WASHINGTON, April 19, 2017 /PRNewswire-USNewswire/ -- A recent report reveals that we are in the midst of a "Quantum Computing Supremacy Race," one that will result in groundbreaking computing power, enabling disruptive new quantum computing technologies. Those have the potential to change long-held dynamics in commerce, intelligence, military affairs, and strategic balance of power. This race is projected to propel the Quantum Computing Technologies & Global Market to $10.7 billion by 2024.
If you have been paying attention to the news on quantum computing and the evolution of industrial and national efforts towards realizing a scalable, fault-tolerant quantum computer that can tackle problems unmanageable to current supercomputing capabilities - then you know that something big is stirring throughout the quantum world.
Near-term expectations for quantum computing range from solving optimization problems, quantum-encrypted communications, artificial intelligence, smart manufacturing & logistics and smart retail, through quantum computing in the cloud and molecular structure research.
According to the 2-volume 520-page, 204 figures & tables landmark report, "Quantum Computing Technologies & Market", the global Quantum Computing Market will reach $10.7 billion by 2024, out of which $8.45 billion stemming from product sales and services and $2.25 billion from Gov. RDT&E programs and funding.
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