The Europe Enterprise Quantum Computing Market would witness market growth of 23.9% CAGR during the forecast period (2022-2028).
Big data and the enormous amount of information that has to be analyzed and stored in today's society have increased the need for speedy data analytics. In order to handle and analyze the massive volume of data, more power is needed. Because conventional computers can only do one job at a time, complicated issues take much longer to solve. However, quantum computing has the capacity to address massive data issues. It has the ability to simplify even the most difficult topological analysis calculations.
Since quantum algorithms may be conducted on the simulator, they can be used to help replicate the quantum computer on a conventional computer. Quantum computing may also be used to simulate biological processes. Studying corrosion will help businesses design materials with the properties they want, and systems optimization will be helpful for everything from helping businesses like FedEx and Amazon to plan the best routes for their enormous fleets to helping financial institutions manage their investment portfolios.
Supply chain management is an application with enormous promise since it enables the integration of incoming, outgoing, and reverse flows of goods, services, and associated information. Today's supply chains must be managed by comprehending the many roles played by the chain's participants, their relationships, and the transaction models they use.
The National Quantum Laboratory is a government initiative that Russia's state nuclear company Rosatom initiated with the goal of creating a quantum computer by the end of 2024. By the end of 2024, the facility will assist Russian researchers in building a 30-100 qubit quantum computer and, perhaps, a multi-qubit universal computer that might address crucial economic issues.
The Germany market dominated the Europe Enterprise Quantum Computing Market by Country in 2021; thereby, achieving a market value of $404.8 million by 2028. The UK market is poised to grow at a CAGR of 22.9% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 24.9% during (2022 - 2028).
Based on Deployment Mode, the market is segmented into On-premises and Cloud. Based on Technology, the market is segmented into Superconducting, Quantum Annealing, Trapped ion, Quantum dot and Others. Based on Application, the market is segmented into Cyber security, Machine Learning/Deep Learning/AI, Simulation & Data Modelling, Optimization and Others. Based on Component, the market is segmented into Hardware, Software and Services. Based on Vertical, the market is segmented into BFSI, Telecom & IT, Aerospace & Defense, Energy & Utilities, Healthcare & Life Sciences, Manufacturing and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Enterprise Quantum Computing Market will Hit $6.4 Billion by 2028, at a CAGR of 24.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Alibaba Group Holding Limited, D-Wave Systems Inc., Google Llc, Huawei Technologies Co. Ltd., Id Quantique, Intel Corporation, IBM Corporation, Microsoft Corporation, Rigetti & Co, Inc., and Toshiba Corporation
By Deployment Mode
By Technology
By Application
By Component
By Vertical
By Country
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