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Global Quantum Computing Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 9/1/2022
  • NO OF PAGES
  • 273
  • CATEGORY
  • Information Technology

Market Overview:

Quantum computing is a type of computing that uses quantum bits, or qubits, instead of the classical bits used in traditional computing. Qubits are special because they can exist in a superposition of states, meaning they can represent both 0 and 1 at the same time. This allows quantum computers to perform certain calculations much faster than classical computers. Quantum computing has the potential to revolutionize many fields, such as cryptography, materials science, and drug discovery, by allowing for much faster and more efficient calculations. However, quantum computers are still in the early stages of development and are not yet widely available. The growth of the quantum computing market is being driven by a number of factors, including the increasing investments in quantum computing research and development, the rising demand for quantum computing in industries such as healthcare, finance, and energy, and the growing number of collaborations between quantum computing companies and traditional computing companies.

Rising demands efficient and faster computing is driving the quantum computing market growth

Increasing demand for faster and more efficient computing is propelling the growth of the global quantum computing market. Classical computing has certain limitations when it comes to solving complex problems. Quantum computing has the potential to offer much faster and more efficient computing capabilities, making it attractive to a wide range of industries. Advancements in technology: Advances in quantum hardware, software, and algorithms are driving the development of more powerful quantum computers. As these technologies continue to improve, the potential applications for quantum computing are expanding. Growing investments in research and development: Governments, academic institutions, and private companies are investing heavily in quantum computing research and development. This investment is driving innovation and pushing the boundaries of what is possible with quantum computing. Collaboration between traditional computing companies and quantum computing companies: Traditional computing companies are partnering with quantum computing companies to explore the potential applications of quantum computing in their industries. This collaboration is driving the development of new quantum software and hardware solutions.

Segmentation:

By Type:

·         Gate Level

·         Quantum Annealing

By Application:

·         Computational Chemistry

·         Machine Learning

·         Financial Optimizations

·         Logistics and Scheduling

·         Drug Design.

·         Cyber Security

·         Codebreaking

·         Circuit, Software, and System Fault Simulation

Geography:

Currently, North America is leading the quantum computing market, with the United States and Canada being major contributors to the growth of the market. The region has a strong presence of quantum computing companies, research organizations, and government initiatives focused on developing and advancing quantum technology. The United States is home to some of the largest quantum computing companies, such as IBM, Google, and Microsoft, and has a robust research and development ecosystem. The country also has initiatives like the National Quantum Initiative Act, which aims to accelerate the development of quantum technologies. Canada is also a significant contributor to the quantum computing market, with companies like D-Wave Systems and Xanadu leading the way in developing quantum computing hardware and software solutions. However, the quantum computing market is expected to grow rapidly in other regions as well, such as Europe and Asia-Pacific. Countries like Germany, the UK, China, and Japan are investing heavily in quantum computing research and development, and are expected to be major players in the global quantum computing market in the coming years.

Impact of COVID-19 on the global Quantum Computing Market:

The COVID-19 pandemic has had a mixed impact on the global quantum computing market. On one hand, the pandemic has slowed down some aspects of the market, such as in-person research and development activities and the supply chains for hardware components. On the other hand, the pandemic has also highlighted the potential benefits of quantum computing in areas such as drug discovery, supply chain optimization, and financial modeling, which could drive increased investment in the market. One key impact of the pandemic has been the disruption of research and development activities. Many universities and research organizations have had to limit or suspend in-person activities, which has slowed down some aspects of quantum computing research. Additionally, the supply chains for hardware components have been disrupted, leading to delays in the production and delivery of quantum computing hardware. However, the pandemic has also created new opportunities for the quantum computing market. For example, the need for faster and more efficient drug discovery processes has increased due to the pandemic, and quantum computing has the potential to significantly accelerate the drug discovery process. Similarly, the pandemic has highlighted the importance of supply chain optimization, which could be improved through the use of quantum computing. Finally, the pandemic has created a need for more accurate financial modeling and risk assessment, which could also be facilitated by quantum computing.

Impact of the Russia-Ukraine War on the global Quantum Computing Market:

Russia and Ukraine are both home to several companies that manufacture components for quantum computing hardware, such as superconducting qubits and cryogenic systems. Disruptions to the production and shipment of these components could lead to delays in the development and deployment of quantum computing systems. Additionally, the conflict could also lead to a reduction in global investment in quantum computing research and development. Companies and governments may be hesitant to invest in research projects that involve collaborations with researchers or companies from Russia or Ukraine, due to political and economic tensions.

