Quantum Computing Technologies markets will reach $10.7 billion by 2024

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Jun 14, 2017, 17:14 ET

NEW YORK, June 14, 2017 /PRNewswire/ -- Highlights

· 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.

· 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.

· Near-term expectations for quantum computing range from solving optimization problems, quantum-encrypted communications, artificial intelligence, smart manufacturing & logistics and smart retail, through quantum computing in the cloud and molecular structure research.

· Smaller quantum computers will make other contributions to industry (energy, logistics etc.), defense and national security intelligence, 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.

2024 Market* – $10.7 Billion. 2 Volume Report.

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.

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. Near-term expectations for quantum computing range from solving optimization problems, quantum-encrypted communications, artificial intelligence, smart manufacturing & logistics and smart retail, through quantum computing in the cloud and molecular structure research.

Smaller quantum computers will make other contributions to industry (energy, logistics etc.), defense and national security intelligence, 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 report, "Quantum Computing Technologies & Global Market – 2017-2024", the global Quantum Computing market* will reach $10.7 billion by 2024, out of which $8.45 billion stemming from product sales and services and $2.25 billion from Gov. RDT&E programs and funding.

The 2-volume 520-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, 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.

The report provides an updated extensive data of the leading 52 Quantum Computing vendors:
- 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
- Nano-Meta Technologies
- Emcore Corporation
- Enablence Technologies
- Fathom Computing
- Finisar Corporation
- Fuijitsu Limited
- Google Quantum AI Lab
- H-Bar Quantum Consultants
- Hewlett Packard Enterprise Company
- IBM
- ID Quantique Infinera Corporation
- Intel Corporation
- 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 Hardware Inc
- Qubitekk
- QxBranch
- Quintessence Labs
- Raytheon BBN
- Rigetti Computing
- SK Telecom
- Sparrow Quantum
- Toshiba

Read the full report: http://www.reportlinker.com/p04838492/Quantum-Computing-Technologies-Global-Market-.html

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