Quantum Computing-as-a-Service Market By Type (Web or cloud-based, On-Premise) By Application (Simulation, Machine learning, Optimization) By End User (Space Sector, Defense Sector, Banking , Healthcare, Energy and power, Education, Chemicals, Others) - Global Opportunity Analysis And Industry Forecast, 2021-2027

Global Quantum Computing-as-a-Service Market Overview 

The Global Quantum Computing-as-a-Service market size is estimated to reach $XX million by 2026, growing at a CAGR of XX% over the forecast period of 2021-2026. 

Quantum computing services offer access to this revolutionary technology through the cloud. Quantum Computing is a concept based upon quantum physics. It offers tons of benefits on classical computing, which is not up to mark to solve problems of specific sizes and complexity. 

The current computer we use in our daily lives stockpile data in binary form and use bits to process it, but quantum computers make use of qubits. Therefore, the complex problems that traditional computing methods can't solve are solved with technologies like quantum computing. 

The respective market of quantum computing is still not fully-fledged. Still, the outlook is quite enchanting due to proliferating application of this technology in various sectors ranging from banking to space. 

Accruing flows of riches in research and development and an increasing number of collaborations in the quantum computing field are factors set to drive the growth of the Quantum Computing-as-a-Service Market for the period.

Impact of COVID-19:

COVID-19 harmed the market as Increasing cases of COVID-19 across the globe held the movements of people and forced the shutdown of industries resulting in an economic slowdown. Developed countries were the most affected by the pandemic as most industries shut off. 

COVID-19 harms quantum Computing-as-a-Service as many companies withheld all investments in advanced business solutions and tools due to the low return on investment.

Key Takeaways from Global Quantum Computing-as-a-Service Market Report:

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for Technology, Type, Application, End-use, and by different industry verticals.
• Understand the market dynamics – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes. 
• Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past four years. 
• Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.

By Type, the market for Cloud Segment to grow at the highest CAGR during the forecast period.

During the forecast period, the market for the cloud segment is predicted to develop at the fastest rate of XX%. This growth is due to the excessive riches required to own such a device. 

In addition, their unstable nature and requirement of top-of-the-line professionals in operating and maintenance can result in an abrupt swell in the company's expenses. Therefore, on cloud option suits more as compared to on-premises. 

The cloud-based segment also held the largest share in 2020. The growth is owing to the effectiveness of quantum computing in solving ultra-complex difficulties in a fraction of a second with fewer power requirements. 

By End-use, Healthcare Segment to grow at the highest CAGR during the forecast period.

The healthcare segment is predicted to develop at the fastest CAGR during the projection period. As a result, the segment also held the largest share in 2020. 

This growth is due to its speed in examining molecules, reducing the time devoted to drug development, DNA sequencing, and diagnosis practices. Moreover, IBM Watson, a supercomputer developed by IBM, can flick through thousands of medical reports in a fraction of a second. 

Quantum sensors can become a tool of great help in enhancing the precision of diagnostic techniques. The banking segment held the largest share in 2020. The growth is owing to the countless application of quantum computing in tasks performed by the banking sector. Furthermore, quantum computing can solve the most considerable torment of modern financial systems: data security.

Quantum Computing-as-a-Service Market Dynamics

Driver:

Augmenting collaborations and complex cash flows in research and development are Anticipated to Boost Product Demand. 

• The knowledge we have about quantum computing is still rudimentary and requires a lot of effort to grasp the same. Therefore, tech giants have broadened the flow of hard cash into research and development activities. 

• Moreover, their collaboration with research institutes and academic institutions revolutionizes the market. 

• According to a report, IBM spent around $6.33 billion on quantum research and engineering last year. Similarly, the company collaborated with Grainger College of Engineering (GCE) and allocated $200 million for a joint project in May 2021.

Challenge: 

The expensive nature and complications associated with quantum computers' handling are Anticipated to Hamper Market Growth.

• Despite countless advantages, quantum computing has a few problems that can strangle the market's growth mentioned above. It is extortionate as compared to using traditional bit-based computing technology. 

• Moreover, as this technology deals with quantum information, it requires a highly stable environment because a bit of change can kill the process by hampering the functioning of the quantum computer. 

• On the other hand, the complex mechanism of quantum processes is another major challenge as it requires top-flight engineers to handle it.

