MarkNtel Advisors Quantum Computing Market Analysis, 2019

Global
Quantum Computing Market Analysis, 2019

Document Outline
Introduction
02
About Us, Key Questions Answered In This Study
Table of Content 05
Market Segmentation, Scope of Work
Research Process & Methodology

Primary Research, Secondary Research, Companies Interviewed, Sample Size, Research Methodology, 16
Forecasting
Sample Pages 24
Global Quantum Computing Market Analysis 2019- Sample
Commercials 67
Disclaimer
69
Related Reports
Copyright 2019. Reproduction is forbidden unless authorized. All rights reserved. 2

Market Segmentation
Global Quantum Computing Market Segmentation
By Offerings By Application By Region
• Hardware • Machine Learning • North America • Others

• Software • Numerical Simulation • USA • Asia-Pacific
• Services • Model Optimization • Canada • China
• Mexico • Japan
By End Users By Technology • EMEA • South Korea
• Private Companies • Quantum Annealing • Germany • India
• Academia • Superconducting • The UK • Others
• Government • Trapped Ion • France • Rest of the World
• Quantum Dot
• Others By Type By Deployment
By Sector • Simulation • On-Premises

• Optimization • Cloud
• Space and Defence • Chemicals
• Sampling • Hybrid
• Automotive • Energy
• Healthcare & • Information technology
Pharmaceuticals • Others (Education,
• Banking and Finance Metrology, Logistics, etc.)

Historical Year: 2015
Base Year: 2019
Table of Content (1/9) Forecast Year: 2025
Table of Content
1. Introduction
1.1. Market Segmentation
1.2. Product Definition
1.3. Research Process
1.4. Assumptions
2. Executive Summary
3. Key Elements of Quantum Ecosystem
4. Research & Development and Road mapping
4.1. Hardware Innovations
4.2. Hardware Developments
4.3. Hardware Innovations
4.4. Hardware Technologies
5. Global Quantum Computing Start-up & Venture Capital Ecosystem
5.1. Notable start-ups of Unicorns
5.1.1. By Rounds of Investment
5.1.2. By Amount
5.1.3. By Leading Investors
5.2. Key Investors Active in the Industry
5.2.1. Angel Investors
5.2.2. Venture Capital Investors
5.3. Innovations

Base Year: 2019
Table of Content
6. Global Quantum Computing Start-up & Venture Capital Ecosystem
6.1. Mergers & Acquisitions
6.1.1. By Acquirer & Acquiree
6.1.2. Proposes of Acquisition or Merger
6.1.3. Transaction Amount & Mode of Payment
7. Expert Verbatim- What our Experts Say?
8. Global Quantum Computing Market Outlook, 2015-2025F
8.1. Market Size & Analysis
8.1.1. Market Revenues
8.2. Market Share & Analysis
8.2.1. By Offerings
8.2.1.1. Software
8.2.1.2. Services
8.2.1.3. Hardware
8.2.2. By Deployment
8.2.2.1. On-Premises
8.2.2.2. Cloud
8.2.2.3. Hybrid
8.2.3. By Technology
8.2.3.1. Quantum Annealing
8.2.3.2. Information technology

Base Year: 2019
Table of Content
8.2.3.3. Superconducting
8.2.3.4. Trapped Ion
8.2.3.5. Quantum Dots
8.2.3.6. Others
8.2.4. By Application
8.2.4.1. Machine Learning
8.2.4.2. Numerical Simulation
8.2.4.3. Model Optimization
8.2.5. By Sector
8.2.5.1. Aerospace & Defense
8.2.5.2. Agriculture
8.2.5.3. Automotive
8.2.5.4. Consumer & Retail
8.2.5.5. Chemicals & Materials
8.2.5.6. Energy & Power
8.2.5.7. Finance & Management
8.2.5.8. IT & Telecom
8.2.5.9. Life Sciences & Pharma
8.2.5.10. Logistics & Transportation
8.2.5.11. Sensors & Manufacturing
8.2.5.12. Medical Devices & Imaging

