According to the “Quantum Computing Vertical Markets (Defense & Intelligence, Homeland Security & Public Safety, Government & Public Services, Gov.-Funded RDT&E, Banking & Securities , Manufacturing & Logistics, Insurance, Healthcare & Pharmaceutical, Retail & Wholesale , IT, Telecommunications, Automotive, Aerospace & Transportation, Energy & Utilities, Web, Media & Entertainment, Smart Cities, Cybersecurity) – 2018-2024” report, the global Quantum Computing market* will grow at a CAGR of 24.6% throughout 2018-2024. During 2017 Quantum Computing technologies performance has increased at an impressive rate; we forecast that 2018-2019 will experience a surge of breakthroughs.
Developments in quantum computer design, fault-tolerant algorithms and new fabrication technologies are now transforming this “holy grail” technology into a realistic program poised to surpass traditional computation in some applications. With these new developments, the question companies are asking is not whether there will be a quantum computer, but who will build it and benefit from it. Realizing quantum computing capability demands that hardware efforts would be augmented by the development of quantum software to obtain optimized quantum algorithms able to solve application problems of interest.
Global Quantum Computing by Vertical Markets Vectors
IT multinationals, such as IBM, Intel, Microsoft and others (see image below), run their own quantum computing projects. IT giants Google and Microsoft have set challenging quantum computing goals for 2017. Their ambition reflects a broader transition taking place at start-ups and academic research labs alike: to move from pure science towards engineering.
Taking as an example IBM quantum computing technology accomplishments: In 2012, IBM quantum computing scientists said that they had made several breakthroughs in quantum computing with superconducting integrated circuits. In April 2015 IBM quantum computing R&D claimed two critical advances towards the realization of a practical quantum computer. They claimed the ability to detect and measure both kinds of quantum errors simultaneously, as well as a new, square quantum bit circuit design that could scale to larger dimensions.
Quantum Computing Corporations Race
Due to economic interest and the “decline of Moore’s law” of computational scaling, eighteen of the world’s biggest corporations (see image above) and dozens of government agencies are working on quantum processor technologies and/or quantum software or partnering with the quantum industry startups like D-Wave. The main contenders in this race are IBM, Intel, Microsoft and Google. Near-term expectations for quantum computing range from solving optimization problems, quantum-encrypted communications, artificial intelligence, smart manufacturing & logistics and smart retail, to quantum computing services in the cloud and molecular structure research.
Quantum Computing Will Transform Almost Every Aspect of our Technology, Science, Economy & Life
(Sources – World Economic Forum, HSRC)
Smaller quantum computers will make other contributions to industry (energy, logistics, etc.), defense and national security intelligence markets, as well as other markets spanning from drug design to finance
Even simple quantum computers can tackle classes of problems that choke conventional machines, such as optimizing trading strategies or pulling promising drug candidates from scientific literature.
The fierce competition at the national industrial and academic level is leading to a race for quantum supremacy. The competitors are all worthy of respect, especially because they are striving for supremacy not just over each other, but over a problem so big and so complex, that anybody’s success is everybody’s success.
The 254-page report is a valuable resource for executives with interests in the market. It has been explicitly customized for industry managers, investors and government decision-makers to enable them to identify business opportunities, emerging applications, market trends and risks, as well as to benchmark business plans.
Questions answered in this report include:
- What was the quantum computing market size by 2016 & 2017?
- What will the quantum computing market size and trends be during 2018-2024?
- Which are the quantum computing submarkets that provide attractive business opportunities?
- What drives the customers to purchase quantum computing solutions and services?
- What are the quantum computer applications & services trends?
- What are the market SWOT (Strengths, Weaknesses, Opportunities and Threats)?
- What are the challenges to the quantum computing market penetration & growth?
- Who are the industry players?
- How and where to invest in quantum computing industry?
With 254 pages, 91 tables & figures, this report covers 17 vertical markets, 4 revenue sources and 4 regional markets, offering for each of the submarkets 2016-2017 assessments and 2018-2024 forecasts and analyses.
(*) Including: product & services sales and government-funded research, development, testing and evaluation (RDT&E)
Why Buy This Report?
A. Market size data is analyzed via 3 independent key perspectives.
With a highly fragmented market we address the “money trail” – each dollar spent is analyzed and crosschecked via 3 orthogonal viewpoints:
1] by 17 vertical markets
2] by 4 revenue sources
- Systems Sales
- Quantum Software Sales
- Quantum Computing as a Service
- Government Funded RDT&E
3] by 4 regional markets
- North America
B. Detailed market analysis framework includes:
- Business Opportunities
- SWOT Analysis
- Competitive Analysis
- Business Environment
C. 41 Quantum Computing Bids and Projects Data are provided
D. The report includes the following appendices:
Appendix A: Introduction to Quantum Computing
Appendix B: Quantum Information Technologies
Appendix C: Quantum Computing Hardware
Appendix D: Quantum Computing Software
Appendix E: Quantum Encryption
Appendix F: Global 50 Top Supercomputers
Appendix G: Industry Investment in Quantum Computing – 2006-2016
Appendix H: NQIT R&D Projects
Appendix I: Exascale Computing
Appendix J: Key Quantum Computing Patents
Appendix K: Links to 31 Quantum Computing Academic Research Centers
Appendix L: Quantum Conferences Links – 2017
Appendix M: Glossary
Appendix N: References
E. The report includes over 300 links to the Quantum Computing community information sources
F. The report provides an updated extensive data of the leading 55 Quantum Computing companies: