The study involved four major activities in estimating the size of the quantum computing industry . Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the global market size. After that, market breakdown and data triangulation have been used to estimate the market sizes of segments and subsegments.
Secondary Research
Secondary sources for this research study include corporate filings (such as annual reports, investor presentations, and financial statements), trade, business, and professional associations, white papers, certified publications, articles from recognized authors, directories, and databases. Secondary data was collected and analysed to determine the overall market size, further validated by primary research.
Primary Research
Extensive primary research was conducted after understanding and analysing the quantum computing industry scenario through the secondary research process. Several primary interviews were conducted with key opinion leaders from the demand- and supply-side vendors across four major regions—North America, Asia Pacific, Europe, and RoW (including the Middle East, Africa, and South America). After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
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Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the quantum computing industry . These methods have also been extensively used to estimate the sizes of various market subsegments. The research methodology used to estimate the market sizes includes the following:
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Identifying various applications that use or are expected to use the quantum computing industry .
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Analyzing historical and current data pertaining to the size of the quantum computing market share for each application
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Analyzing the average selling prices of quantum computing based on different technologies
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Studying various paid and unpaid sources, such as annual reports, press releases, white papers, and databases
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Identifying leading providers of quantum computing, studying their portfolios, and understanding features of their products and their underlying technologies, as well as the types of quantum computing products offered
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Tracking ongoing and identifying upcoming developments in the market through investments, research and development activities, product launches, expansions, and partnerships, and forecasting the market size based on these developments and other critical parameters
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Carrying out multiple discussions with key opinion leaders to understand the technologies used in quantum computing, and products wherein they are deployed, and analyze the break-up of the scope of work carried out by key manufacturers of quantum computing providers
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Verifying and crosschecking estimates at every level through discussions with key opinion leaders, such as CXOs, directors, and operations managers, and finally with domain experts at MarketsandMarkets
Market Size Estimation Methodology-Bottom-Up Approach
Data Triangulation
After arriving at the overall market size-using the market size estimation processes explained above-the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Quantum computing involves phenomena such as quantum entanglement and quantum mechanics superposition that are used by quantum computers for their enhanced computing power. The improved computing power of quantum computers can be attributed to how data is represented. Conventional computers use bits that can either be 1s or 0s, while quantum computers use qubits (quantum bits), which can be both 0s and 1s simultaneously due to superposition. Quantum computing devices or quantum computers operate with nanoscale components at low temperatures, and they have the potential to address some of the most challenging computational problems.
Key Stakeholders
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Research organizations and universities
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Original equipment manufacturers (OEMs)
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Technology standard organizations, forums, alliances, and associations
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Analysts and strategic business planners
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Government bodies, venture capitalists, and private equity firms
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End users
Report Objectives
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To define, describe, segment, and forecast the quantum computing market size, in terms of value based on offering, deployment, technology, application, end-user, and region.
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To forecast the size of the market and its segments concerning four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their key countries
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To provide detailed information regarding the key factors influencing market growth, such as drivers, restraints, opportunities, and challenges
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To provide a detailed analysis of the quantum computing value chain
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To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders
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To strategically profile the key players and comprehensively analyze their market ranking and core competencies
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To analyze key growth strategies such as expansions, contracts, joint ventures, acquisitions, product launches and developments, and research and development activities undertaken by players operating in the quantum computing industry .
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Company Information
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Detailed analysis and profiling of 25 market players
Jane
Apr, 2022
I have a specific Interest in Commercialisation of quantum technologies .
Ishani
Apr, 2022
Interested in learning more about the quantum computing market. .
Peter
Apr, 2022
Photonics application for quantum computer qbit device fabrication .
Giovanni
Apr, 2022
To gain an insight of the economic perspectives of quantum computing, as an essential part of scientific planning (I am a professional physicist working in superconductivity).
Michal
Sep, 2022
Quantum simulation market size over years, use cases, most promising approaches..