Product Code: ETC4467148 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The quantum computing market in Singapore is poised for substantial growth, thanks to the potential of quantum computers to address complex computational problems that are beyond the capabilities of classical computers. Quantum computing has applications in various sectors, including finance, healthcare, and cryptography. Researchers and technology companies in Singapore are actively engaged in quantum computing research and development, making the country a hub for quantum technology innovations. The market is expected to witness significant expansion in the coming years as quantum computers become more practical and accessible.
The Singapore Quantum Computing market is driven by the pursuit of advanced computing solutions with the potential to solve complex problems and accelerate research in various fields. Quantum computing leverages the principles of quantum mechanics to perform calculations at speeds far beyond classical computers. As the demand for breakthroughs in areas like drug discovery, cryptography, and optimization increases, the adoption of quantum computing technology continues to expand. The potential to revolutionize industries and scientific research is a key driver in this market.
The Singapore Quantum Computing Market confronts challenges related to the scalability and stability of quantum systems. Quantum computing offers unprecedented computational power, but maintaining the coherence of quantum bits (qubits) and scaling up quantum processors are significant challenges. Addressing error correction and building fault-tolerant quantum systems are ongoing research and development priorities in this market.
The COVID-19 pandemic highlighted the importance of advanced technologies like quantum computing in solving complex problems, including those related to healthcare, logistics, and materials science. Quantum computing research and development continued in Singapore, with a focus on addressing real-world challenges exposed by the pandemic. As the country advances its quantum computing capabilities, it is expected to play a crucial role in solving complex problems and driving innovation in various sectors.
Singapore has been a regional hotspot for quantum computing research and development, with the National University of Singapore and tech giant IBM being key players. IBM`s quantum computing division has collaborated with local institutions, fostering advancements in quantum computing research and contributing to the country`s growing significance in this cutting-edge field.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Quantum Computing Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Quantum Computing Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Quantum Computing Market - Industry Life Cycle |
3.4 Singapore Quantum Computing Market - Porter's Five Forces |
3.5 Singapore Quantum Computing Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 Singapore Quantum Computing Market Revenues & Volume Share, By Deployment, 2021 & 2031F |
3.7 Singapore Quantum Computing Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Singapore Quantum Computing Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Singapore Quantum Computing Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Singapore Quantum Computing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government investment in research and development of quantum computing technology in Singapore |
4.2.2 Growing demand for advanced computing solutions in sectors such as finance, healthcare, and logistics |
4.2.3 Rise in strategic partnerships between local and international firms to develop quantum computing capabilities in Singapore |
4.3 Market Restraints |
4.3.1 High costs associated with quantum computing research, development, and implementation |
4.3.2 Limited availability of skilled workforce with expertise in quantum computing technology in Singapore |
5 Singapore Quantum Computing Market Trends |
6 Singapore Quantum Computing Market, By Types |
6.1 Singapore Quantum Computing Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Singapore Quantum Computing Market Revenues & Volume, By Offering, 2021-2031F |
6.1.3 Singapore Quantum Computing Market Revenues & Volume, By Systems, 2021-2031F |
6.1.4 Singapore Quantum Computing Market Revenues & Volume, By Services, 2021-2031F |
6.2 Singapore Quantum Computing Market, By Deployment |
6.2.1 Overview and Analysis |
6.2.2 Singapore Quantum Computing Market Revenues & Volume, By On-premises, 2021-2031F |
6.2.3 Singapore Quantum Computing Market Revenues & Volume, By Cloud, 2021-2031F |
6.3 Singapore Quantum Computing Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Singapore Quantum Computing Market Revenues & Volume, By Trapped Ions, 2021-2031F |
6.3.3 Singapore Quantum Computing Market Revenues & Volume, By Quantum Annealing, 2021-2031F |
6.3.4 Singapore Quantum Computing Market Revenues & Volume, By Superconducting Qubits, 2021-2031F |
6.3.5 Singapore Quantum Computing Market Revenues & Volume, By Others, 2021-2031F |
6.4 Singapore Quantum Computing Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Singapore Quantum Computing Market Revenues & Volume, By Optimization, 2021-2031F |
6.4.3 Singapore Quantum Computing Market Revenues & Volume, By Simulation, 2021-2031F |
6.4.4 Singapore Quantum Computing Market Revenues & Volume, By Machine Learning, 2021-2031F |
6.4.5 Singapore Quantum Computing Market Revenues & Volume, By Others, 2021-2031F |
6.5 Singapore Quantum Computing Market, By End User |
6.5.1 Overview and Analysis |
6.5.2 Singapore Quantum Computing Market Revenues & Volume, By Space & Defense, 2021-2031F |
6.5.3 Singapore Quantum Computing Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.5.4 Singapore Quantum Computing Market Revenues & Volume, By Healthcare & Pharmaceuticals, 2021-2031F |
6.5.5 Singapore Quantum Computing Market Revenues & Volume, By Chemicals, Banking & Finance, 2021-2031F |
6.5.6 Singapore Quantum Computing Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.5.7 Singapore Quantum Computing Market Revenues & Volume, By Academia, 2021-2031F |
7 Singapore Quantum Computing Market Import-Export Trade Statistics |
7.1 Singapore Quantum Computing Market Export to Major Countries |
7.2 Singapore Quantum Computing Market Imports from Major Countries |
8 Singapore Quantum Computing Market Key Performance Indicators |
8.1 Number of research grants awarded by the Singapore government for quantum computing projects |
8.2 Percentage increase in quantum computing-related job openings in Singapore |
8.3 Number of collaborations and partnerships between local and international companies in the quantum computing sector in Singapore |
9 Singapore Quantum Computing Market - Opportunity Assessment |
9.1 Singapore Quantum Computing Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 Singapore Quantum Computing Market Opportunity Assessment, By Deployment, 2021 & 2031F |
9.3 Singapore Quantum Computing Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 Singapore Quantum Computing Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Singapore Quantum Computing Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Singapore Quantum Computing Market - Competitive Landscape |
10.1 Singapore Quantum Computing Market Revenue Share, By Companies, 2024 |
10.2 Singapore Quantum Computing Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |