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Asia Pacific Quantum Computing Market
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Asia Pacific Quantum Computing Market

Home ICT Asia Pacific Quantum Computing Market

Asia Pacific Quantum Computing Market, By Component (Hardware, Software, Services); By Technology (Quantum Annealing, Superconducting, Trapped Ion, Quantum Dots); By Application (Machine Learning, Numerical Simulation, Model Optimization); By End User (Aerospace & Defense, Finance & Investment, IT & Communications, Logistics & Transportation, Automotive & Mobility, Chemicals & Materials, Life Sciences & Pharma, Medical Devices & Imaging); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: December 2023
  • Report ID: BWC231023
  • Available Format: PDF
  • Page: 400

Report Overview

The growing investments reflect the expanding potential of quantum technology and increasing adoption of quantum computing in the banking and finance sector are projected to propel the expansion of the Asia-Pacific quantum computing market during the forecast period between 2023 and 2029.

Asia Pacific Quantum Computing Market - Industry Trends & Forecast Report, 2029

Asia-Pacific Quantum Computing Market size was estimated at USD 169.29 million in 2022. During the forecast period between 2023 and 2029, the size of Asia-Pacific Quantum Computing Market is projected to grow at a CAGR of 32.95% reaching a value of USD 934.83 million by 2029. Major growth drivers for the Asia-Pacific Quantum Computing Market include the increasing demand for secure communication and digitization, the emergence of sophisticated applications, and the early integration of quantum computers across diverse industries. Notably, escalated investments in quantum computing technology, the upsurge in strategic partnerships and collaborations among prominent vendors, and the rising demand on datacenters due to the growing intricacy in the designs of classical binary computing systems are contributing to this growth. Also, the market is positively impacted by the increasing awareness of the benefits of quantum computing, such as its exponential speed for optimization and crucial calculations. The healthcare and pharmaceuticals industry's growing demand and application of quantum technology are also significant contributors to the rising market growth rate. Another driving force is the advancements in research and development capabilities and the early adoption of quantum computing in the banking and finance sector are further propelling the market forward during the forecast period.

Asia Pacific Quantum Computing Market

Quantum Computing – Overview

Quantum computing is a field of rapidly advancing computer technology research that leverages quantum mechanics phenomena to achieve a significant advancement in computation, particularly for solving specific problems. The focus of quantum computing technology lies in developing technologies based on the principles of quantum theory and mechanics, and it is comprised of qubits.

Asia-Pacific Quantum Computing Market

Growth Drivers

Increasing Investments in Quantum Computing Technology

The Asia-Pacific Quantum Computing Market is experiencing intensified investments driven by continuous advancements in quantum hardware and sophisticated algorithm development. Notably, the demand for quantum computing as a service is on the rise, as exemplified by the strategic partnership formed in December 2022 between Tech Mahindra and IQM Quantum Computers. Major industry players, including IBM, Microsoft, Google, and Alibaba, are making substantial investments in regional quantum algorithm development. For instance, Alibaba's collaboration with the Chinese Academy of Sciences resulted in a quantum computing cloud platform, fostering consumer engagement and generating valuable analytical insights. These developments underscore the market's growth, fueled by increasing innovations, consumer engagement, and the adoption of quantum technology, promising a positive forecast.

Restraints

Inadequate Availability of Skilled Professionals and High Development Costs

The growth of the quantum computing market faces significant challenges, primarily due to the high cost associated with developing and maintaining quantum hardware, attributed to the necessity for highly specialized components. The production of these components incurs substantial expenses, subsequently increasing the overall costs of handling and setups. Moreover, the market is impeded by the lack of government support and funding for research and development, along with the limited presence of regional startups. These factors collectively hinder the progress of quantum algorithms and applications, resulting in a notable reduction in the overall market growth potential.

