Quantum Computing Market Size 2021-2031 | Drivers
The Quantum Computing Market is expected to register a CAGR of 21.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product Type (System, Services); Offering (On Premises, Cloud based); Application (Simulation, Optimization , Machine Learning, Others); Technology (Trapped Ions, Superconducting Qubits, Quantum Annealing, Others); End-Use Industry (Space and Defense, Banking and Finance, Healthcare and Pharmaceuticals, Energy and Power, Government, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Quantum Computing Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Quantum Computing Market Segmentation
Product Type- System
- Services
- On Premises
- Cloud based
- Simulation
- Optimization
- Machine Learning
- Others
- Trapped Ions
- Superconducting Qubits
- Quantum Annealing
- Others
- Trapped Ions
- Superconducting Qubits
- Quantum Annealing
- Others
Strategic Insights
Quantum Computing Market Growth Drivers- Advancements in Quantum Hardware and Algorithms: Expansions of the market are considered to mainly be fueled by advances in quantum computing hardware and algorithms. The primary development has been in qubits, the basic element that makes up the quantum. The betterment in coherence times of qubits, methods of correcting errors, and quantum gate technology will improve the reliability and scalability of a quantum computer. Advances in quantum algorithms, such as those for optimization, machine learning, and cryptography, are also making quantum computing more applicable to real-world problems. This progress is fueling the interest and adoption of quantum technologies across various sectors.
- Rising Demand for High-Performance Computing (HPC): As industries such as pharmaceuticals, materials science, and finance demand more sophisticated simulations, models, and analyses, there is a growing need for high-performance computing (HPC) systems. Quantum computing promises to fulfill this demand by processing extensive inputs or solving enormously complex problems at dramatic speeds. An illustration would be that quantum computers can model molecular interactions in drug discovery or financial markets more precisely and faster than classical systems. As the demand for more powerful computing continues to grow, quantum computing is increasingly viewed as a tool capable of delivering solutions that cannot be achieved by classical supercomputers.
- The Push for Sustainability and Innovation: Quantum computing can handle several of the world's most complex problems, ranging from sustainability and energy efficiency to climate change. Quantum simulations enable insights into new materials to be used in the search for clean energy solutions, optimize supply chains, and potentially help design more energy-efficient processes. In fact, as industries push toward greater sustainability and innovation, quantum computing is thought of as an essential enabler of new solutions that simply cannot be achieved through classical means.
- Increased Investment and Commercialization Efforts: The quantum computing market is seeing a surge in investment and commercialization efforts from both public and private sectors. Major technology companies (e.g., IBM, Google, Microsoft, and Intel) as well as startups are heavily investing in quantum research and development. Governments around the world are also increasing funding for quantum initiatives, recognizing the strategic importance of this emerging technology. This influx of investment is accelerating the progress toward commercial quantum computing systems. As a result, we are seeing more partnerships between quantum hardware developers, cloud computing platforms, and industries such as pharmaceuticals, aerospace, and finance, aiming to unlock the potential of quantum computing for practical, industry-specific use cases.
- Government and Corporate Investments: Government and corporate investments are driving rapid advancements in quantum computing. The major global economies, such as the United States, China, and the European Union, are heavily funding quantum research initiatives to maintain technological leadership and secure their competitive advantage. Similarly, large technology companies such as Google, IBM, Microsoft, and Intel are pumping billions of dollars into research and development into quantum computing. This in turn drives innovation, creates partnerships, and accelerates the commercialization of quantum technologies. All these contribute to market growth.
