According to a new report, published by KBV research, The Global Enterprise Quantum Computing Market size is expected to reach $6.4 billion by 2028, rising at a market growth of 24.4% CAGR during the forecast period.
The On-premises market is leading the Global Enterprise Quantum Computing Market by Deployment Mode in 2021; thereby, achieving a market value of $3.5 billion by 2028. Use cases for simulation, optimization and machine learning algorithms may be sped up using quantum computing. Due to compliance, regulatory, and privacy concerns, businesses are increasingly looking to consume data and run traditional workloads in private, on-premises environments.
The Quantum Annealing market is poised to grow at a CAGR of 24.7% during (2022 - 2028). QA is an optimization technique that uses quantum fluctuations to identify the global minimum of an objective function among a group of potential solutions. Finding the ground state of a spin glass or the traveling salesman problem are two examples of tasks where quantum annealing is primarily employed. These problems include discrete search spaces with several local minima.
The Cyber security market acquired maximum revenue share the Global Enterprise Quantum Computing Market by Application in 2021; thereby, achieving a market value of $2.0 billion by 2028. Quantum computers, on a large scale, will substantially enhance the computational capability, opening up new opportunities for enhancing cyber security. Cyber assaults from the quantum era will be able to be detected and thwarted before they do damage owing to quantum-era security. More reliable and persuasive options to protect sensitive and private data may be offered by quantum Cybersecurity than are now available.
The Software market is exhibiting a CAGR of 24.6% during (2022 - 2028). The category is expected to expand in the near future as a result of the increase in startups globally and significant expenditures in computing technology-related R&D activities. Applications for deep learning, optimization, and simulation leverage this information technology, leading to more effective operations and reduced operating costs across a range of industries.
The BFSI market is generating high revenue in the Global Enterprise Quantum Computing Market by Vertical in 2021; thereby, achieving a market value of $1.7 billion by 2028. Inflation detection, portfolio risk optimization, trade trajectory optimization, risk modeling, market instability detection, trading techniques, and asset price optimization are just a few of the complex problems that quantum computers can handle with unparalleled speed. Financial applications of quantum computing might allow for the development of novel, ground-breaking procedures. In contrast to the present conventional binary computing methodologies, quantum computers may work on several answers at once and provide new ways to model financial data.
The North America market dominated the Global Enterprise Quantum Computing Market by Region in 2021; thereby, achieving a market value of $2.4 billion by 2028. The Europe market is registering a CAGR of 23.9% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 25.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/enterprise-quantum-computing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Alibaba Group Holding Limited, D-Wave Systems Inc., Google Llc, Huawei Technologies Co. Ltd., Id Quantique, Intel Corporation, IBM Corporation, Microsoft Corporation, Rigetti & Co, Inc., and Toshiba Corporation
By Deployment Mode
By Technology
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By Component
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Companies Profiled
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