The North America Enterprise Quantum Computing Market would witness market growth of 23.1% CAGR during the forecast period (2022-2028).
Over the next ten years, quantum computing is expected to change a number of business sectors, including banking, health, machine learning, and artificial intelligence. Money invested by investors, governments, and businesses pursuing total quantum dominance is the major driver of quantum computer advancements.
Advanced cryptography is where quantum computing is most often used. It is impossible to crack encryption that makes use of extremely big prime number factorization (300+ integers) using the common machines we use today. This decryption might be made simple with quantum computers, providing considerably greater safety for our digital lives and possessions. Quantum technology may make it possible to simulate considerably more intricate computer situations, such as those seen in aviation. Significant time and financial advantages for businesses come from assisting with aircraft scheduling and routing.
Businesses will be able to better optimize their investment plans, enhance encryption, find new goods, and do a lot more owing to quantum computing. Quantum research is now receiving enormous amounts of funding, private sector competitiveness, and mathematical and scientific skill.
In 2022, the United States allocated around $293 million to QIS (Quantum Information Science) research and development. The National Quantum Initiative Act, which was passed into law in 2018, is responsible for a large portion of the budget growth. This includes the National Institute of Standards and Technology's creation of quantum consortia and the National Science Foundation's development of Quantum Leap Challenge Institutes.
The US market dominated the North America Enterprise Quantum Computing Market by Country in 2021; thereby, achieving a market value of $1,732.6 million by 2028. The Canada market is anticipated to grow at a CAGR of 25.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 24.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Enterprise Quantum Computing Market is Predict to reach $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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