Quantum Players - revolution in technology

The quantum market is still in its infancy, but it's already sparking a revolution in technology. We are witnessing exciting and unprecedented growth in this market with a growing media interest and peak in quantum tech startups in 2021. By 2025, the market size is expected to grow from about $3.5 billion to $10 billion. Then Between 2025 and 2030, that estimate increases to $25 billion to $65 billion expectation. The range of compound annual growth rate, CAGR, of the total market is between 70%- 80% from 2021 to 2025 and, from 2025 to 2030, as the market matures, CAGR is predicted to be between 39% to 45%.  With these enticing numbers and a financial and strategic advantage gain at the end of this, big tech companies such as Google, Microsoft, Amazon, IBM, and Intel are heavily invested in building their own quantum computers and developing applications around enterprise use cases.  

The current geopolitical and health circumstances have only positively impacted this market and revealed our rising dependence upon digital computing solutions. The emergence of a vis and the potential of a World War accelerated our need to adopt and develop a more efficient work-from-home infrastructure. Rapid digitization and the adoption of advanced software may boost the adoption of the product. Furthermore, the rising adoption of e-commerce is expected to support industrial progress during the pandemic.

Players Profiled in the Quantum Computing Market Report

•   IBM Corporation (New York, U.S.)

•   D-Wave Systems Inc. (Burnaby, Canada)

•   Cambridge Quantum Computing Ltd. (Cambridge, U.K.)

•   Intel Corporation (California, U.S.)

•   Rigetti & Co, Inc. (California, U.S.)

•   Google LLC (California, U.S.)

•   Quantica Computacao (Tamil Nadu, India)

•   Zapata Computing (Massachusetts, U.S.)

•   XANADU (Toronto, Canada)

•   Accenture Plc. (Dublin, Ireland)