Global investment exceeds $35.5B, with the market projected to reach $234.06B by 2032 led by North America and dominated by IBM, Google, Microsoft, and Honeywell; cloud quantum could reach $6,289.8M by 2030 at 35.5% CAGR led by North America and research/academia, while 2022 startups raised $2.35B and ~1,600 patents were issued.

In the U.S., industrial maturity is high led by IBM, whose Quantum Network has 250 members across the U.S., Japan, Canada, Germany, Australia, and Korea; the U.S. plans $170B for precision tech including quantum, Colorado’s Elevate Quantum targets $1B impact and 10,000 jobs with $40.5M federal and $74M state support, and Canada plays a strong role in North America’s leadership and the cloud quantum market. [2].

China is investing at least $15.3B and accounts for 37% of global patent applications; it deployed the third‑generation autonomous superconducting system Origin Wukong with 72 chips serving users in 120 countries with over 178,000 tasks, achieved Jiuzhang‑3 sampling in 1 microsecond with a 100‑million‑fold speedup, and established full delivery capacity including its first superconducting cloud quantum computer. [5][8].

The UK runs a £2.5B program including a £1B 17‑university collaboration; Germany committed €2B to build a national quantum computer within five years; Finland’s IQM and Bluefors link HELMI to LUMI; France launched a National Quantum Computing Platform and deeper European integration; and Oxford Quantum Circuits delivers hardware via AWS and, with AWS and Accenture, is prominent in cloud quantum. [10][1][11][12][13][4].

Global investment exceeds $35.5B, with the market projected to reach $234.06B by 2032 led by North America and dominated by IBM, Google, Microsoft, and Honeywell; cloud quantum could reach $6,289.8M by 2030 at 35.5% CAGR led by North America and research/academia, while 2022 startups raised $2.35B and ~1,600 patents were issued.

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Colorado leads the world in quantum tech. Now its potential is growing.

"If we want to live in the Jetsons Age, we've got to get this right," says regional innovation officer with Elevate Quantum
Posted at 10:08 AM, Jul 09, 2024

BROOMFIELD, Colo. — In an unassuming brick building in northern Colorado’s City of Broomfield, a new technology is harnessing the power of the very smallest particles and waves to solve our biggest problems.

On small golden chips, tiny particles known as “quantum bits” or “qubits” are trapped above the surface. Lasers and voltages move those qubits around, powering the computer of the future.

What will it mean?

“Faster discovery,” said Dr. Jenni Strabley who works with Quantinuum, the world’s biggest integrated quantum computing company.

Colorado already leads the world when it comes to quantum technology. Now, new investments in the Mountain West’s quantum tech hub are expanding its potential to transform everything from our health to our national security.

"If we want to live in the Jetsons Age, we’ve got to get this right,” said Zachary Yerushalmi, chief executive and regional innovation officer for Elevate Quantum.

"The quantum community in Colorado has a gravity around it really unlike anywhere else on the planet," Yerushalmi said. "We have more organizations, more jobs, more Nobel Prizes than any other."

But to take these innovations to the next level, Yerushalmi said collaboration is key.

Local

Quantum computer technology growing in Colorado

Amy Wadas
5:26 AM, Oct 12, 2022

Elevate Quantum is the largest regional consortium of researchers and companies working together on quantum technology in the United States. And it’s set to keep growing. The Biden Administration recognized Elevate Quantum as a designated Tech Hub late last year, and the federal government will soon invest $40.5 million in funding through the Economic Development Administration.

On top of that, Colorado is investing $74 million in state support, including $44 million in refundable tax credits to help pay for a shared quantum research facility and $30 million to help smaller Colorado quantum companies access capital through a loan loss reserve.

Colorado Gov. Jared Polis expects these investments in quantum technology to create more than 10,000 jobs and $1 billion in economic impact statewide.

But what does quantum tech mean for the average person?

“Quantum has been shaping our lives for a while, on an everyday basis,” Yerushalmi said.

The atomic clock makes our internet connection and GPS systems possible.

With emerging quantum tech, “literally any scientific promise that people think of” is within reach, he said.

Quantum has the potential to help us cure diseases like cancer and Alzheimer’s, to create batteries that last an incredibly long time without needing to charge, to take artificial intelligence to the next level and even to upend our cybersecurity abilities.