Company Profiles:

·         IBM

·         Google

·         Microsoft

·         Honeywell

·         Rigetti Computing

·         IonQ

·         D-Wave Systems

·         Xanadu

·         PsiQuantum

·         Cambridge Quantum Computing

·         Alibaba Group

·         Toshiba

·         Intel

·         Fujitsu

·         Amazon Web Services.


Global Quantum Computing Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Quantum Computing market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.


Key Points:
Define, describe and forecast Quantum Computing product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Quantum Computing Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Quantum Computing
1.3 Quantum Computing Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Quantum Computing
1.4.2 Applications of Quantum Computing
1.5 Market Exchange Rate

2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source

3 Market Competition Analysis
3.1 Fujitsu Market Performance Analysis
3.1.1 Fujitsu Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Fujitsu Sales, Value, Price, Gross Margin 2016-2021
3.2 1QB Information Technologies Inc. Market Performance Analysis
3.2.1 1QB Information Technologies Inc. Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 1QB Information Technologies Inc. Sales, Value, Price, Gross Margin 2016-2021
3.3 QxBranch, LLC Market Performance Analysis
3.3.1 QxBranch, LLC Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 QxBranch, LLC Sales, Value, Price, Gross Margin 2016-2021
3.4 Intel Corporation Market Performance Analysis
3.4.1 Intel Corporation Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Intel Corporation Sales, Value, Price, Gross Margin 2016-2021
3.5 Rigetti Computing Market Performance Analysis
3.5.1 Rigetti Computing Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Rigetti Computing Sales, Value, Price, Gross Margin 2016-2021
3.6 Station Q - Microsoft Corporation Market Performance Analysis
3.6.1 Station Q - Microsoft Corporation Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Station Q - Microsoft Corporation Sales, Value, Price, Gross Margin 2016-2021
3.7 D-Wave Systems Inc. Market Performance Analysis
3.7.1 D-Wave Systems Inc. Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 D-Wave Systems Inc. Sales, Value, Price, Gross Margin 2016-2021
3.8 Toshiba Corporation Market Performance Analysis
3.8.1 Toshiba Corporation Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Toshiba Corporation Sales, Value, Price, Gross Margin 2016-2021
3.9 Quantum Circuits, Inc Market Performance Analysis
3.9.1 Quantum Circuits, Inc Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Quantum Circuits, Inc Sales, Value, Price, Gross Margin 2016-2021
3.10 Magiq Technologies Inc. Market Performance Analysis
3.10.1 Magiq Technologies Inc. Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Magiq Technologies Inc. Sales, Value, Price, Gross Margin 2016-2021
3.11 Cambridge Quantum Computing Ltd Market Performance Analysis
3.11.1 Cambridge Quantum Computing Ltd Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Cambridge Quantum Computing Ltd Sales, Value, Price, Gross Margin 2016-2021
3.12 QC Ware Corp. Market Performance Analysis
3.12.1 QC Ware Corp. Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 QC Ware Corp. Sales, Value, Price, Gross Margin 2016-2021
3.13 University Landscape Market Performance Analysis
3.13.1 University Landscape Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 University Landscape Sales, Value, Price, Gross Margin 2016-2021
3.14 International Business Machines Corporation (IBM) Market Performance Analysis
3.14.1 International Business Machines Corporation (IBM) Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 International Business Machines Corporation (IBM) Sales, Value, Price, Gross Margin 2016-2021
3.15 Accenture Market Performance Analysis
3.15.1 Accenture Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Accenture Sales, Value, Price, Gross Margin 2016-2021
3.16 Google Inc. Market Performance Analysis
3.16.1 Google Inc. Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 Google Inc. Sales, Value, Price, Gross Margin 2016-2021
3.17 Nippon Telegraph And Telephone Corporation (NTT) Market Performance Analysis
3.17.1 Nippon Telegraph And Telephone Corporation (NTT) Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 Nippon Telegraph And Telephone Corporation (NTT) Sales, Value, Price, Gross Margin 2016-2021
3.18 Hewlett Packard Enterprise (HP) Market Performance Analysis
3.18.1 Hewlett Packard Enterprise (HP) Basic Information
3.18.2 Product and Service Analysis
3.18.3 Strategies for Company to Deal with the Impact of COVID-19
3.18.4 Hewlett Packard Enterprise (HP) Sales, Value, Price, Gross Margin 2016-2021
3.19 Northrop Grumman Corporation Market Performance Analysis
3.19.1 Northrop Grumman Corporation Basic Information
3.19.2 Product and Service Analysis
3.19.3 Strategies for Company to Deal with the Impact of COVID-19
3.19.4 Northrop Grumman Corporation Sales, Value, Price, Gross Margin 2016-2021
3.20 Hitachi Ltd Market Performance Analysis
3.20.1 Hitachi Ltd Basic Information
3.20.2 Product and Service Analysis
3.20.3 Strategies for Company to Deal with the Impact of COVID-19
3.20.4 Hitachi Ltd Sales, Value, Price, Gross Margin 2016-2021
3.21 Evolutionq Inc Market Performance Analysis
3.21.1 Evolutionq Inc Basic Information
3.21.2 Product and Service Analysis
3.21.3 Strategies for Company to Deal with the Impact of COVID-19
3.21.4 Evolutionq Inc Sales, Value, Price, Gross Margin 2016-2021

