Quantum Computing

[New] The market for quantum computing is expected to grow at a 23.2% CAGR to $9.1 billion by 2030.
The Australian quantum computing market has the potential to create over 10,000 jobs and generate $2.5bn in annual revenues by 2040.
With the profitable demonstration of quantum hegemony, quantum computing will usher in a brand new spherical of explosive progress in 2020.
Increasing investments by government bodies related to enterprise quantum computing are expected to support the growth of the market in the coming years.
With the successful demonstration of quantum hegemony, quantum computing will usher in a new round of explosive growth in 2020.
An Australian research team has announced a major breakthrough in quantum computing, which researchers hope could lead to much greater computing power within a decade.
The market potential of quantum computing in pharmaceuticals could be $15 B - $30 B within 10 years.
The global Quantum Computing market is expected to reach approximately USD 1.65 Billion by 2026 growing at a CAGR of 34.6% from 2020-2026.
By 2023, 90% of enterprise quantum computing investments will engage quantum consulting organisations to help shape problems that can leverage quantum algorithms.
One of the top potential disruptive technologies in the next five years or so will be the use of quantum computing or quantum computing services to solve difficult problems and offer new applications.
Quantum supremacy will be not only a significant achievement for Google but also a huge advancement in the world of quantum computing.
The EU is proposing an additional €2.7 billion, which is expected to pay for at least one exascale system, as well as an undefined number of post-exascale machines, some of which could be based on quantum computing technology.
The market intelligence firm projects that North America will be the leading region for quantum computing adoption with $718.3 million in revenue by 2025.
The quantum computing industry is expected to generate revenues of $15bn by 2028 as it begins to play a vital role in the technology era.
The company Q-CTRL offered insights into the world of quantum computing, disagreeing with IBM that quantum computing will be mainstream in five years as it will take much longer.
The global commercial quantum computing market is expected to reach $1.3 billion by 2027 at a compound annual growth rate of 52.9% from 2022 to 2027 and $161 million by 2022 from $33.0 million in 2017 at a CAGR of 37.3% for the period 2017-2022.
The market for quantum computing is projected to reach $64.98 billion by 2030 from just $507.1 million in 2019, growing at a CAGR of 56.0% during the forecast period (2020-2030).
The regional quantum computing market is projected to earn revenues worth USD 952.29 Mn by 2023.
Revenues in the enterprise quantum computing market worldwide are anticipated to reach $9.1 billion by 2030.
The global enterprise quantum computing market will hit US$ 5.8 billion by 2025, growing at a compound annual growth rate of more than 30 percent.
By 2022, 50% of global tier 1 banks will use quantum computing to handle portfolio allocations, algorithmic trading, and pricing strategies.
The recently launched USD10 billion quantum initiative in Shanghai is expected to contribute to the growth of China enterprise quantum computing market.

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Last updated: 02 August 2020