Market Research Report
Quantum Computing Vertical Markets 2018-2024
|Published by||Industry 4.0 Market Research (a division of HSRC)||Product code||653335|
|Published||Content info||254 Pages; 91 Tables & Figures
Delivery time: 1-2 business days
|Quantum Computing Vertical Markets 2018-2024|
|Published: February 28, 2018||Content info: 254 Pages; 91 Tables & Figures||
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.
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.
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.
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)
With a highly fragmented market we address the “money trail” - each dollar spent is analyzed and crosschecked via 3 orthogonal viewpoints: