The Quantum Computing Market Will Reach $10.7 Billion by 2024

WASHINGTON, April 19, 2017 /PRNewswire-USNewswire/ -- A recent report reveals that 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. Those have the potential to change long-held dynamics in commerce, intelligence, military affairs, and strategic balance of power. This race is projected to propel the Quantum Computing Technologies & Global Market to $10.7 billion by 2024.

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.

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.

According to the 2-volume 520-page, 204 figures & tables landmark report, "Quantum Computing Technologies & Market", 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.

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HSRC is an international market and technology research firm. HSRC provides premium off-the-shelf and customized market reports on present and emerging technologies and industry expertise, enabling global clients to gain time-critical insight into business opportunities. HSRC's clients include the U.S. Congress, DHS, U.S. Army, U.S. Navy, DOD, DOT, GAO, NATO and EU, among others; as well as government agencies in Japan, Korea, Taiwan, Israel, Canada, UK, Germany, Australia, Sweden, Finland, Singapore. With over 750 private sector clients (72% repeat customers), including Fortune 2000 companies, HSRC earned the reputation as the industry's Gold Standard for present and emerging technologies market reports. 

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SOURCE Homeland Security Research Corp. (HSRC)