Technology market

Global Quantum Technology Market Analysis Report 2022: Growing Funding from Government and Private Enterprises and Rising R&D Spending by Leading Technology Companies

DUBLIN, August 15, 2022 /PRNewswire/ — The “Global Quantum Technology Market – Forecast to 2030” report has been added to ResearchAndMarkets.com’s offer.

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The global quantum technologies market is expected to grow at a high double-digit CAGR from 2021 to 2030 to reach $3,518.3 million by 2030.

The factors such as increase in government and private funding of quantum technologies, increase in R&D spending by big tech companies to develop quantum technologies, strategic collaboration, partnerships and mergers for quantum technologies are driving the global market quantum technologies.

While the emergence of mobile and convenient quantum processors and the development of advanced quantum technologies offer immense growth opportunities for the market. Lack of skilled professionals, high cost and complexity associated with the development of quantum technologies, and crypto risk associated with quantum communications are hampering the growth of the market.

The quantum technologies market is segmented on the basis of technology, product, end user, and geography. On the basis of technology, the market is segmented into quantum computing, quantum sensing, and quantum communication. Among these, Quantum Sensing segment accounts for the highest revenue in 2021 and is expected to grow at an early CAGR from 2021 to 2030.

Quantum computing is expected to grow at a high double-digit CAGR from 2021 to 2030. Based on sensor types, the global quantum sensing market is further segmented into atomic clocks, magnetic sensors, PAR sensors, and others. Among sensors, the atomic clock segment accounts for the highest revenue in 2021 and is expected to grow at an early CAGR from 2021 to 2030.

Magnetic sensors are projected to grow at a mid-teen CAGR from 2021 to 2030. Quantum computing is further segmented based on application and deployment. Based on application, the global quantum computing market is segmented into machine learning, optimization, and simulations. Among these, the Optimization segment accounts for the highest revenue in 2021 and is expected to show a high double-digit CAGR from 2021 to 2030.

The simulations segment is expected to grow at a high double-digit CAGR from 2021 to 2030. Based on deployment, the global quantum computing market is sub-segmented into on-premises and cloud-based. Among these, cloud-based deployment accounts for the highest revenue in 2021 and is expected to grow at a high double-digit CAGR from 2021 to 2030.

On the basis of product, the global quantum technologies market is divided into hardware, software and services. Among these, the Hardware segment accounts for the highest revenue in 2021 and is expected to grow at a mid-teen CAGR from 2021 to 2030. The service segment is expected to grow at a high double-digit CAGR of 2021 to 2030.

Based on end users, the global quantum technology market is segmented into healthcare, banking, financial services and insurance (BFSI), energy, oil and gas, chemicals and materials science, logistics and distribution, aerospace, defense and others . Among these, Aerospace segment accounts for the highest revenue in 2021 and is expected to grow at a high double-digit CAGR from 2021 to 2030. Healthcare segment is expected to grow at a high double-digit CAGR from 2021 to 2030.

North America accounted for the largest revenues in 2021 and are expected to grow at a high double-digit CAGR from 2021 to 2030. The factors such as increasing R&D spending, growing industries, establishment of quantum research centers, the development of a national strategy by the government, the presence of large technology companies, the growing collaboration between quantum technology companies and industries, and the growing number of quantum computing start-ups are driving the market for quantum technologies in the region.

Europe is expected to grow at a high double-digit CAGR from 2021 to 2030. Factors such as industry growth, launch of quantum research programs with government investments, development of various consortia by collaborating with major industrial partners, small and medium-sized enterprises (SMEs), start-ups and research organizations to build quantum computer into usable industrial applications, increase private venture capital funding, launch new research programmers, increase business collaboration and quantum technology industries, collaboration with other countries, merger between quantum technology companies to explore different application areas and growing activities of start-ups are driving the quantum technology market in the region.

The global quantum technologies market is competitive and all the players in this market are involved in strategic collaborations, partnerships, mergers and new product launches in quantum technologies to expand their product portfolio and maintain their market shares.