Asia-Pacific Quantum Computing Market

Segmental Coverage

Asia-Pacific Quantum Computing Market – By Component

Based on component, the Asia-Pacific Quantum Computing Market is divided into Hardware, Software, and Services segments. The service segment holds the highest share in the Asia-Pacific Quantum Computing Market by component. The segment encompasses a spectrum of quantum computing services, including consulting, quantum software development, algorithm design, and quantum cloud services. There was a notable demand for consulting firms specialized in quantum computing, providing valuable guidance to businesses and organizations. These firms assisted clients in evaluating the potential influence of quantum computing on their operations, helping them identify applications prepared for quantum integration, and devising strategies to seamlessly incorporate quantum technology into their existing workflows.

Asia-Pacific Quantum Computing Market – By Technology

Based on technology, the Asia-Pacific Quantum Computing Market is divided into Quantum Annealing, Superconducting, Trapped Ion, and Quantum Dots segments.

Asia-Pacific Quantum Computing Market – By Application

Based on application, the Asia-Pacific Quantum Computing Market is divided into Machine Learning, Numerical Simulation, and Model Optimization segments. The machine learning segment holds the highest share in the Asia-Pacific Quantum Computing Market by application. Machine learning empowers users to comprehend the traits of quantum systems, devise codes for quantum error correction, and innovate new quantum algorithms. This capability enhances the understanding and optimization of quantum processes, fostering the development of advanced techniques and algorithms within the quantum computing domain.

Asia-Pacific Quantum Computing Market – By End User

On the basis of end user, the Asia-Pacific Quantum Computing Market is segmented as Pharmaceutical & Biopharmaceutical Companies, Labs & Research Institutes, Healthcare Providers, Healthcare Payers segments. The pharmaceutical & biopharmaceutical companies segment is expected to hold the highest share in the Asia-Pacific Quantum Computing Market by end user during the forecast period. Pharmaceutical and biopharmaceutical companies are keenly interested in harnessing quantum computing to expedite drug research and development. Quantum computing has the capacity to enhance molecular interactions, optimize the efficacy of clinical trials, and significantly expedite the process of identifying potential drug candidates.

Asia-Pacific Quantum Computing Market – By Application

Based on application, the Asia-Pacific Quantum Computing Market is divided into Aerospace & Defense, Finance & Investment, IT & Communications, Logistics & Transportation, Automotive & Mobility, Chemicals & Materials, Life Sciences & Pharma, and Medical Devices & Imaging segments. The finance & investments segment holds the highest share in the Asia-Pacific Quantum Computing Market by application. The increasing need for quantum computing arises from its swift data processing capabilities, delivering significant benefits to the BFSI sector. It empowers the financial industry to perform rapid data analysis, especially for functions like fraud detection, comprehension of customer behavior, and decision-making facilitation. This prevailing trend revolves around leveraging the speed of quantum computing to extract valuable insights from extensive datasets, ultimately enhancing the efficiency of various financial processes.

Asia-Pacific Quantum Computing Market – By Country

Geographically, Asia-Pacific Quantum Computing Market is segmented as China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. China dominates the Asia-Pacific Quantum Computing Market. It can be primarily due to its substantial investments in quantum technology research and development. The country's commitment to advancing quantum capabilities, coupled with strategic partnerships and government support, positions China as a frontrunner in harnessing quantum computing's potential across various sectors in the Asia-Pacific region.

Competitive Landscape

Major players operating in the Asia-Pacific Quantum Computing Market include Alibaba Group, Entropica Labs, IBM Corporation, Baidu Research, Horizon Quantum Computing, QNu Labs, QuintessenceLabs, SpeQtral, and QuantumCTek Co. Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In April 2023 - IQM Quantum Computers expanded globally into the Asia-Pacific region by opening its first office in Singapore. The move aims to advance quantum technology and build collaborations within Singapore's quantum-ready environment. With a strategic focus on talent, research, and public-private partnerships, IQM plans to explore applications and accelerate quantum hardware research, development, and education.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC

