Global Quantum Computing Market 2017 Size, Development Status, Type and Application, Segmentation, Forecast by 2024

“”Global Quantum Computing Technologies Market – 2017-2024″”
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.

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.

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.

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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:

  1. U.S.
  2. Canada
  3. Mexico
  4. Brazil
  5. Rest of Latin America
  6. UK
  7. France
  8. The Netherlands
  9. Denmark, Sweden, Norway, Finland
  10. Germany
  11. Switzerland
  12. Russia
  1. Rest of Europe
  2. Saudi Arabia
  3. Other GCC
  4. Israel
  5. South Africa
  6. Rest of ME&A
  7. India
  8. China
  9. Japan
  10. Singapore
  11. Australia
  12. Rest of Asia Pacific

2] By 4 sectors:

  1. National Security
  2. Government
  3. Gov. Funded RDT&E
  4. Industry & Business Sectors

3] by 17 vertical markets

  1. Defense & Intelligence
  2. Homeland Security & Public Safety
  3. Government & Public Services
  4. Gov. Funded RDT&E
  5. Banking & Securities
  6. Manufacturing & Logistics
  7. Insurance
  8. Healthcare & Pharmaceutical
  1. Retail & Wholesale
  2. Information Technology Industry
  3. Telecommunication
  4. Automotive, Aerospace & Transportation
  5. Energy & Utilities
  6. Web, Media & Entertainment
  7. Smart Cities
  8. Cybersecurity
  9. Other Vertical Markets

4] By 4 revenue sources

  1. Systems Sales
  2. Software Sales
  3. QC as a Service
  4. Government Funded RDT&E

5] By 5 regional markets

  1. North America
  2. Latin America
  3. Europe
  4. Middle East & Africa
  5. Asia Pacific

B. Detailed market analysis framework includes:

  1. Business Opportunities
  2. SWOT Analysis
  3. Competitive Analysis
  4. 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:

Agilent Technologies
Aifotec AG
Airbus Group
Alibaba Group Holding Limited
Anyon Systems, Inc
Avago Technologies
Booz Allen Hamilton
British Telecommunications (BT)
Cambridge Quantum Computing
Ciena Corporation
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
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.
Nokia Bell Labs
NTT Basic Research Laboratories and 
NTT Secure Platform Laboratories
Optalysys Ltd.
QC Ware Corp.
Quantum Circuits 
Quantum Hardware Inc
Quintessence Labs
Raytheon BBN
Rigetti Computing
SK Telecom
Sparrow Quantum



G. The report includes a detailed background of 55 Quantum Computing Business Opportunities by the following applications:

  1. Search Engines
  2. Business Intelligence
  3. Software/Hardware Validation and Verification
  4. Image and Pattern Recognition
  5. National Security Intelligence
  6. Defense
  7. Public Safety
  8. Homeland Security
  9. Government & Public Services
  10. Banking & Financial Services
  11. Financial Electronic Trading & Trading Strategies
  12. Smart Manufacturing & Logistics
  13. Mission Planning/Scheduling and Logistics
  14. Insurance
  15. Medical Diagnostics
  16. Medical Treatments
  17. Pharmacology
  18. Protein Folding
  19. Retail & Wholesale
  20. Information Technology Industry
  21. Telecommunication
  22. Automotive & Transportation
  23. Aerospace
  24. Energy & Utilities
  25. Energy Systems & Photovoltaics
  26. Energy Exploration
  27. Web, Media & Entertainment
  28. Smart Cities
  1. Cybersecurity
  2. Quantum Computing Systems
  3. Quantum Computing Software
  4. Quantum Computing as a Service on the Cloud
  5. Academia & National Labs
  6. Graph Theory Problems
  7. Material Science
  8. Marine Science
  9. Bioinformatics
  10. Climate Modeling & Weather Predictions
  11. Seismic Survey
  12. Risk Management
  13. Simulation
  14. Video Compression
  15. Quantum Cryptography
  16. Post-quantum Cryptography
  17. Optimization Problems
  18. Quantum-Assisted Optimization
  19. Reservoir Optimization Applications
  20. Utilities Management Optimization
  21. Quantum Machine Learning
  22. Quantum Reinforcement Learning
  23. Big Data & Predictive Analytics
  24. Material Science
  25. Quantum Sampling
  26. Quantum Chemistry
  27. Monte Carlo Simulation

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