Quantum - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Quantum- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.



The global market for Quantum was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.



【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】

https://www.qyresearch.com/reports/2630189/quantum







Riverlane Secures $75M in Series C Funding for Quantum Error Correction Technology



Porto, Portugal - August 15, 2024



Riverlane, a pioneering quantum error correction (QEC) technology company, has successfully raised $75 million in a Series C funding round, further solidifying its leadership in the rapidly evolving quantum computing industry. This latest round, led by Planet First Partners with participation from investors such as ETF Partners, EDBI, and Cambridge Innovation Capital, brings Riverlane's total funding to over $122 million.

The funding will accelerate the development of Riverlane's core product, Deltaflow™, which integrates proprietary QEC chips, hardware, and software to correct billions of quantum errors per second. This technology is crucial as the quantum computing industry shifts towards building fault-tolerant quantum systems, which can perform millions, and eventually trillions, of error-free operations. Such advancements are expected to unlock transformative applications in sectors like pharmaceuticals, material science, and clean energy.

Riverlane's roadmap aims to achieve one million error-free quantum operations by the end of 2026. This milestone represents a significant technological breakthrough, enabling quantum computers to handle operations that are beyond the capabilities of today's supercomputers. The company collaborates with major players in the quantum space, including Rigetti Computing, Alice & Bob, and various national labs, positioning itself as a key enabler of the next wave of quantum technology.



Policy Analysis

Europe's quantum industry is poised for significant growth, driven by a combination of strategic policy initiatives, robust funding mechanisms, and international collaborations aimed at securing the continent's position as a global leader in quantum technologies.

Strategic Policy Initiatives
The European Union (EU) has recognized the transformative potential of quantum technologies across various sectors, from cybersecurity to healthcare. To harness this potential, the EU has developed a comprehensive strategy that emphasizes "open strategic autonomy." This strategy aims to reduce dependency on non-European technologies while fostering the development of an indigenous quantum ecosystem. Key initiatives include the Quantum Flagship program and the establishment of the Quantum Technology Flagship, which collectively guide research, industrial development, and policy-making to create a self-sufficient quantum technology landscape in Europe.

Funding and Investment
Funding is a critical component of Europe's quantum strategy. The EU, through programs like Horizon Europe, and national governments have committed substantial financial resources to support quantum research and development. The European Investment Bank (EIB) has also been actively involved in financing quantum technology projects, recognizing their potential to drive economic growth and sustainability. The EIB's recent reports highlight the need for continued investment to accelerate the commercialization of quantum technologies and ensure that Europe remains competitive globally.

Collaboration and Ecosystem Development
Europe's approach to quantum technology is highly collaborative, involving partnerships across academia, industry, and government bodies. The European Quantum Industry Consortium (QuIC) plays a pivotal role in bringing together these stakeholders to align efforts and share resources. Additionally, cross-border collaborations with global leaders in quantum technology, such as the United States and Japan, are crucial for exchanging knowledge and accelerating innovation.

Challenges and Future Directions
Despite these efforts, Europe faces challenges, including the need to scale up quantum startups and ensure a steady pipeline of skilled professionals. Addressing these challenges requires a sustained focus on education and training, alongside policies that incentivize private investment in quantum technologies. Furthermore, the EU must navigate the geopolitical implications of quantum technology, balancing collaboration with maintaining technological sovereignty.



Market Overview

The quantum industry in Europe is experiencing robust growth, driven by substantial investments, strategic collaborations, and the development of a comprehensive quantum ecosystem. As of 2024, Europe is positioning itself as a global leader in quantum technologies, supported by initiatives like the Quantum Flagship program and the European Quantum Industry Consortium (QuIC).

Market Size and Growth
The European quantum computing market is projected to grow at a compound annual growth rate (CAGR) of 31.3% from 2023 to 2030. This growth is fueled by both public and private sector investments aimed at advancing quantum hardware, software, and services. The market size is expected to expand significantly, with key sectors including healthcare, financial services, and manufacturing poised to benefit from quantum advancements.

Key Developments and Investments
Europe's commitment to quantum technologies is evident in the over €5.7 billion invested by EU member states in quantum initiatives over the past five years. This investment is part of a broader strategy to establish Europe as a "Quantum Valley," akin to Silicon Valley but focused on quantum technologies. The region has also seen the establishment of national quantum computing centers and hubs, which are accelerating the development of practical quantum applications.

