The Europe Quantum AI Market would witness market growth of 34.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Quantum AI Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $123.1 million by 2031. The UK market is exhibiting a CAGR of 33.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 35.7% during (2024 - 2031).
A subset of AI that concentrates on the development of algorithms that enable computers to learn from and make predictions based on data is machine learning, which is one of the most promising applications of this. Machine learning models, particularly deep learning models, require substantial computational resources to train and optimize. As the complexity of these models increases, so does the demand for processing power, often leading to bottlenecks in performance. This has the potential to resolve these obstacles by offering the computational power necessary to train more complex and expansive models in a fraction of the time required by classical systems.
Moreover, traditional machine learning tasks, including clustering, regression, and classification, have also been improved by quantum machine learning (QML). For instance, QML algorithms are capable of processing enormous datasets with numerous features and greater efficiency than classical algorithms, resulting in more precise and resilient models in classification tasks. Specifically, this is advantageous in sectors such as healthcare, where AI algorithms classify medical images or forecast disease outcomes by analyzing patient data. Quantum-enhanced classification models can improve diagnostic accuracy and help healthcare providers make more informed decisions. Similarly, QML algorithms can more accurately model complex relationships between variables in regression tasks, leading to better predictions and insights in economics, weather forecasting, and market analysis.
Government initiatives, strong research infrastructures, and strategic collaborations between academia and industry drive the demand for this across Europe. The German government's Quantum Computing Roadmap, part of the broader High-Tech Strategy 2025, outlines a vision for Germany to become a leader in quantum technologies, emphasizing this. The ‘Framework Programme Quantum Technologies – from the Fundamentals to the Market’ was adopted by the Cabinet in September 2018. The funding volume amounts to 860 million euros in the current legislative term. This funding supports various initiatives, including developing quantum processors and these applications for automotive, manufacturing, and logistics industries. Thus, the collaborative environment fostered by these initiatives ensures that Europe remains at the cutting edge of quantum AI research and application.
Free Valuable Insights: The Global Quantum AI Market will Hit USD 2.1 Billion by 2031, at a CAGR of 35.1%
Based on Deployment Mode, the market is segmented into On-premises and Cloud based. Based on Application, the market is segmented into Machine learning & Optimization, Simulation and Modeling, and Cryptography & Security. Based on Component, the market is segmented into Hardware, Software, and Services. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Google LLC
- IBM Corporation
- Fujitsu Limited
- Intel Corporation
- Toshiba Corporation
- Rigetti Computing, Inc.
- D-Wave Systems Inc.
- Hitachi Digital Services, LLC (Hitachi Ltd.)
Europe Quantum AI Market Report Segmentation
By Deployment Mode
By Application
- Machine learning & Optimization
- Simulation and Modeling
- Cryptography & Security
By Component
- Hardware
- Software
- Services
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Quantum AI Market, by Deployment Mode
1.4.2 Europe Quantum AI Market, by Application
1.4.3 Europe Quantum AI Market, by Component
1.4.4 Europe Quantum AI Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Oct – 2024, Sep) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Quantum AI Market by Deployment Mode
5.1 Europe On-premises Market by Country
5.2 Europe Cloud based Market by Country
Chapter 6. Europe Quantum AI Market by Application
6.1 Europe Machine learning & Optimization Market by Country
6.2 Europe Simulation and Modeling Market by Country
6.3 Europe Cryptography & Security Market by Country
Chapter 7. Europe Quantum AI Market by Component
7.1 Europe Hardware Market by Country
7.2 Europe Software Market by Country
7.3 Europe Services Market by Country
Chapter 8. Europe Quantum AI Market by Country
8.1 Germany Quantum AI Market
8.1.1 Germany Quantum AI Market by Deployment Mode
8.1.2 Germany Quantum AI Market by Application
8.1.3 Germany Quantum AI Market by Component
8.2 UK Quantum AI Market
8.2.1 UK Quantum AI Market by Deployment Mode
8.2.2 UK Quantum AI Market by Application
8.2.3 UK Quantum AI Market by Component
8.3 France Quantum AI Market
8.3.1 France Quantum AI Market by Deployment Mode
