The Asia Pacific Quantum Computing Market would witness market growth of 20.4% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Quantum Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $403.8 million by 2031. The Japan market would showcase a CAGR of 19.7% during (2024 - 2031). Additionally, The India market is registering a CAGR of 21.2% during (2024 - 2031).
Quantum computing holds a broad range of applications across multiple industries. Its ability to perform complex calculations at speeds far surpassing classical computers opens new possibilities for solving previously unsolvable problems. Quantum computers have the potential to break traditional encryption methods. Classical cryptography systems, such as RSA encryption, rely on the difficulty of factoring large numbers. With their exponentially faster processing abilities, Quantum computers can solve such problems efficiently using algorithms like Shor’s algorithm. This poses a significant risk to current cybersecurity frameworks.
However, it also opens the door to new forms of quantum encryption (quantum key distribution, QKD), which would be virtually unbreakable by classical computers. Governments and industries invest heavily in quantum-resistant cryptography to prepare for this future shift
In China, the recent launch of the third-generation superconducting quantum computer, Origin Wukong, marks a major milestone in the country’s quantum computing journey. The system, which is powered by a 72-qubit Wukong chip, has already achieved remarkable success, surpassed 20 million global remote visits, and completed over 339,000 tasks since its debut on January 6, 2024. This accomplishment underscores China’s growing prominence in the quantum computing space and its ability to attract a diverse range of users across 139 countries.
Free Valuable Insights: The Global Quantum Computing Market is Predict to reach USD 4.58 Billion by 2031, at a CAGR of 19.6%
Based on Offering, the market is segmented into System, and Services. Based on Deployment, the market is segmented into On-premise, and Cloud. Based on Application, the market is segmented into Optimization, Machine Learning, Simulation, and Other Application. Based on End-user, the market is segmented into BFSI, Healthcare, Automotive, Energy & Power, Government, Aerospace & Defense, Chemical, and Other End-user. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Offering
By Deployment
By Application
By End-user
By Country
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