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QuantumComputingMarket.com: Quantum Computing Market is About to Explode

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Quantum Computing Market Forecast
The quantum computing processor, a physical device enabling the principle of quantum computing, is still rather a theoretical concept than a ready-to-implement engineering solution. Yet this notion has been already broken by D-Wave’s shipping the first commercially available quantum computers. Honeywell has recently made strategic investments in CQC and Zapata Computing, both developing the software for quantum computing. IBM has launched a new quantum computing division “IBM Q”, a move that might be a turning point in the commercialization of quantum computing technology. IBM has pioneered quantum computing in the cloud with API enabling apps, mostly for research purposes. Rigetti Computing has made available its Forest developer environment to provide researchers with access to Rigetti’s cloud-based quantum simulator. Finally Google has just allegedly reached quantum supremacy.

The quantum computing race is on. The following developments are game changers:

  • U.S. Senator Kamala D. Harris introduced the Quantum Computing Research Act, which would create a central coordination and research entity to support the development of quantum information science (QIS).
  • Access to the quantum processor, either physical or simulated, via cloud opens the market to new participants, inviting the further development of quantum computing ecosystem.
  • The world’s most powerful tech companies, Alphabet, IBM, Intel and Microsoft, lead the quantum computing race, achieving breakthroughs in quantum processor technology, error correction and gradually creating the foundation for quantum computing ecosystem.
  • Strangeworks, an Austin-based startup, is developing tools to resolve one of the hurdles to wide adoption of quantum computing – lack of knowledgeable developers. Strangeworks is building tools for researchers easing up the transition from classical to quantum computing.
  • Intel has reached capability of producing full silicon wafers of quantum computing chips greatly expanding the number of quantum devices in existence.
  • Approaching reality of working quantum processor forces to look anew at the entire IT infrastructure potentially vulnerable in the post-quantum world. It also spawns new technologies like quantum cryptography and quantum random number generation in the absence of quantum computers. The quantum algorithm called HHL promises new approaches to faster solving challenging linear algebra problems with many degrees of freedom. It opens dazzling possibilities in AI, machine learning and therefore in practically any aspect of human life.

“Quantum computing is the next technological frontier that will change the world and we cannot afford to fall behind,” said Senator Harris. “It could create jobs for the next generation, cure diseases, and above all else – make our nation stronger and safer. And without adequate research and coordination in quantum computing, we risk falling behind our global competition in the cyberspace race which leaves us vulnerable to attacks from our adversaries. We must act now to address the challenges we face in the development of this technology – our future depends on it.”

We expect the vigorous development of the cloud market segment to continue at the double-digit rate.

Despite technology advances the quantum computing market is still fledgling. At the same time, this rapidly evolving market is one of the most active R&D fields, attracting substantial government funding that supports research groups at internationally leading academic institutions, national laboratories, and major industrial-research centers. The governments are the major driving force behind investments in quantum computing R&D, fiercely competing for what is perceived as the most promising technology of the 21st century. The world’s largest government IT/Defense contractors follow the government suit.

So, what is the rationale for quantum computing market?

a. National Security Considerations:

  • Quantum cryptography is the key to secure communications;
  • Quantum computing opens new realms in developing new weapons and breaking into adversary communications;
  • Quantum computing is a geopolitical game changer.

b. National Economy Considerations:

  • Quantum computing opens new horizons almost in every aspect of human life, whether it’s new medicine or renewable energy;
  • Quantum computing is an economy game changer, with a potential of disrupting entire industries and creating new ones.

The report covers the quantum computing R&D, products, technologies and services as well as government, corporate and venture capital investments in quantum computing.

The report provides detailed year-by-year (2020-2025) forecasts for the following quantum computing (QC) market segments:

  • R&D of the physical device enabling quantum computing;
  • Quantum cryptography;
  • Quantum computing simulation;
  • Quantum computing programming infrastructure;
  • Superconducting (cooling) infrastructure enabling quantum computing
  • Quantum computing in the cloud;
  • Quantum computing market by top eight countries.


Table of Contents

1. Market Report Scope & Methodology
1.1. Scope
1.2. Research Methodology

2. Executive Summary
2.1. Latest Developments in Quantum Computing Market

3. Quantum Computing Market in Numbers
3.1. Quantum Computing Market
3.2. Quantum Computing Market by Technology Segments
3.3. Quantum Computing in the Cloud Market
3.4. Quantum Computing Market by Country

List of Figures
Fig. 1- Quantum Computing Market Forecast, $Mln
Fig. 2- Quantum Computing Market: Growth Rates by Technology Segments, CAGR %
Fig. 3- Cumulative Quantum Computing Market, Market Share by Technology Segments, %
Fig. 4- Quantum Computing Market by Technology Segments, $Mln
Fig. 5- Quantum Computing Market Dynamics: Market Share by Technology Segments, %
Fig. 6- Quantum Computing Market: Quantum Cryptography, $Mln
Fig. 7- Quantum Computing Market: Physical QC Device, $Mln
Fig. 8- Quantum Computing Market: QC Simulation, $Mln
Fig. 9- Quantum Computing Market: QC Programming Infrastructure, $Mln
Fig. 10- Quantum Computing in the Cloud Market, $Mln
Fig. 11- Cumulative Quantum Market, market share by country, %
Fig. 12- Quantum Computing Market by Country, $Mln
Fig. 13- Quantum Computing Market Dynamics: Market Share by Country, %

List of Tables
Table 1 – The Rationale for Quantum Computing Market
Table 2 – Quantum Computing Approaches by Physical Principle
Table 3 – Quantum Computing Market Forecast, $Mln
Table 4 – Global Quantum Computing Market by Technology Segments, $Mln
Table 5 – Quantum Computing in the Cloud Market, $Mln
Table 6 – Quantum Computing Market by Top 8 Countries, $Mln
Table 7 – Superconducting (Cooling) Infrastructure Enabling Quantum Computing, Market Forecast, $Mln 26