- Security and Cryptography: One of the major needs that drives the quantum computing market is the need for better security, especially in cryptography and cybersecurity. Quantum computers will break most of the existing methods of encryption used in securing digital communications, data, and financial transactions. The focus, then, is on developing quantum-resistant encryption techniques that would withstand these attacks from potential future quantum computers. Such an increasing awareness of this cybersecurity challenge is forcing organizations to invest their money into research in quantum computing, to develop secure methods of encryption, or even future-proof their systems.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Quantum Computing Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Quantum Computing Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The Quantum Computing Market is estimated to witness a CAGR of 21.7% from 2023 to 2031
The major factors driving the quantum computing market are:
1. Advancements in Quantum Hardware and Algorithms
2. Rising Demand for High-Performance Computing (HPC)
The Push for Sustainability and Innovation is anticipated to play a significant role in the global quantum computing market in the coming years
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation as our team would review the same and check the feasibility
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Quantum Computing Market - By Product Type
1.3.2 Quantum Computing Market - By Offering
1.3.3 Quantum Computing Market - By Application
1.3.4 Quantum Computing Market - By Technology
1.3.5 Quantum Computing Market - By End-Use Industry
1.3.6 Quantum Computing Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. QUANTUM COMPUTING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. QUANTUM COMPUTING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. QUANTUM COMPUTING MARKET - GLOBAL MARKET ANALYSIS
6.1. QUANTUM COMPUTING - GLOBAL MARKET OVERVIEW
6.2. QUANTUM COMPUTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. QUANTUM COMPUTING MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. SYSTEM
7.3.1. Overview
7.3.2. System Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. QUANTUM COMPUTING MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING
8.1. OVERVIEW
8.2. OFFERING MARKET FORECASTS AND ANALYSIS
8.3. ON PREMISES
8.3.1. Overview
8.3.2. On Premises Market Forecast and Analysis
8.4. CLOUD BASED
8.4.1. Overview
8.4.2. Cloud based Market Forecast and Analysis
9. QUANTUM COMPUTING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. SIMULATION
9.3.1. Overview
9.3.2. Simulation Market Forecast and Analysis
9.4. OPTIMIZATION
9.4.1. Overview
9.4.2. Optimization Market Forecast and Analysis
9.5. MACHINE LEARNING
9.5.1. Overview
9.5.2. Machine Learning Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. QUANTUM COMPUTING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
10.1. OVERVIEW
10.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
10.3. TRAPPED IONS
10.3.1. Overview
10.3.2. Trapped Ions Market Forecast and Analysis
10.4. SUPERCONDUCTING QUBITS
10.4.1. Overview
10.4.2. Superconducting Qubits Market Forecast and Analysis
10.5. QUANTUM ANNEALING
10.5.1. Overview
10.5.2. Quantum Annealing Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. QUANTUM COMPUTING MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
11.1. OVERVIEW
11.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
11.3. SPACE AND DEFENSE
11.3.1. Overview
11.3.2. Space and Defense Market Forecast and Analysis
11.4. BANKING AND FINANCE
11.4.1. Overview
11.4.2. Banking and Finance Market Forecast and Analysis
11.5. HEALTHCARE AND PHARMACEUTICALS
11.5.1. Overview
11.5.2. Healthcare and Pharmaceuticals Market Forecast and Analysis
11.6. ENERGY AND POWER
11.6.1. Overview
11.6.2. Energy and Power Market Forecast and Analysis
11.7. GOVERNMENT
11.7.1. Overview
11.7.2. Government Market Forecast and Analysis
11.8. OTHERS
11.8.1. Overview
11.8.2. Others Market Forecast and Analysis
12. QUANTUM COMPUTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Quantum Computing Market Overview
