2018-2023 Global and Regional Quantum Computing Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
Research projects that the Quantum Computing market size will grow from USD 112 Million in 2017 to USD 496 Million by 2023, at an estimated CAGR of 28%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The major factors driving the growth of this market include rising incidences of cybercrimes, early adoption of quantum computing in the defense and automotive industry, and increasing investment by government entities in the market. To secure mobile transactions, quantum key distribution systems are being adopted. Quantum keys are considered secure, as it cannot be easily hacked. Moreover, the University of Oxford (England), Nokia Corporation (Finland) and Bay Photonics Ltd. (UK) have developed a device, which is capable of sending quantum keys using polarized light, thereby making the payments more secure on a smartphone. This factor would have a positive impact on the quantum computing market during the forecast period.
By Market Players:
D-Wave Systems Inc. , Qxbranch, LLC , International Business Machines Corporation (IBM) , Cambridge Quantum Computing Ltd , 1qb Information Technologies Inc. , QC Ware Corp. , Magiq Technologies Inc. , Station Q - Microsoft Corporation , Rigetti Computing , Research at Google – Google Inc., ,
By Revenue Source
Hardware , Software , Services, ,
Simulation , Optimization , Sampling, ,
Defense , Healthcare & Pharmaceuticals , Chemicals , Banking & Finance , Energy & Power
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