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Kenneth Research has published a detailed report on Quantum Computing Market which has been categorized by market size, growth indicators and encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2019-2026.

The report covers the forecast and analysis of the Quantum Computing Market on a global and regional level. The study provides historical data from 2015 to 2019 along with a forecast from 2019-2026 based on revenue (USD Million). In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Quantum Computing Marketover the period 2019-2026.

The Final Report will cover the impact analysis of COVID-19 on this industry.

Request To Download Sample of This Strategic Report:https://www.kennethresearch.com/sample-request-10307113The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Quantum Computing.

The quantum annealing category held the largest share under the technology segment in 2019. This is attributed to successful overcoming of physical challenges to develop this technology and further incorporated in bigger systems. The BFSI category held the largest share in the quantum computing market in 2019. This is owing to the fact that the industry is growing positively across the globe, and large banks are focusing on investing in this potential technology that can enable them to streamline their business processes, along with unbeatable levels of security

Automotive to lead quantum computing market for consulting solutions during forecast periodAmong the end-user industries considered, space and defense is the largest contributor to the overall quantum computing market, and it is expected to account for a maximum share of the market in 2019. The need for secure communications and data transfer, with the demand in faster data operations, is expected to boost the demand for quantum computing consulting solutions in this industry. The market for the automotive industry is expected to grow at the highest CAGR

Quantum computing can best be defined as the use of the attributes and principles of quantum mechanics to perform calculations and solve problems. The global market for quantum computing is being driven largely by the desire to increase the capability of modeling and simulating complex data, improve the efficiency or optimization of systems or processes, and solve problems with more precision. A quantum system can process and analyze all data simultaneously and then return the best solution, along with thousands of close alternatives all within microseconds, according to a new report from Tractica.

2018 was a growth year for the market, as businesses from the BFSI sector showed tremendous interest in quantum computing and the trend is likely to continue in 2019 and beyond. Moreover, the public sector presents significant growth opportunity for the market. In the forthcoming years, the application opportunities for quantum computing is expected to expand further, which may lead to a higher commercial interest in the technology.

Market SegmentationThe report focuses on the following end-user sectors and applications for quantum computing:By Based on offering*Consulting solutions*Systems

By End-user sectors*Government.*Academic.*Healthcare.*Military.*Geology/energy.*Information technology.*Transport/logistics.*Finance/economics.*Meteorology.*Chemicals.

By Applications*Basic research.*Quantum simulation.*Optimization problems.*Sampling.

By Regional AnanlysisNorth America*U.S.*Canada

Europe*Germany*UK*France*Italy*Spain*Belgium*Russia*Netherlands*Rest of Europe

Asia-Pacific*China*India*Japan*Korea*Singapore*Malaysia*Indonesia*Thailand*Philippines*Rest of Asia-Pacific

Latin America*Brazil*Mexico*Argentina*Rest of LATAM

Middle East & Africa*UAE*Saudi Arabia*South Africa*Rest of MEA

The quantum computing market is highly competitive with high strategic stakes and product differentiation. Some of the key market players include International Business Machines (IBM) Corporation, Telstra Corporation Limited, IonQ Inc., Silicon Quantum Computing, Huawei Investment & Holding Co. Ltd., Alphabet Inc., Rigetti & Co Inc., Microsoft Corporation, D-Wave Systems Inc., Zapata Computing Inc., and Intel Corporation.

Click Here to Download Sample Report >>https://www.kennethresearch.com/sample-request-10307113

Competitive Analysis:The Quantum Computing Market report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included in this report with Porters five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

About Kenneth Research:

Kenneth Research is a reselling agency which focuses on multi-client market research database. The primary goal of the agency is to help industry professionals including various individuals and organizations gain an extra edge of competitiveness and help them identify the market trends and scope. The quality reports provided by the agency aims to make decision making easier for industry professionals and take firm decisions which helps them to form strategies after complete assessment of the market. Some of the industries under focus include healthcare & pharmaceuticals, ICT & Telecom, automotive and transportation, energy and power, chemicals, FMCG, food and beverages, aerospace and defense and others. Kenneth Research also focuses on strategic business consultancy services and offers a single platform for the best industry market research reports.

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Quantum Computing Market : Analysis and In-depth Study on Size Trends, and Regional Forecast - Cheshire Media

M Squared, the photonics and quantum technology developer, today announces a significant new financing of 32.5m as it expands its backers to support its growth and technology developments.

Santander UK will be providing a 20m debt facility, allowing M Squareds founders and management team, led by Dr Graeme Malcolm OBE, to fund the acquisition of the substantial part of BGFs current shareholding along with fuelling the next stage in business and technological growth. The newly formed Scottish National Investment Bank will also support M Squared with 12.5m of growth capital.

Commenting on the transaction,Richard Mathison, Structured Finance Director, Santander UK said:Santander is delighted to have provided M Squared with 20m of debt facilities to support their strategic buyout and future growth ambitions. M Squared is a truly unique, cutting-edge, business driven by a high calibre management team, who we have got to know well over the last 10 months. Santanders debt structure provided was specifically tailored to M Squareds needs and ambitions, alongside funding provided by the Scottish National Investment Bank.

This significant investment from the newly established Scottish National Investment Bank - which is the first investment being made by the Bank - will enable M Squared to further advance its research and development. This is key to upscaling its pioneering work in quantum innovation alongside its technologies to help tackle climate change. The flexibility shown by the Scottish National Investment Bank and its patient capital approach aligned strongly with M Squareds funding requirements.

