Skip to main content

Quantum Computing Technology Apps Gain Momentum

Research in quantum computing is closely tied to the discipline of information theory, a mathematical concept concerned with communication, coding, and encryption. Various applications of quantum information theory were developed in the last 50 years.

As a result, quantum computing has been high on the research agenda of governments and technology organizations worldwide. In a quantum computing model, the basic unit of information is called the quantum bit (qubit), which can be represented by photons.

Using qubits and quantum gates, the development of a quantum circuit model of computation has been made possible, enabling the use of algorithms to theoretically solve highly complex mathematical problems in a much shorter time frame than is currently possible.

Quantum Computing Market Development

Most experts now agree that the creation of a quantum computer is simply a matter of engineering, and that the theoretical application will happen. Optimistic estimates for commercialization by the private sector vary between 5 and 15 years, while more conservative estimates by academics put it at 15-25 years.

The drive to create the first quantum computer has been viewed as the new arms race. The milestone to reach is that of quantum supremacy, essentially the performance of computation that goes beyond the capability of the latest and best supercomputers in existence today. But this drive is underpinning another, more pressing race: quantum cybersecurity.

ABI Research forecasts that the first attack-capable quantum machines will make their market debut by 2030.  "When they do, even the latest and best in class cybersecurity technologies will be vulnerable," said Michela Menting, research director at ABI Research.

The race to quantum supremacy is real: governmental R&D is accelerating the crystallization of the quantum computer, with more than $1.6 billion already invested globally. The potentially drastic repercussions on cybersecurity is equally real and has led to the focus on quantum-safe cryptography.

Also known as post quantum cryptography, such research looks to the development of new cryptographic algorithms that could withstand breaking by quantum computers, ideally before such computers become commercially available.

Outlook for Quantum Computing Technologies 

Beyond and ahead of quantum computers, the use of the theory has also aided in developing new cryptographic techniques, notably quantum key distribution (QKD). Considered as a type of quantum-safe cryptography, QKD will likely be commercialized before the advent of quantum computers, because it is achievable using current technologies such as lasers and fiber optics. In that sense, QKD is one of the first quantum theories to find real-world applications.

Heavy private sector investment is going into quantum R&D. Since 2012, venture capital funds have pumped over $334 million into companies specializing in the space. Clearly, this is an early-stage market development opportunity with lots of upside growth potential.

Popular posts from this blog

Software-Defined Infrastructure: The Platform of Choice

As more organizations adapt to a hybrid working model for their distributed workforce, enterprise CIOs and CTOs are tasked with delivering new productivity-enabling applications, while also seeking ways to effectively reduce IT cost, complexity, and risk. Traditional IT hardware infrastructure is evolving to more software-based solutions. The worldwide software-defined infrastructure (SDI) combined software market reached $12.17 billion during 2020 -- that's an increase of 5 percent over 2019, according to the latest market study by International Data Corporation (IDC). The market grew faster than other core IT technologies. The three technology pillars within the SDI market are: software-defined compute (53 percent of market value), software-defined storage controller (36 percent), and software-defined networking (11 percent). "Software-defined infrastructure solutions have long been popular for companies looking to eliminate cost, complexity, and risk within their data cente

Digital Identity Verification Market to Reach $16.7B

As more enterprise organizations embrace the ongoing transition to digital business transformation, CIOs and CTOs are adopting new technologies that enable the secure identification of individuals within their key stakeholder communities. A "digital identity" is a unique representation of a person. It enables individuals to prove their physical identity during transactions. Moreover, a digital identity is a set of validated digital attributes and credentials for online interactions -- similar to a person's identity within the physical world. Individuals can use a 'digital ID' to be verified through an authorized digital channel. Usually issued or regulated by a national ID scheme, a digital identity serves to identify a unique person online or offline. Digital Identity Systems Market Development Complementary to more traditional forms of identification, digital identity verification systems can enhance the authenticity, security, confidentiality, and efficiency of

Global Pandemic Accelerates the Evolution of Transportation

Given the current trends across the globe, organizations that depend upon the continued growth of personal vehicle ownership will need to consider a plan-B scenario. While some companies will be able to adapt, others may find that their traditional business model has been totally disrupted. According to the latest worldwide market study by Juniper Research, Mobility-as-a-Service (MaaS) will displace over 2.2 billion private car journeys by 2025 -- that's rising from 471 million in 2021. Juniper believes that for MaaS to enjoy widespread adoption, subscription or on-the-go packages need to offer a strong combination of transport modes along with feasible infrastructure changes, high potential for data collection and low barriers to MaaS deployments. Mobility-as-a-Service Market Development The concept of MaaS involves the provision of multi-modal end-to-end travel services through a single platform by which users can determine the best route and price according to real-time traffic