Quantum Computing (2024) - Thematic Research
Description
Quantum Computing (2024) - Thematic Research
Summary
Quantum computers use the properties of quantum physics to store data and perform computations. There are many technologies with the potential to build their foundational quantum bits (qubits). However, it may well be over a decade before companies can deliver the enmeshed systems of high-fidelity qubits needed to usher in the quantum era. The fiendishly difficult engineering problems, excess hype, and pre-revenue phase for many quantum companies mean a protracted quantum winter is in prospect
Key Highlights
China has made enormous strides in catching up with the US. In 2024, the two countries stand almost neck-and-neck, albeit with very different strategies. Private companies lead the way in the US, while in China, expertise is increasingly concentrated within state institutions. Alibaba and Baidu have notably withdrawn from the market, dedicating state-of-the-art equipment to China’s national institutions.
The next few years will see a progression of noisy intermediate-scale quantum (NISQ) devices and the development of modular systems, each generation incrementally more powerful and less fragile. They will provide a quantum edge in optimization applications, like VQA, and begin operating in hybrid systems. Meanwhile, advances in classical supercomputing will yield achievements previously thought to require quantum computers.
Scope
This report provides an overview of the quantum computing theme.
It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into two categories: technology trends and macroeconomic trends.
It includes a comprehensive technology briefing, which explains what quantum computers are, how they work, and why they are superior to classical computers.
The detailed value chain comprises five segments: quantum infrastructure, quantum hardware platforms, quantum software, quantum applications, and quantum services.
Reasons to Buy
Within the next five to seven years, intermediate quantum computers are likely to become available that can offer a quantum advantage over classical computers in certain optimization applications across, for example, space warfare, logistics, drug discovery, and options trading. This report will help you understand what quantum computing is and its potential impact across industries. It also includes details of the companies leading the charge towards quantum supremacy.
Table of Contents
73 Pages
- Executive Summary
- Players
- Technology Briefing
- What are quantum computers?
- What is the difference between classical computers and quantum computers?
- What is the difference between universal quantum computers and annealers?
- What is a qubit?
- What is coherence?
- What are the six key types of qubit architecture?
- Are quantum computers superior to classical computers?
- What is quantum volume?
- Trends
- Technology trends
- Macroeconomic trends
- Industry Analysis
- Market size and growth forecasts
- Country outlook
- Use cases
- Molecular modeling
- Cybersecurity
- Financial modeling
- Logistics
- Manufacturing process optimization
- Artificial neural networks
- Military and space
- Timeline
- Signals
- Foreign direct investment trends
- M&A trends
- Venture financing trends
- Patent trends
- Company filing trends
- Hiring trends
- Value Chain
- Quantum infrastructure
- Superconducting cables
- Cryogenic refrigeration
- Microwaves
- Lasers, beams, and splitters
- Quantum sensors
- Quantum hardware platforms
- Superconducting qubits
- Trapped ion qubits
- Spin qubits
- Photonic qubits
- Neutral atom qubits
- Topological qubits
- Quantum annealing - D-Wave’s quantum-not quantum computer
- Quantum software
- Quantum programming languages
- Quantum algorithms
- Resource management and simulation
- Quantum applications
- Combinatorial optimization
- Differential equations
- Linear algebra
- Integer factorization
- Quantum services
- Quantum education
- Quantum cloud
- Professional services
- Companies
- Public companies
- Private companies
- Sector Scorecards
- Top 50 global TMT sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- IT services sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Glossary
- Further Reading
- GlobalDa8ta reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: What is the difference between classical computers and quantum computers?
- Table 2: Qubit architectures work and identifies the leading developers for each.
- Table 3: Technology trends
- Table 4: Macroeconomic trends
- Table 5: Foreign direct investment trends
- Table 6: M&A trends
- Table 7: Public companies
- Table 8: Private companies
- Table 9: Glossary
- Table 10: GlobalDa8ta reports
- List of Figures
- Figure 1: Who are the leading players in the quantum computing theme, and where do they sit in the value chain?
- Figure 2: Quantum computers handle information in a fundamentally different way from classical computers
- Figure 3: Quantum volume is a more comprehensive metric than qubit count
- Figure 4: Some start-ups are experiencing high year-on-year revenue growth as the market develops
- Figure 5: There is a large addressable market for quantum computing in cybersecurity
- Figure 6: Numerous countries are developing national quantum strategies
- Figure 7: The quantum computing story
- Figure 8: Venture financing has been increasing every year, surpassing $1 billion in 2023
- Figure 9: Noteworthy quantum computing venture financing deals
- Figure 10: Quantum computing patent publications increased between 2016 and 2022
- Figure 11: The US and China are leading in quantum computing patents
- Figure 12: Quantum computing mentions peaked in 2022
- Figure 13: Quantum computing mentions are dwarfed by mentions of other technology themes
- Figure 14: Quantum computing job postings have been falling since mid-2022
- Figure 15: Technology companies remain the biggest hirers as the quantum computing theme develops
- Figure 16: The quantum computing value chain
- Figure 17: Quantum infrastructure
- Figure 18: Quantum hardware platforms
- Figure 19: Quantum software
- Figure 20: Quantum applications
- Figure 21: Quantum services
- Figure 22: Who does what in the top 50 global TMT space?
- Figure 23: Thematic screen - Top 50 global TMT sector scorecard
- Figure 24: Valuation screen - Top 50 global TMT sector scorecard
- Figure 25: Risk screen - Top 50 global TMT sector scorecard
- Figure 26: Who does what in the IT services space?
- Figure 27: Thematic screen - IT services sector scorecard
- Figure 28: Valuation screen - IT services sector scorecard
- Figure 29: Risk screen - IT services sector scorecard
- Figure 30: Our five-step approach for generating a sector scorecard
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