Market Regional Analysis:

North America to account for the largest market share during the forecast period.

North America held the largest share of the Quantum Computing-as-a-Service market in 2020, with a global market share of 33%. The growth in this segment is due to factors such as the major players in the quantum computing field.

All top 4 companies like Google, Microsoft, IBM, and Rigetti computing in their respective field belongs to the US. In addition to that, these companies spend billions of dollars every year in their quest for a breakthrough. Similarly, Canada is also determined to lead in the quantum computing service market as the country has spent more than $350 million over the last few years in research and development. 

The Asia Pacific is set to be the fastest-growing over 2021-2026. This growth is owing to the massive healthcare, electronics, and semiconductor industry of countries like China, Japan, Taiwan, and South Korea. Moreover, with rapid industrialization in countries like India, the demand for quantum computing is broadening.

Key Market Players

Key Players in the Global Quantum Computing-as-a-Service Market consist of

• Microsoft, 
• Google, 
• D-Wave Systems, 
• IBM, 
• Rigetti Computing,
• Amazon, 
• and Others.

Recent Developments:

• On December 21, 2020, International Business Machines Corporation publicized that it had successfully acquired "Nordcloud Oy." Nordcloud is a cloud services provider based in Helsinki, Finland. Although the deal's price was kept hidden, the company claimed that step would help IBM outperform other significant competitors such as Microsoft, Google, and AWS in the field of cloud consultancy.

Report Coverage and Scope

The report "Global Quantum Computing-as-a-Service Market" by Research Informatic covers an in-depth detailed analysis for the following segment, hidden under the scope.

Quantum Computing-as-a-Service Market Segmentation

By Technology

• Quantum annealing
• Trapped Icons
• Superconducting Qubits
• Others

By Type

• Web or cloud-based
• On-Premise

By Application

• Simulation
• Machine learning
• Optimization

By End-use

• Space Sector
• Defense Sector
• Banking 
• Healthcare
• Energy and power
• Education
• Chemicals
• Others

By Geography

• North America
• Europe
• APAC
• RoW

Chapter 1 Quantum Computing-as-a-Service Market Overview

1.1 Product Overview and Scope of Quantum Computing-as-a-Service

1.2 Quantum Computing-as-a-Service Market Segmentation By Type

1.2.1 Web or cloud-based

1.2.2 On-Premise

1.3 Quantum Computing-as-a-Service Market Segmentation By End User

1.3.1 Space Sector

1.3.2 Defense Sector

1.3.3 Banking 

1.3.4 Healthcare

1.3.5 Energy and power

1.4 Quantum Computing-as-a-Service Market Segmentation by Regions

1.4.1 North America

1.4.2 China

1.4.3 Europe

1.4.4 Southeast Asia

1.4.5 Japan

1.4.6 India

1.5 Global Market Size (Value) of Quantum Computing-as-a-Service (2015-2027)

Chapter 2 Global Economic Impact on Quantum Computing-as-a-Service Industry

2.1 Global Macroeconomic Environment Analysis

2.1.1 Global Macroeconomic Analysis

2.1.2 Global Macroeconomic Environment Development Trend

2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Quantum Computing-as-a-Service Market Competition by Manufacturers

3.1 Global Quantum Computing-as-a-Service Production and Share by Manufacturers (2021 and 2021)

3.2 Global Quantum Computing-as-a-Service Revenue and Share by Manufacturers (2021 and 2021)

3.3 Global Quantum Computing-as-a-Service Average Price by Manufacturers (2021 and 2021)

3.4 Manufacturers Quantum Computing-as-a-Service Manufacturing Base Distribution, Production Area and Product Type

3.5 Quantum Computing-as-a-Service Market Competitive Situation and Trends

3.5.1 Quantum Computing-as-a-Service Market Concentration Rate

3.5.2 Quantum Computing-as-a-Service Market Share of Top 3 and Top 5 Manufacturers

3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Quantum Computing-as-a-Service Production, Revenue (Value) by Region (2015-2021)

