The Quantum Computing Market reached US$ 650.1 million in 2022 and is expected to reach US$ 8,788.8 million by 2031, growing with a CAGR of 38.9% during the forecast period 2024-2031.
Japan has unveiled a 256-qubit superconducting quantum computer, jointly developed by RIKEN and Fujitsu. This machine is now one of the most powerful quantum computers globally, quadrupling the capacity of the previous 64-qubit system.
It features a scalable 3D architecture that groups qubits into 4-qubit unit cells, enhancing expansion capabilities.
The system fits into the same cooling infrastructure used for smaller machines, thanks to a compact high-density design.
Unlock exclusive insights with our detailed sample report (Please enter your Corporate Email ID to get priority access):- https://datamintelligence.com/download-sample/quantum-computing-market?rk
Quantum computing is an advanced computing paradigm that leverages the principles of quantum mechanics, such as superposition and entanglement, to perform complex calculations at speeds far beyond the capabilities of classical computers. It uses quantum bits (qubits) instead of traditional binary bits, enabling simultaneous computation and exponential processing power, particularly valuable for solving problems in cryptography, material science, finance, and drug discovery.
Market Trends:
Growing Investment and Funding: Public and private sectors are heavily investing in quantum research and commercial applications, with numerous startups and tech giants accelerating their quantum initiatives.
Quantum-as-a-Service (QaaS): Cloud-based access to quantum computing platforms is gaining popularity, democratizing its availability to researchers and businesses without requiring specialized hardware.
Hybrid Quantum-Classical Systems: Integration of quantum processors with classical supercomputers is enabling faster problem-solving, especially in areas like machine learning, optimization, and simulations.
Quantum Software Development: Increased focus on developing quantum algorithms, compilers, and SDKs (like Qiskit, Cirq, and Ocean) to support the emerging ecosystem.
Quantum Computing Market: Industry Giants and Emerging Leaders:
IBM Quantum, Google, Honeywell, Rigetti Computing, Telstra Corporation Limited, IonQ Inc., Silicon Quantum Computing, Huawei Technologies Co. Ltd., Alphabet Inc., Rigetti & Co Inc., Microsoft Corporation, D-Wave Systems Inc. and Zapata Computing Inc.
Quantum Computing Industry News:
Japan News
1. Largest Superconducting Quantum Computer Launched
– A 256‐qubit superconducting quantum system, developed by RIKEN and Fujitsu, has been unveiled. It quadruples qubit density versus previous versions while maintaining ultra‐low temperatures and advanced packaging. Plans are underway to scale up to a 1,000‐qubit machine by 2026.
2. IBM Quantum System Two Moves to Japan
– IBM installed its first Quantum System Two outside the US at RIKEN’s facility in Kobe, featuring a 156‐qubit Heron processor tightly integrated with the Fugaku supercomputer, forming a powerful hybrid quantum‐classical computing platform.
3. Neutral‐Atom Quantum Machine Deployed
– QuEra installed its neutral‐atom quantum computer at Japan’s AIST center in Tsukuba, connected to the ABCI‐Q supercomputer. This marks QuEra’s first commercial deployment and supports Japan’s G‐QuAT quantum‐AI research initiative.
United States News
1. Quantum Computing Inc. Raises $200M
– Quantum Computing Inc. completed a $200 million private stock placement, boosting its cash reserves to over $350 million. Shares dipped slightly due to dilution concerns, but the funds will support commercialization efforts and its new chip foundry in Arizona.
2. U.S. Congressional Focus on Post‐Quantum Security
– A Congressional subcommittee, led by Representative Nancy Mace, held hearings emphasizing the urgency of transitioning to quantum‐safe cryptography to secure federal systems against future quantum threats.
3. DOE Funds New Quantum Initiatives
– The U.S. Department of Energy allocated roughly $71 million to support 25 high-energy physics projects leveraging quantum technologies, highlighting an increasing push toward applied quantum research.
4. IBM Maps Out Fault‐Tolerant Quantum Roadmap
– IBM introduced its “Quantum Starling” roadmap targeting a fault‐tolerant quantum computer by 2029, leveraging advanced error-correction codes and real‐time mitigation-a major milestone expected to boost developer and investor confidence.
Regional Analysis for Quantum Computing Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Stay informed with the latest industry insights-start your subscription now: https://www.datamintelligence.com/reports-subscription
Looking For Detailed Full Report? Get it here: https://datamintelligence.com/buy-now-page?report=quantum-computing-market
Contact Us –
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us –
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
This release was published on openPR.