Product ID: SQMIG45E2231
Report ID:
SQMIG45E2231 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
122 |
Figures:
77
In the year 2023, North America has dominated the quantum computing market with the largest share of market revenue. Area is supported by the better environment with adoption of the Quantum computing research and management, favourable regulations and strong partnerships with academia and private sector. With the key players in quantum computing like Google, IBM, and Microsoft working to move the cutting-edge research and innovation in quantum computing, North America dominates both in terms of market size and technological advancement in this rapidly rising field.
On the other hand, the Asia Pacific is characterized by the highest growth rate, and this is resultant from a collaboration of government initiatives, quantum computing research investments and presence of the top tech companies. While countries like China, Japan, and Australia are in the forefront, the quantum computing research and development with applications in the cybersecurity, healthcare and finance is the commitment of these nations. Consequently, global partnerships and private-public ventures among regional players and international organizations would accelerate the movement towards quantum computing technology in this region thereby making Asia Pacific a strategic growth engine in a world full of diversities.
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REQUEST FREE CUSTOMIZATIONGlobal Quantum Computing Market was valued at USD 641.1 million in 2019 and is poised to grow from USD 837.91 million in 2023 to USD 7135.16 million by 2031, growing at a CAGR of 30.7% in the forecast period (2024-2031)
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Product ID: SQMIG45E2231