New York, USA, December 22, 2020 (GLOBE NEWSWIRE) – Latest Report Published by Research Dive Worldwide quantum computing market sheds light on the current outlook and future market growth. According to the report, the global ocean computing market is expected to garner $ 667.3 million by growing at a CAGR of 30.0% from 2020 to 2027. This report is drafted by market experts by evaluating all important aspects of the market. It is a perfect source of information and statistics for new entrants, market players, shareholders, stakeholders, investors, etc.
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The report includes:
• Market summary with definition, benefits and application areas.
• Detailed insights into market conditions, dynamics, statistics, growth rate, revenues, market segments, and future forecasts.
• Key market segments, boomers, restrictions, and investment opportunities.
• Current global market position as well as regional market from the perspective of companies, countries and end-industry.
• Information on key companies, current market trends and developments, Porter Five Review, and winning business strategies.
Factors influencing market growth:
According to the report, the growing global cyber attacks are contributing significantly to the growth of the global ocean computer market. In addition, more quantum computational technologies in agriculture are likely to help farmers improve crop efficiency and productivity unlocking beneficial opportunities for market growth. However, if there are no experienced employees, with knowledge of ocean computing it tends to hinder the growth of the market.
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COVID-19 Impact Analysis:
The sudden outbreak of the COVID-19 pandemic has had a major impact on the global oceanic computing market. During this emergency period, quantum computing technology may be used for medical examination and other activities related to COVID-19 pandemic. In addition, the technology can be beneficial for the development of advanced drugs at an accelerated pace and for the analysis of various types of interactions between biomolecules and the fight against infections such as viruses. In addition, businesses are investing heavily in the development of quantum computing for drug discovery in the middle of a crisis. All of these factors are expected to open up new investment opportunities for market growth in the coming years.
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Segment Analysis:
The report divides the quantum computing market into offer type, end user, and application.
By type of offer, the report classifies the market into:
• Consulting solutions
• Systems
Among them, the systems segment is expected to dominate the market by generating revenue of $ 313.3 million by 2027. This is largely due to the growing use of quantum computing in AI , radar manufacturing, machine learning technologies, and much more.
Based on application, the report classifies the market into:
• Optimization
• Machine Learning
• Material simulation
These include the segmen machine learningt it is expected to see accelerated growth and garner $ 236.9 million by 2027. This is largely due to the important role of ocean computing in increasing runtime, capacity, and learning efficiency. In addition, quantum machine learning has the potential to accelerate various machine learning processes such as optimization, serial algebra, in – depth learning, and Kernel evaluation, which is likely to stimulate market growth over the expected period.
Regional Analysis:
The report explains how to look at the ocean market computing market across a number of regions, including:
• Europe
• Asia Pacific
• LAMEA
• North America
Among them, the Asia-Pacific region is estimated to be leading the market growth by growing at a staggering growth rate of 31.60% over the forecast period. This is mainly due to the growing number of ocean computing technologies in a number of sectors including chemicals, healthcare, utilities & pharmaceuticals, and others in this sector.
Market players and business strategies:
The report offers a list of key global players in the quantum computing market and highlights some of their strategies and developments. The key players listed in the report are:
• QC Ware, Corp.
• Quantum Cambridge Computing Limited
• D-Wave Systems Inc.,
• International Business Tools Corporation
• Rigetti Computing
• 1QB Information Technologies
• Lane Research
• StationQ – Microsoft
• Anyon
• Google Inc.
These players contribute significantly to the growth of the market by performing tasks such as mergers and acquisitions, new developments, geographic expansion, and many more.
Our market experts have used a number of tools, techniques and research methods to gain in-depth insights of the global ocean computing sector. In addition, we strive to deliver a unique report to meet the specific requirements of our clients, as per demand. Click here for the Absolute Company Development Strategies Summary Report.
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