Base Year: 2019
Table of Content
8.2.6. By End Users
8.2.6.1. Private Companies
8.2.6.2. Academia
8.2.6.3. Government
8.2.7. By Region
8.2.7.1. North America
8.2.7.2. Europe
8.2.7.3. Asia Pacific
8.2.7.4. Rest of the World
8.2.8. By Leading Companies
8.2.8.1. Competitor Positioning
8.2.8.2. Strategic Factorial Indexing
8.2.8.3. Competitor Placement in MarkNtel Quadrant
8.3. Market Attractiveness Index
8.3.1. By Offering
8.3.5. By Sector
8.3.6. By End User Industry
8.3.7. By Region

Base Year: 2019
Table of Content
9. North America Quantum Computing Market Outlook, 2015-2025F
9.2.1. By Offering
9.2.5. By Sector
9.2.7. By Country
9.2.7.1. The US
9.2.7.2. Canada
9.2.7.3. Mexico
10. Europe Quantum Computing Market Outlook, 2015-2025F
10.2.1. By Offering

Base Year: 2019
Table of Content
10.2.5. By Sector
10.2.7. By Country
10.2.7.1. The UK
10.2.7.2. Germany
10.2.7.3. France
10.2.7.4. Rest of Europe
11. ASPAC Quantum Computing Market Outlook, 2015-2025F
11.2.1. By Offering
11.2.5. By Sector
11.2.7. By Country
11.2.7.1. China
11.2.7.2. Japan

Base Year: 2019
Table of Content
11.2.7.3. South Korea
11.2.7.4. India
11.2.7.5. Rest of ASPAC
12. Rest of the World Quantum Computing Market Outlook, 2015-2025F
12.1.Market Size & Analysis
12.2.Market Share & Analysis
12.2.1. By Offering
12.2.5. By Sector
12.2.7. By Region
12.2.7.1. South Korea
12.2.7.2. Middle East & Africa
13. Global Quantum Computing Market Trends & Insights
14. Global Quantum Computing Market Dynamics
14.1.Growth Drivers
14.2.Challenges
14.3.Impact Analysis

Base Year: 2019
Table of Content
15. Global Quantum Computing Market Hotspot & Opportunities
16. Global Quantum Computing Market Key Strategic Imperatives for Success & Growth
17. Competition Outlook
17.1.Competition Matrix
17.1.1. Service Offerings
17.1.2. Target Regions
17.1.3. Target End Users
17.1.4. Research & Development
17.1.5. Strategic Alliances
17.1.6. Strategic Initiatives
17.2.Company Profiles
17.2.1. IBM
17.2.2. Google
17.2.3. QC Ware
17.2.4. D- Wave System
17.2.5. 1QB Information Technologies
17.2.6. Qxbranch
17.2.7. Cambridge Quantum Computing
17.2.8. Rigetti Computing
17.2.9. HP
17.2.10. NTT

Base Year: 2019
Table of Content
17.2.11. Intel
17.2.12. Northrum Grumman
17.2.13. Toshiba
17.2.14. Accenture
17.2.15. Fujitsu
17.2.16. Quantum Circuits
17.2.17. Alibaba
17.2.18. Accenture
17.2.19. ABD Prof
17.2.20. Xanadu
18. Disclaimer

Document Outline
Introduction
02
Table of Content 05
Market Segmentation, Scope Of Work

Forecasting
Sample Pages 24
Commercials 67
Disclaimer
69
Related Reports

Global Quantum Computing Start-up & Venture Capital Ecosystem
Copyright 2019. Reproduction is forbidden unless authorized. All rights reserved.

