Quantum Computer Market to Reach US.9 billion by 2023, says new CIR Report
CHARLOTTESVILLE, Va., Feb. 05, 2018 (GLOBE NEWSWIRE) — In its just-released report, “Quantum Computing: Applications, Software and End-User Markets: 2018-2027,” Communications Industry Researchers (CIR) pegs revenues from quantum computing at US$1.9 billion in 2023, increasing to US$8.0 billion by 2027.
This report focuses on opportunities from quantum computing software and cloud services as well as the computers themselves. Applications/end user communities analyzed include Web search, materials/drug design, financial services, general business planning, healthcare, transportation and the energy industry. This is in addition to coverage of “traditional” markets for quantum computing in aerospace, defense and R&D.
In 2017, CIR published two reports on markets for quantum encryption and quantum networking. It now offers full coverage of quantum technology markets in a program that will include reports, market analysis, forecasting and due diligence appraisal of quantum computing, quantum networking, quantum sensor and quantum components opportunities. The full program can be located at:
According to Lawrence Gasman, the author of this report, 2018 will see a new era for quantum computing. “IBM, Google and Microsoft, have made quantum computing a central part of their enterprise computing strategy,” says Gasman. “In the next year or so, problems that cannot be solved using classical supercomputers will find solutions using quantum computers.” Gasman spoke at the recent Q2B Quantum Computing for Business conference — the first conference to focus on quantum computing as a business, rather than just a technical topic. He has personally tracked the evolution of quantum computers for 20 years.
About the Report:
The new CIR report identifies the main future inflection points for quantum computing markets and determines adoption timeframes for key end user communities. For marketing strategists, product managers and investors interested in where the money will be made in quantum computing, the report answers the following questions:
This report includes ten-year revenue forecasts for quantum computing applications with breakouts by hardware, software, services, geography and end user. These forecasts are the most realistic available. Other forecasters apparently confuse government funding with business revenues – leading to exaggerated estimates for quantum computing markets.
From the report:
Communications Industry Researchers (CIR) has published hype-free industry analysis for the optical networking and enterprise computing for almost 30 years. Visit www.cir-inc.com for a full listing of CIR’s reports and other services.
Source: Av News Feed