State of Quantum Computing™—Superconducting Quantum Computing is Well Poised to Win the QC Technology War

2020 marks the launch of a decade of explosive growth for the enterprise quantum computing market—projected to be driven by services and innovations across modalities.

Select highlights from the State of Quantum Computing™ Report

  1. The most innovative quantum computing enterprise leaders: Alibaba and IBM.
  2. Superconducting quantum computing (SQC) seized the largest share—nearly one-third of the enterprise quantum computing market. This quantum computing (QC) technology is expected to dominate QC revenue contributions for the next five years.
  3. The global enterprise quantum computing market is projected to experience explosive growth and reach $9.1B in annual revenue by 2030 (vs. $260M in 2020).
  4. Revenue from services is projected to be the primary growth driver for the enterprise quantum computing market. It is expected to experience a meteoric rise and attain an estimated value of $6.6B in 2030 (vs. $224M in 2020).
  5. North America ($2.7B), Europe ($2.6B), and the Asia Pacific ($2.2B) region are the anticipated 2030 revenue leaders of the global enterprise quantum computing market.
  6. Agriculture ($1.1B), Life Sciences ($1.0B) and Aerospace ($988M) are expected to lead the next decade of revenue growth for the global enterprise quantum computing market.
  7. Some additional future growth drivers include: quantum-enabled payment platforms, QCaaS (quantum computing as a service), quantum machine learning (QML), and quantum cryptography.

Disclaimer: This abbreviated report is just your proper teaser. More information will be available here: stateofquantumcomputing.com.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store