Product/ Service Segmentation

Component, Technology, Application, End User, Country

Key Players

Alibaba Group, Entropica Labs, IBM Corporation, Baidu Research, Horizon Quantum Computing, QNu Labs, QuintessenceLabs, SpeQtral, QuantumCTek Co. Ltd

 

By Component

  • Hardware

  • Software

  • Services

By Technology

  • Quantum Annealing

  • Superconducting

  • Trapped Ion

  • Quantum Dots

By Application

  • Machine Learning

  • Numerical Simulation

  • Model Optimization

By End User

  • Aerospace & Defense

  • Finance & Investment

  • IT & Communications

  • Logistics & Transportation

  • Automotive & Mobility

  • Chemicals & Materials

  • Life Sciences & Pharma

  • Medical Devices & Imaging

By Country

  • China

  • India

  • Japan

  • South Korea

  • Australia & New Zealand

  • Indonesia

  • Malaysia

  • Singapore

  • Vietnam

  • Rest of APAC

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Asia-Pacific Quantum Computing Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Intensifying investments in quantum technology
        2. Increasing adoption of quantum computing in the banking and finance sector
      2. Restraints
        1. Inadequate availability of skilled professionals
        2. Stability and error correction issues
      3. Opportunities
        1. Growing adoption of quantum computing in drug discovery
        2. Increasing focus on deployment of emerging technologies
      4. Challenges
        1. Lack of awareness of quantum technology
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Asia-Pacific Quantum Computing Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offerings
        1. Hardware
        2. Software
        3.  Services
      2. By Technology
        1. Quantum Annealing
        2. Superconducting
        3.  Trapped Ion
        4.  Quantum Dots
        5.  Others
      3. By Application
        1. Machine Learning
        2. Numerical Simulation
        3.  Model Optimization
      4. By End User
        1. Aerospace & Defense
        2. Finance & Investment
        3.  IT & Communications
        4. Logistics & Transportation
        5.  Automotive & Mobility
        6.  Chemicals & Materials
        7.  Life Sciences & Pharma
        8.  Medical Devices & Imaging
        9.  Others
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia & New Zealand
        6. Indonesia
        7. Malaysia
        8. Singapore
        9. Vietnam
        10. Rest of APAC
  5. China Quantum Computing Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offerings
      2. By Technology
      3. By Application
      4. By End User
  6. India Quantum Computing Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offerings
      2. By Technology
      3. By Application
      4. By End User
  7. Japan Quantum Computing Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offerings
      2. By Technology
      3. By Application
      4. By End User
  8. South Korea Quantum Computing Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offerings
      2. By Technology
      3. By Application
      4. By End User
  9. Australia & New Zealand Quantum Computing Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offerings
      2. By Technology
      3. By Application
      4. By End User
  10. Indonesia Quantum Computing Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offerings
      2. By Technology
      3. By Application
      4. By End User
  11. Malaysia Quantum Computing Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offerings
      2. By Technology
      3. By Application
      4. By End User
  12. Singapore Quantum Computing Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offerings
      2. By Technology
      3. By Application
      4. By End User
  13. Vietnam Quantum Computing Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offerings
      2. By Technology
      3. By Application
      4. By End User
  14. Rest of APAC Quantum Computing Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Offerings
      2. By Technology
      3. By Application
      4. By End User
  15. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia-Pacific Quantum Computing Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
  16. Impact of Covid-19 on Asia-Pacific Quantum Computing Market
  17.   Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook and SWOT Analysis)
    1. Alibaba Group
    2. Entropica Labs
    3. IBM Corporation
    4. Baidu Research
    5. Horizon Quantum Computing
    6. QNu Labs
    7. QuintessenceLabs
    8. SpeQtral
    9. QuantumCTek Co. Ltd
    10. Other Prominent Players
  18. Key Strategic Recommendations
  19. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

 

*Financial information of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1       Asia-Pacific Quantum Computing Market Segmentation

Figure 2       Asia-Pacific Quantum Computing Market Value Chain Analysis

Figure 3   Company Market Share Analysis, 2022

Figure 4       Asia-Pacific Quantum Computing Market Size, By Value (USD Million), 2019–2029

