Quantum computing

• [New] More players will enter providing quantum computers, cloud services, or both in 2021, as well as expanding the power of the computers available to users.
• [New] TLS 1.3 is designed for a world with classical computers, and some of its functionality will be broken by quantum computers when they do arrive.
• [New] The World Economic Forum cited that the rise of quantum computers might create widespread security threats by breaking the cryptography that fortifies the digital ecosystem.
• [New] Firms like IBM go as far as to claim that quantum computers will never reign supreme over classical computers, but will rather work in concert with them, since each have their unique strengths,.
• [New] Quantum Computing will scale-up rapidly in 2021 and will start to transform Artificial Intelligence into truly Advanced Intelligence.
• [New] Boston Consulting Group foresees quantum computers improving the operating income of their users by between $450bn and $850bn a year by 2050.
• On quantum computing, the scale of the actual quantum computers has been rapidly evolving (e.g., IBM recently announced to debut quantum computer with 1,121 quantum bits (qubits) in 2023).
• Tech giant IBM plans to deliver a quantum computer with a 1,121-qubit processor, inside a 10-foot tall super-fridge that will be online and capable of delivering a Quantum Advantage, by 2023.
• IBM revealed a 65 qubit quantum computer and has set itself the goal to develop a 1000 qubit quantum computer by the end of 2023.
• The global market for Quantum Computing is projected to reach US$513.3 million by the year 2027, trailing a CAGR of 24.2% over the analysis period 2020 through 2027.
• China is maintaining its modernization pace and envisions gaining competitive advantages in AI, quantum computing, and bioengineering by 2030.
• The market for global quantum computing was valued at $89.35 million in 2016 and is projected to reach $948.82 million by 2025, projected to grow at a compound annual growth rate of 30.02% from 2017 to 2025.
• Global Quantum Computing Market was valued US$ 198.31 Mn in 2019 and is expected to reach US$ 890.5 Mn by 2027, at CAGR of 28.44% during forecast.
• 2020 projects to be a year where the competition to become the leader in quantum computing will intensify.
• 72% of surveyed security experts worldwide believe quantum computing will have a negative impact on data security within the next five years.
• The looming threat of quantum computing - some say we could see 100,000 x faster quantum computers as soon as 2025 - represents another compelling reason to focus on improving your crypto-agility.
• Increasing investments by government bodies related to enterprise quantum computing are expected to support the growth of the market in the coming years.
• Current quantum computers have about 70-100 qubits for noisy superconduction qubits and will soon have 5600 for D-Wave Quantum annealing systems.
• Industrial Growth of Quantum Computing Market 2019-2025: The latest report added by Reports Monitor demonstrates that the global Quantum Computing market will showcase a steady CAGR in the coming years.
• 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.

Last updated: 24 January 2021