Quantum Computing as a Service (QCaaS) Market Size, Share Analysis, Key Companies, and Forecast To 2028

The global quantum computing (QC) market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period

Reports and Data has published a new report on global Quantum Computing as a Service (QCaaS) Market to offer comprehensive analysis of current and emerging market trends along with key developments in the industry to help user, reader and investors understand the market scenario precisely. The global The report offers in-depth information about market revenue growth, market size, drivers, restraints, growth opportunities and limitations.  

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 Market Overview:

The information and communication technology sector is rapidly gaining traction owing to increasing concerns about data security, rapid advancements in ICT sector and high demand of advanced services and devices. Over the recent years, there has been rising concerns about data breaching in hospitals, corporates, multinational companies and various industries. Revenue growth of the global market is significantly driven by increasing adoption of digitalization, high penetration of internet and smart devices and advanced technologies such as internet of things (IoT) and Artificial Intelligence. In addition, extensive use of ICT in several sections such as healthcare and hospital, agriculture, financial services among others, rising demand for cloud computing services for handling large data and rising investments in research and development activities are expected to fuel market growth.

Competitive Landscape:

The global Quantum Computing as a Service (QCaaS) Market is extremely competitive and comprise various global and regional players. These market players are adopting various strategies such as mergers and acquisitions, collaborations, partnerships joint ventures, collaborations, and research and development investments to strengthen their market position and expand their product base. Some of the key companies operating in the global Quantum Computing as a Service (QCaaS) Market include:

  • Research at Google – Google Inc.
  • Station Q – Microsoft Corporation
  • Qxbranch, Inc.
  • QC Ware Corp.
  • International Business Machines Corporation (IBM)
  • D-Wave Systems Inc.
  • 1QB Information Technologies Inc.
  • Cambridge Quantum Computing Ltd.
  • River Lane Research
  • Rigetti Computing

Global Quantum Computing as a Service (QCaaS) Market segmentation:

Offering Outlook (Revenue, USD Billion; 2018-2028)

  • Systems
  • Services
  • Quantum Computing as a Service (QCaaS)
  • Consulting Services

Deployment Mode Outlook (Revenue, USD Billion; 2018-2028)

  • On-premises
  • Cloud-based

Technology

Outlook (Revenue, USD Billion; 2018-2028)

  • Trapped Ions
  • Quantum Annealing
  • Superconducting Qubits
  • Others (Topological, Photonic, etc.)

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Optimization
  • Simulation
  • Machine Learning
  • Others (Quantum Chemistry, Quantum Finance, etc.)

End-Use Industry

Outlook (Revenue, USD Billion; 2018-2028)

  • Banking Finance
  • Pharma Healthcare
  • Aerospace Defense
  • Energy Power
  • Transportation Logistics
  • Chemical
  • Academia
  • Government
  • Others

Regional Outlook:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

Key objectives of the report:

  • Details about revenue growth, market size, drivers, opportunities, constraints
  • Historical and forecast revenue of the key segments, products, applications and detailed analysis of the regions in the market
  • Production capacity, revenue, pricing structure, market share, and CAGR.
  • To offer insights about current market position, forecast estimation, competitive landscape and research and development activities

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