Press release
Quantum Artificial Intelligence (AI) Market Size, Trends And Report 2024-2033
Quantum Artificial Intelligence (AI) Market
As per the report, the quantum AI market size has grown exponentially in recent years. It will grow from $0.21 billion in 2023 to $0.29 billion in 2024 at a compound annual growth rate (CAGR) of 38.7%. The quantum AI market size is expected to see exponential growth in the next few years. It will grow to $1.07 billion in 2028 at a compound annual growth rate (CAGR) of 38.8%.
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Role of Quantum AI in Mitigating Data Breaches
The increasing number of data breaches is expected to propel the growth of the quantum AI market going forward. Data breaches refer to incidents where sensitive, protected, or confidential data is accessed, stolen, or used by unauthorized individuals or entities. The Internet of Things (IoT) and the rise of connected devices in various industries have increased the number of potential entry points for cyber attacks, making it more challenging to secure all endpoints effectively. Quantum AI can help reduce data breaches by improving encryption, enabling secure communication, enhancing threat detection, strengthening authentication, and verifying data integrity. For instance, in May 2024, the Information Commissioner's Office, a UK-based independent regulatory office, reported that cyber-related incidents accounted for 25.9% of personal data breaches from 2022 to 2023, an increase of 32.5%. Therefore, the growing number of data breaches is driving the growth of the quantum AI market.
Quantum Processor Development for Enhanced Quantum AI Capabilities
Major companies operating in the quantum AI market are developing quantum processors to advance the capabilities of quantum AI systems. Quantum processors are crucial in advancing quantum AI by providing the computational power to perform complex calculations and simulations. For instance, in November 2021, International Business Machines Corporation, a US-based technology company, launched IBM Quantum Eagle, a 127-qubit quantum processor designed to advance quantum computing research and enable more powerful AI algorithms. IBM Quantum Eagle offers improved qubit coherence and connectivity and enhanced error correction capabilities, making it suitable for complex AI tasks such as optimization, machine learning, and simulation. This processor is a significant milestone in the development of quantum computing, as it marks the first time a quantum processor has been developed with more than 100 operational and connected qubits.
The quantum artificial intelligence (AI) market covered in this report is segmented -
1) By Component: Software, Hardware, Services
2) By Deployment Model: Cloud-Based, On-Premises
3) By Application: Machine Learning And Optimization, Cryptography And Security, Simulation And Modeling, Other Applications
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Major companies operating in the quantum artificial intelligence (AI) market are Google LLC, Microsoft Corporation, Alibaba Cloud, AT&T Inc., Amazon Web Services Inc. International Business Machines Corp., Honeywell International Inc., Fujitsu Limited, Atos SE, Baidu Research, Quantinuum Ltd., Xanadu, Terra Quantum, Quantum Machines, 1QB Information Technologies Inc., Q-CTRL, Rigetti & Co LLC, IonQ Inc., QC Ware, Alice & Bob, D-Wave Quantum Inc., Zapata Computing Inc., Strangeworks Inc. , Qulabs, Menten AI
Contents of the report:
1. Executive Summary
2. Quantum Artificial Intelligence (AI) Market Report Structure
3. Quantum Artificial Intelligence (AI) Market Trends And Strategies
4. Quantum Artificial Intelligence (AI) Market - Macro Economic Scenario
5. Quantum Artificial Intelligence (AI) Market Size And Growth
…..
27. Quantum Artificial Intelligence (AI) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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