LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global quantum computing market report. This research report also lists 11 other prominent vendors that are expected to impact the market during the forecast period.
The global quantum computing market is forecasted to grow at a CAGR of over 35% during the forecast period. The global quantum computing market will see significant growth from 2018 because of the extensive research that has been carried out for developing a full-fledged quantum computer and related hardware. In 2017, IBM announced an initiative known as IBM Q, which is focused on building the world's first universal quantum computer.
Competitive vendor landscape
According to the report, the global quantum computing market is dominated by D-Wave Systems as it is the only company to have commercialized quantum computers. However, the ongoing investment in R&D by several market participants will lead to more competition in the market once quantum computers are commercialized.
“The only firm that has developed a quantum computer as of 2017 is D-Wave Systems. The company's most recent product offering is the D-Wave 2X that has over 2,000 qubits. Organizations such as IBM, Google, and Microsoft have ramped up their research work for developing a quantum computer within the next few years,” says Raghu Raj Singh, a lead computing devices research analyst from Technavio.
A trend that is noticed in the global computing market is that major vendors are making strategic partnerships to develop quantum computers. For example, Google is working closely with NASA and USRA to understand quantum computing and develop universal quantum computers.
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Top five quantum computing market vendors
D-Wave Systems is a quantum computing firm, and it is the first company to launch a series of commercially viable quantum computers. The firm released its first quantum computer, the D-Wave One in 2010.
Google is a multinational corporation that specializes in Internet-related services and products including online advertising technologies, search engines, cloud computing, and software. The parent company of Google is Alphabet.
IBM is a conglomerate that operates in over 170 countries. It manufactures computer hardware and software while offering various computing services. The hardware designed by IBM for different categories include IBM's POWER microprocessors, which has been used inside many gaming consoles such as the PlayStation 3, Nintendo's Wii U, and Xbox 360.
Intel designs and manufactures advanced and integrated digital technology platforms, which comprise a microprocessor and chipset that can be enhanced by additional hardware, software, and services. It sells these platforms primarily to OEMs, original device manufacturers (ODMs), as well as manufacturing and communications equipment manufacturers in the computing and communications industry.
Microsoft licenses, develops, markets, and supports software, services, as well as devices worldwide. It develops, markets, and supports software and services designed to increase individual, team, and organizational productivity and efficiency to ease user operations in both hardware and software services. Its products are categorized into two divisions, namely commercial licensing and others.
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