India Cloud Based Quantum Computing Market is Expected To Grow With a High CAGR During The Forecast Period
The rising demand for cutting-edge technologies such as
artificial intelligence (AI) and machine learning is expected to fuel the
growth of the India cloud based quantum computing market from 2025 to 2029.
According to TechSci Research
report, India Cloud Based Quantum
Computing Market - By Region, Competition, Forecast, and Opportunities,
2019-2029, the India cloud based quantum computing market is expected to
register robust growth during the forecast period. The quantum computing market
in India, which is based on cloud technology, is set to experience an enormous
surge in growth. This is due to a combination of factors, including the
country's thriving tech industry, government support, and the potential of
quantum computing to revolutionize various sectors. With its exceptional
computing capabilities, quantum computing has gained the attention of
researchers, corporations, and governments all over the world. As India
establishes itself as a leading technology hub, the cloud-based quantum
computing market offers a prime opportunity to drive economic growth and foster
innovation.
Quantum computing harnesses
the principles of quantum mechanics to perform complex calculations and solve
problems that are intractable for classical computers. It offers immense
potential in areas such as optimization, simulation, cryptography, drug
discovery, and machine learning. However, building and maintaining quantum
hardware is a complex and resource-intensive task. Cloud-based quantum
computing platforms provide a solution by offering remote access to quantum processors,
software development tools, and a collaborative environment for researchers and
developers Cloud-based quantum computing brings up new opportunities for Indian
industry. Finance, healthcare, logistics, and materials research can benefit
from quantum computing's power to solve optimization issues, model quantum
systems, improve machine learning techniques, and drive innovation. The
potential influence on these businesses is enormous, which will lead to an
increase in the usage of cloud-based quantum computing systems.
Quantum computing uses
quantum mechanics concepts to do sophisticated calculations and solve issues
that are unsolvable for classical computers. It has enormous potential in
domains such as optimization, simulation, cryptography, drug discovery, and
machine learning. However, developing and maintaining quantum gear is a
time-consuming and resource-intensive endeavor. Cloud-based quantum computing
platforms offer a solution by providing remote access to quantum processors,
software development tools, and a collaborative environment for researchers and
developers.
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Figures spread through 70 Pages and an in-depth TOC on the "India Cloud Based Quantum Computing Market”
The India cloud based quantum
computing market is divided into component, deployment, applications, and
end-user. Based on component, the market is divided into hardware, software,
and services. Based on deployment, the market is divided into on-premises and
cloud. Based on application, the market is divided into machine learning,
optimization, biomedical simulations, financial services, electronic material
discovery and others. Based on end-user, the market is divided into IT & telecom,
BFSI, manufacturing, healthcare, energy & utilities, and others.
Key market players in the India
cloud based quantum computing market include:
- Tata Consultancy
Services
- Infosys Limited
- Wipro Limited
- Zenith InfoTech Limited
- CipherCloud
- Amazon Web Services
- Ctrls Datacenters
Limited
- SAP India Pvt. Ltd
- Alphabet Inc
- Microsoft Azure
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“Collaboration is key to the
growth of the quantum computing ecosystem in India. By bringing academia,
industry, and government together, the India cloud based quantum computing
market can tap into the collective expertise of these stakeholders. This
collaboration expedites research efforts and facilitates the development of
practical quantum applications that can transform industries and solve complex
problems beyond the scope of classical computing. The India cloud-based quantum
computing market opens up new possibilities for Indian businesses, enabling
them to harness quantum technologies and drive innovation across various
sectors, including finance, healthcare, and logistics. This can prove to be
highly profitable for the nation, especially during the COVID-19 period, and is
projected to continue growing during the forecast period,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
India Cloud Based Quantum
Computing Market by Component (Hardware, Software, and Services),
By Deployment (On-premises, Cloud), By Application (Machine
Learning, Optimization, Biomedical Simulations, Financial Services, Electronic
material discovery, and Others), By End-User (IT &
Telecom, BFSI, Manufacturing, Healthcare, Energy & utilities, and
Others) and By Region,
Competition, Forecast, and Opportunities, 2029 has evaluated the future
growth potential of the India cloud based quantum computing market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the India cloud based quantum computing market.
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