Quantum Computing Technologies & Global Market Report
Quantum Computing Market to Reach $10.7 Billion by 2024. A complete and extensive source for ICT executives, investors and government decision-makers, providing actionable insights into the Quantum Computing market
We are in the midst of a “Quantum Computing Supremacy Race,” one that will result in groundbreaking computing power, enabling disruptive new quantum computing technologies. Those have the potential to change long-held dynamics in commerce, intelligence, military affairs, and strategic balance of power.
If you have been paying attention to the news on quantum computing and the evolution of industrial and national efforts towards realizing a scalable, fault-tolerant quantum computer that can tackle problems unmanageable to current super-computing capabilities – then you know that something big is stirring in the quantum world.
Eighteen of the world’s biggest corporations and dozens of government agencies are working on quantum computing or partnering with startups such as D-Wave. Near-term expectations for quantum computing range from solving optimization problems, quantum-encrypted communications, artificial intelligence, smart manufacturing & logistics and smart retail, through quantum computing in the cloud and molecular structure research.
On May 3, 2017, Xinhua, the official press agency of the People’s Republic of China, surprised the Quantum Computing community by announcing that “Chinese scientists have built the world’s first quantum computing machine that goes far beyond the early classical — or conventional — computers, paving the way to the ultimate realization of quantum computing. Scientists announced their achievement at a press conference in the Shanghai Institute for Advanced Studies of University of Science and Technology of China on Wednesday. Scientists believe quantum computing could, in some ways, dwarf the processing power of today’s supercomputers”.
This ongoing race is projected to propel the Quantum Computing Technologies & Global Market to $10.7 billion by 2024.
According to the 2-volume 520-page, 204 figures & tables landmark report, “Quantum Computing Technologies & Global Market 2017-2024”, the global quantum computing market will reach $10.7 billion by 2024, of which $8.45 billion stemming from product sales and services and $2.25 billion from Gov. RDT&E programs and funding.