Quantum computing involves the application of quantum physics phenomena such as superposition and entanglement to process data. The quantum computing devices or quantum computers operate with nanoscale components at colder temperatures, and they have the potential to address some of the world’s toughest challenges. "

Vanguards are the leading market players in terms of new developments such as product launches, innovative technologies, and adoption of growth strategies. These players have broad product portfolios that cater to most of the regions worldwide. Vanguards primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.

Several companies in the quantum computing market are largely dependent on their competitive R&D activities. Most of these dynamic players are classified under tier 2 and tier 3 companies, which have presence in various regions worldwide.

The players involved in the development and innovation of new products in the quantum computing market have been included in this quadrant. There is also a high demand for biosensors; therefore, new players can make an impact on the quantum computing market by launching new products.

As the market poses a moderate threat to new entrants in establishing their footprint, there are several players that are providing quantum computing and quantum computing as a service to diverse clientele groups worldwide.