4.1 Global Quantum Computing-as-a-Service Production by Region (2015-2021)

4.2 Global Quantum Computing-as-a-Service Production Market Share by Region (2015-2021)

4.3 Global Quantum Computing-as-a-Service Revenue (Value) and Market Share by Region (2015-2021)

4.4 Global Quantum Computing-as-a-Service Production, Revenue, Price and Gross Margin (2015-2021)

4.5 North America Quantum Computing-as-a-Service Production, Revenue, Price and Gross Margin (2015-2021)

4.6 Europe Quantum Computing-as-a-Service Production, Revenue, Price and Gross Margin (2015-2021)

4.7 China Quantum Computing-as-a-Service Production, Revenue, Price and Gross Margin (2015-2021)

4.8 Japan Quantum Computing-as-a-Service Production, Revenue, Price and Gross Margin (2015-2021)

4.9 Southeast Asia Quantum Computing-as-a-Service Production, Revenue, Price and Gross Margin (2015-2021)

4.10 India Quantum Computing-as-a-Service Production, Revenue, Price and Gross Margin (2015-2021)

Chapter 5 Global Quantum Computing-as-a-Service Supply (Production), Consumption, Export, Import by Regions (2015-2021)

5.1 Global Quantum Computing-as-a-Service Consumption by Regions (2015-2021)

5.2 North America Quantum Computing-as-a-Service Production, Consumption, Export, Import by Regions (2015-2021)

5.3 Europe Quantum Computing-as-a-Service Production, Consumption, Export, Import by Regions (2015-2021)

5.4 China Quantum Computing-as-a-Service Production, Consumption, Export, Import by Regions (2015-2021)

5.5 Japan Quantum Computing-as-a-Service Production, Consumption, Export, Import by Regions (2015-2021)

5.6 Southeast Asia Quantum Computing-as-a-Service Production, Consumption, Export, Import by Regions (2015-2021)

5.7 India Quantum Computing-as-a-Service Production, Consumption, Export, Import by Regions (2015-2021)

Chapter 6 Global Quantum Computing-as-a-Service Production, Revenue (Value), Price Trend by Type

6.1 Global Quantum Computing-as-a-Service Production and Market Share by Type (2015-2021)

6.2 Global Quantum Computing-as-a-Service Revenue and Market Share by Type (2015-2021)

6.3 Global Quantum Computing-as-a-Service Price by Type (2015-2021)

6.4 Global Quantum Computing-as-a-Service Production Growth by Type (2015-2021)

Chapter 7 Global Quantum Computing-as-a-Service Market Analysis by Application

7.1 Global Quantum Computing-as-a-Service Consumption and Market Share by Application (2015-2021)

7.2 Global Quantum Computing-as-a-Service Consumption Growth Rate by Application (2015-2021)

7.3 Market Drivers and Opportunities

7.3.1 Potential Applications

7.3.2 Emerging Markets/Countries

Chapter 8 Quantum Computing-as-a-Service Manufacturing Cost Analysis

8.1 Quantum Computing-as-a-Service Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Price Trend of Key Raw Materials

8.1.3 Key Suppliers of Raw Materials

8.1.4 Market Concentration Rate of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.2.1 Raw Materials

8.2.2 Labour Cost

8.2.3 Manufacturing Expenses

8.3 Manufacturing Process Analysis of Nano Diamond Battery

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

9.1 Quantum Computing-as-a-Service Industrial Chain Analysis

9.2 Upstream Raw Materials Sourcing

9.3 Raw Materials Sources of Quantum Computing-as-a-Service Major Manufacturers in 2021

9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.1.3 Marketing Channel Development Trend

10.2 Market Positioning

10.2.1 Pricing Strategy

10.2.2 Brand Strategy

10.2.3 Target Client

10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis

11.1 Technology Progress/Risk

11.1.1 Substitutes Threat

11.1.2 Technology Progress in Related Industry

11.2 Consumer Needs/Customer Preference Change

11.3 Economic/Political Environmental Change

Chapter 12 Global Quantum Computing-as-a-Service Market Forecast (2021-2027)

12.1 Global Quantum Computing-as-a-Service Production, Revenue Forecast (2021-2027)

12.2 Global Quantum Computing-as-a-Service Production, Consumption Forecast by Regions (2021-2027)

12.3 Global Quantum Computing-as-a-Service Production Forecast by Type (2021-2027)

12.4 Global Quantum Computing-as-a-Service Consumption Forecast by Application (2021-2027)

12.5 Quantum Computing-as-a-Service Price Forecast (2021-2027)

Chapter 13 Appendix