Quantum Computing Market Report
Introduction
Quantum computing represents a transformative shift in information processing, harnessing the unique properties of quantum mechanics to unlock computational power far beyond the capabilities of classical computers. This emerging market is poised for significant growth, driven by advancements in quantum hardware, software, and supporting services.
Quantum hardware, software, services
Quantum Hardware
The quantum hardware market encompasses the physical components required to build and operate quantum computers. This includes various qubit technologies, such as superconducting qubits, trapped ion qubits, semiconductor/spin qubits, and photonic qubits. The global quantum hardware market is projected to grow at a CAGR of 32.8% from 2023 to 2030, reaching a value of $16.9 billion by 2030.
Quantum Software
The quantum software market focuses on the tools, libraries, and applications needed to program, simulate, and leverage quantum computers for practical applications. This includes quantum programming languages, algorithm development platforms, simulation and modeling software, optimization and machine learning suites, and cryptography and security software. The global quantum software market is expected to grow at a CAGR of 34.1% from 2023 to 2030, reaching $13.2 billion.
Quantum Services
The quantum services market provides the necessary support and infrastructure to enable organizations to access, integrate, and utilize quantum technologies. This includes quantum computing-as-a-service, consulting and system integration, software development and support, training and education, benchmark and testing, and hardware maintenance and upgrades. The global quantum services market is projected to grow at a CAGR of 36.4% from 2023 to 2030, reaching $35.4 billion.