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The quantum computing forecast: Services to reach $15bn by 2028

August 24, 2018 / David H Deans

For decades, Moore's Law has been driving the advancement of traditional computing systems development, leading to the proliferation of smart devices at the edge and centralised cloud computing. However, we're now reaching the limits of legacy computing technology, and the search for another high-performance computing platform has begun. Quantum computing is the next-generation. Total revenues generated from quantum computing services will exceed $15 billion by 2028, according to the latest worldwide market study by ABI Research. Most of these services will be cloud-based offerings. The demand for quantum computing services will be driven by some process hungry research and development projects as well as by the emergence of several applications including advanced artificial intelligence algorithms, next-generation cyber security encryption, traffic routing and scheduling, protein synthesis, and/or the design of advanced chemicals and materials. These applications require a new...