4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Quantum Computing Production and Value by Type
4.1.1 Global Quantum Computing Production by Type 2016-2021
4.1.2 Global Quantum Computing Market Value by Type 2016-2021
4.2 Global Quantum Computing Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Simulation Market Production, Value and Growth Rate
4.2.2 Optimization Market Production, Value and Growth Rate
4.2.3 Sampling Market Production, Value and Growth Rate
4.3 Global Quantum Computing Production and Value Forecast by Type
4.3.1 Global Quantum Computing Production Forecast by Type 2021-2026
4.3.2 Global Quantum Computing Market Value Forecast by Type 2021-2026
4.4 Global Quantum Computing Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Simulation Market Production, Value and Growth Rate Forecast
4.4.2 Optimization Market Production, Value and Growth Rate Forecast
4.4.3 Sampling Market Production, Value and Growth Rate Forecast

5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Quantum Computing Consumption and Value by Application
5.1.1 Global Quantum Computing Consumption by Application 2016-2021
5.1.2 Global Quantum Computing Market Value by Application 2016-2021
5.2 Global Quantum Computing Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Defense Market Consumption, Value and Growth Rate
5.2.2 Banking & Finance Market Consumption, Value and Growth Rate
5.2.3 Energy & Power Market Consumption, Value and Growth Rate
5.2.4 Chemicals Market Consumption, Value and Growth Rate
5.2.5 Healthcare & Pharmaceuticals Market Consumption, Value and Growth Rate
5.2.6 Others Market Consumption, Value and Growth Rate
5.3 Global Quantum Computing Consumption and Value Forecast by Application
5.3.1 Global Quantum Computing Consumption Forecast by Application 2021-2026
5.3.2 Global Quantum Computing Market Value Forecast by Application 2021-2026
5.4 Global Quantum Computing Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Defense Market Consumption, Value and Growth Rate Forecast
5.4.2 Banking & Finance Market Consumption, Value and Growth Rate Forecast
5.4.3 Energy & Power Market Consumption, Value and Growth Rate Forecast
5.4.4 Chemicals Market Consumption, Value and Growth Rate Forecast
5.4.5 Healthcare & Pharmaceuticals Market Consumption, Value and Growth Rate Forecast
5.4.6 Others Market Consumption, Value and Growth Rate Forecast

6 Global Quantum Computing by Region, Historical Data and Market Forecasts
6.1 Global Quantum Computing Sales by Region 2016-2021
6.2 Global Quantum Computing Market Value by Region 2016-2021
6.3 Global Quantum Computing Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Quantum Computing Sales Forecast by Region 2021-2026
6.5 Global Quantum Computing Market Value Forecast by Region 2021-2026
6.6 Global Quantum Computing Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa

7 United State Market Size Analysis 2016-2026
7.1 United State Quantum Computing Value and Market Growth 2016-2021
7.2 United State Quantum Computing Sales and Market Growth 2016-2021
7.3 United State Quantum Computing Market Value Forecast 2021-2026

8 Canada Market Size Analysis 2016-2026
8.1 Canada Quantum Computing Value and Market Growth 2016-2021
8.2 Canada Quantum Computing Sales and Market Growth 2016-2021
8.3 Canada Quantum Computing Market Value Forecast 2021-2026

