Quantum Computing Market Analysis

Quantum Computing Market Analysis

Quantum computing market share from the software segment is expected to cross USD 10 billion by 2032, due to rising demand for SaaS business models, growing workloads in data centers, and sophisticated processor architectures in conventional binary computing systems. In a conventional binary computer system, information is stored in tiny transistors, each of which can only hold one bit of information, such as a 0 or 1. Since 1 and 0 can be stored and processed simultaneously due to the superposition phenomenon, quantum computing is much more potent than a classical-quantum computing system.
 

Quantum computing market size from the on-premises deployment segment will reach USD 1 billion by 2032, owing to the reduced requirement for remote access caused by centralized management. Data in several sectors, such as BFSI, aerospace & defense, and healthcare, is particularly private and must be protected. These companies choose the on-premises deployment of their IT solutions due to their higher budgets.
 

The quantum computing market from the optimization segment accounted for USD 300 million revenue in 2022. Quantum computing is beneficial for software optimization, code optimization, program optimization, and the act of altering software systems such that some components function more efficiently or consume fewer resources. Quantum computers can solve hard combinatorial optimization problems using quantum algorithms.
 

North America quantum computing market size to surpass USD 5 billion by 2032, aided by competitive markets and end-user acceptance of the technology. The adoption of this technology in the U.S. and Canada regions is expected to increase over the years owing to the beginning of several start-ups that use quantum technology.