Quantum Computing Market 2024 : Products & Services $8.45 B. Government-Funded R&D $2.25 B

Quantum Computing 2024 Market: Products & Services $8.45 B. Government-Funded R&D $2.25 B

We are in the midst of a “Quantum Computing Supremacy Race”, one that will result in groundbreaking computing power, enabling disruptive new quantum computing technologies that have the potential to change long-held dynamics in commerce, intelligence, military affairs and strategic balance of power. If you have been paying attention to the news on quantum computing and the evolution of industrial and national efforts towards realizing a scalable, fault-tolerant quantum computer, that can tackle problems, unmanageable to current supercomputing capabilities, then you know that something big is stirring throughout the quantum world.

In a way that was unheard of five years ago, quantum physicists are now partnering with corporate tech giants, to develop quantum computing capabilities and technologies as the foundation of a second information age.

Advances 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.

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On May 3, 2017, Xinhua, the official press agency of the People’s Republic of China, surprised the Quantum Computing community by announcing that “Chinese scientists have built the world’s first quantum computing machine that goes far beyond the early classical — or conventional — computers, paving the way to the ultimate realization of quantum computing. Scientists announced their achievement at a press conference in the Shanghai Institute for Advanced Studies of University of Science and Technology of China on Wednesday. Scientists believe quantum computing could, in some ways, dwarf the processing power of today’s supercomputers”.

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 Computing or partnering with 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.

According to the "Quantum Computing Technologies & Global Market – 2017-2024" report, the global Quantum Computing market* will reach $10.7 billion by 2024, out of which $8.45 billion stem from product sales and services and $2.25 billion from government-funded RDT&E programs. 

The 2-volume 529-page landmark report is the only comprehensive review of the global quantum computing market available today. This report is a valuable resource for executives with interests in the market. It has been explicitly customized for ICT 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.

Questions answered in this report include:

What will the quantum computing market size and trends be during 2017-2024?
Which are the quantum computing submarkets that provide attractive business opportunities?
What drives the customers to purchase quantum computing solutions and services?
What are the QC applications & services trends?
What are the market SWOT (Strengths, Weaknesses, Opportunities and Threats)?
What are the challenges to the quantum computing market penetration & growth?
Who are the industry players?
How and where to invest in quantum computing industry?
With 529 pages, 242 tables & figures, this report covers 17 vertical, 24 national, 4 revenue sources and 5 regional markets; offering for each of the 73 submarkets 2016 assessments and 2017-2024 forecasts and analyses.

(*) Including: product & services sales and government-funded research, development, testing and evaluation (RDT&E)

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Why Buy This Report?

A. Market size data is analyzed via 5 independent key perspectives. 
With a highly fragmented market we address the “money trail” – each dollar spent is analyzed and crosschecked via 5 orthogonal viewpoints:

1] By 24 national markets:

U.S.
Canada
Mexico
Brazil
Rest of Latin America
UK
France
The Netherlands
Denmark, Sweden, Norway, Finland
Germany
Switzerland
Russia
13.Rest of Europe

14.Saudi Arabia

15.Other GCC

16.Israel

17.South Africa

18.Rest of ME&A

19.India

20.China

21.Japan

22.Singapore

23.Australia

24.Rest of Asia Pacific

2] By 4 sectors:

National Security
Government
Gov. Funded RDT&E
Industry & Business Sectors
3] by 17 vertical markets

Defense & Intelligence
Homeland Security & Public Safety
Government & Public Services
Gov. Funded RDT&E
Banking & Securities
Manufacturing & Logistics
Insurance
Healthcare & Pharmaceutical
9.Retail & Wholesale

10.Information Technology Industry

11.Telecommunication

12.Automotive, Aerospace & Transportation

13.Energy & Utilities

14.Web, Media & Entertainment

15.Smart Cities

16.Cybersecurity

17.Other Vertical Markets

4] By 4 revenue sources

Systems Sales
Software Sales
QC as a Service
Government Funded RDT&E
5] By 5 regional markets

North America
Latin America
Europe
Middle East & Africa
Asia Pacific
B. Detailed market analysis framework includes:

