The global quantum computing for enterprise market size is expected to reach USD 3,907.4 Million in 2027 at a CAGR of 47.3% during the forecast period. Increasing demand for quantum computing for drug design and discovery and in identification of novel chemical compounds is a key factor driving revenue growth of market over the forecast period. In addition, increasing need to accelerate artificial intelligence (AI) learning processes is another factor boosting revenue growth of market over the forecast period.
Quantum computing can effectively discover a wide range of possibilities through superposition and entanglement that can improve business value and this is expected to boost revenue growth of market over the forecast period. In pharmaceutical sector, improving front end processing with quantum computing can reduce capital expenditures and repurpose pre-approved drugs more efficiently for new applications. Computational chemists can accelerate the drug discovery process for treatment of a wide range of diseases and this is boosting adoption of quantum computing in drug design and discovery. Adoption of quantum computing in banking and financing sector to enhance data processing and transaction activities is expected to further fuel market growth over the forecast period. Quantum computing also plays a pivotal role in identifying an optimal and cost efficient way to mitigate financial risks and this is expected to further boost market growth over the forecast period.
Increasing investment by government to advance research and development in quantum computing technology is expected to further drive market growth going ahead. However, high cost of quantum computing solutions and concerns regarding public-key encryption are expected to impede market growth to a significant extent over the forecast period. In addition, operation challenges and stability errors of quantum computing are expected to further restrain market growth over the forecast period.
Some Key Highlights in the Report:
For the purpose of this report, Emergen Research has segmented the global quantum computing for enterprise market on the basis of component, deployment, application, end-use, and region:
Component Outlook (Revenue, USD Million; 2017–2027)
Deployment Outlook (Revenue, USD Million; 2017–2027)
Application Outlook (Revenue, USD Million; 2017–2027)
End-use Outlook (Revenue, USD Million; 2017–2027)
Regional Outlook (Revenue, USD Million; 2017–2027)
To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/quantum-computing-for-enterprise-market
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