Quantum startups receive significant investment ($248M in 2017)
"Startups working on designing chips, computers, or software for quantum computing received $248 million in funding last year, (2017) compared to just $43 million in 2016, according to CB Insights."
According to Tom Simonite, Wired Magazine, February 2, 2018, at 9am.
According to Tom Simonite, Wired Magazine, February 2, 2018, at 9am.
Australia funded AUS $83M of new commercial banking (government, academia and industry) to commercialize a quantum computer based on silicon. Managed by Silicon Quantum Computing Pty Ltd, "has a 5-year business plan to build a 10-qubit prototype quantum computer in silicon."
Top Vendors List (projected)
According to the 5 market analysts, and Chicago Quantum analysis, there are 37 potential 'leaders' or 'key players' in the quantum computing space (hardware, software and services). Fragmented future market.
Only 5 received votes from all 5 analysts: D-Wave Systems, Google, IBM, Microsoft, and Rigetti Computing.
What surprised me? I see 5 potential leaders not mentioned by any market analysts (Accenture, Alibaba Cloud, Amazon Web Services, Fujitsu IT Products, and Honeywell Quantum Solutions).
Nobody mentioned Chicago Quantum...yet :)
Here is the data:
Only 5 received votes from all 5 analysts: D-Wave Systems, Google, IBM, Microsoft, and Rigetti Computing.
What surprised me? I see 5 potential leaders not mentioned by any market analysts (Accenture, Alibaba Cloud, Amazon Web Services, Fujitsu IT Products, and Honeywell Quantum Solutions).
Nobody mentioned Chicago Quantum...yet :)
Here is the data:
| quantum_market_data_-_may_21_2019.numbers |
Quantum Computing market projection
(hardware, software, and services)
2017 - 2026: 42% CAGR
Total Revenue by 2027: $2.45B
Source: average CAGR and revenue, extrapolated, from 5 publicly available, high level industry analyst estimates
Source 1: BCC Research’s Quantum Computing: Technologies and Global Markets...industry anticipates a compound annual growth rate (CAGR) of 37.3 per cent to 2022, when it could be worth $161m...between 2022 and 2027, the market will see a CAGR approaching 53 per cent and be worth $1.3bn.
"Such profitability is likely to derive from a quantum computing industry formed around similar lines to IT and computing markets – hardware, software and services. The hardware has already started to arrive. "
"Such profitability is likely to derive from a quantum computing industry formed around similar lines to IT and computing markets – hardware, software and services. The hardware has already started to arrive. "
Source 2: Markets & Markets TM has also published a report recently, #144888301. Key points in the press release:
Sources: https://markets.businessinsider.com/news/stocks/quantum-computing-market-worth-495-3-million-usd-by-2023-1002245092 and https://www.marketsandmarkets.com/Market-Reports/quantum-computing-market-144888301.html
- Quantum Computing Market: Total market size: USD $88,400,000 in 2016, growing to USD $495,300,000 by 2023, at a CAGR of 29.04% between 2017 and 2023.
- Simulation (running quantum algorithms on classical computers) is expected to be a key market in quantum, and is provided by firms like D-Wave Systems Inc, 1QBit, QxBranch LLC will provide it in the next 4 years.
- Energy and Power industry CAGR 39.11% from 2017 to 2023, including energy exploration, seismic survey optimization, and reservoir optimization.
- Quantum software, offered by D-Wave Systems Inc., 1QBit Inc., QxBranch LLC, and QC Ware Corporation, to improve operational efficiencies of the quantum computer.
- "The major factors driving the growth of the quantum computing market include increasing incidences of cybercrimes, early adoption of quantum computing in the automotive and defense industry, and increasing investment by government entities in the quantum computing market. "
- Other players include: Research at Google Inc., MagiQ Technologies, Rigetti Computing, IBM Corporation, Station Q - Microsoft Corporation
- Revenue Source: Hardware, Software, Services
- Application: Simulation, Optimization, Sampling
Sources: https://markets.businessinsider.com/news/stocks/quantum-computing-market-worth-495-3-million-usd-by-2023-1002245092 and https://www.marketsandmarkets.com/Market-Reports/quantum-computing-market-144888301.html
Source 3: Data Bridge Market Report: Global Quantum Computing Market: USD $88.1 million in 2016, with a CAGR of 29.1% during the forecast period of 2019 to 2025.
Source 4: The Insight Partners published a report, ""Global Quantum Computing Market Analysis to 2027"
In the May 6, 2019 press release, a few tidbits:
The global quantum computing market is expected to witness high growth during the forecast period.
The global quantum computing market segmentation: Applications are simulation, optimization, and sampling, and Industries are A&D, BFSI, Energy & Power, Transportation, Healthcare, IT & Telecommunication, and others.
In the May 6, 2019 press release, a few tidbits:
The global quantum computing market is expected to witness high growth during the forecast period.
The global quantum computing market segmentation: Applications are simulation, optimization, and sampling, and Industries are A&D, BFSI, Energy & Power, Transportation, Healthcare, IT & Telecommunication, and others.
US Congressional Research Service published its analysis of quantum information science (Dec 14, 2018, Ver. 4), and legislative status. It discusses that despite the significant research to date by government laboratories, university departments, and large and start-up technology companies, "it is unlikely that any commercial quantum computing will be widely available before 2025."
Source: https://crsreports.congress.gov/product/pdf/R/R45409,,
Source: https://crsreports.congress.gov/product/pdf/R/R45409,,
Source 5: Tractica research: $39.2M in 2017 growing to $2.2B by 2025.
“Presently, there is very little actual quantum computing product that can be purchased,” says principal analyst Keith Kirkpatrick. “Even by 2025, it is highly unlikely that most Fortune 500 companies will be lining up to purchase a quantum computer. As such, much of the revenue in the market will be generated by services, including general consulting services that are provided by vendors, professional services firms, and third-party industry consultants.”
Source of quote: https://www.tractica.com/newsroom/press-releases/enterprise-quantum-computing-market-to-reach-2-2-billion-by-2025/
Source 6: Kenneth Research sees the global quantum computing market will grow at a CAGR of 24.6% throughout 2018-2024, as published in the report: Quantum Computing Technologies & Global Market – 2017-2024
Source: https://askindustrynews.com/87176/quantum-computing-market-technologies-will-grow-at-impressive-cagr-of-24-6-by-2024/
Source: https://amarketresearchgazette.com/global-quantum-computing-market-will-multiply-at-impressive-cagr-of-24-6-by-2024-top-key-players-are-raytheon-bbn-sequrenet-sk-telecom-toshiba-and-xanadu/
Source: https://askindustrynews.com/87176/quantum-computing-market-technologies-will-grow-at-impressive-cagr-of-24-6-by-2024/
Source: https://amarketresearchgazette.com/global-quantum-computing-market-will-multiply-at-impressive-cagr-of-24-6-by-2024-top-key-players-are-raytheon-bbn-sequrenet-sk-telecom-toshiba-and-xanadu/
Source 7: Market Expertz has a base year 2018 research report. The three main types of quantum computers are: "- Topological Qubits Technology, Superconducting Loops Technology, and Trapped Ion Technology
April 2019 Report Source: https://www.marketexpertz.com/industry-overview/quantum-computing-market
April 2019 Report Source: https://www.marketexpertz.com/industry-overview/quantum-computing-market