Security News > 2021 > December > Quantum computing market to reach $8.6 billion in 2027

IDC published its forecast for the worldwide quantum computing market, projecting customer spend for quantum computing to grow from $412 million in 2020 to $8.6 billion in 2027.

The forecast includes core quantum computing as a service as well as enabling and adjacent quantum computing as a service.

Major breakthroughs in quantum computing technology, a maturing quantum computing as a service infrastructure and platform market, and the growth of performance intensive computing workloads suitable for quantum technology will drive the majority of the market growth over the forecast period.

Investments in the quantum computing market are expected to grow at a 6-year CAGR of 11.3% and reach nearly $16.4 billion by the end of 2027.

These investments are anticipated to cause current limited quantum computing capabilities to be replaced by a new generation of quantum computing solutions, leading to the development of new use cases and market segments that will accelerate the adoption of quantum computing to gain a competitive advantage.

"For many critical problems, classical computing will run out of steam in the next decade and we will see quantum computing take over as the next generation of performance-intensive computing," said Peter Rutten, global research lead for performance intensive computing at IDC. "Advances in quantum computing will be a drumbeat over time with the most distant advances being most relevant to the most complex problems. Organizations should start experimenting now using quantum road maps to guide their quantum journey," added Heather West, senior research analyst, Infrastructure Systems, Platforms and Technologies Group at IDC..

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https://www.helpnetsecurity.com/2021/12/06/quantum-computing-market-2027/