The Latin America, Middle East and Africa Quantum Computing Market would witness market growth of 21.6% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Quantum Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $85.8 million by 2031. The Argentina market is registering a CAGR of 23.2% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 20.6% during (2024 - 2031).
The discovery of new materials with novel properties is crucial for technological advancements, from energy storage to electronics. Quantum computing allows researchers to simulate the quantum behaviour of materials, predicting how they will behave in real-world conditions. By modeling molecules and materials at a quantum level, quantum computers could develop materials with specific properties, such as superconductors, more efficient solar cells, or advanced semiconductors for next-generation electronics.
As quantum computing continues to develop, its adoption is progressing steadily but cautiously across different sectors. One of the major adoption trends is the development of hybrid quantum-classical systems. These systems combine classical computing with quantum computing to optimize performance. Since current quantum computers are still in their infancy and are not yet powerful enough for many real-world applications, hybrid systems allow businesses to use quantum resources for certain tasks while relying on classical computing for others.
In Brazil, the AI sector continues its rapid expansion, with spending expected to surpass US$1 billion in 2023, marking a 33% year-over-year increase. This growth is largely driven by the country’s increasing emphasis on digital transformation, automation, and AI adoption across finance, healthcare, and logistics industries. As AI technologies mature and become more integrated into business operations, the need for powerful computational tools to process complex data sets efficiently and at scale becomes critical. Quantum computing, with its potential to solve problems beyond the capability of classical computers, stands to benefit immensely from the ongoing AI developments in Brazil.
Free Valuable Insights: The Worldwide Quantum Computing Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Offering
By Deployment
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