The Latin America, Middle East and Africa Quantum Computing Market is expected to witness market growth of 21.6% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Quantum Computing Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $85.8 million by 2031. The Argentina market is registering a CAGR of 23.2% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 20.6% during 2024-2031.
The discovery of new materials with novel properties is crucial for technological advancements, from energy storage to electronics. Quantum computing allows researchers to simulate the quantum behaviour of materials, predicting how they will behave in real-world conditions. By modeling molecules and materials at a quantum level, quantum computers could develop materials with specific properties, such as superconductors, more efficient solar cells, or advanced semiconductors for next-generation electronics.
As quantum computing continues to develop, its adoption is progressing steadily but cautiously across different sectors. One of the major adoption trends is the development of hybrid quantum-classical systems. These systems combine classical computing with quantum computing to optimize performance. Since current quantum computers are still in their infancy and are not yet powerful enough for many real-world applications, hybrid systems allow businesses to use quantum resources for certain tasks while relying on classical computing for others.
In Brazil, the AI sector continues its rapid expansion, with spending expected to surpass US$1 billion in 2023, marking a 33% year-over-year increase. This growth is largely driven by the country’s increasing emphasis on digital transformation, automation, and AI adoption across finance, healthcare, and logistics industries. As AI technologies mature and become more integrated into business operations, the need for powerful computational tools to process complex data sets efficiently and at scale becomes critical. Quantum computing, with its potential to solve problems beyond the capability of classical computers, stands to benefit immensely from the ongoing AI developments in Brazil.
The Brazil market dominated the LAMEA Quantum Computing Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $85.8 million by 2031. The Argentina market is registering a CAGR of 23.2% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 20.6% during 2024-2031.
The discovery of new materials with novel properties is crucial for technological advancements, from energy storage to electronics. Quantum computing allows researchers to simulate the quantum behaviour of materials, predicting how they will behave in real-world conditions. By modeling molecules and materials at a quantum level, quantum computers could develop materials with specific properties, such as superconductors, more efficient solar cells, or advanced semiconductors for next-generation electronics.
As quantum computing continues to develop, its adoption is progressing steadily but cautiously across different sectors. One of the major adoption trends is the development of hybrid quantum-classical systems. These systems combine classical computing with quantum computing to optimize performance. Since current quantum computers are still in their infancy and are not yet powerful enough for many real-world applications, hybrid systems allow businesses to use quantum resources for certain tasks while relying on classical computing for others.
In Brazil, the AI sector continues its rapid expansion, with spending expected to surpass US$1 billion in 2023, marking a 33% year-over-year increase. This growth is largely driven by the country’s increasing emphasis on digital transformation, automation, and AI adoption across finance, healthcare, and logistics industries. As AI technologies mature and become more integrated into business operations, the need for powerful computational tools to process complex data sets efficiently and at scale becomes critical. Quantum computing, with its potential to solve problems beyond the capability of classical computers, stands to benefit immensely from the ongoing AI developments in Brazil.
List of Key Companies Profiled
- Google LLC (Alphabet Inc.)
- Microsoft Corporation
- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- QC Ware Corp.
- SpinQ Technology Co., Ltd.
- Rigetti Computing, Inc.
- D-Wave Systems Inc.
- Intel Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
Market Report Segmentation
By Offering
- System
- Services
By Deployment
- On-premise
- Cloud
By Application
- Optimization
- Machine Learning
- Simulation
- Other Application
By End-user
- BFSI
- Healthcare
- Automotive
- Energy & Power
- Government
- Aerospace & Defense
- Chemical
- Other End-user
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Quantum Computing Market by Offering
Chapter 6. LAMEA Quantum Computing Market by Deployment
Chapter 7. LAMEA Quantum Computing Market by Application
Chapter 8. LAMEA Quantum Computing Market by End-user
Chapter 9. LAMEA Quantum Computing Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Google LLC (Alphabet Inc.)
- Microsoft Corporation
- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- QC Ware Corp.
- SpinQ Technology Co., Ltd.
- Rigetti Computing, Inc.
- D-Wave Systems Inc.
- Intel Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
Methodology
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