Factors influencing the market

Drivers and Opportunities

  • Increased public funding and private investment

  • Increase investment in research and development (R&D)

  • Strategic collaboration, mergers and technology partnerships in quantum technologies

  • Emergence of mobile and practical quantum processors requiring less sophisticated environment and development of advanced quantum technologies

Constraints and threats

  • Lack of qualified personnel

  • High cost and complexity associated with the development of quantum technologies

  • The cryptographic risk associated with quantum computing

Porter’s Five Forces Analysis

Patent analysis

Funding analysis

Transaction analysis

  • Transaction analysis (industries, universities, governments and quantum technology companies)

  • Transaction analysis (within quantum technology companies)

  • Quantum technologies (mergers and acquisitions)

Quantum Technologies (New Product Launch)

Quantum Technology Partnerships

Matrix of quantum technology companies

Market share analysis based on key players

Major players in the global quantum technologies market include

Companies cited

  • QBit

  • A quantum star

  • AegiQ

  • Agnostic, Inc.

  • Algorithm

  • Alibaba’s Quantum Computing

  • Alice and Bob

  • Aliro Quantum

  • Alphabet Inc. (Google)

  • Alpine quantum technologies

  • Amazon

  • Apogee Instrument Inc.

  • Archer Materials Limited

  • Arqit Limited

  • Atomic Computing

  • Atomionic

  • Atos SE

  • AUREA Technology

  • Baidu

  • Bleximo

  • BOLTZ.AI

  • BosonQPsi

  • boxcat inc.

  • quantum bristol

  • C12 quantum electronics

  • Classic

  • CogniFrame Inc.

  • ColdQuanta

  • Quantum Crypto

  • D-Wave Systems, Inc.

  • EeroQ

  • eleQtron

  • Eliah

  • Tangled networks

  • Entropica Laboratories

  • Equal1

  • Fujitsu Inc.

  • Hitachi Ltd.

  • Honeywell International Inc (Quantinuum)

  • Horizon Quantum Computing

  • HQS quantum simulation

  • HRL Laboratories

  • Huawei Technologies Co., Ltd.

  • Quantum ID

  • Infineon

  • infinite

  • intel company

  • International Business Machines Corporation (IBM)

  • IonQ

  • IQM Finland Oy

  • KEEQant

  • KETS Quantum Security

  • Keysight Technologies, Inc.

  • Ki3 photonics and quantum bridge technologies

  • M square lasers

  • MagiQ Technologies Inc.

  • Microchip Technology Inc.

  • Microsoft Corporation

  • M-Squared Lasers Limited

  • Multiverse Computing

  • NextGenQ

  • Nokia Bell Labs

  • Quantum North

  • quantum nude

  • ORCA Computing Ltd

  • original quantum

  • Oxford Ionics

  • QC Parity

  • Pascal

  • Phasecraft

  • PQShieldName

  • PsiQuantum

  • QC Items

  • Q-CTRL

  • Qike Quantum

  • Qilimanjaro Quantum Tech

  • Qnami AG

  • QNu Laboratories

  • QphoX

  • QpiAI

  • whenela

  • Quantica Computacao

  • QuantrolOx

  • Quantum Brilliance

  • Quantum Circuits, Inc. (QCI)

  • Quantum Computing Inc.

  • Quantum dice

  • Quantum Generative Materials LLC

  • quantum machines

  • Quantum Motion Technologies Ltd.

  • Quantum Exchange

  • Quantum South

  • quantware

  • Qubitek

  • QuEra Computing

  • Quintessence Labs

  • Quantum QuiX

  • QunaSys Inc.

  • Computing Rigetti

  • Alley

  • SaxonQ

  • SeeQC

  • UK SEEQC and others

  • Silicofeler

  • quantum sparrow

  • Specter Technologies Inc.

  • Spectral

  • SpinQ Technology Inc.

  • Quantum Terra

  • think quantum

  • Toshiba Company

  • Universal Quantum

  • Xanadu Quantum Technologies Inc.

  • XeedQ

  • Zapata Computing, Inc.

For more information on this report, visit https://www.researchandmarkets.com/r/jwj98a

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