Market Overview

Enterprise Quantum Computing Market to Reach $2.2 Billion by 2025, According to Tractica

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Leading Industries for Quantum Computing Adoption Will Include Life
Sciences, Aerospace, Oil, Gas, and Mining, Agriculture, and Automotive

Quantum computing is the utilization of the principles of quantum
mechanics to perform calculations and solve problems. Using the unique
phenomena of individual subatomic particles as compute elements, quantum
computers have the potential to quickly solve problems that are
impossible to calculate in timeframes that are useful to humans. By
using superposition and entanglement, two principles of quantum
mechanics, quantum computers will be able to perform calculations
exponentially faster than classical, transistor-based computers, opening
up a new paradigm of high-performance computing power.

According to a new report from Tractica,
while the market for enterprise quantum computing is nascent, total
market revenue will begin to accelerate in the next several years,
rising from $39.2 million in 2017 to $2.2 billion annually by 2025. The
market intelligence firm projects that North America will be the leading
region for quantum computing adoption with $718.3 million in revenue by
2025, followed closely by Europe ($695.8 million) and Asia Pacific
($650.9 million).

"Presently, there is very little actual quantum computing product that
can be purchased," says principal analyst Keith Kirkpatrick. "Even by
2025, it is highly unlikely that most Fortune 500 companies will be
lining up to purchase a quantum computer. As such, much of the revenue
in the market will be generated by services, including general
consulting services that are provided by vendors, professional services
firms, and third-party industry consultants."

Kirkpatrick adds that cloud-based access to quantum computers, which
Tractica believes will be the dominant way that enterprises will use
quantum machines in the near term, will also contribute to services
revenues.

Tractica's report, "Quantum
Computing for Enterprise Markets"
, examines the market trends and
technology issues surrounding quantum computers used by enterprise
organizations, and presents 8-year forecasts for quantum-related
hardware, software, storage, and services during the period from 2017
through 2025. The report includes discussion of the 15 industries that
are researching or initiating quantum computing projects today, and
likely will be utilizing the technology in the future. The report also
includes detailed profiles of 15 key industry players. Market forecasts,
segmented by world region and industry, include hardware, software,
storage, and services revenue. An Executive Summary of the report is
available for free download on the firm's website.

About Tractica

Tractica is a market intelligence firm that focuses on human interaction
with technology. Tractica's global market research and consulting
services combine qualitative and quantitative research methodologies to
provide a comprehensive view of the emerging market opportunities
surrounding Artificial Intelligence, Robotics, User Interface
Technologies, Wearable Devices, and Digital Health. For more
information, visit www.tractica.com
or call +1.303.248.3000.

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