9 Germany Market Size Analysis 2016-2026
9.1 Germany Quantum Computing Value and Market Growth 2016-2021
9.2 Germany Quantum Computing Sales and Market Growth 2016-2021
9.3 Germany Quantum Computing Market Value Forecast 2021-2026

10 UK Market Size Analysis 2016-2026
10.1 UK Quantum Computing Value and Market Growth 2016-2021
10.2 UK Quantum Computing Sales and Market Growth 2016-2021
10.3 UK Quantum Computing Market Value Forecast 2021-2026

11 France Market Size Analysis 2016-2026
11.1 France Quantum Computing Value and Market Growth 2016-2021
11.2 France Quantum Computing Sales and Market Growth 2016-2021
11.3 France Quantum Computing Market Value Forecast 2021-2026

12 Italy Market Size Analysis 2016-2026
12.1 Italy Quantum Computing Value and Market Growth 2016-2021
12.2 Italy Quantum Computing Sales and Market Growth 2016-2021
12.3 Italy Quantum Computing Market Value Forecast 2021-2026

13 Spain Market Size Analysis 2016-2026
13.1 Spain Quantum Computing Value and Market Growth 2016-2021
13.2 Spain Quantum Computing Sales and Market Growth 2016-2021
13.3 Spain Quantum Computing Market Value Forecast 2021-2026

14 Russia Market Size Analysis 2016-2026
14.1 Russia Quantum Computing Value and Market Growth 2016-2021
14.2 Russia Quantum Computing Sales and Market Growth 2016-2021
14.3 Russia Quantum Computing Market Value Forecast 2021-2026

15 China Market Size Analysis 2016-2026
15.1 China Quantum Computing Value and Market Growth 2016-2021
15.2 China Quantum Computing Sales and Market Growth 2016-2021
15.3 China Quantum Computing Market Value Forecast 2021-2026

16 Japan Market Size Analysis 2016-2026
16.1 Japan Quantum Computing Value and Market Growth 2016-2021
16.2 Japan Quantum Computing Sales and Market Growth 2016-2021
16.3 Japan Quantum Computing Market Value Forecast 2021-2026

17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Quantum Computing Value and Market Growth 2016-2021
17.2 South Korea Quantum Computing Sales and Market Growth 2016-2021
17.3 South Korea Quantum Computing Market Value Forecast 2021-2026

18 Australia Market Size Analysis 2016-2026
18.1 Australia Quantum Computing Value and Market Growth 2016-2021
18.2 Australia Quantum Computing Sales and Market Growth 2016-2021
18.3 Australia Quantum Computing Market Value Forecast 2021-2026

19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Quantum Computing Value and Market Growth 2016-2021
19.2 Thailand Quantum Computing Sales and Market Growth 2016-2021
19.3 Thailand Quantum Computing Market Value Forecast 2021-2026

20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Quantum Computing Value and Market Growth 2016-2021
20.2 Brazil Quantum Computing Sales and Market Growth 2016-2021
20.3 Brazil Quantum Computing Market Value Forecast 2021-2026

21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Quantum Computing Value and Market Growth 2016-2021
21.2 Argentina Quantum Computing Sales and Market Growth 2016-2021
21.3 Argentina Quantum Computing Market Value Forecast 2021-2026

22 Chile Market Size Analysis 2016-2026
22.1 Chile Quantum Computing Value and Market Growth 2016-2021
22.2 Chile Quantum Computing Sales and Market Growth 2016-2021
22.3 Chile Quantum Computing Market Value Forecast 2021-2026

23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Quantum Computing Value and Market Growth 2016-2021
23.2 South Africa Quantum Computing Sales and Market Growth 2016-2021
23.3 South Africa Quantum Computing Market Value Forecast 2021-2026

24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Quantum Computing Value and Market Growth 2016-2021
24.2 Egypt Quantum Computing Sales and Market Growth 2016-2021
24.3 Egypt Quantum Computing Market Value Forecast 2021-2026

25 UAE Market Size Analysis 2016-2026
25.1 UAE Quantum Computing Value and Market Growth 2016-2021
25.2 UAE Quantum Computing Sales and Market Growth 2016-2021
25.3 UAE Quantum Computing Market Value Forecast 2021-2026

26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Quantum Computing Value and Market Growth 2016-2021
26.2 Saudi Arabia Quantum Computing Sales and Market Growth 2016-2021
26.3 Saudi Arabia Quantum Computing Market Value Forecast 2021-2026

27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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