Strategic Industry Roadmap
The Strategic Industry Roadmap (SIR) developed by QuIC plays a crucial role in guiding the growth of Europe's quantum industry. The roadmap outlines strategic priorities across four quantum verticals: computing and simulation, communication, sensing and metrology, and enabling technologies. It also emphasizes the importance of aligning national quantum initiatives with EU-wide strategies to ensure coherent and optimized investments.

Resilience and Future Outlook
Despite global economic challenges, Europe's quantum industry has shown resilience. While global venture capital investment in quantum startups declined significantly in 2023, Europe, along with the Middle East and Africa (EMEA), bucked the trend with a slight increase in investment. This resilience is supported by strong government backing and the ongoing development of national quantum strategies.

Looking ahead, Europe is expected to continue its leadership in quantum technologies, with ongoing investments in research, industrialization, and workforce development. The establishment of a quantum internet and the integration of quantum technologies into various industries, such as high-performance computing and communications, are key goals that are likely to drive further growth and innovation.



Regulation Differences

The regulatory landscape for quantum technologies in Europe is evolving, with significant differences emerging between various countries and regions within the EU. These differences are shaped by national priorities, the level of public and private investment, and the strategic importance placed on quantum technologies by individual governments.

EU-Wide Initiatives
At the EU level, the European Commission has been proactive in establishing a broad framework for the development of quantum technologies. The "European Declaration on Quantum Technologies," signed by 20 EU countries, aims to position Europe as the leading hub for quantum research and industry. This declaration is part of a broader strategy to create a "Quantum Valley" in Europe, similar to Silicon Valley in the US, where quantum technologies can thrive through coordinated efforts across member states.

National-Level Differences
Despite these EU-wide efforts, there are significant regulatory and strategic differences among member states:

Germany and Franceare leading in terms of investment and the development of national quantum strategies. Germany, in particular, has made substantial investments in quantum computing infrastructure and research, reflecting its broader industrial base and focus on high-tech innovation.
Nordic countrieslike Finland and Sweden are also emerging as leaders, particularly in quantum communications and encryption technologies, which are seen as critical for national security.
Southern and Eastern European countriesare generally lagging in terms of investment and regulatory development, although they are beginning to catch up through collaborative projects and EU-funded initiatives.
Regulatory Focus Areas
The EU's regulatory approach is currently focused on several key areas:

Quantum Cryptography and Cybersecurity: There is an increasing emphasis on developing quantum-safe encryption methods to protect against future quantum-based cyber threats. The European Union Agency for Cybersecurity (ENISA) is likely to play a crucial role in this area.
Standardization and Interoperability: The EU is working on creating standards for quantum technologies to ensure interoperability across borders, which is crucial for building a cohesive quantum ecosystem across the continent.
Intellectual Property and Export Controls: The regulation of intellectual property rights and the control of quantum technology exports are emerging as important issues, especially as quantum technologies become more commercially viable.
Challenges and Outlook
One of the main challenges is the disparity in private investment across the EU. While some countries have attracted significant venture capital for quantum startups, others are heavily reliant on public funding. This creates a fragmented landscape that could hinder the EU's goal of becoming a global leader in quantum technologies.



Key Drivers

The European quantum industry is being driven by several key factors that are contributing to its rapid growth and positioning the region as a leader in the global quantum race.

Government Funding and Strategic Investments: European governments have recognized the strategic importance of quantum technologies and have committed substantial public funding to support research, development, and commercialization. Over $40 billion in public funding has been committed globally, with Europe leading several major initiatives. National programs like Germany's €2 billion and France's €1.8 billion quantum strategies exemplify this commitment. These investments provide a stable foundation for ongoing research and innovation, even as private venture capital funding experiences fluctuations.
Technological Advancements and Industry Collaboration: Significant progress has been made in quantum computing, particularly in areas like quantum error correction and the development of quantum hardware. Projects such as Finland's 20-qubit quantum computer and international collaborations like the OpenSuperQ Project are pushing the boundaries of what quantum technologies can achieve. Additionally, the convergence of quantum computing with artificial intelligence (AI) is seen as a major driver, with potential applications in fields such as generative chemistry and digital twin simulations.
European Union Initiatives and Roadmaps: The European Union has played a crucial role in unifying the efforts of member states through initiatives like the Quantum Flagship and the Strategic Research and Industry Agenda (SRIA). These frameworks aim to consolidate Europe's quantum efforts, ensuring that investments are optimized and that the region can compete globally. The vision of establishing Europe as the "Quantum Valley" of the world is a central goal, supported by coordinated policies and research agendas that address critical areas such as quantum communication and the quantum internet.
Private Sector Involvement and Innovation: Companies like IQM Quantum Computers, ORCA Computing, and other key players in the European quantum landscape are driving innovation through new products and technologies. These companies are not only advancing quantum computing capabilities but are also working closely with academic and government institutions to ensure that Europe remains at the forefront of quantum research and development.
These key drivers collectively ensure that Europe is well-positioned to lead in the quantum technology space, despite challenges such as uneven private investment across the continent. The ongoing collaboration between public and private sectors, along with strategic governmental support, continues to foster a robust and dynamic quantum ecosystem in Europe.