8.3.2 France Quantum AI Market by Application
8.3.3 France Quantum AI Market by Component
8.4 Russia Quantum AI Market
8.4.1 Russia Quantum AI Market by Deployment Mode
8.4.2 Russia Quantum AI Market by Application
8.4.3 Russia Quantum AI Market by Component
8.5 Spain Quantum AI Market
8.5.1 Spain Quantum AI Market by Deployment Mode
8.5.2 Spain Quantum AI Market by Application
8.5.3 Spain Quantum AI Market by Component
8.6 Italy Quantum AI Market
8.6.1 Italy Quantum AI Market by Deployment Mode
8.6.2 Italy Quantum AI Market by Application
8.6.3 Italy Quantum AI Market by Component
8.7 Rest of Europe Quantum AI Market
8.7.1 Rest of Europe Quantum AI Market by Deployment Mode
8.7.2 Rest of Europe Quantum AI Market by Application
8.7.3 Rest of Europe Quantum AI Market by Component
Chapter 9. Company Profiles
9.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Product Launches and Product Expansions:
9.1.5 SWOT Analysis
9.2 Microsoft Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Google LLC (Alphabet Inc.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 IBM Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 Fujitsu Limited
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.6 SWOT Analysis
9.6 Intel Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Toshiba International Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research and Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.6 SWOT Analysis
9.8 Rigetti Computing, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.9 D-Wave Systems Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.10. Hitachi Digital Services, LLC (Hitachi Ltd.)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
TABLE 1 Europe Quantum AI Market, 2020 - 2023, USD Million
TABLE 2 Europe Quantum AI Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Quantum AI Market
TABLE 4 Product Launches And Product Expansions– Quantum AI Market
TABLE 5 Europe Quantum AI Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 6 Europe Quantum AI Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 7 Europe On-premises Market by Country, 2020 - 2023, USD Million
TABLE 8 Europe On-premises Market by Country, 2024 - 2031, USD Million
TABLE 9 Europe Cloud based Market by Country, 2020 - 2023, USD Million
TABLE 10 Europe Cloud based Market by Country, 2024 - 2031, USD Million
TABLE 11 Europe Quantum AI Market by Application, 2020 - 2023, USD Million
TABLE 12 Europe Quantum AI Market by Application, 2024 - 2031, USD Million
TABLE 13 Europe Machine learning & Optimization Market by Country, 2020 - 2023, USD Million
TABLE 14 Europe Machine learning & Optimization Market by Country, 2024 - 2031, USD Million
TABLE 15 Europe Simulation and Modeling Market by Country, 2020 - 2023, USD Million
TABLE 16 Europe Simulation and Modeling Market by Country, 2024 - 2031, USD Million
TABLE 17 Europe Cryptography & Security Market by Country, 2020 - 2023, USD Million
TABLE 18 Europe Cryptography & Security Market by Country, 2024 - 2031, USD Million
TABLE 19 Europe Quantum AI Market by Component, 2020 - 2023, USD Million
TABLE 20 Europe Quantum AI Market by Component, 2024 - 2031, USD Million
TABLE 21 Europe Hardware Market by Country, 2020 - 2023, USD Million
TABLE 22 Europe Hardware Market by Country, 2024 - 2031, USD Million
TABLE 23 Europe Software Market by Country, 2020 - 2023, USD Million
TABLE 24 Europe Software Market by Country, 2024 - 2031, USD Million
TABLE 25 Europe Services Market by Country, 2020 - 2023, USD Million
TABLE 26 Europe Services Market by Country, 2024 - 2031, USD Million
TABLE 27 Europe Quantum AI Market by Country, 2020 - 2023, USD Million
TABLE 28 Europe Quantum AI Market by Country, 2024 - 2031, USD Million
TABLE 29 Germany Quantum AI Market, 2020 - 2023, USD Million
TABLE 30 Germany Quantum AI Market, 2024 - 2031, USD Million
TABLE 31 Germany Quantum AI Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 32 Germany Quantum AI Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 33 Germany Quantum AI Market by Application, 2020 - 2023, USD Million
TABLE 34 Germany Quantum AI Market by Application, 2024 - 2031, USD Million
TABLE 35 Germany Quantum AI Market by Component, 2020 - 2023, USD Million
TABLE 36 Germany Quantum AI Market by Component, 2024 - 2031, USD Million
TABLE 37 UK Quantum AI Market, 2020 - 2023, USD Million
TABLE 38 UK Quantum AI Market, 2024 - 2031, USD Million
TABLE 39 UK Quantum AI Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 40 UK Quantum AI Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 41 UK Quantum AI Market by Application, 2020 - 2023, USD Million
TABLE 42 UK Quantum AI Market by Application, 2024 - 2031, USD Million
TABLE 43 UK Quantum AI Market by Component, 2020 - 2023, USD Million
TABLE 44 UK Quantum AI Market by Component, 2024 - 2031, USD Million
TABLE 45 France Quantum AI Market, 2020 - 2023, USD Million
