Quantum Computing (2024) - Thematic Research

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 Alibaba and Baidu have notably withdrawn from the market, dedicating state-of-the-art equipment to China’s national institutions.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.


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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