Precision Business Insights has published a report on the global quantum computing market, estimating its value at USD 653.6 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 25.4% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/quantum-computing-market

Market Definition:

The next generation of computer technology known as "quantum computing" processes information using concepts from quantum mechanics, including superposition, entanglement, and quantum tunneling.

Drivers:

1) Demand for hig performance computing.
2) Advacnments in quntam hardware.

The global quantum computing market segmentation:

1) By Component: Hardware, Software, and Services.
2) By Deployment: On-Premise, and Cloud.
3) By Application: Machine Learning, Optimization, Biomedical Simulations, Financial Services, Electronic Material Discovery, and Others.
4) By End User: Healthcare, Banking, Financial Services and Insurance (BFSI), Automotive, Researchers, Energy and Utilities, Chemical, Manufacturing, Education, and Others Retail.

Regional Overview:
The report also examines the current concerns and their Future Effects on the quantum computing market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the quantum computing market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like IBM Quantum | Google Quantum AI | Microsoft Quantum | Intel Labs | Amazon Braket (AWS) | D-Wave Systems | Rigetti Computing | IonQ | Honeywell Quantum Solutions | Fujitsu | Alibaba Quantum Laboratory | Baidu Quantum | Tencent Quantum Lab | Xanadu | PsiQuantum | Quantum Circuits Inc. (QCI) | QuEra Computing | Pasqal | Oxford Quantum Circuits (OQC) | ColdQuanta (Infleqtion) | Atos Quantum | Toshiba Quantum Technology | Zapata Computing | QC Ware | Terra Quantum | 1QBit | Cambridge Quantum (Quantinuum) | Quantinuum (Honeywell + Cambridge Quantum) | Menten AI | Multiverse Computing | Alpine Quantum Technologies | NEC Corporation | Quantum Brilliance | eeroQ | Bluefors | Keysight Technologies (Quantum Test & Measurement) | Q-CTRL | Quantum Machines | Quantum Motion | Horizon Quantum Computing | QunaSys | ZTE Quantum | Mitsubishi Electric Quantum Research | SK Telecom Quantum Research | IBM Research Zurich | NTT Research (Japan) | Hitachi Quantum Research | Toshiba Europe Labs | Rigetti UK | IBM Research Tokyo | Aliro Quantum

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