World News: 09:21 GMT Friday 10th August 2018. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Aug. 10, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering.The market for quantum computing technologies was in its infancy in 2016. Some analysts believe the market to be larger, but their definition of the quantum computing market does not appear to meet the publisher's definition of a commercial market.
This research expects the worldwide commercial market for quantum computing technologies to increase in 2017. In contrast to the 2016 market estimates, the publisher's projected growth rates are generally consistent with the CAGRs projected by other analysts.Until recently, quantum computing was confined to the laboratory, with many experts predicting that commercial applications of quantum computing were years away. However, at the time this report was written in 2017, there was a growing consensus that the industry is on the verge of a breakout in quantum computing.D-Wave, a Canadian company, has been selling quantum computers since 2010, but its computers are only capable of solving a limited range of problems. Other firms, including IBM, Alphabet Inc.'s Google, Rigetti Computing of San Francisco, are developing so-called universal quantum computers, which will be capable of solving a wider range of problems.Early in 2017, IBM introduced IBM Q, the first commercial universal quantum computer, which it plans to offer to fee-paying users in the near future. The earliest versions of IBM Q will not outperform conventional computers, but IBM hopes that the system will help to develop a market for future quantum computers that will be able to handle complex calculations beyond the capabilities of conventional computers.While these advances in quantum computing hold out the possibility of technology millions of times more powerful than conventional computers, the key to commercial success will be in applying quantum computing to real-world problems. Therefore, this study focuses on future applications for quantum computing as a basis for understanding the potential market for quantum computers, related software and services.
2 Summary and Highlights3 Market and Technology Background
4 Market Breakdown by Technology
5 Market Breakdown by End Use
6 Market Breakdown by Application
7 Market Breakdown by Region
8 Patent Review/New Developments
9 Analysis of Market Opportunities
10 Sources of Financing
11 Company Profiles
12 Patent Portfolios
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Related Topics: Computing
Globe Newswire: 09:21 GMT Friday 10th August 2018
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