Top Development in Quantum Computing Market Global Industry Size Growing at 42.6% CAGR by 2023
The Quantum Computing Market report provides the new and existing players with information such as company profiles, facts, and figures, product picture and specifications, sales and market share 2018-23.
Dublin, United States – February 28, 2019 /MarketersMedia/ —
The global Quantum Computing market 2018 research is a professional and in-depth study on the current state of the industry and provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Quantum Computing market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
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The worldwide market for quantum computing will be more than $6.4 billion by 2023. Collectively quantum computing solutions and 5G will generate a $417 million market by 2023. The biggest market will be of North American region through 2023 at $2.6 billion but Asia pacific is the quickest developing at 42.6% CAGR. Edge network quantum computing services and equipment will register for $7.7 billion worldwide by 2023.
The report focuses on global major leading industry players of Quantum Computing market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The Quantum Computing market development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered.
Quantum computing is the employment of the principles of quantum mechanics to execute solves issues and calculations. Employing the distinctive phenomena of discrete subatomic particles as total elements, quantum computers have the ability to rapidly solve issues that are not possible to calculate in certain period which are beneficial for humans.
This report presents the worldwide Quantum Computing Market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter s Five Forces Analysis.
Quantum computing depends upon quantum theory that deals with physical phenomena at the nano-scale. Quantum computing s one of the vital characteristics is quantum bit (Qubit), a part of quantum info that is present in two states (vertical and horizontal polarization) at the same time, due to superposition principle of quantum physics.
As quantum computing doesn t use a rapid clock-speed than standard computing, it is very quick than standard computing foundation for deciphering particular issues as quantum computers can manage exponentially bigger data sets. Correspondingly, quantum computing is correctly positioned to assist particular industry sections and decipher particular issues like cryptocurrencies and cybersecurity that depends upon key factoring. Present standard computing technologies would need an excessive volume of time to disintegrate key factors to assist blockchain and cryptology technology.
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Presently, quantum computers are created for a reason (e.g. not for regular use like standard HPC platforms) and are created with certain issue solving intention and computational models like enhancing unstructured databases search thru Grover s Algorithm or pinpointing key factors thru Shor s Algorithm. These examples show quantum computers created to assist cryptography and big data analytics respectively. Not like standard purpose computers that can be simply updated thru software, quantum computers should be modified to new algorithms to resolve several types of issues like key factoring vs unstructured search. Describing differently, an entirely distinctive quantum computer will need to enhance big data analytics like cybersecurity or cryptocurrency.
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