Topological Quantum Computing Market Regional Analysis:
APAC Market Statistics
Asia Pacific region is projected to account for more than 29.9% market share by 2035. The growth of the market can be attributed majorly to the growing usage of advanced technologies in the pharmaceutical, banking and finance, and manufacturing sectors. Apart from these, countries such as China, Japan, and South Korea are the leading manufacturers of consumer electronics in Asia and there is a high requirement to resolve issues associated with optimization, simulation, and machine learning applications across the industry, which in turn is anticipated to boost market growth in this region. For instance, in 2018, China produced around 300 million computers, approximately 2 billion smartphones and 200 million televisions.
North American Market Forecast
The North American topological quantum computing market is projected to observe substantial growth through 2035. The market growth in the region is attributed to rising digitization in the region. Around 85% of companies have boosted their digital transformation. Furthermore, rise in the number of startups associated with quantum computing is also expected to augment the North America’s market growth. There are nearly 90 quantum computing startups in the United States.