12.1.2 North America Quantum Computing Market Forecasts and Analysis
12.1.3 North America Quantum Computing Market Forecasts and Analysis - By Product Type
12.1.4 North America Quantum Computing Market Forecasts and Analysis - By Offering
12.1.5 North America Quantum Computing Market Forecasts and Analysis - By Application
12.1.6 North America Quantum Computing Market Forecasts and Analysis - By Technology
12.1.7 North America Quantum Computing Market Forecasts and Analysis - By End-Use Industry
12.1.8 North America Quantum Computing Market Forecasts and Analysis - By Countries
12.1.8.1 United States Quantum Computing Market
12.1.8.1.1 United States Quantum Computing Market by Product Type
12.1.8.1.2 United States Quantum Computing Market by Offering
12.1.8.1.3 United States Quantum Computing Market by Application
12.1.8.1.4 United States Quantum Computing Market by Technology
12.1.8.1.5 United States Quantum Computing Market by End-Use Industry
12.1.8.2 Canada Quantum Computing Market
12.1.8.2.1 Canada Quantum Computing Market by Product Type
12.1.8.2.2 Canada Quantum Computing Market by Offering
12.1.8.2.3 Canada Quantum Computing Market by Application
12.1.8.2.4 Canada Quantum Computing Market by Technology
12.1.8.2.5 Canada Quantum Computing Market by End-Use Industry
12.1.8.3 Mexico Quantum Computing Market
12.1.8.3.1 Mexico Quantum Computing Market by Product Type
12.1.8.3.2 Mexico Quantum Computing Market by Offering
12.1.8.3.3 Mexico Quantum Computing Market by Application
12.1.8.3.4 Mexico Quantum Computing Market by Technology
12.1.8.3.5 Mexico Quantum Computing Market by End-Use Industry
12.2. EUROPE
12.2.1 Europe Quantum Computing Market Overview
12.2.2 Europe Quantum Computing Market Forecasts and Analysis
12.2.3 Europe Quantum Computing Market Forecasts and Analysis - By Product Type
12.2.4 Europe Quantum Computing Market Forecasts and Analysis - By Offering
12.2.5 Europe Quantum Computing Market Forecasts and Analysis - By Application
12.2.6 Europe Quantum Computing Market Forecasts and Analysis - By Technology
12.2.7 Europe Quantum Computing Market Forecasts and Analysis - By End-Use Industry
12.2.8 Europe Quantum Computing Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Quantum Computing Market
12.2.8.1.1 Germany Quantum Computing Market by Product Type
12.2.8.1.2 Germany Quantum Computing Market by Offering
12.2.8.1.3 Germany Quantum Computing Market by Application
12.2.8.1.4 Germany Quantum Computing Market by Technology
12.2.8.1.5 Germany Quantum Computing Market by End-Use Industry
12.2.8.2 France Quantum Computing Market
12.2.8.2.1 France Quantum Computing Market by Product Type
12.2.8.2.2 France Quantum Computing Market by Offering
12.2.8.2.3 France Quantum Computing Market by Application
12.2.8.2.4 France Quantum Computing Market by Technology
12.2.8.2.5 France Quantum Computing Market by End-Use Industry
12.2.8.3 Italy Quantum Computing Market
12.2.8.3.1 Italy Quantum Computing Market by Product Type
12.2.8.3.2 Italy Quantum Computing Market by Offering
12.2.8.3.3 Italy Quantum Computing Market by Application
12.2.8.3.4 Italy Quantum Computing Market by Technology
12.2.8.3.5 Italy Quantum Computing Market by End-Use Industry
12.2.8.4 United Kingdom Quantum Computing Market
12.2.8.4.1 United Kingdom Quantum Computing Market by Product Type
12.2.8.4.2 United Kingdom Quantum Computing Market by Offering
12.2.8.4.3 United Kingdom Quantum Computing Market by Application
12.2.8.4.4 United Kingdom Quantum Computing Market by Technology
12.2.8.4.5 United Kingdom Quantum Computing Market by End-Use Industry
12.2.8.5 Russia Quantum Computing Market
12.2.8.5.1 Russia Quantum Computing Market by Product Type
12.2.8.5.2 Russia Quantum Computing Market by Offering
12.2.8.5.3 Russia Quantum Computing Market by Application
12.2.8.5.4 Russia Quantum Computing Market by Technology
12.2.8.5.5 Russia Quantum Computing Market by End-Use Industry
12.2.8.6 Rest of Europe Quantum Computing Market
12.2.8.6.1 Rest of Europe Quantum Computing Market by Product Type
12.2.8.6.2 Rest of Europe Quantum Computing Market by Offering
