The U.S. and China ” Quantum Computing Arms Race” Will Change Long-Held Dynamics in Commerce, Intelligence, Military Affairs and Strategic Balance of Power

WASHINGTON DC, JUNE 14, 2017

A recent Quantum Computing Technologies & Global Market ““ 2017-2024 report

reveals that we are in the midst of a U.S. and China ” Quantum Computing Arms Race”

one that will result in groundbreaking computing power, enabling disruptive new

quantum computing technologies. Those will have the potential to change long-held

dynamics in commerce, intelligence, military affairs and strategic balance of power. In

the near future, the realization of quantum computing will lead to a revolutionary

computing power, with wide-reaching transformational applications.

According to the 2-volume, 529-page, 242 figures & tables landmark report, this race is

projected to propel the Quantum Computing Market size to $10.7 billion by 2024, out of

which $8.45 billion stemming from product sales and services and $2.25 billion from

government-funded Quantum Computers, Quantum Computation, Quantum

Information, Quantum Processor, Quantum Software and Quantum Cryptography R&D

programs.

If you have been paying attention to the news on the quantum computing industry and

the evolution of national efforts towards realizing a scalable, fault-tolerant quantum

computer that can tackle problems unmanageable to current supercomputing

capabilities, then you know that something big is stirring throughout the world.

In a way that was unheard of five years ago, quantum physicists are now partnering

with corporate tech giants, to develop quantum computing as the foundation of a

second information age. Eighteen of the world’s largest corporations (e.g., Lockheed

Martin, IBM, Google, NEC, HP, Toshiba, Intel, Mitsubishi, Alibaba, Microsoft, SK

telecom, BAH, KPN, Airbus, Raytheon, NTT, Fujitsu, and BT) and dozens of

government agencies are working on quantum computing or partnering with startups

such as D-Wave.

Near-term expectations for quantum computing range from solving optimization

problems, big data analytics and artificial intelligence through quantum computing

services in the cloud.

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