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Global Quantum Computing Market to Reach $4.67 Billion by 2030: Cognitive Market ResearchCHICAGO, Feb. 14, 2023 /PRNewswire/ -- The Global Quantum Computing Market size is projected to be USD 4.67 Billion by 2030 growing at a CAGR of 32.5% from 2023 to 2030, as per a recent market report published by Cognitive Market Research. Increased investment in quantum computing and increased numerous strategic partnerships and collaborations among key suppliers is expected to drive growth of this market. For instance, in July 2022, JSR and Quantinuum will cooperate to carry out research on the application of quantum computing in the semiconductor industry.  Major findings during the study of the Quantum Computing Market:
Read Full Market Analysis Quantum Computing Market By Component (Hardware, Software and Services), By Deployment (On-premise and Cloud), By Application (Optimization, Machine Learning, Finacial Services, Biomedical Simulation, Electronic Material Discovery, and Others) By Industry Vertical (Aerospace & Defense, BFSI, Energy & Power, Healthcare, IT & Telecommunication, Transportation, and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030 Snapshot:
Quantum Computing Market Growth and Trends The growing demand for high-performance computing, increasing demand for SaaS business models, and rising data center workloads are factors expected to drive market growth. Increasing government investment in quantum computing technology, growing rate of cybercrimes, and stringent government initiatives for the development of this technology is boosting the market growth. Governments worldwide intend to increase exploratory research into new technologies to build and develop quantum computing systems. The development of the global quantum computing market is expected to benefit from increased government spending on such widely used solutions. Integrating cloud computing and big data analytics to offer enhanced services to various industries further influence the market. The R&D activities improve hardware and software processing solutions for deep learning. In addition, rapid urbanization, change in lifestyle, the surge in investments, and increased consumer spending positively impact the quantum computing market. Read the Full Report and access the Table of Contents/Book an appointment with Research Analyst: https://www.cognitivemarketresearch.com/quantum-computing-market-report COVID-19 has negatively impacted the quantum computing market due to strict lockdowns and social distancing to curb the spread of the virus. Economic uncertainty, business closures, and low consumer confidence have impacted demand for quantum computing technology. Supply chains have been hampered during the pandemic, and logistics activities have been delayed. However, the quantum computing market is expected to recover post-pandemic due to the easing of restrictions. Quantum Computing Market Report Scope Quantum Computing Market - Component Type Outlook (Revenue, USD Billion, 2018–2030)
Quantum Computing Market - Deployment Type Outlook (Revenue, USD Billion, 2018–2030)
Quantum Computing Market - Application Type Outlook (Revenue, USD Billion, 2018–2030)
Quantum Computing Market - Industry Vertical Type Outlook (Revenue, USD Billion, 2018–2030)
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List Of Key Companies Profiled:
Related Reports on Quantum Computing Market:
The global enterprise quantum computing market is expected to reach USD 18.21 billion by 2030 growing at a CAGR of 34.70%. Increasing awareness about quantum computing applications due to the rise in cybercrimes, in defense and in automotive units. Also, BFSI taken certain initiatives are the prime factors promoting enterprise quantum computing market growth. Growing funding in quantum computing technology, rising demand for high-performance computing applications, immense development in medical research activities, and the presence of the financial market have driven the growth. Rising adoption of securing platforms and the increasing use of simulation and modeling, has helped in boosting the market size.
Quantum Cryptography Market is expected to be worth USD 345.21 million in 2030 and grow at a CAGR of 19.3 %. The growing number of relevant devices is confusing cyber risk management and increasing the frequency of objectionable cyber incidents globally. As a result, cyberattacks are becoming more common and increasingly targeting businesses and government sectors. The increasing use of the web for computerized business activities and communications, including private documents, has increased the need for data encryption to protect this knowledge from third-party access. Other Related Reports:
Explore Other Cognitive Market Research's Service & Software Industry Report About Cognitive Market Research Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly. Follow Us: LinkedIn | Twitter How to Contact Us: Nicolas Shaw Logo: https://mma.prnewswire.com/media/1989016/Cognitive_Market_Research_Logo.jpg
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