The global quantum computing market, according to the recently published report by Market Research Future (MRFR), is slated to witness a striking CAGR of 34% over the forecast period (2018-2023), reaching a substantial valuation of USD 2.82 billion by 2023.

Regional Analysis

The regional analysis of the Quantum computing market is conducted in regions such as North America, Asia Pacific, Europe, and the rest of the world (RoW). North America is the largest regional market owing to technological advancements and the presence of key market players in a higher concentration in this region. During the forecast period, the market has been estimated to acquire USD 952.29 million at 31.3% CAGR by 2023.

Europe is the second-largest regional [FURL=https://www.marketresearchfuture.com/reports/quantum-computing-market-2583]Quantum Computing Market Forecast[/FURL] due to multiple market-friendly initiatives by the governments of different European countries. over the forecast period, Europe is expected to attain a valuation of USD 894.98 million at 34.5% CAGR. factors driving the market growth in this region are the presence of significant market players, technological advancements, and a rise in R&D activities.

Asia Pacific region is assessed as the third-largest regional market over the forecast period. By 2023, the regional market is likely to register a market share of USD 833.76 million at a 39% CAGR. the market is expected to expand due to the growing IT industry and growing cloud adoption developing countries such as China, India, Japan, South Korea, and Taiwan, among others.

The RoW segment consists of the Middle East & Africa (MEA) and Latin America. the Middle East & Africa (MEA) region is slated to witness gradual growth due to the lack of research and development activities. Moreover, the region is expected to attain a market share of USD 120.50 million at 30.3% CAGR. Latin America is also poised to witness gradual growth, owing to the availability of technologically integrated industries and comparatively better capital. Latin America is expected to rise at 29.8% CAGR, registering a market share of up to USD 21.38 million by 2023.

Competitive Analysis

The major market players identified by MRFR in the global quantum computing market are Cambridge Quantum Computing Ltd., Atos SE, Rigetti & Co, Intel Corporation, Inc., IBM Corporation, QxBranch, D-Wave Systems Inc., Inc., Google,QRA Corp, and QC Ware Corp

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