Global Quantum Computing: Venture Capital Investment Climate (1/4)
Table 15: Investment in Quantum Computing (USD Million), Table 15: Number of Investment Deals of Quantum Computing,
2014-2019 2014-2019
16
10
7
42
2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019
Table 15: Quantum Computing Top Funded Companies (Till

Table 15: Quantum Computing Deal Share By Stage, 2014-2019
2018)
538.67
120% 450
100% 324.14
80% 249 246
182.5 170 163
60% 116.05 115.8
40%
20%
0%
2014 2015 2016 2017 2018 2019
Seed / Angel Series A Series B Series C

Series D Series E+ Other Source: Crunchbase, Bloomberg, CapitalIQ

Global Quantum Computing Start-up Funding Ecosystem (3/4)
Table 15: Funding for QC startups is increasing over the years- with more software/full stack companies getting
funded at seed and early-stage
QC Funding By Type Of Rounds (USD Million) QC Funding Rounds, By Type of Round
30 1
3
2 1 6
137 1 1 2
79 1
34 21 3 3 3 2 2
34 12 1
2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017
Seed Early Stage Late Stage Seed Early Stage Late Stage
QC Funding Concentration (% of total) QC Funding By Type of Company (in USD Million)
1%
40% 30% 84
100% 100% 100% 99%
60% 70% 35
51 2
12 48
34 34 29
2012 2013 2014 2015 2016 2017 21
Others 2012 2013 2014 2015 2016 2017
D Wave, Rigetti, Cambridge Quantum Computing Limited Hardware Software Full Stack
Source: Crunchbase, Bloomberg, CapitalIQ

Global Quantum Computing Market Outlook, 2015-2025F

Global Quantum Computing Market Outlook, By Revenues
Figure 1: Global Quantum Computing Market Revenues (USD Million), 2015- 2025F
Revenue: XX% Revenue: XX%

CAGR
CAGR
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
Revenue (USD million) Source: MarkNtel Advisors
• Quantum Computing market has been surging on account of the development of innovations in science, healthcare, and life sciences to
save lives, machine learning methods to diagnose diseases, materials to make more efficient devices and structures, and algorithms to
quickly direct resources. Moreover, the growing need to solve complex algorithms to simplify navigation, seismology, neurosciences,
astrophysics, astronomy, etc., has been promulgating the need for quantum computing.
• Besides, growing venture capitalists’ participation has been acting as a big boost to the global quantum computing industry. The
companies specialized in quantum computing technology received private investments, worth approx. USD 450 million in the year 2017
and 2018. Moreover, the leading companies such as IBM, Google, and Intel are also investing in quantum computing in diverse fields.
Therefore, it is expected the global quantum computing market is anticipated to boost during the forecast period.

Global Quantum Computing Market Outlook, By Revenues
• Quantum flagship program of Europe would invest USD 150 million on 20 demonstration projects by 2021. The initiative of
European government would further boost the global market during the forecast period.
Figure 1: European Investment, By Number of Selected and Proposed Proposals, By Technology Frontiers, 2019-21
Investment: USD 150 million
Selected Proposed
83
19.5 1.2 0
9.25 6.5
7 3.5 1.75 3.5 1.8 0.7
Basic Science Sensing & Metrology Computing Communication Simulation Coordination and
Support
• European government planned to build 2 quantum computers, worth USD1.1 billion.
• Germany government announced investment, worth USD 721.5 million in 2018.

Source: Europe Quantum Flagship Program

Global Quantum Computing Market Revenue Share, By Offerings
Figure 2: Global Quantum Computing Market Revenue Share, By Offerings, 2019 & 2025F
Software Hardware
2019 2025F
Services
Source: MarkNtel Advisors
• Hardware: This segment includes quantum computers, quantum annealers, and quantum simulators, which are used in various industries
such as Banking and Finance, etc. Increasing demand for systems on account of expansion and increasing investment from companies are
further expected to help gaining the global market through 2025. Moreover, advancements in quantum computers design and their
benefits such as less energy usage are further contributing to the growing demand for systems. For instance, IBM launched a standalone
quantum computer in 2019.
• Services: The increasing requirement for secure communication and data transfer, coupled with speedy data operation is generating the
demand for consulting solutions in the space and defence industry. Moreover, the rising adoption of cloud services including software as a
service is further contributing to the growth of consulting solutions across the globe.

