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Global Quantum Technology Market Will Reach USD 62 Billion By 2031, Growing By 22.9% Over 2021-2031

 

Global quantum technology market will reach $61,969.9 million by 2031, growing by 22.9% annually over 2021-2031, driven by the rising demand for reliable network and computing, the growing government and private venture funding for quantum technologies, increasing R&D expenditure, and the expanding applications of quantum technology in various industrial sectors.

In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global quantum technology market in every aspect of the classification from perspectives of Component, Technology, Deployment Mode, Connectivity, Industry Vertical, and Region.

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Highlighted with 83 tables and 93 figures, this 199-page report “Global Quantum Technology Market 2021-2031 by Component (Hardware, Software, Services), Technology (Computing, Cryptography, Sensing and Imaging, QDP, QCL, Magnetometer, QKD), Deployment Mode (On-premise, Cloud-based, Hybrid), Connectivity (Cellular, Non-Cellular), Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global quantum technology market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year.

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Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Hardware
• Software
• Services

Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Quantum Computing
• Quantum Cryptography Communication
• Quantum Sensing and Imaging
• Quantum Dots Particles (QDP)
• Quantum Cascade Laser (QCL)
• Quantum Magnetometer
• Quantum Key Distribution (QKD)

By Deployment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• On-premise Deployment
• Cloud-based Deployment
o Private Cloud
o Public Cloud
• Hybrid Deployment

By Connectivity, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Cellular Connectivity
o 3G
o 4G LTE
o 5G/6G
• Non-Cellular/IoT Connectivity

By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Consumer Electronics
• IT & Telecom
• Healthcare & Medical
• Banking, Financial Services and Insurance (BFSI)
• Energy & Utilities
• Oil and Gas
• Manufacturing
• Automotive and Transportation
• Aerospace & Defense
• Other Industry Verticals

Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE,Saudi Arabia, South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Technology, Deployment Mode and Industry Vertical over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Aliro Quantum
Alphabet Inc. (Google)
D-Wave Systems, Inc.
Gem Systems
Hewlett Packard Enterprise
Honeywell International Inc (Quantinuum)
Intel Corporation
International Business Machines Corporation (IBM)
KETS Quantum Security
Microsoft Corporation
M-Squared Lasers Limited
NEC Corporation
QD Laser Co. Inc.
Quantum Brilliance
Quantum Computing Inc.
Qubitekk
Robert Bosch GmbH
Tencent Quantum Lab
Toshiba Corporation
ZTE Corporation & Others

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