-year growth 2022-2027 (%)

• 6.4 On-premise - Market size and forecast 2022-2027
• Exhibit 38: Chart on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on On-premise - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on On-premise - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Deployment 
• Exhibit 42: Market opportunity by Deployment ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 Aerospace and defense - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)

• 7.4 Government - Market size and forecast 2022-2027
• Exhibit 51: Chart on Government - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Government - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Government - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Government - Year-over-year growth 2022-2027 (%)

• 7.5 IT and telecom - Market size and forecast 2022-2027
• Exhibit 55: Chart on IT and telecom - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on IT and telecom - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on IT and telecom - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on IT and telecom - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 63: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 65: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 66: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 67: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 68: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 69: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 70: Matrix on vendor position and classification

• 11.3 Alibaba Group Holding Ltd. 
• Exhibit 71: Alibaba Group Holding Ltd. - Overview
• Exhibit 72: Alibaba Group Holding Ltd. - Business segments
• Exhibit 73: Alibaba Group Holding Ltd. - Key offerings
• Exhibit 74: Alibaba Group Holding Ltd. - Segment focus

• 11.4 Alphabet Inc. 
• Exhibit 75: Alphabet Inc. - Overview
• Exhibit 76: Alphabet Inc. - Business segments
• Exhibit 77: Alphabet Inc. - Key news
• Exhibit 78: Alphabet Inc. - Key offerings
• Exhibit 79: Alphabet Inc. - Segment focus

• 11.5 Amazon.com Inc. 
• Exhibit 80: Amazon.com Inc. - Overview
• Exhibit 81: Amazon.com Inc. - Business segments
• Exhibit 82: Amazon.com Inc. - Key news
• Exhibit 83: Amazon.com Inc. - Key offerings
• Exhibit 84: Amazon.com Inc. - Segment focus

• 11.6 Atos SE 
• Exhibit 85: Atos SE - Overview
• Exhibit 86: Atos SE - Business segments
• Exhibit 87: Atos SE - Key news
• Exhibit 88: Atos SE - Key offerings
• Exhibit 89: Atos SE - Segment focus

• 11.7 D-Wave Quantum Inc. 
• Exhibit 90: D-Wave Quantum Inc. - Overview
• Exhibit 91: D-Wave Quantum Inc. - Product / Service
• Exhibit 92: D-Wave Quantum Inc. - Key news
• Exhibit 93: D-Wave Quantum Inc. - Key offerings

• 11.8 Honeywell International Inc. 
• Exhibit 94: Honeywell International Inc. - Overview
• Exhibit 95: Honeywell International Inc. - Business segments
• Exhibit 96: Honeywell International Inc. - Key news
• Exhibit 97: Honeywell International Inc. - Key offerings
• Exhibit 98: Honeywell International Inc. - Segment focus

• 11.9 ID Quantique SA 
• Exhibit 99: ID Quantique SA - Overview
• Exhibit 100: ID Quantique SA - Product / Service
• Exhibit 101: ID Quantique SA - Key offerings

• 11.10 Intel Corp. 
• Exhibit 102: Intel Corp. - Overview
• Exhibit 103: Intel Corp. - Business segments
• Exhibit 104: Intel Corp. - Key news
• Exhibit 105: Intel Corp. - Key offerings
• Exhibit 106: Intel Corp. - Segment focus

• 11.11 International Business Machines Corp.
• Exhibit 107: International Business Machines Corp. - Overview
• Exhibit 108: International Business Machines Corp. - Business segments
• Exhibit 109: International Business Machines Corp. - Key news
• Exhibit 110: International Business Machines Corp. - Key offerings
• Exhibit 111: International Business Machines Corp. - Segment focus

• 11.12 IonQ Inc. 
• Exhibit 112: IonQ Inc. - Overview
• Exhibit 113: IonQ Inc. - Product / Service
• Exhibit 114: IonQ Inc. - Key offerings

• 11.13 Microsoft Corp. 
• Exhibit 115: Microsoft Corp. - Overview
• Exhibit 116: Microsoft Corp. - Business segments
• Exhibit 117: Microsoft Corp. - Key news
• Exhibit 118: Microsoft Corp. - Key offerings
• Exhibit 119: Microsoft Corp. - Segment focus

• 11.14 QRA Corp. 
• Exhibit 120: QRA Corp. - Overview
• Exhibit 121: QRA Corp. - Product / Service
• Exhibit 122: QRA Corp. - Key offerings

• 11.15 Quantinuum Ltd. 
• Exhibit 123: Quantinuum Ltd. - Overview
• Exhibit 124: Quantinuum Ltd. - Product / Service
• Exhibit 125: Quantinuum Ltd. - Key offerings

• 11.16 Qubitekk Inc. 
• Exhibit 126: Qubitekk Inc. - Overview
• Exhibit 127: Qubitekk Inc. - Product / Service
• Exhibit 128: Qubitekk Inc. - Key news
• Exhibit 129: Qubitekk Inc. - Key offerings

• 11.17 Rigetti and Co. LLC 
• Exhibit 130: Rigetti and Co. LLC - Overview
• Exhibit 131: Rigetti and Co. LLC - Product / Service
• Exhibit 132: Rigetti and Co. LLC - Key news
• Exhibit 133: Rigetti and Co. LLC - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 134: Inclusions checklist
• Exhibit 135: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 136: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 137: Research methodology
• Exhibit 138: Validation techniques employed for market sizing
• Exhibit 139: Information sources

• 12.5 List of abbreviations 
• Exhibit 140: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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