Global Quantum Computing Market Revenue Share, By Deployment
Figure 3: Global Quantum Computing Market Revenue Share, By Deployment, 2019 & 2025F
Cloud
2019 Hybrid 2025F
On-Premises
• Cloud: Through cloud deployment, end-users can develop, test and run their programs without the use of the quantum computer.
Therefore, it is more popular among end-users and supports the global market to grow. Moreover, the companies expansion plans are
expected to rise the revenue share of the cloud-based quantum computing in more years to come. For instance, D Wave System Inc.
announced its expansion of Leap cloud service in Europe and Japan.
• End Users such as academia and government research are amongst the market leaders as they are leveraging this breakthrough
innovation to resolve humanity concerns. Private companies are increasingly involved in the development of novel Quantum
Microprocessors as well as, as the development of Nano sensing technologies through new material and semiconductors.

Global Quantum Computing Market Revenue Share, By Technology
Figure 4: Global Quantum Computing Market Revenue Share, By Technology, 2019 & 2025F
Quantum Annealing
Superconducting
2019 Trapped Ion

2025F
Quantum Dot
Others
• Quantum Annealing: Quantum Annealing is used to solve optimization and sampling problems. The companies such as NASA, Google,
Volkswagen are investing in quantum annealing technologies to overcome problems associated with multitasking, and machine learning.
Hence, the demand for quantum Annealing technology is projected to grow at a CAGR of xx% during through 2025.
• Superconducting: Superconducting has several benefits such as develop with existing fabrication techniques and it performs very fast gate
operations, which are attracting a large number of end-users across the globe. In the world, companies such as Google, IBM, Rigetti, etc.
are using superconducting circuits to perform quantum calculations. Therefore, the demand for superconducting technology is generated
worldwide.

Global Quantum Computing Market Revenue Share, By Application
Figure 4: Global Quantum Computing Market Revenue Share, By Application, 2019 & 2025F
Machine Learning/ Deep learning/

Artificial Intelligence
Optimization
2019 Simulation & Data Modeling 2025F
Cyber Security
Others
• Optimization: The various industries including energy, BFSI, Automotive, Aerospace are using quantum computing to reduce its effort
towards optimization. Banking and Financial institutions across the world face various issues including portfolio optimization, fraud
detection, market predictions, asset pricing, etc. To overcome these issues, banking and financial institutions are being attracted towards
quantum computing. For instance, companies such as Barclays, JP Morgan Chase are having trails to overcome optimization problem.
Therefore, the demand for quantum computing is rising for optimization throughout the globe.

Global Quantum Computing Market Revenue Share, By End User
Figure 5: Global Quantum Computing Market Revenue Share, By End User, 2019 & 2025F
Space and
Defense
2019 2025
Others* Automotive
XX% XX%
2019 2025 2019 2025
XX% XX% XX% XX%
Information Healthcare &&

Healthcare
Pharmaceuticals
Technology 2019: Pharmaceuticals
2019 2025 USD XX 2019 2025
Million XX% XX%
XX% XX%
Energy Banking and

Finance
2019 2025 2019 2025
XX% XX%
Chemicals
XX% XX%
2019 2025
XX% XX%
*Others: Education, Metrology, Logistics, etc.


Global Quantum Computing Market Revenue Share, By Region
Figure 6: Global Quantum Computing Market Revenue Share, By Region, 2019 & 2025F
Europe Middle
East & Africa
 2019: XX%
 2025F: XX%
Asia Pacific
 2019: XX%
North America
 2025F: XX%
 2019: XX%
 2025F: XX%

Global Quantum Computing Market Revenue Share, By Company
Figure 7: Global Quantum Computing Market Revenue Share, By Company, 2019
Revenue
Name of the Company
(USD Mn)
1QB Information
XX
Technologies Inc.
Accenture XX
Cambridge Quantum
XX
Computing Ltd.
D-Wave Systems Inc. XX
USD XXX
Million Evolutionq Inc. XX
Fujitsu Ltd. XX
Google LLC XX
Hewlett Packard Enterprise
XX
Development LP (HPE)
Hitachi Ltd. XX
Others XX
Source: MarkNtel Advisors Primary Surveys, Annual Reports, Press Releases