Business Opportunities
SWOT Analysis
Competitive Analysis
Business Environment
C. 41 Quantum Computing Bids, and Projects Data are provided

D. The report includes the following appendices:

Appendix A: Introduction to Quantum Computing 
Appendix B: Quantum Information Technologies 
Appendix C: Quantum Computing Hardware
Appendix D: Quantum Computing Software
Appendix E: Quantum Encryption
Appendix F: Global 50 Top Supercomputers
Appendix G: Industry Investment in Quantum Computing – 2006-2016
Appendix H: NQIT R&D Projects
Appendix I: Exascale Computing
Appendix J: Market Background by Country
Appendix K: Key Quantum Computing Patents
Appendix L: Links to 31 Quantum Computing Academic Research Centers
Appendix M: Quantum Conferences Links – 2017
Appendix N: Glossary
Appendix O: References

E. The report includes over 300 links to the Quantum Computing community information sources

F. The report provides an updated extensive data of the leading 57 Quantum Computing companies:

1Qbit
Agilent Technologies
Aifotec AG
Airbus Group
Alcatel-Lucent
Alibaba Group Holding Limited
Anyon Systems, Inc
Artiste-qb.net
Avago Technologies
Booz Allen Hamilton
British Telecommunications (BT)
Cambridge Quantum Computing
Ciena Corporation
Cyoptics
D-Wave Systems Inc
Eagle Power Technologies, Inc
Entanglement Partners 
Emcore Corporation
Enablence Technologies
Fathom Computing
Finisar Corporation
Fuijitsu Limited
Google Quantum AI Lab
H-Bar Quantum Consultants
Hewlett Packard Enterprise Company
IBM
Infinera Corporation
Intel Corporation

ID Quantique IonQ
JDS Uniphase Corporation
Kaiam Corporation
Lockheed Martin Corp.
MagiQ Technologies, Inc.
Microsoft Quantum Architectures and
Computation Group (QuArC)
Mitsubishi Electric Corp.
NEC
Nokia Bell Labs
NTT Basic Research Laboratories and 
NTT Secure Platform Laboratories
Optalysys Ltd.
Post-Quantum
QbitLogic
QC Ware Corp.
Quantum Circuits 
Quantum Hardware Inc
Qubitekk
QxBranch
Quintessence Labs
Raytheon BBN
Rigetti Computing
SeQureNet 
SK Telecom
Sparrow Quantum
Toshiba
Xanadu
   
G. The report includes a detailed background of 55 Quantum Computing Business Opportunities by the following applications:

Search Engines
Business Intelligence
Software/Hardware Validation and Verification
Image and Pattern Recognition
National Security Intelligence
Defense
Public Safety
Homeland Security
Government & Public Services
Banking & Financial Services
Financial Electronic Trading & Trading Strategies
Smart Manufacturing & Logistics
Mission Planning/Scheduling and Logistics
Insurance
Medical Diagnostics
Medical Treatments
Pharmacology
Protein Folding
Retail & Wholesale
Information Technology Industry
Telecommunication
Automotive & Transportation
Aerospace
Energy & Utilities
Energy Systems & Photovoltaics
Energy Exploration
Web, Media & Entertainment
Smart Cities
29.Cybersecurity

30.Quantum Computing Systems

31.Quantum Computing Software

32.Quantum Computing as a Service on the Cloud

33.Academia & National Labs

34.Graph Theory Problems

35.Material Science

36.Marine Science

37.Bioinformatics

38.Climate Modeling & Weather Predictions

39.Seismic Survey

40.Risk Management

41.Simulation

42.Video Compression

43.Quantum Cryptography

44.Post-quantum Cryptography

45.Optimization Problems

46.Quantum-Assisted Optimization

47.Reservoir Optimization Applications

48.Utilities Management Optimization

49.Quantum Machine Learning

50.Quantum Reinforcement Learning

51.Big Data & Predictive Analytics

52.Material Science

53.Quantum Sampling

54.Quantum Chemistry

55.Monte Carlo Simulation

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