LONDON, Dec. 11,
2024 /PRNewswire/ -- Despite comprising over 300
vendors the QC market is at a nascent stage of market
development. The reality is that essentially all vendor revenue to
date comes from customers who are experimenting with QC technology
– not using it for operational purposes. However, Omdia believes
that 2025 will mark an important shift upwards in the trajectory of
QC vendor revenue growth, partially because of a shift from
experimentation to operation.
Reaching "quantum advantage" will be an on-going, years-long
process and large-scale (i.e., thousands of logical qubits), fully
fault tolerant QCs likely won't be available before the middle of
the next decade. Nevertheless, well before that stage of technology
development is reached, a growing number of adopters in a growing
number of applications and use cases will see a tangible economic
benefit from QC or even become able to perform computations that
are intractable for classical computers.
Sam Lucero, Chief Analyst for
Quantum Computing at Omdia, said "As this process unfolds, we'll
gain more clarity on which qubit modalities are best suited to
scale up and leverage quantum error correction (QEC). And perhaps,
eventually, we'll find that entirely new qubit modalities will be
invented."
However, as a cautionary note, the current 300-strong vendor
landscape will undoubtedly consolidate over time; this process has
already begun, and 2025 will likely see an acceleration of this
trend.
Omdia recently published its 2025 Trends to Watch in Quantum
Computing report, which assesses four key trends that will become
prominent over the course of 2025:
- The start of a shift from experiments to production:
Currently, nearly all use of QC technology is for experimentation –
that is, to learn about QC technology. Starting in 2025, however,
an increasing number of adopters will use QC technology for
operational or production purposes.
- Neutral atom qubit innovation will accelerate: Several
neutral atom qubit-based vendors achieved impressive technological
milestones in 2024, engendering key strategic partnerships with key
technology giants. Expect the pace of innovation with the neutral
atom qubit modality to speed up in 2025.
- Additional app stores will appear in the market: IBM
launched a QC "app store" in September
2024. While only six Functions exist in the Catalog at
launch, the app store model will enable faster innovation cycles
and more turnkey adoption. It will likely be copied by other
vendors in 2025.
- Increasing vendor consolidation in the market: While
investment in QC vendors resumed growth in 2024, the formation of
new QC startups did not. The inevitable process of vendor
consolidation in the 300-vendor strong QC market has begun.
ABOUT OMDIA
Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a
technology research and advisory group. Our deep knowledge of tech
markets combined with our actionable insights empower organizations
to make smart growth decisions.
Contact
Fasiha Khan- fasiha.khan@omdia.com
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SOURCE Omdia