WASHINGTON, June 14, 2017 /PRNewswire-USNewswire/ -- A recent Quantum Computing Technologies & Global Market – 2017-2024 report reveals that we are in the midst of a U.S. and China "Quantum Computing Arms Race" one that will result in groundbreaking computing power, enabling disruptive new quantum computing technologies. Those will have the potential to change long-held dynamics in commerce, intelligence, military affairs and strategic balance of power. In the near future, the realization of quantum computing will lead to a revolutionary computing power, with wide-reaching transformational applications.
According to the 2-volume, 529-page, 242 figures & tables landmark report, this race is projected to propel the Quantum Computing Market size to $10.7 billion by 2024, out of which $8.45 billion stemming from product sales and services and $2.25 billion from government-funded Quantum Computers, Quantum Computation, Quantum Information, Quantum Processor, Quantum Software and Quantum Cryptography R&D programs.
If you have been paying attention to the news on the quantum computing industry and the evolution of 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 world.
In a way that was unheard of five years ago, quantum physicists are now partnering with corporate tech giants, to develop quantum computing as the foundation of a second information age. Eighteen of the world's largest corporations (e.g., Lockheed Martin, IBM, Google, NEC, HP, Toshiba, Intel, Mitsubishi, Alibaba, Microsoft, SK telecom, BAH, KPN, Airbus, Raytheon, NTT, Fujitsu, and BT) and dozens of government agencies are working on quantum computing or partnering with startups such as D-Wave.
Near-term expectations for quantum computing range from solving optimization problems, big data analytics and artificial intelligence through quantum computing services in the cloud.
Explore more HSRC reports at: http://www.homelandsecurityresearch.com.
About Homeland Security Research Corp. (HSRC)
HSRC is an international market and technology research firm. HSRC provides premium off-the-shelf and customized market reports on present and emerging technologies and industry expertise, enabling global clients to gain time-critical insight into business opportunities. HSRC's clients include over 750 Forbes Global 2000 private sector clients (72% repeat customers), the U.S. Congress, DOD and NATO, among others. HSRC earned the reputation as the Gold Standard for present and emerging technologies market reports.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-us-and-china-quantum-computing-arms-race-will-change-long-held-dynamics-in-commerce-intelligence-military-affairs-and-strategic-balance-of-power-300473881.html
SOURCE Homeland Security Research Corp. (HSRC)