Product Code: GVR-4-68040-184-6
Quantum Computing Software Market Growth & Trends:
The global quantum computing software market size is anticipated to reach USD 2.51 billion by 2030 and is anticipated to expand at a CAGR of 18.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The potential of quantum computing in tackling sustainability and climate change issues is examined in this new trend. Utilizing quantum algorithms, researchers hope to improve environmental forecasts, optimize energy allocation, and simulate intricate climate models. This movement aims to speed up scientific progress in sustainability by utilizing the computational capacity of quantum computing to provide innovative solutions for resource optimization and environmental conservation.
The healthcare sector is projected to experience the most significant compound annual growth rate (CAGR) in the upcoming period. Quantum computing technology enables scientists to create ultra-precise and ultra-personalized medicinal and diagnostic instruments. Moreover, magnetic resonance imaging (MRI) devices can employ quantum sensors to provide incredibly accurate readings. Improved healthcare services can be a result of these improvements. Within the healthcare sector, quantum computing finds several uses in areas such as targeted cancer therapeutic therapies, protein modeling, DNA analysis, and radiotherapy treatment optimization.
The European market anticipates a consistent and rapid surge in revenue growth throughout the projected period. The trend toward quantum cloud services has begun to gain momentum in Europe, where several businesses are providing cloud platforms for remote access to quantum computing resources. By enabling researchers, companies, and developers to experiment with quantum algorithms and applications without needing on-site infrastructure, these services seek to democratize access to quantum computing. Larger companies like IBM and Microsoft, as well as startups like Xanadu, are setting the standard for cloud-based quantum computing resource distribution throughout Europe, encouraging creativity and teamwork.
Quantum Computing Software Market Report Highlights:
- The service segment dominated the component segment with more than 63.0% share in 2023 and has noticed an increase in the demand for specialized quantum algorithm development services for customized industry applications
- The optimization segment held the largest market share in 2023. The optimization segment of the market is witnessing a prominent trend toward hybrid approaches that combine classical and quantum methodologies
- The BFSI segment held the largest market in 2023 in the end-use segment. The BFSI segment of the market is seeing a rise in the creation of quantum-resistant cryptography solutions because of worries about data security
- North America's market's revenue growth is witnessing a surge in the creation of quantum algorithms tailored to the finance, logistics, and cybersecurity sectors
- In June 2021, Honeywell revealed plans for the merger of Cambridge Quantum Computing (CQC) and Honeywell Quantum Solutions (HQS) to establish a leading standalone quantum computing enterprise globally. This move is poised to pave the way for the projected growth of a quantum computing industry valued at USD 1 trillion within the next thirty years
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Quantum Computing Software Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Industry Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Drivers Analysis
- 3.4.2. Market Restraints Analysis
- 3.4.3. Industry Opportunities
- 3.4.4. Industry Challenges
- 3.5. Quantum Computing Software Market Analysis Tools
- 3.5.1. Porter's Analysis
- 3.5.1.1. Bargaining power of the suppliers
- 3.5.1.2. Bargaining power of the buyers
- 3.5.1.3. Threats of substitution
- 3.5.1.4. Threats from new entrants
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political landscape
- 3.5.2.2. Economic and Social landscape
- 3.5.2.3. Technological landscape
- 3.5.2.4. Environmental landscape
- 3.5.2.5. Legal landscape
Chapter 4. Quantum Computing Software Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Quantum Computing Software Market: Component Movement Analysis, USD Million, 2023 & 2030
- 4.3. Solution
- 4.3.1. Solution Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Quantum Computing Software Market: Deployment Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Quantum Computing Software Market: Deployment Movement Analysis, USD Million, 2023 & 2030
- 5.3. Cloud
- 5.3.1. Cloud Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. On-Premises
- 5.4.1. On-Premises Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Quantum Computing Software Market: Technology Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Quantum Computing Software Market: Technology Movement Analysis, USD Million, 2023 & 2030
- 6.3. Superconducting Qubits
- 6.3.1. Superconducting Qubits Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Trapped Ions
- 6.4.1. Trapped Ions Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5. Quantum Annealing
- 6.5.1. Quantum Annealing Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6. Others
- 6.6.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Quantum Computing Software Market: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Quantum Computing Software Market: Application Movement Analysis, USD Million, 2023 & 2030
- 7.3. Optimization
- 7.3.1. Optimization Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4. Machine Learning
- 7.4.1. Machine Learning Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5. Simulation
- 7.5.1. Simulation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6. Others
- 7.6.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. Quantum Computing Software Market: End-Use Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Quantum Computing Software Market: End-Use Movement Analysis, USD Million, 2023 & 2030
- 8.3. Aerospace & Defense
- 8.3.1. Aerospace & Defense Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4. BFSI
- 8.4.1. BFSI Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.5. Healthcare
- 8.5.1. Healthcare Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6. Automotive
- 8.6.1. Automotive Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.7. Energy & Power
- 8.7.1. Energy & Power Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.8. Chemical
- 8.8.1. Chemical Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.9. Government
- 8.9.1. Government Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.10. Others
- 8.10.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 9. Quantum Computing Software Market: Regional Estimates & Trend Analysis
- 9.1. Quantum Computing Software Market Share, By Region, 2023 & 2030, USD Million
- 9.2. North America
- 9.2.1. North America Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.2.2. U.S.
