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Quantum Software in 2022: What it is & How it Works.You may also like these articles if you want to learn more on quantum computing: Cambridge Quantum Computing (CQC): $48M in 7 rounds (Crunchbase).The University of Oxford (UK) is the entity that has gained the most public funding: $117.59 M for 62 grants ( PwC).Rigetti Computing: $198.5M in 9 rounds(Crunchbase).D-Wave is the most funded private quantum computing company with $216M in 19 rounds (Crunchbase).It takes 10 years for Boolean logic computers to complete a task the latest Google quantum computers do in 3 seconds.The United States follows China with ~2500 publications. As of 2018, China leads in publications on quantum computing ~3000 scientific publications.In 2011, the world’s first commercial quantum annealing machine, operating on a 128-qubit, was developed by D-Wave and its price was about US$10,000,000.The highest temperature that quantum computer chips have been operated is -272☌. Quantum computing requires a cold operating environment since particles must be in a stationary phase to be measured.Quantum computing as an alternative to classical computing was thought up by physicist Richard Feynman in 1982.
Finance (28%), global energy and materials (16%), and advanced tech sectors are the most applicable industries for quantum computing.The number of qubits in quantum computers has been increasing dramatically from 2 qubits in 1998 to 128 qubits in 2019.Out of the players working on and innovating in quantum computing, the majority are startups (40%) and universities (33%) ( PwC).There could be between 2,000 and 5,000 quantum computers worldwide by 2030.They also estimate $2 billion to $3 billion economic impacts of related technologies for the automotive industry by 2030. Mckinsey claims that automotive will be one of the primary value pools for quantum computing with a high impact noticeable by about 2025.The Global Quantum Computing Market was valued at USD 89 million in 2016 and is projected to reach USD 949 million by 2025, growing at a CAGR of 30% from 2017 to 2025 ( MarketWatch).We have compiled predictions & facts about the field: Market size forecasts
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To understand the potential of quantum computing (QC), feel free to read our research on QC and its applications. Quantum computing is an emerging field that has the potential to fundamentally change computing and build smarter machines.
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