12.2.8.6.3 Rest of Europe Quantum Computing Market by Application
12.2.8.6.4 Rest of Europe Quantum Computing Market by Technology
12.2.8.6.5 Rest of Europe Quantum Computing Market by End-Use Industry
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Quantum Computing Market Overview
12.3.2 Asia-Pacific Quantum Computing Market Forecasts and Analysis
12.3.3 Asia-Pacific Quantum Computing Market Forecasts and Analysis - By Product Type
12.3.4 Asia-Pacific Quantum Computing Market Forecasts and Analysis - By Offering
12.3.5 Asia-Pacific Quantum Computing Market Forecasts and Analysis - By Application
12.3.6 Asia-Pacific Quantum Computing Market Forecasts and Analysis - By Technology
12.3.7 Asia-Pacific Quantum Computing Market Forecasts and Analysis - By End-Use Industry
12.3.8 Asia-Pacific Quantum Computing Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Quantum Computing Market
12.3.8.1.1 Australia Quantum Computing Market by Product Type
12.3.8.1.2 Australia Quantum Computing Market by Offering
12.3.8.1.3 Australia Quantum Computing Market by Application
12.3.8.1.4 Australia Quantum Computing Market by Technology
12.3.8.1.5 Australia Quantum Computing Market by End-Use Industry
12.3.8.2 China Quantum Computing Market
12.3.8.2.1 China Quantum Computing Market by Product Type
12.3.8.2.2 China Quantum Computing Market by Offering
12.3.8.2.3 China Quantum Computing Market by Application
12.3.8.2.4 China Quantum Computing Market by Technology
12.3.8.2.5 China Quantum Computing Market by End-Use Industry
12.3.8.3 India Quantum Computing Market
12.3.8.3.1 India Quantum Computing Market by Product Type
12.3.8.3.2 India Quantum Computing Market by Offering
12.3.8.3.3 India Quantum Computing Market by Application
12.3.8.3.4 India Quantum Computing Market by Technology
12.3.8.3.5 India Quantum Computing Market by End-Use Industry
12.3.8.4 Japan Quantum Computing Market
12.3.8.4.1 Japan Quantum Computing Market by Product Type
12.3.8.4.2 Japan Quantum Computing Market by Offering
12.3.8.4.3 Japan Quantum Computing Market by Application
12.3.8.4.4 Japan Quantum Computing Market by Technology
12.3.8.4.5 Japan Quantum Computing Market by End-Use Industry
12.3.8.5 South Korea Quantum Computing Market
12.3.8.5.1 South Korea Quantum Computing Market by Product Type
12.3.8.5.2 South Korea Quantum Computing Market by Offering
12.3.8.5.3 South Korea Quantum Computing Market by Application
12.3.8.5.4 South Korea Quantum Computing Market by Technology
12.3.8.5.5 South Korea Quantum Computing Market by End-Use Industry
12.3.8.6 Rest of Asia-Pacific Quantum Computing Market
12.3.8.6.1 Rest of Asia-Pacific Quantum Computing Market by Product Type
12.3.8.6.2 Rest of Asia-Pacific Quantum Computing Market by Offering
12.3.8.6.3 Rest of Asia-Pacific Quantum Computing Market by Application
12.3.8.6.4 Rest of Asia-Pacific Quantum Computing Market by Technology
12.3.8.6.5 Rest of Asia-Pacific Quantum Computing Market by End-Use Industry
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Quantum Computing Market Overview
12.4.2 Middle East and Africa Quantum Computing Market Forecasts and Analysis
12.4.3 Middle East and Africa Quantum Computing Market Forecasts and Analysis - By Product Type
12.4.4 Middle East and Africa Quantum Computing Market Forecasts and Analysis - By Offering
12.4.5 Middle East and Africa Quantum Computing Market Forecasts and Analysis - By Application
12.4.6 Middle East and Africa Quantum Computing Market Forecasts and Analysis - By Technology
12.4.7 Middle East and Africa Quantum Computing Market Forecasts and Analysis - By End-Use Industry
12.4.8 Middle East and Africa Quantum Computing Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Quantum Computing Market
12.4.8.1.1 South Africa Quantum Computing Market by Product Type
12.4.8.1.2 South Africa Quantum Computing Market by Offering
12.4.8.1.3 South Africa Quantum Computing Market by Application
12.4.8.1.4 South Africa Quantum Computing Market by Technology
12.4.8.1.5 South Africa Quantum Computing Market by End-Use Industry
12.4.8.2 Saudi Arabia Quantum Computing Market
12.4.8.2.1 Saudi Arabia Quantum Computing Market by Product Type
