We are undoubtedly in the midst of a “Quantum Computing Supremacy Race” – one that will result in groundbreaking computing power that surpasses the performance of digital supercomputers. In the coming years, the global Quantum Computing market is expected to grow at a CAGR of 24.6% (2018-2024), according to leading research firm Industry 4.0 Market Research. 2018-2019 is projected to be an especially critical period, featuring a surge of technological breakthroughs in the industry.
Quantum computing technologies have the potential to change long-held dynamics in commerce, intelligence, military affairs, and the strategic balance of power. If you have been paying attention to the news on quantum computing, then you know that something big is stirring in the quantum world.
In a way that was unheard of five years ago, quantum physicists are now partnering with corporate tech giants in order to develop quantum computing capabilities and technologies that will become the foundation of a second information age. Advances 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 specific applications. With these new developments, the key question that companies are asking is not whether there will be a quantum computer, but who will build it and benefit from it.
Significant economic interests as well as considerable computational scaling have driven the world’s biggest corporations and numerous government agencies to work on quantum processor technologies and/or quantum software, either on their own or through partnerships. Their ambition reflects a broader transition, taking place at start-ups and academic research labs alike: to move from pure science towards engineering. Companies such as Intel, Google, IBM, Microsoft, NEC, Raytheon, Fujitsu, NTT, Nokia, BT, Airbus, Lockheed Martin, Booz Allen Hamilton, Mitsubishi, HP, SK Telecom, Alibaba, and KPN are all investing in developing impressive quantum computing technologies.
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.
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. 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.
Who will lead the race for quantum supremacy?
Information on Quantum Computing and the companies/organizations projected to lead the market into a technological breakthrough can be found in an extensive market report containing investigation of the industry through analysis of the 55 leading Quantum Computing companies:
- By region – North America, Latin America, Europe, Middle East & Africa, Asia-Pacific
- By country – US, UK, Canada, Germany, China, Japan, Israel, Russia, and more
- By sector – National Security, Government, Government-funded RDT&E, Industry & Business
- By vertical – Defense, Homeland Security, Banking, Manufacturing, Retail, Telecom, Automotive, Cybersecurity, Smart Cities, and more
- By revenue source – Systems Sales, Quantum Software Sales, Quantum Computing as a Service, and more
The report features details on over 50 business opportunities identified through thorough analysis of leading Quantum Computing applications and verticals.
The analysis identifies unique business opportunities, leading players and competitors, SWOT analysis, and extensive review of the Quantum Computing business environment. In addition, the report includes over 300 links to Quantum Computing data sources and publications for further reference.
Explore more information on Quantum Computing, including reports with a focus on specific regions and technologies, at https://industry40marketresearch.com/.
About Industry 4.0 Market Research
Industry 4.0 Market Reports (a division of HSRC) provides premium off-the-shelf market reports on present and emerging technologies and industry expertise, enabling global clients to gain time-critical insights into business opportunities. All reports include in-depth information and analysis of emerging markets and technologies, granulated by geography, vertical, technology, product, and revenue sources. Our reports support Industry 4.0 and Quantum Technologies communities worldwide in their strategic decision-making process, providing up-to-date market knowledge, analysis, and insights.
Industry 4.0 Market Reports offers customized research services geared towards providing our clients with clear, actionable recommendations designed to empower decision-making, and to help exploit emerging opportunities in the market.
Our customized research services deliver thorough analyses of specific markets and eco-systems, target geographies, strategic segments and verticals, competitor analysis, business opportunities and technological benchmarks. These services are provided as an ad-hoc assignment or as an ongoing service.
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SOURCE Industry 4.0 Market Research