Strategic Intelligence: Quantum Computing

Strategic Intelligence: Quantum Computing

Summary

Quantum computers use the properties of quantum physics to store data and perform computations. The difficulties inherent in tackling the engineering problems this presents led to a period of market stagnation after excess hype, with pre-revenue companies struggling to commercialize. GlobalData believes that quantum computing has matured sufficiently to emerge from its brief winter. By 2030, the key dilemma of quantum coherence will be solved, thereby hastening development.

Key Highlights

  • China has made enormous strides in catching up with the US in quantum expertise. In 2024, the two countries stand almost neck and neck, albeit with very different strategies. Private companies lead the way in the US; 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 Alibaba and Baidu have notably withdrawn from the market, dedicating state-of-the-art equipment to China’s national institutions.
  • Quantum error correction is a crucial technique for maintaining the integrity of quantum computations over time, enabling the execution of complex algorithms that require long coherence times. Google’s Willow chip is a significant advancement in this field, as it incorporates error correction techniques to improve the fidelity and scalability of quantum processors.
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.


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
Quantum communications
Timeline
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 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
Semiconductors sector scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Glossary
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Technology Briefing
Table 2: Qubit architectures work and identifies the leading developers
Table 3: Technology trends
Table 4: Macroeconomic trends
Table 5: Public companies
Table 6: Private companies
Table 7: Glossary
Table 8: GlobalData 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: Fluctuation in revenue growth is to be expected 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: IBM, Cleveland Clinic, and RIKEN are exploring chemistry research with hybrid quantum and classical computing
Figure 8: Before its acquisition by IonQ in May 2025, ID Quantique had a multi-year partnership with SK Telecom to provide quantum-safe security solutions across seven key networks
Figure 9: HSBC is targeting multiple use cases as it explores quantum computing within finance
Figure 10: In May 2025, Quandela launched Belenos, its latest photonic quantum computer
Figure 11: The quantum computing story
Figure 12: The quantum computing value chain
Figure 13: Quantum infrastructure
Figure 14: uantum hardware platforms
Figure 15: Quantum software
Figure 16: Quantum applications
Figure 17: Quantum services
Figure 18: Who does what in the global TMT top 50?
Figure 19: Thematic screen - Top 50 global TMT sector scorecard
Figure 20: Valuation screen - Top 50 global TMT sector scorecard
Figure 21: Risk screen - Top 50 global TMT sector scorecard
Figure 22: Who does what in the semiconductors space?
Figure 23: Thematic screen - Semiconductors sector scorecard
Figure 24: Valuation screen - Semiconductors sector scorecard
Figure 25: Risk screen - Semiconductors sector scorecard
Figure 26: Our five-step approach for generating a sector scorecard

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