Industrial Automation Magazine India

Quantum Computing Market Insights 2020-2025

Published on : Monday 03-02-2020

QC Professional Services will reach $512 million by 2025, growing at a CAGR of 73.5%; Leading services will be deployment, maintenance & consulting – Research and Markets.

Dublin, February 2020 – The "Quantum Computing Market by Technology, Infrastructure, Services, and Industry Verticals 2020 - 2025" report has been added to ResearchAndMarkets.com's offering.

This report assesses the technology, companies/organizations, R&D efforts, and potential solutions facilitated by quantum computing. The report provides global and regional forecasts as well as the outlook for quantum computing impact on infrastructure including hardware, software, applications, and services from 2020 to 2025. This includes the quantum computing market across major industry verticals.

While classical (non-quantum) computers make the modern digital world possible, there are many tasks that cannot be solved using conventional computational methods. This is because of limitations in processing power. For example, fourth-generation computers cannot perform multiple computations at one time with one processor. Physical phenomena at the nanoscale indicate that a quantum computer is capable of computational feats that are orders of magnitude greater than conventional methods.

This is due to the use of something referred to as a quantum bit (qubit), which may exist as a zero or one (as in classical computing) or may exist in two-states simultaneously (0 and 1 at the same time) due to the superposition principle of quantum physics. This enables greater processing power than the normal binary (zero only or one only) representation of data.

Whereas parallel computing is achieved in classical computers via linking processors together, quantum computers may conduct multiple computations with a single processor. This is referred to as quantum parallelism and is a major difference between hyper-fast quantum computers and speed-limited classical computers.