The quantum computing market is projected to reach $64.98 billion by 2030.
Companies like Microsoft, Google, and Intel are racing to build quantum computing tools.
This article is part of a series about cloud technology called At Cloud Speed.
Today, our phones are millions of times more powerful than the computers that landed Apollo 11 on the moon.
Technologists are now exploring the power of quantum computers that are 100 million times faster than any classical computer that will, in theory, be able to solve computation problems deemed impossible today. The appeal of quantum computers is the promise of helping to quickly answer questions so difficult that it would take decades for today s computers to solve.
French President Emmanuel Macron detailing France’s Quantum Strategy in Paris-Saclay (Source: L’Elysée)
Ranging from the winners of the Nobel Prize in Physics Albert Fert and Serge Haroche,1 who developed spintronics and cavity quantum electrodynamics,2 to CNRS Gold Medallist Alain Aspect s pioneering research on quantum entanglement and the quantum simulators developed by the digital transformation company Atos, France has recognised expertise in the field of quantum technology, and intends to remain an essential player in international competition. In this effort, the French President Emmanuel Macron recently unveiled a wide-ranging Quantum Plan, which was eagerly awaited by the French scientific community, but whose announcement was long delayed due to the health and economic crisis.
21.02.2021
21.02.2021 Increasing battery and fuel cell power with quantum computing
DLR is using a quantum computer to simulate electrochemical processes in batteries and fuel cells. Focus: Energy, digitalisation, quantum computing, energy storage, energy efficiency, hydrogen.
The German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt; DLR) is conducting research into new materials for more powerful batteries and fuel cells. DLR scientists are now using a quantum computer to simulate electrochemical processes within energy storage systems. This makes it possible to design the materials used in such a way that the performance and energy density of batteries and fuel cells increase significantly.
tanmayFebruary 19, 2021
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The Global Quantum Computing Market is expected to grow from USD 472 million in 2021 to USD 1,765 million by 2026, at a CAGR of 30.2%.
The early adoption of quantum computing in the banking and finance sector is expected to fuel the growth of the market globally. Other key factors contributing to the growth of the quantum computing market include rising investments by governments of different countries to carry out research and development activities related to quantum computing technology.
Several companies are focusing on the adoption of QCaaS post-COVID-19. This, in turn, is expected to contribute to the growth of the quantum computing market. However, stability and error correction issues is expected to restrain the growth of the market.