- 9.2.2.1. U.S. Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.2.3. Canada
- 9.2.3.1. Canada Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.3. Europe
- 9.3.1. Europe Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.3.2. UK
- 9.3.2.1. UK Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.3.3. Germany
- 9.3.3.1. Germany Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.3.4. France
- 9.3.4.1. France Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4.2. China
- 9.4.2.1. China Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4.3. Japan
- 9.4.3.1. Japan Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4.4. India
- 9.4.4.1. India Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4.5. South Korea
- 9.4.5.1. South Korea Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4.6. Australia
- 9.4.6.1. Australia Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.5. Latin America
- 9.5.1. Latin America Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.5.2. Brazil
- 9.5.2.1. Brazil Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.5.3. Mexico
- 9.5.3.1. Mexico Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.6. Middle East and Africa
- 9.6.1. Middle East and Africa Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.6.2. KSA
- 9.6.2.1. KSA Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.6.3. UAE
- 9.6.3.1. UAE Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.6.4. South Africa
- 9.6.4.1. South Africa Quantum Computing Software Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis by Key Market Participants
- 10.2. Company Categorization
- 10.3. Company Market Positioning
- 10.4. Company Market Share Analysis
- 10.5. Company Heat Map Analysis
- 10.6. Strategy Mapping
- 10.6.1. Expansion
- 10.6.2. Mergers & Acquisition
- 10.6.3. Partnerships & Collaborations
- 10.6.4. New Product Launches
- 10.6.5. Research And Development
- 10.7. Company Profiles
- 10.7.1. 1QBIT.
- 10.7.1.1. Participant's Overview
- 10.7.1.2. Financial Performance
- 10.7.1.3. Product Benchmarking
- 10.7.1.4. Recent Developments
- 10.7.2. Accenture
- 10.7.2.1. Participant's Overview
- 10.7.2.2. Financial Performance
- 10.7.2.3. Product Benchmarking
- 10.7.2.4. Recent Developments
- 10.7.3. AWS.
- 10.7.3.1. Participant's Overview
- 10.7.3.2. Financial Performance
- 10.7.3.3. Product Benchmarking
- 10.7.3.4. Recent Developments
- 10.7.4. Cambridge Quantum Computing
- 10.7.4.1. Participant's Overview
- 10.7.4.2. Financial Performance
- 10.7.4.3. Product Benchmarking
- 10.7.4.4. Recent Developments
- 10.7.5. D-Wave Systems
- 10.7.5.1. Participant's Overview
- 10.7.5.2. Financial Performance
- 10.7.5.3. Product Benchmarking
- 10.7.5.4. Recent Developments
- 10.7.6. Fujitsu
- 10.7.6.1. Participant's Overview
- 10.7.6.2. Financial Performance
- 10.7.6.3. Product Benchmarking
- 10.7.6.4. Recent Developments
- 10.7.7. Google LLC (Alphabet Inc.)
- 10.7.7.1. Participant's Overview
- 10.7.7.2. Financial Performance
- 10.7.7.3. Product Benchmarking
- 10.7.7.4. Recent Developments
- 10.7.8. Honeywell
- 10.7.8.1. Participant's Overview
- 10.7.8.2. Financial Performance
- 10.7.8.3. Product Benchmarking
- 10.7.8.4. Recent Developments
- 10.7.9. Huawei
- 10.7.9.1. Participant's Overview
- 10.7.9.2. Financial Performance
- 10.7.9.3. Product Benchmarking
- 10.7.9.4. Recent Developments
- 10.7.10. IBM Corporation
- 10.7.10.1. Participant's Overview
- 10.7.10.2. Financial Performance
- 10.7.10.3. Product Benchmarking
- 10.7.10.4. Recent Developments
- 10.7.11. Microsoft Corporation
- 10.7.11.1. Participant's Overview
- 10.7.11.2. Financial Performance
- 10.7.11.3. Product Benchmarking
- 10.7.11.4. Recent Developments
- 10.7.12. QC Ware
- 10.7.12.1. Participant's Overview
- 10.7.12.2. Financial Performance
- 10.7.12.3. Product Benchmarking
- 10.7.12.4. Recent Developments
- 10.7.13. Rigetti Computing
- 10.7.13.1. Participant's Overview
- 10.7.13.2. Financial Performance
- 10.7.13.3. Product Benchmarking
- 10.7.13.4. Recent Developments
- 10.7.14. Riverlane
- 10.7.14.1. Participant's Overview
- 10.7.14.2. Financial Performance
- 10.7.14.3. Product Benchmarking
- 10.7.14.4. Recent Developments
- 10.7.15. Zapata Computing
- 10.7.15.1. Participant's Overview
- 10.7.15.2. Financial Performance
- 10.7.15.3. Product Benchmarking
- 10.7.15.4. Recent Developments