"Us having these capabilities first is fundamental to national security,” Yerushalmi said.

“The job is to stay on top,” he said, by staying together.

“Looking at history, that's how it's been done. Whether it be the Manhattan Project, whether it be the Apollo Project. It was seen as, ‘Look, guys, we just got to make it happen.’ So that's what we're doing,” Yerushalmi said.

Quantinuum is one of the companies joining this collaboration.

“This is a difficult technology to develop,” said Quantinuum’s Dr. Strabley.

Quantum computers are expensive to fabricate and take skilled workers to operate, which is why the new investments will focus on making tech many researchers can share and training Coloradans who can fill these jobs.

Dr. Strabley said Quantinuum already shares its quantum computers’ capabilities by solving complex problems for clients.

You can think of scientific questions as a maze. A classic computer operates a lot like us — it will look at the maze and take one path, then another, trying out every possible path until it solves the problem. But a quantum computer is so powerful, it can basically solve the whole maze all at once.

As the technology advances, Dr. Strabley said it will become faster and less energy-intensive to solve problems, including ones a classic computer can’t handle at all.

She said almost all discoveries start with simulations or models. Since quantum computing will eventually be able to model things very quickly, new discoveries will come faster and faster.

“Maybe it's chemistry, maybe it's machine learning, maybe it's AI,” she said.

Dr. Brian Neyenhuis, another scientist at Quantinuum leading the team that operates their commercial quantum computers, said “day to day, there's a lot of things going on here in Colorado.”

In the control room, an array of screens help Dr. Neyenhuis and his team constantly monitor how their quantum computers are doing, so they can regulate everything from the temperature in the room to the lasers shining on the chips to manipulate the “qubits.”

For now, the computers fill a large room next door. The quantum chips are placed at the center of tables, surrounded by wires and hidden behind thick black curtains meant to protect scientists’ eyes from blinding laser beams. Someday, the technology might shrink down in size and grow in capability — a lot like the computers we now hold in the palm of our hands.

"I've been dreaming about this stuff since I took my first physics classes in college, to be able to just take an individual atom and manipulate it. It's such a clean system,” Dr. Neyenhuis said. “That's quite beautiful.”

Colorado leads the world in quantum tech. Now its potential is growing.

Reflecting On 30 Years Of Service

Bob Chastain has spent the last 3 decades of his career at the Cheyenne Mountain Zoo in Colorado Springs. He's quick to tell you a story about each animal, most of them orphans, and how they got here.

Bob Chastain: 30 years of change at the Cheyenne Mountain Zoo

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What companies are leading in developing quantum computing?

What countries and blocs are leading in developing quantum computing?

In the U.S., industrial maturity is high led by IBM, whose Quantum Network has 250 members across the U.S., Japan, Canada, Germany, Australia, and Korea; the U.S. plans $170B for precision tech including quantum, Colorado’s Elevate Quantum targets $1B impact and 10,000 jobs with $40.5M federal and $74M state support, and Canada plays a strong role in North America’s leadership and the cloud quantum market. [2].

China is investing at least $15.3B and accounts for 37% of global patent applications; it deployed the third‑generation autonomous superconducting system Origin Wukong with 72 chips serving users in 120 countries with over 178,000 tasks, achieved Jiuzhang‑3 sampling in 1 microsecond with a 100‑million‑fold speedup, and established full delivery capacity including its first superconducting cloud quantum computer. [5][8].

Title:

