The Europe Quantum Computing Market Growth at a rate of 29.60% in the forecast period 2022 to 2029
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Market Analysis and Insights - Europe Quantum Computing Market
Quantum computing can shift through large numbers of possibilities and abstract potential solutions to complex challenges and problems. Quantum computing is a rapidly-evolving technology that harnesses the rules of quantum mechanics to solve problems too difficult for classical computers. Moreover, increasing demand for Software-as-a-Service (SaaS) business models, expanding datacentre workloads, and augmented complication in processor design of traditional binary computing systems are all driving quantum computing market forward.
Data Bridge Market Research analyses that the quantum computing market was valued at USD 110.36 million in 2022 and is expected to reach the value of USD 878.32 million by 2030, at a CAGR of 29.60% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Market Definition
Quantum computing is an area of study which is mainly focused on the growth of computer based technologies centered on the principles of quantum theory. Quantum theory clarifies the behaviour and nature of matter and energy on the quantum level. Quantum computing usages a combination of bits to perform particular computational tasks. All of these have higher efficiency than their classical equivalents.
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Europe Quantum Computing Market Size
The quantum computing market is segmented based on the system, qubits, offering, deployment model, component, application, logic gates and verticals. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
In April 2019, IBM Corporation collaborated with universities such as Stony Brook University, Florida State University for extended quantum computing research. The University of Tokyo and the University of Notre Dame, Virginia Tech will start working to IBM quantum computing systems for student research projects and teaching. joint ventures, collaboration and other strategies by the market player are increasing the company portfolio in the quantum computing market and also benefit an organization to expand their offering for quantum computing.
Europe Quantum Computing Market Country Level Analysis
The quantum computing market is analyzed and market size insights and trends are provided by country, system, qubits, offering, deployment model, component, application, logic gates and verticals as referenced above.
The countries covered in the quantum computing market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
Germany is anticipated to dominate the Europe quantum computing market because government is allocating more funds to get quantum computing into the mainstream. They also encourage and incentivize collaboration among start-ups to develop quantum computing and reap its profits. France is dominating after Germany because the government has revealed national strategies to drive the sage of quantum technologies. The U.K. is dominating as big companies gearing up to manufacture quantum commercial computers.
Europe Quantum Computing Market Share Analysis
The quantum computing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the quantum computing market.
Key Players Europe Quantum Computing Market
Some of the major players operating in the quantum computing market are:
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Honeywell International, Inc. (U.S.)
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Accenture (Ireland)
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Fujitsu (Japan)
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Rigetti & Co, Inc. (U.S.)
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1QB Information Technologies, Inc. (Canada)
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IonQ (U.S.)
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Atom Computing, Inc. (U.S.)
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ID Quantique (Switzerland)
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QuintessenceLabs (Australia)
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Toshiba Research Europe Ltd. (U.K.)
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Microsoft (U.S.)
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Magiq Technologies, Inc. (U.S.)
Europe Quantum Computing Market Report Answers the Following Questions:
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How much revenue will the Europe Quantum Computing Market generate by the end of the forecast period?
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Which market segment is expected to have the maximum market share?
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What are the influencing factors and their impact on the Europe Quantum Computing Market ?
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Which regions are currently contributing the maximum share of the overall Europe Quantum Computing Market ?
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What indicators are likely to stimulate the Europe Quantum Computing Market ?
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What are the main strategies of the major players in the Europe Quantum Computing Market to expand their geographic presence?
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