Figure 5       Asia-Pacific Quantum Computing Market Share, By Offerings, By Value, 2019–2029

Figure 6      Asia-Pacific Quantum Computing Market Share, By Technology, By Value, 2019–2029

Figure 7      Asia-Pacific Quantum Computing Market Share, By Application, By Value, 2019–2029

Figure 8      Asia-Pacific Quantum Computing Market Share, By End User, By Value, 2019–2029

Figure 9      Asia-Pacific Quantum Computing Market Share, By Country, By Value, 2019–2029

Figure 10    China Quantum Computing Market Size, By Value (USD Million), 2019–2029

Figure 11   China Quantum Computing Market Share, By Offerings, By Value, 2019–2029

Figure 12   China Quantum Computing Market Share, By Technology, By Value, 2019–2029

Figure 13   China Quantum Computing Market Share, By Application, By Value, 2019–2029

Figure 14    China Quantum Computing Market Share, By End User, By Value, 2019–2029

Figure 15   India Quantum Computing Market Size, By Value (USD Million), 2019–2029

Figure 16    India Quantum Computing Market Share, By Offerings, By Value, 2019–2029

Figure 17    India Quantum Computing Market Share, By Technology, By Value, 2019–2029

Figure 18    India Quantum Computing Market Share, By Application, By Value, 2019–2029

Figure 19    India Quantum Computing Market Share, By End User, By Value, 2019–2029

Figure 20    Japan Quantum Computing Market Size, By Value (USD Million), 2019–2029

Figure 21    Japan Quantum Computing Market Share, By Offerings, By Value, 2019–2029

Figure 22    Japan Quantum Computing Market Share, By Technology, By Value, 2019–2029

Figure 23    Japan Quantum Computing Market Share, By Application, By Value, 2019–2029

Figure 24    Japan Quantum Computing Market Share, By End User, By Value, 2019–2029

Figure 25    South Korea Quantum Computing Market Size, By Value (USD Million), 2019–2029

Figure 26    South Korea Quantum Computing Market Share, By Offerings, By Value, 2019–2029

Figure 27    South Korea Quantum Computing Market Share, By Technology, By Value, 2019–2029

Figure 28    South Korea Quantum Computing Market Share, By Application, By Value, 2019–2029

Figure 29    South Korea Quantum Computing Market Share, By End User, By Value, 2019–2029

Figure 30    Australia & New Zealand Quantum Computing Market Size, By Value (USD Million), 2019–2029

Figure 31    Australia & New Zealand Quantum Computing Market Share, By Offerings, By Value, 2019–2029

Figure 32    Australia & New Zealand Quantum Computing Market Share, By Technology, By Value, 2019–2029

Figure 33 Australia & New Zealand Quantum Computing Market Share, By Application, By Value, 2019–2029

Figure 34    Australia & New Zealand Quantum Computing Market Share, By End User, By Value, 2019–2029

Figure 35    Indonesia Quantum Computing Market Size, By Value (USD Million), 2019–2029

Figure 36    Indonesia Quantum Computing Market Share, By Offerings, By Value, 2019–2029

Figure 37    Indonesia Quantum Computing Market Share, By Technology, By Value, 2019–2029

Figure 38    Indonesia Quantum Computing Market Share, By Application, By Value, 2019–2029

Figure 39    Indonesia Quantum Computing Market Share, By End User, By Value, 2019–2029

Figure 40    Malaysia Quantum Computing Market Size, By Value (USD Million), 2019–2029

Figure 41    Malaysia Quantum Computing Market Share, By Offerings, By Value, 2019–2029

Figure 42    Malaysia Quantum Computing Market Share, By Technology, By Value, 2019–2029

Figure 43    Malaysia Quantum Computing Market Share, By Application, By Value, 2019–2029

Figure 44     Malaysia Quantum Computing Market Share, By End User, By Value, 2019–2029

