Quantum computing

• The UK government expects quantum computing to provide £4 billion of economic opportunities globally by 2024, while in the coming decades productivity gains resulting from quantum computing are expected to surpass over £341 billion globally.
• Total enterprise quantum computing market revenue will reach $9.1 billion annually by 2030, up from $111.6 million in 2018.
• The market for quantum computing is projected to reach $64.98 billion by 2030 from just $507.1 million in 2019, growing at a compound annual growth rate of 56.0% during the forecast period (2020-2030).
• The Australian quantum computing market has the potential to create over 10,000 jobs and generate $2.5bn in annual revenues by 2040.
• The market for quantum computing is expected to grow at a 23.2% CAGR to $9.1 billion by 2030.
• With the profitable demonstration of quantum hegemony, quantum computing will usher in a brand new spherical of explosive progress in 2020.
• With the successful demonstration of quantum hegemony, quantum computing will usher in a new round of explosive growth in 2020.
• The global Quantum Computing market is expected to reach approximately USD 1.65 Billion by 2026 growing at a CAGR of 34.6% from 2020-2026.
• By 2023, 90% of enterprise quantum computing investments will engage quantum consulting organisations to help shape problems that can leverage quantum algorithms.
• The company Q-CTRL offered insights into the world of quantum computing, disagreeing with IBM that quantum computing will be mainstream in five years as it will take much longer.
• The global commercial quantum computing market is expected to reach $1.3 billion by 2027 at a compound annual growth rate of 52.9% from 2022 to 2027 and $161 million by 2022 from $33.0 million in 2017 at a CAGR of 37.3% for the period 2017-2022.
• The market for quantum computing is projected to reach $64.98 billion by 2030 from just $507.1 million in 2019, growing at a CAGR of 56.0% during the forecast period (2020-2030).
• The regional quantum computing market is projected to earn revenues worth USD 952.29 Mn by 2023.
• The overall quantum computing market is expected to grow from USD 93 million by 2019 to USD 283 million by 2024 at a CAGR of 24.9%.
• Revenues in the enterprise quantum computing market worldwide are anticipated to reach $9.1 billion by 2030.
• The global enterprise quantum computing market will hit US$ 5.8 billion by 2025, growing at a compound annual growth rate of more than 30 percent.
• By 2022, 50% of global tier 1 banks will use quantum computing to handle portfolio allocations, algorithmic trading, and pricing strategies.
• Google's quantum computers can break encryption, and quantum computing researchers are trying to assure the world that conventional computers and security are not obsolete.
• The recently launched USD10 billion quantum initiative in Shanghai is expected to contribute to the growth of China enterprise quantum computing market.
• The encryption that underpins the security of the world's current cyber infrastructure will likely be undermined by quantum computers relatively soon - in the next 10 years, but perhaps earlier.
• Tractica projects that total quantum computing market revenue will reach $2.2 billion annually by 2025.
• The global enterprise quantum computing market is expected to witness high growth during the forecast period.

Last updated: 04 October 2020