12.4.8.2.2 Saudi Arabia Quantum Computing Market by Offering
12.4.8.2.3 Saudi Arabia Quantum Computing Market by Application
12.4.8.2.4 Saudi Arabia Quantum Computing Market by Technology
12.4.8.2.5 Saudi Arabia Quantum Computing Market by End-Use Industry
12.4.8.3 U.A.E Quantum Computing Market
12.4.8.3.1 U.A.E Quantum Computing Market by Product Type
12.4.8.3.2 U.A.E Quantum Computing Market by Offering
12.4.8.3.3 U.A.E Quantum Computing Market by Application
12.4.8.3.4 U.A.E Quantum Computing Market by Technology
12.4.8.3.5 U.A.E Quantum Computing Market by End-Use Industry
12.4.8.4 Rest of Middle East and Africa Quantum Computing Market
12.4.8.4.1 Rest of Middle East and Africa Quantum Computing Market by Product Type
12.4.8.4.2 Rest of Middle East and Africa Quantum Computing Market by Offering
12.4.8.4.3 Rest of Middle East and Africa Quantum Computing Market by Application
12.4.8.4.4 Rest of Middle East and Africa Quantum Computing Market by Technology
12.4.8.4.5 Rest of Middle East and Africa Quantum Computing Market by End-Use Industry
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Quantum Computing Market Overview
12.5.2 South and Central America Quantum Computing Market Forecasts and Analysis
12.5.3 South and Central America Quantum Computing Market Forecasts and Analysis - By Product Type
12.5.4 South and Central America Quantum Computing Market Forecasts and Analysis - By Offering
12.5.5 South and Central America Quantum Computing Market Forecasts and Analysis - By Application
12.5.6 South and Central America Quantum Computing Market Forecasts and Analysis - By Technology
12.5.7 South and Central America Quantum Computing Market Forecasts and Analysis - By End-Use Industry
12.5.8 South and Central America Quantum Computing Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Quantum Computing Market
12.5.8.1.1 Brazil Quantum Computing Market by Product Type
12.5.8.1.2 Brazil Quantum Computing Market by Offering
12.5.8.1.3 Brazil Quantum Computing Market by Application
12.5.8.1.4 Brazil Quantum Computing Market by Technology
12.5.8.1.5 Brazil Quantum Computing Market by End-Use Industry
12.5.8.2 Argentina Quantum Computing Market
12.5.8.2.1 Argentina Quantum Computing Market by Product Type
12.5.8.2.2 Argentina Quantum Computing Market by Offering
12.5.8.2.3 Argentina Quantum Computing Market by Application
12.5.8.2.4 Argentina Quantum Computing Market by Technology
12.5.8.2.5 Argentina Quantum Computing Market by End-Use Industry
12.5.8.3 Rest of South and Central America Quantum Computing Market
12.5.8.3.1 Rest of South and Central America Quantum Computing Market by Product Type
12.5.8.3.2 Rest of South and Central America Quantum Computing Market by Offering
12.5.8.3.3 Rest of South and Central America Quantum Computing Market by Application
12.5.8.3.4 Rest of South and Central America Quantum Computing Market by Technology
12.5.8.3.5 Rest of South and Central America Quantum Computing Market by End-Use Industry
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. QUANTUM COMPUTING MARKET, KEY COMPANY PROFILES
14.1. CAMBRIDGE QUANTUM COMPUTING LTD
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. D-WAVE SYSTEMS
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. GOOGLE
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. HUAWEI TECHNOLOGIES CO. LTD.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. IBM CORPORATION
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. INTEL CORPORATION
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. MICROSOFT CORPORATION
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. QCWARE
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. RIGETTI COMPUTING
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. HONEYWELL INTERNATIONAL
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Cambridge Quantum Computing Ltd
2. D-Wave Systems
3. Google
4. Huawei Technologies Co. Ltd.
5. IBM Corporation
6. Intel Corporation
7. Microsoft Corporation
8. QCWare
9. Rigetti Computing
10. Honeywell International
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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