Figure 45    Singapore Quantum Computing Market Size, By Value (USD Million), 2019–2029

Figure 46    Singapore Quantum Computing Market Share, By Offerings, By Value, 2019–2029

Figure 47    Singapore Quantum Computing Market Share, By Technology, By Value, 2019–2029

Figure 48    Singapore Quantum Computing Market Share, By Application, By Value, 2019–2029

Figure 49    Singapore Quantum Computing Market Share, By End User, By Value, 2019–2029

Figure 50    Vietnam Quantum Computing Market Size, By Value (USD Million), 2019–2029

Figure 51    Vietnam Quantum Computing Market Share, By Offerings, By Value, 2019–2029

Figure 52    Vietnam Quantum Computing Market Share, By Technology, By Value, 2019–2029

Figure 53    Vietnam Quantum Computing Market Share, By Application, By Value, 2019–2029

Figure 54    Vietnam Quantum Computing Market Share, By End User, By Value, 2019–2029

Figure 55    Rest of Asia-Pacific Quantum Computing Market Size, By Value (USD Million), 2019–2029

Figure 56    Rest of Asia-Pacific Quantum Computing Market Share, By Offerings, By Value, 2019–2029

Figure 57    Rest of Asia-Pacific Quantum Computing Market Share, By Technology, By Value, 2019–2029

Figure 58     Rest of Asia-Pacific Quantum Computing Market Share, By Application, By Value, 2019–2029

Figure 59    Rest of Asia-Pacific Quantum Computing Market Share, By End User, By Value, 2019–2029

 

List of Tables

 

Table 1      Asia-Pacific Quantum Computing Market Size, By Offerings, By Value, 2019–2029

Table 2      Asia-Pacific Quantum Computing Market Size, By Technology, By Value, 2019–2029

Table 3      Asia-Pacific Quantum Computing Market Size, By Application, By Value, 2019–2029

Table 4      Asia-Pacific Quantum Computing Market Size, By End User, By Value, 2019–2029

Table 5      Asia-Pacific Quantum Computing Market Size, By Country, By Value, 2019–2029

Table 6      China Quantum Computing Market Size, By Offerings, By Value, 2019–2029

Table 7      China Quantum Computing Market Size, By Technology, By Value, 2019–2029

Table 8      China Quantum Computing Market Size, By Application, By Value, 2019–2029

Table 9      China Quantum Computing Market Size, By End User, By Value, 2019–2029

Table 10    India Quantum Computing Market Size, By Offerings, By Value, 2019–2029

Table 11    India Quantum Computing Market Size, By Technology, By Value, 2019–2029

Table 12    India Quantum Computing Market Size, By Application, By Value, 2019–2029

Table 13    India Quantum Computing Market Size, By End User, By Value, 2019–2029

Table 14    Japan Quantum Computing Market Size, By Offerings, By Value, 2019–2029

Table 15    Japan Quantum Computing Market Size, By Technology, By Value, 2019–2029

Table 16    Japan Quantum Computing Market Size, By Application, By Value, 2019–2029

Table 17    Japan Quantum Computing Market Size, By End User, By Value, 2019–2029

Table 18    South Korea Quantum Computing Market Size, By Offerings, By Value, 2019–2029

Table 19    South Korea Quantum Computing Market Size, By Technology, By Value, 2019–2029

Table 20    South Korea Quantum Computing Market Size, By Application, By Value, 2019–2029

Table 21    South Korea Quantum Computing Market Size, By End User, By Value, 2019–2029

Table 22    Australia & New Zealand Quantum Computing Market Size, By Offerings, By Value, 2019–2029

Table 23    Australia & New Zealand Quantum Computing Market Size, By Technology, By Value, 2019–2029

Table 24    Australia & New Zealand Quantum Computing Market Size, By Application, By Value, 2019–2029

Table 25    Australia & New Zealand Quantum Computing Market Size, By End User, By Value, 2019–2029