Content: People 's Daily Online > > Economy and Technology
The world 's third! China has the complete delivery capacity of quantum computer
January 30, 2023 08: 48 | Source: Science and Technology Daily
Small number
Science and Technology Daily News (Reporter Wu Changfeng) In the recently released sci-fi movie "Wandering Earth 2", there is a MOSS, the highest computing power intelligent quantum computer known as "the most valuable prop in the field", which can meet tens of thousands of engines working together, and support the computing power required for the "digital life" program.
In fact, quantum computers are not science fiction. On January 28, the reporter learned from the Anhui Province Quantum Computing Engineering Research Center that Hefei Origin Quantum has developed a number of Chinese quantum computers and successfully delivered a quantum computer to users.
The successful delivery of the quantum computer makes China the third country in the world with the ability to deliver the complete quantum computer.
This is China's "quantum superiority" after the realization of the "quantum superiority", once again established the leading position in the international quantum computing research field.
"More than 100 quantum computing companies in the world have invested huge human and material resources in the development of quantum computing, Canada 's quantum computing company sold its first quantum computer in 2011, IBM in the United States in 2019 to deliver its commercial quantum computer, Chinese company origin quantum computer in 2021 has been delivered to users." The addition will accelerate the development of a practical universal quantum computer.
It is understood that Benyuan Quantum is the first quantum computing company in China, which has launched the first domestic superconducting quantum computer Benyuan in 2020, and provides quantum computing services to global users through the cloud platform; in 2022, it released the first domestic quantum computer and supercomputer collaborative computing system solution, which can play the advantages of quantum computers and supercomputers in both directions.
(Editor: Wang Zhen, Chen Jian)
Public Number ： People 's Network Finance
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How much have countries and blocs invested in quantum computing?

What advantages do quantum computers have over conventional computers?

What are important areas in quantum research?

What countries and blocs are leading in developing quantum computing?

What seminal quantum computers/ processors have been developed?

The UK runs a £2.5B program including a £1B 17‑university collaboration; Germany committed €2B to build a national quantum computer within five years; Finland’s IQM and Bluefors link HELMI to LUMI; France launched a National Quantum Computing Platform and deeper European integration; and Oxford Quantum Circuits delivers hardware via AWS and, with AWS and Accenture, is prominent in cloud quantum. [10][1][11][12][13][4].

Title:

Content: Cloud-based Quantum Computing Market projected to reach USD 6,289.8 Million by 2030, growing at a CAGR of 35.5% during the forecast period of 2023-2030 - says MarketDigits in its latest study

The Global Cloud-based Quantum Computing Market was valued USD 750 Million in 2023 and projected to reach USD 6,289.8 Million by 2030, growing at a CAGR of 35.5% during the forecast period of 2023-2030

Richmond, Jan. 02, 2024 (GLOBE NEWSWIRE) -- According to a research report "Cloud-based Quantum Computing Market, by Offering (Service, Software), Technology (Trapped Ions, Quantum Annealing, Superconducting Qubits, Other Technologies, Others), Application (Encryption, Optimization, Sampling, Simulation), Industry Vertical (BFSI, Healthcare and Pharmaceuticals, Aerospace and Defense, Research and Academia, Manufacturing, Transportation and Logistics, Others), and Region - Global Forecast to 2030.

Global Cloud-based Quantum Computing Market Report Scope:

Report Details
Market size value in 2023 USD 750 Million
Market size value in 2030 USD 6,289.8 Million
CAGR (2023-2030) 35.5%
Forecast Period 2023–2030
Historic Data 2019
Forecast Units Value (USD Million/USD Billion)
Segments Covered Offering, Technology, Application, End User and Region
Geographies Covered North America, Europe, Asia Pacific, and RoW

  • Accenture

  • AWS (Amazon Web Services)
Sample of Companies Covered
  • Baidu

  • Cambridge Quantum Computing

  • D-Wave Quantum Inc.

Download the Sample - https://www.marketdigits.com/request/sample/1108

TOC Covers in Depth & Breath on Cloud-based Quantum Computing Market
170 - Market Data Tables
65 - List of Figures
225 – Pages

The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits.

Market Overview

Cloud-based quantum computing enables remote access to quantum processors and algorithms, revolutionizing computation for diverse applications via online platforms. The cloud-based quantum computing market is experiencing unprecedented growth as organizations seek to harness the immense computational power of quantum processors through convenient and scalable cloud services. This market evolution marks a paradigm shift in computing capabilities, with leading tech companies investing heavily in quantum research and development. Quantum computing leverages the principles of superposition and entanglement to perform complex calculations at speeds unattainable by classical computers. Cloud-based offerings democratize access to quantum resources, allowing businesses to explore and experiment without the need for extensive on-premises infrastructure. As a result, a diverse range of industries, including finance, healthcare, and logistics, are exploring quantum solutions for optimization, simulation, and machine learning applications. The market's trajectory is driven by a convergence of technological advancements, increased investments, and a growing ecosystem of quantum developers and users, positioning cloud-based quantum computing as a transformative force in the future of information processing.

