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DUBLIN--(BUSINESS WIRE)--The "Quantum Computing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Quantum Computing Market to Reach $411.4 Million by 2026

The global market for Quantum Computing estimated at US$112.6 Million in the year 2020, is projected to reach US$411.4 Million by 2026, growing at a CAGR of 24.2% over the analysis period.

Quantum computing presents a dynamic paradigm for solving complex optimization issues due to its ability to process information in a different manner than classical computers. The market is primarily steered by increasing government and private funding on research programs intended to leverage quantum computing for information processing and other applications.

Factors such as increasing incidents of cybercrime coupled with growing adoption of emerging technologies such as machine learning, smart manufacturing, cloud computing and molecular structure research are anticipated to set a perfect stage for growth of the quantum computing market.

While increasing application in sectors like defense, healthcare, chemicals and banking are favoring the market, availability of fault-tolerance systems and efforts to leverage quantum computing for realistic programs are expected to fuel the market growth.

The U.S. Market is Estimated at $62.4 Million in 2021, While China is Forecast to Reach $54.6 Million by 2026

The Quantum Computing market in the U.S. is estimated at US$62.4 Million in the year 2021. China, the world's second largest economy, is forecast to reach a projected market size of US$54.6 Million by the year 2026 trailing a CAGR of 27.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18% and 22.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 22.4% CAGR. The US is the dominant market, due to increasing focus of government agencies and the defense and aerospace sectors on quantum computing to leverage machine learning.

By End-Use, Space & Defense Segment to Reach $146.4 Million by 2026

Quantum technologies remain key research focus within the space & defense sector owing to their disruptive role in a diverse spectrum of areas and applications. The incorporation of quantum computing technologies is anticipated to considerably benefit the space and defense establishments.

The concept is expected to enable exciting military applications and support national programs. In the global Space & Defense (End-Use) segment, USA, Canada, Japan, China and Europe will drive the 22.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$37.5 Million in the year 2020 will reach a projected size of US$162.2 Million by the close of the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ASIA-PACIFIC

REST OF WORLD

IV. COMPETITION

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/lfy493

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Quantum Computing Global Market Report 2022-2026: Quantum Computing Set to Transform Finance & Banking Landscape with Remarkable Processing Power...