The global quantum computing market size was estimated at USD 1.21 billion in 2023 and is expected to grow at a CAGR of 20.1% from 2024 to 2030. The quantum computing ecosystem is expanding, with an increasing number of startups entering the market. These startups were focusing on various aspects of quantum technology, from hardware and software to applications. Furthermore, the market has been witnessing a surge in investments from both governments and private sectors. Governments were allocating substantial funds to quantum research and development to maintain a competitive edge in emerging technologies.

Quantum computing is still considered an emerging technology with significant potential. Unlike classical computers that use bits, quantum computers use quantum bits or qubits, which can represent both 0 and 1 simultaneously due to the principles of quantum mechanics. This makes quantum computers well-suited for specific types of complex calculations.

Quantum Computing Market Report Highlights

• Based on offering, the system segment dominated the market with a revenue share of over 64.2% in 2023. The service segment, on the other hand, is expected to register the fastest CAGR during the forecast period, attributed to the increasing number of startups investing in R&D related to quantum computing technology.
• Based on deployment, the cloud segment is projected to account for a larger market share than the on-premises segment from 2024 to 2030
• Based on application, the optimization segment held the largest revenue share of 30.8% in 2023. By leveraging the power and speed of quantum computing, an organization can optimize their operation, improve its decision-making, and reduce costs.
• Europe dominated the market with a revenue share of 34.2% in 2023. The region witnessed the emergence of several startup and spinoff companies focused on companies focused on quantum computing

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• The global immersive virtual reality market sizewas valued at USD 15.7 billion in 2023 and is projected to grow at a CAGR of 26.6% from 2024 to 2030.
• The global smart fitness market was valued at USD 64.60 billion in 2023 and is projected to grow at a CAGR of 11.1% from 2024 to 2030. 

Quantum Computing Software Market Report Segmentation

Grand View Research has segmented the global quantum computing software market based on component, deployment, technology, application, end-use, and region:

Quantum Computing Software Component Outlook (Revenue, USD Million, 2017 - 2030)

• Solution
• Services

Quantum Computing Software Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-Premises
• Cloud

Quantum Computing Software Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Superconducting Qubits
• Trapped Ions
• Quantum Annealing
• Others

Quantum Computing Software Application Outlook (Revenue, USD Million, 2017 - 2030)

• Optimization
• Simulation
• Machine Learning
• Others

Quantum Computing Software End-Use Outlook (Revenue, USD Million, 2017 - 2030)

• Aerospace & Defense
• BFSI
• Healthcare
• Automotive
• Energy & Power
• Chemical
• Government
• Others

Quantum Computing Software Region Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • U,S.
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • KSA
  • UAE

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