Investment Opportunities

Investment opportunities in Europe's quantum industry are robust and growing, driven by a combination of government funding, technological advancements, and the strategic positioning of Europe as a global leader in quantum technologies.

Key Investment Opportunities
Government Funding as a Backbone: European governments have committed over $40 billion in public funding for quantum technologies over the next decade. This strong financial backing provides a stable foundation for continued research and development, creating opportunities for investors to align with publicly funded projects. The establishment of quantum computing centers, like the UK's National Quantum Computing Centre, further emphasizes the importance of this sector.
Technological Advancements and Industry Growth: Recent advancements in quantum error correction, the development of superconducting and photonic qubits, and the growing adoption of hybrid quantum-classical computing models are accelerating the commercialization of quantum technologies. Companies like IQM in Finland are at the forefront, developing scalable quantum solutions that cater to both high-performance computing centers and academic institutions. This technological progress is creating lucrative opportunities for investors in hardware, software, and integrated systems.
Consolidation and Strategic Alliances: The quantum industry in Europe is witnessing increased consolidation, with mergers and strategic alliances becoming more common. Established players are looking to acquire startups that offer complementary technologies, particularly in quantum hardware and software integration. This trend offers investors opportunities to participate in high-growth companies poised to become industry leaders through strategic acquisitions.
Expanding Applications Across Industries: Quantum technologies are finding applications across various sectors, including pharmaceuticals, finance, and material science. As the technology matures, its potential to revolutionize fields like drug discovery and cryptography is becoming clearer, making it a compelling investment area. The convergence of quantum computing with artificial intelligence (AI) also holds significant promise, particularly in enhancing computational efficiency and precision.
Emerging Quantum Technologies: Photonic quantum computing is highlighted as a key area of growth, offering robustness and scalability that make it an attractive investment target. Companies focused on developing photonic qubits and integrating them into larger quantum systems are well-positioned to capture significant market share as the technology progresses.


Related Market Reports From QY Research

QY Research Releases Comprehensive Market Reports on the quantum Market, as shown in the links below. These reports provide an in-depth analysis of the current market landscape, key trends, and future growth opportunities.

Quantum - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030



https://www.qyresearch.com/reports/2630189/quantum

Global Quantum Dot Industry Research Report, Growth Trends and Competitive Analysis 2024-2030

https://www.qyresearch.com/reports/2695116/quantum-dot

Quantum Chip - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

https://www.qyresearch.com/reports/2324019/quantum-chip





The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.



The Quantum market is segmented as below:

By Company

Google
Microsoft
IBM
Intel
Toshiba
NTT
Honeywell
D-Wave Solutions
Alibaba Quantum Technology
Lockheed Martin
QuantumCTek



Segment by Type

Hardware
Software
Service



Segment by Application

Cybersecurity
Drug Development
Financial Modeling
Artificial Intelligence
Others



Each chapter of the report provides detailed information for readers to further understand the Quantum market:

Chapter 1: Introduces the report scope of the Quantum report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)

Chapter 2: Detailed analysis of Quantum manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various Quantum market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5: Sales, revenue of Quantum in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6: Sales, revenue of Quantum in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.



Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Quantum competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Quantum comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Quantum market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.



Other relevant reports of QYResearch:

Global Quantum Market Insights, Forecast to 2030
Global Quantum Market Research Report 2024
Global Quantum SR Market Research Report 2024
Quantum SR - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Quantum Dot Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
Global Quantum Dot Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
Global Quantum Dot Market Insights, Forecast to 2030
Quantum Dot - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Quantum Dot Market Research Report 2024
Quantum Chip - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Quantum Dot TV Market Insights, Forecast to 2030
Global Quantum System Market Insights, Forecast to 2030
Global Quantum Dot TV Market Research Report 2024
Quantum Dot TV - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Quantum System Market Research Report 2024
Global Quantum Biology Market Insights, Forecast to 2030
Global Quantum Sensors Market Insights, Forecast to 2030
Quantum Biology - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Quantum Biology Market Research Report 2024
Global Quantum Sensors Market Research Report 2024

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