TABLE 46 France Quantum AI Market, 2024 - 2031, USD Million
TABLE 47 France Quantum AI Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 48 France Quantum AI Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 49 France Quantum AI Market by Application, 2020 - 2023, USD Million
TABLE 50 France Quantum AI Market by Application, 2024 - 2031, USD Million
TABLE 51 France Quantum AI Market by Component, 2020 - 2023, USD Million
TABLE 52 France Quantum AI Market by Component, 2024 - 2031, USD Million
TABLE 53 Russia Quantum AI Market, 2020 - 2023, USD Million
TABLE 54 Russia Quantum AI Market, 2024 - 2031, USD Million
TABLE 55 Russia Quantum AI Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 56 Russia Quantum AI Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 57 Russia Quantum AI Market by Application, 2020 - 2023, USD Million
TABLE 58 Russia Quantum AI Market by Application, 2024 - 2031, USD Million
TABLE 59 Russia Quantum AI Market by Component, 2020 - 2023, USD Million
TABLE 60 Russia Quantum AI Market by Component, 2024 - 2031, USD Million
TABLE 61 Spain Quantum AI Market, 2020 - 2023, USD Million
TABLE 62 Spain Quantum AI Market, 2024 - 2031, USD Million
TABLE 63 Spain Quantum AI Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 64 Spain Quantum AI Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 65 Spain Quantum AI Market by Application, 2020 - 2023, USD Million
TABLE 66 Spain Quantum AI Market by Application, 2024 - 2031, USD Million
TABLE 67 Spain Quantum AI Market by Component, 2020 - 2023, USD Million
TABLE 68 Spain Quantum AI Market by Component, 2024 - 2031, USD Million
TABLE 69 Italy Quantum AI Market, 2020 - 2023, USD Million
TABLE 70 Italy Quantum AI Market, 2024 - 2031, USD Million
TABLE 71 Italy Quantum AI Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 72 Italy Quantum AI Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 73 Italy Quantum AI Market by Application, 2020 - 2023, USD Million
TABLE 74 Italy Quantum AI Market by Application, 2024 - 2031, USD Million
TABLE 75 Italy Quantum AI Market by Component, 2020 - 2023, USD Million
TABLE 76 Italy Quantum AI Market by Component, 2024 - 2031, USD Million
TABLE 77 Rest of Europe Quantum AI Market, 2020 - 2023, USD Million
TABLE 78 Rest of Europe Quantum AI Market, 2024 - 2031, USD Million
TABLE 79 Rest of Europe Quantum AI Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 80 Rest of Europe Quantum AI Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 81 Rest of Europe Quantum AI Market by Application, 2020 - 2023, USD Million
TABLE 82 Rest of Europe Quantum AI Market by Application, 2024 - 2031, USD Million
TABLE 83 Rest of Europe Quantum AI Market by Component, 2020 - 2023, USD Million
TABLE 84 Rest of Europe Quantum AI Market by Component, 2024 - 2031, USD Million
TABLE 85 Key Information – Amazon Web Services, Inc.
TABLE 86 Key Information – Microsoft Corporation
TABLE 87 Key Information – Google LLC
TABLE 88 Key Information – IBM Corporation
TABLE 89 Key Information – Fujitsu Limited
TABLE 90 Key Information – Intel Corporation
TABLE 91 Key Information – Toshiba International Corporation
TABLE 92 Key Information – Rigetti Computing, Inc.
TABLE 93 Key Information – D-Wave Systems Inc.
TABLE 94 Key Information – Hitachi Digital Services, LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Quantum AI Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Quantum AI Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Oct – 2024, Sep) Leading Players
FIG 8 Porter’s Five Forces Analysis – Quantum AI Market
FIG 9 Europe Quantum AI Market share by Deployment Mode, 2023
FIG 10 Europe Quantum AI Market share by Deployment Mode, 2031
FIG 11 Europe Quantum AI Market by Deployment Mode, 2020 - 2031, USD Million
FIG 12 Europe Quantum AI Market share by Application, 2023
FIG 13 Europe Quantum AI Market share by Application, 2031
FIG 14 Europe Quantum AI Market by Application, 2020 - 2031, USD Million
FIG 15 Europe Quantum AI Market share by Component, 2023
FIG 16 Europe Quantum AI Market share by Component, 2031
FIG 17 Europe Quantum AI Market by Component, 2020 - 2031, USD Million
FIG 18 Europe Quantum AI Market share by Country, 2023
FIG 19 Europe Quantum AI Market share by Country, 2031
FIG 20 Europe Quantum AI Market by Country, 2020 - 2031, USD Million
FIG 21 Recent strategies and developments: Amazon Web Services, Inc.
FIG 22 SWOT Analysis: Amazon Web Services, Inc.
FIG 23 Recent strategies and developments: Microsoft Corporation
FIG 24 SWOT Analysis: Microsoft Corporation
FIG 25 SWOT Analysis: Google LLC
FIG 26 SWOT Analysis: IBM Corporation
FIG 27 Swot analysis: Fujitsu Limited
FIG 28 Recent strategies and developments: Intel Corporation
FIG 29 SWOT Analysis: Intel corporation
FIG 30 SWOT Analysis: Toshiba International Corporation
FIG 31 Recent strategies and developments: Rigetti Computing, Inc.