Asia-Pacific Quantum Computing Market Outlook, 2015-2025F

Asia-Pacific Quantum Computing Market Outlook, By Revenues
Figure 8: Asia-Pacific Quantum Computing Market Revenues (USD Million) & Unit Sold (Thousands), 2015- 2025F

CAGR
CAGR
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
Revenue (USD million) Source: MarkNtel Advisors
• Asia-Pacific Quantum computing market is expected to grow at the highest CAGR in the coming years due to increasing investments by the
governments and technology giants in Japan, China and India.
 Japan planned to develop quantum computers by 2039.
 Department of Science and Technology (DST) launched a Quantum-Enabled Science & Technology (QuEST) programme in 2019.
DST would invest USD 800 million by 2022 to build quantum computers in India.
 Chinese government is constructing a National Laboratory for quantum Information Sciences in Hefei, Anhui, worth USD 10 billion,
which is scheduled to open in 2020.
• Moreover, private companies are forming partnership for building a quantum computing laboratory in the Asia-Pacific region. For
instance, Alibaba alliance with the China Academy of Sciences (CAS) in 2015. This is supporting the region to grow from 2015.

Asia-Pacific Quantum Computing Market Revenue Share, By Offering & By Deployment
Figure 9: Asia-Pacific Quantum Computing Market Revenue Share, By Offering, 2019 & 2025F
2019 Hardware Software Services

2025F
Figure 10: Asia-Pacific Quantum Computing Market Revenue Share, By Deployment, 2019 & 2025F
On-Premises
2019 2025F
Cloud
Hybrid

Asia-Pacific Quantum Computing Market Revenue Share, By Technology & By
Application
Figure 9: Asia-Pacific Quantum Computing Market Revenue Share, By Technology, 2019 & 2025F
Quantum Annealing
Superconducting
2019 Trapped Ion 2025F

Quantum Dot
Others
Figure 10: Asia-Pacific Quantum Computing Market Revenue Share, By Application, 2019 & 2025F
Machine Learning/ Deep learning/

Artificial Intelligence
Optimization
2019 Simulation & Data Modeling 2025F

Cyber Security
Others

Asia-Pacific Quantum Computing Market Revenue Share, By Type
Figure 4: Asia-Pacific Quantum Computing Market Revenue Share, By Type, 2019 & 2025F
Simulation
2019 Optimization
2025F
Sampling
• Simulation: The demand for quantum computing simulation is expected to rise in the coming years due to rise in demand to simulate
molecules and materials to gain an accurate output. These are broadly used in industries such as automotive, chemicals, energy and power,
and healthcare, which supports the growth of simulation from the past few years. The introduction of drugs or medicines is an expensive
process and molecules simulation is generating high demand in the pharma industry. Quantum computing plays an important role in
pharma research and development due to its ability to simulate quantum objects.
• Optimization: Quantum optimization is used in various industries including, Energy, Finance, Manufacturing etc. Quantum optimization
supports the energy sector in optimizing network structure and analysing energy usage. For instance, in 2019, ExxonMobil, announced its
plan to develop energy and manufacturing technologies using quantum computing. Thus it is further projected that its share would rise
from xx% in 2019 to xx% in 2025.

Asia-Pacific Quantum Computing Market Revenue Share, By End User
Figure 12: Asia-Pacific Quantum Computing Market Revenue Share, By End User, 2019 & 2025F
Space and
Defense
2019 2025
Others* Automotive
XX% XX%
2019 2025 2019 2025
XX% XX% XX% XX%
Information Healthcare &&

Healthcare
Pharmaceuticals
Technology 2019: Pharmaceuticals
2019 2025 USD XX 2019 2025
Million XX% XX%
XX% XX%
Energy Banking and

Finance
2019 2025 2019 2025
XX% XX%
Chemicals
XX% XX%
2019 2025
XX% XX%
*Others: Education, Metrology, Logistics, etc.


