The quantum computing market is set to revolutionize modern computing, with expectations to exceed $21 billion by 2046, growing at a CAGR of 26.7%. Recent advancements have brought quantum computing closer to solving complex computational problems, such as drug discovery and logistics optimization. The industry is at a pivotal moment, needing to prove scalability and secure early adopters to justify the substantial investments made. Predictions suggest commercially relevant quantum computing could arrive before 2030.
The report offers insights into the eight leading quantum computing technologies and uses the Quantum Commercial Readiness Level (QCRL) to measure industry progress. Quantum computers are expected to reach significant commercial milestones by the end of the decade, with versatile deployment anticipated by 2034. The report also examines the relationship between quantum computing, AI, and the data center industry, highlighting the “quantum as a service” model as a key enabler for global rollout.
Governments and tech giants like Microsoft and Google are shaping the future of quantum computing, with strategies focusing on both hardware development and service platforms. The report analyzes the impact of quantum computing on data centers and the broader tech ecosystem, providing actionable insights for stakeholders interested in the industry. Key questions addressed include the current state of quantum computing, its applications, industry benchmarks, and the evolving market landscape.