Major Vendors In The Global Cloud-Based Quantum Computing Market:

  • Accenture
  • Amazon Web Services (AWS)
  • Baidu
  • Cambridge Quantum Computing
  • D-Wave Quantum Inc.
  • D-Wave Systems
  • Fujitsu
  • Google
  • Honeywell
  • Huawei Technologies Co.
  • IBM
  • 1QBIT
  • Microsoft
  • QC Ware
  • Riverlane
  • Rigetti Computing
  • T-Systems International GmbH
  • Zapata Computing

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Increasing demand for advanced computational capabilities

The escalating demand for advanced computational capabilities stands as a pivotal driver propelling the cloud-based quantum computing market into prominence. As traditional computing architectures face limitations in solving complex problems, organizations across various sectors are turning to quantum computing to address challenges that were once deemed insurmountable. Cloud-based quantum computing offers a scalable and accessible solution, allowing businesses to harness the extraordinary processing power of quantum processors without the need for significant on-premises infrastructure investments. This surge in demand is fueled by the recognition that quantum algorithms have the potential to outperform classical counterparts in areas such as optimization, cryptography, and machine learning. The advent of cloud-based services democratizes access to quantum resources, empowering a diverse range of industries to explore novel solutions and stay at the forefront of technological innovation in the pursuit of solving complex problems more efficiently and effectively.

Market Dynamics

Drivers:

  • Increasing demand for advanced computational capabilities
  • Growing demand for faster data operations, secure data transfer, and communications

Opportunities:

  • Recent advances in cloud-based quantum computing
  • Growing adoption of quantum computing solutions across several verticals

Recent advances in cloud-based quantum computing

Recent advances in cloud-based quantum computing present a significant opportunity for the quantum computing market, opening new frontiers in computation and problem-solving. The integration of cutting-edge technologies into cloud services has enhanced the accessibility and usability of quantum computing resources. Cloud providers are actively investing in infrastructure, algorithms, and developer tools, making quantum computing capabilities more user-friendly and scalable. This progress is fostering a conducive environment for experimentation and innovation, attracting a broader spectrum of users from diverse industries. As cloud-based quantum computing platforms evolve, they offer businesses the chance to explore and harness the potential of quantum algorithms without the need for substantial in-house expertise or infrastructure. This opportunity not only accelerates the adoption of quantum technologies but also democratizes access, empowering organizations to leverage the transformative power of quantum computing to solve complex problems and gain a competitive edge in the rapidly advancing digital landscape.

The market for Cloud-based Quantum Computing is dominated by North America.

North America stands as the dominant force in the Cloud-based Quantum Computing market, with the United States and Canada playing pivotal roles. The region's leadership is attributed to the robust presence of major quantum computing players, significant research and development initiatives, and a burgeoning tech ecosystem. In the United States, companies like IBM, Google, and Rigetti Computing have spearheaded quantum advancements, while Canada boasts prominent players like D-Wave. The strategic collaboration between academia, government, and industry in North America has positioned the region as a global hub for quantum computing innovation, solidifying its preeminence in driving the growth and development of cloud-based quantum computing solutions.

The research and academia Segment is Anticipated to Hold the Largest Market Share During the Forecast Period

Based on Industry Vertical the Cloud-based Quantum Computing Market is segmented into BFSI, Healthcare and Pharmaceuticals, Aerospace and Defense, Research and Academia, Manufacturing, Transportation and Logistics, Others. The research and academia segment is poised to maintain its dominance, holding the largest market size in the Cloud-based Quantum Computing sector throughout the forecast period. This prominence can be attributed to the active involvement of research institutions and academic entities in advancing quantum technologies. These stakeholders play a crucial role in driving innovation, developing quantum algorithms, and educating the workforce. Cloud-based platforms offer an accessible environment for researchers and students to experiment with quantum computing, fostering collaboration and knowledge exchange. As a result, the research and academia segment continues to lead, shaping the trajectory of Cloud-based Quantum Computing's market growth.

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What countries and blocs are leading in developing quantum computing?