Asia-Pacific Quantum Computing Market Revenue Share, By Country
Figure 13: Asia-Pacific Quantum Computing Market Revenue Share, By Country, 2019 & 2025F
Country 2019 2025
China XX% XX%
India XX% XX%
Japan XX% XX%
South Korea XX% XX%
Others XX% XX%

Asia-Pacific Quantum Computing Market Revenue Share, By Company
Figure 14: Asia-Pacific Quantum Computing Market Revenue Share, By Company, 2019
Revenue
Name of the Company
(USD Mn)
1QB Information
XX
Technologies Inc.
Accenture XX
Cambridge Quantum
XX
Computing Ltd.
D-Wave Systems Inc. XX
USD XXX
Million Evolutionq Inc. XX
Fujitsu Ltd. XX
Google LLC XX
Hewlett Packard Enterprise
XX
Development LP (HPE)
Hitachi Ltd. XX
Others XX
Source: MarkNtel Advisors Primary Surveys, Annual Reports, Press Releases

China Quantum Computing Market Outlook, 2015-2025F

China Quantum Computing Market Outlook, By Revenues
Figure 15: China Quantum Computing Market Revenues (USD Million), 2015- 2025F
CAGR
CAGR
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
• Quantum computing offers high processing power, enhanced error detection ability, along with writing and refining quantum algorithms
are attracting Chinese customers. These factors together contribute towards a healthy growth of XX% during 2020-25.
• In 2016, China launched few project for quantum computing, under which China has planned to expand national quantum
communications infrastructure, build a quantum simulator, etc. This expansion plan of the Chinese government would boost the demand
for quantum computing in the coming years.
• Few other applications of quantum computing includes cryptography as it enables quantum encrypted communication. The development
of quantum cryptography to transfer information with high security is expected to develop Chinese market in the years to come. For
instance, quantum cryptography is used by a Chinese satellite for a secure videoconference.

Document Outline
Introduction
02
Table of Content 05
Market Segmentation, Scope of Work

Forecasting
Sample Pages 24
Commercial 67
Disclaimer
69
Related Reports

Disclaimer
Policy: MarkNtel Advisors comprises Market specific information that is intended for key sets of customers which can be used for
internal purposes, but not for general publication or disclosure to third parties.
No part of the report can be, lent, resold or disclosed to non-customers without written permission. No part may be reproduced, stored in
a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the
permission of the publisher. The Market specific information is based on primary interviews and MarkNtel Advisors takes no
responsibility for any incorrect information provided to us. MarkNtel Advisors would not be held responsible for any loss or damage
caused due to the usage of such information and thus would not refund in any case the amount spent by the company in purchasing such
information.

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Global

Quantum Computing Market Analysis, 2019

Research Process & Methodology

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By Offerings By Application By Region

• Hardware • Machine Learning • North America • Others

By Sector • Simulation • On-Premises

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Research Process & Methodology

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Table 15: Quantum Computing Top Funded Companies (Till

Seed / Angel Series A Series B Series C

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QC Funding By Type Of Rounds (USD Million) QC Funding Rounds, By Type of Round

QC Funding Concentration (% of total) QC Funding By Type of Company (in USD Million)

Others 2012 2013 2014 2015 2016 2017

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Revenue: XX% Revenue: XX%

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Investment: USD 150 million

• European government planned to build 2 quantum computers, worth USD1.1 billion.

• Germany government announced investment, worth USD 721.5 million in 2018.

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Source: MarkNtel Advisors

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2019 Hybrid 2025F

Source: MarkNtel Advisors

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2019 Trapped Ion

Source: MarkNtel Advisors

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Machine Learning/ Deep learning/

2019 Simulation & Data Modeling 2025F

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2019 2025 2019 2025

XX% XX% XX% XX%

Information Healthcare &&

Energy Banking and

*Others: Education, Metrology, Logistics, etc.

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Source: MarkNtel Advisors

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Source: MarkNtel Advisors Primary Surveys, Annual Reports, Press Releases

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Revenue: XX% Revenue: XX%

 Japan planned to develop quantum computers by 2039.

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