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Quantum Computing: Technologies and Global Markets to 2022LONDON, July 30, 2018 /PRNewswire/ -- Report Scope Some analysts believe the market to be larger, but their definition of the quantum computing market does not appear to meet BCC Research's definition of a commercial market. BCC Research expects the worldwide commercial market for quantum computing technologies to increase from REDACTED in 2016 to at least REDACTED in 2017 and REDACTED by 2022, a CAGR of REDACTED between 2017 and 2022.By 2027, the market is expected to grow to REDACTED, a REDACTED CAGR between 2022 and 2027. In contrast to the 2016 market estimates, BCC Research's projected growth rates are generally consistent with the CAGRs projected by other analysts. Reasons for Doing This Study 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. Download the full report: https://www.reportbuyer.com/product/5480379 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/quantum-computing-technologies-and-global-markets-to-2022-300688462.html SOURCE ReportBuyer |