Table 26    Indonesia Quantum Computing Market Size, By Offerings, By Value, 2019–2029

Table 27    Indonesia Quantum Computing Market Size, By Technology, By Value, 2019–2029

Table 28    Indonesia Quantum Computing Market Size, By Application, By Value, 2019–2029

Table 29    Indonesia Quantum Computing Market Size, By End User, By Value, 2019–2029

Table 30    Malaysia Quantum Computing Market Size, By Offerings, By Value, 2019–2029

Table 31    Malaysia Quantum Computing Market Size, By Technology, By Value, 2019–2029

Table 32    Malaysia Quantum Computing Market Size, By Application, By Value, 2019–2029

Table 33    Malaysia Quantum Computing Market Size, By End User, By Value, 2019–2029

Table 34    Singapore Quantum Computing Market Size, By Offerings, By Value, 2019–2029

Table 35    Singapore Quantum Computing Market Size, By Technology, By Value, 2019–2029

Table 36    Singapore Quantum Computing Market Size, By Application, By Value, 2019–2029

Table 37    Singapore Quantum Computing Market Size, By End User, By Value, 2019–2029

Table 38    Vietnam Quantum Computing Market Size, By Offerings, By Value, 2019–2029

Table 39    Vietnam Quantum Computing Market Size, By Technology, By Value, 2019–2029

Table 40    Vietnam Quantum Computing Market Size, By Application, By Value, 2019–2029

Table 41    Vietnam Quantum Computing Market Size, By End User, By Value, 2019–2029

Table 42    Rest of Asia-Pacific Quantum Computing Market Size, By Offerings, By Value, 2019–2029

Table 43    Rest of Asia-Pacific Quantum Computing Market Size, By Technology, By Value, 2019–2029

Table 44    Rest of Asia-Pacific Quantum Computing Market Size, By Application, By Value, 2019–2029

Table 45    Rest of Asia-Pacific Quantum Computing Market Size, By End User, By Value, 2019–2029

Table 46    Alibaba Group Company Overview

Table 47    Alibaba Group Financial Overview

Table 48    Entropica Labs Company Overview

Table 49    Entropica Labs Financial Overview

Table 50    IBM Corporation Company Overview

Table 51    IBM Corporation Financial Overview

Table 52    Baidu Research Company Overview

Table 53    Baidu Research Financial Overview

Table 54    Horizon Quantum Computing Company Overview

Table 55    Horizon Quantum Computing Financial Overview

Table 56    QNu Labs Company Overview

Table 57    QNu Labs Financial Overview

Table 58    QuintessenceLabs Company Overview

Table 59    QuintessenceLabs Financial Overview

Table 60    SpeQtral Company Overview

Table 61    SpeQtral Financial Overview

Table 62    QuantumCTek Co. Ltd Company Overview

Table 63    QuantumCTek Co. Ltd Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Asia-Pacific Quantum Computing Market size was estimated at USD 169.29 million in 2022.
Ans: Asia-Pacific Quantum Computing Market size is expected to grow at a CAGR of 32.95% during the forecast period between 2023 and 2029.
Ans: Asia-Pacific Quantum Computing Market size is expected to reach a value of USD 934.83 million by 2029.
Ans: Major factors driving the growth of the Asia-Pacific Quantum Computing Market include the growing investments reflecting the expanding potential of quantum technology and increasing adoption of quantum computing in the banking and finance sector.
Ans: China holds the highest market share in the Asia-Pacific Quantum Computing Market.
Ans: The finance & investment segment accounts for the highest market share in the Asia-Pacific Quantum Computing Market by end user.
Ans: The service segment holds the highest market share in the Asia-Pacific Quantum Computing Market by component.
Ans: Key players in the Asia-Pacific Quantum Computing Market include Alibaba Group, Entropica Labs, IBM Corporation, Baidu Research, Horizon Quantum Computing, QNu Labs, QuintessenceLabs, SpeQtral, and QuantumCTek Co. Ltd.