M Squareds innovations are addressing global scientific and technology challenges in fields as diverse as climate change, healthcare, quantum computing and virtual reality. Therefore, M Squareds activities will make a contribution to all three of the Scottish National Investment Banks proposed core missions to support Scotlands transition to net zero, build communities and promote equality, and harness innovation to enable our people to flourish.

Eilidh Mactaggart, CEO of the Scottish National Investment Bank said:This Glasgow based business is at the cutting edge of innovation and is a recognised world-leader in its field with huge growth potential. It is a great fit with our missions and our investment will create real economic benefit in Scotland. We worked collaboratively to provide an investment solution tailored to M Squareds needs, and our patient capital approach meant we were able to take the longer-term view that was needed. We are hugely excited about the future for M Squared and look forward to working with Graeme and his team supporting the next phase of its growth.

Earlier this year, M Squared announced it is leading the UKs largest industry-led commercial quantum computing project as part of an Innovate UK Challenge fund,DISCOVERY. M Squared has also leveraged investment as part of the projectSquare meaning that total investment has reached 50m in the year to date despite the Covid-19 pandemic.

M Squared is now at the forefront of UK efforts to commercialise revolutionary quantum technology considered a major component of central governments commitment to research and development and its future industrial strategy. This transaction provides the financial strength and independence for the business to play a significant role in the next stage of this technologys commercialisation.

Dr Graeme Malcolm OBE, Founder & CEO of M Squared, said:M Squared makes the world's purest light - technology that has transformative, real-world, applications that can take on the climate emergency, greatly improve biomedical imaging, realise the next evolution of semiconductors, and now truly unlock the coming quantum age.

Scotland is at the heart of the UKs advanced science and technology sectors and sitting alongside world-leading universities and commercial partners it has become a critical hub of excellence from which we can continue expanding globally.

Our commercial and technological potential is enormous and with this transaction we have the ideal financial and structural platform to progress and realise substantial growth and launch major new developments. We are delighted to now be working with both Santander UK and the Scottish National Investment Bank, alongside continued support from BGF, on funding a shared goal to innovate and scale.

BGF will realise the majority of its existing shareholding in M Squared, but will continue to retain a meaningful stake going forward having first invested in the business in 2012 as a long-term partner.

Patrick Graham Head of BGF for Central Scotland and Northern Ireland said:M Squared, one of BGFs first investments, received 6.4m across three rounds of funding over the course of the past eight years. The company has grown ten-fold since, crystalising a strong return for BGF. Our long-term view on investment and supporting growth via follow-on funding can provide a strong platform for businesses like M Squared to realise their full potential. Our flexible model also allows us to collaborate with other institutions and we are pleased to be partnering with both Santander and the Scottish National Investment Bank in its first investment. We are also delighted to continue as an equity shareholder in M Squared and look forward to supporting the management team and the business in the next phase of its growth journey.

M Squareds strategic stakeholders including Scottish Enterprise, the University of Strathclyde and the University of St Andrews were highly supportive of this new funding development which represents one of Scotlands most ambitious funding projects this year and will further help Glasgow gain recognition as a global location for quantum and many other advanced technologies.

Stuart Malcolm, M Squareds General Counsel, who led the transaction said:This financing is the culmination of over 18 months determined effort and commitment to ensure that M Squared is now supremely well placed for the next stage in our journey. A challenging and technical transaction such as this, involving a number of stakeholders and inputs, required a proactive and agile advisory team and our thanks go out to all the team members in their efforts and determination to complete this dynamic transaction.

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M Squared Receives Financing to Accelerate Growth and Advance Quantum Technologies - Novus Light Technologies Today

1. Quantum computer race intensifies as alternative technology gains steam  Nature.com
2. Quantum Computing Market is Expected to Reach $2.2 Billion by 2026  GlobeNewswire
3. Quantum Computing Market 2020 Size, Demand, Share, Opportunities And Forecasts To 2026 | Major Giants ID Quantique, Toshiba Research Europe Ltd, Google,Inc., Microsoft Corporation  re:Jerusalem
4. Quantum Computing in Aerospace and Defense Market Statistics Shows Revolutionary growth in Coming decade | Want to Know Biggest Opportunity for Growth?  TechnoWeekly
5. View Full Coverage on Google News

Read more here:
Quantum computer race intensifies as alternative technology gains steam - Nature.com

DURHAM Construction is currently underway on a 10,000-square foot expansion of Dukes existing quantum computing center in the Chesterfield Building, a former cigarette factory in downtown Durham.

The new space will house what is envisioned to be a world-beating team of quantum computing scientists. The DQC, Duke Quantum Center, is expected to be online in March 2021 and is one of five new quantum research centers to be supported by a recently announced$115 million grant from the U.S. Department of Energy.

The Error-corrected Universal Reconfigurable Ion-trap Quantum Archetype, or EURIQA, is the first generation of an evolving line of quantum computers that will be available to users in Dukes Scalable Quantum Computing Laboratory, or SQLab. The machine was built with funding from IARPA, the U.S. governments Intelligence Advanced Research Projects Activity. The SQLab intends to offer programmable, reconfigurable quantum computing capability to engineers, physicists, chemists, mathematicians or anyone who comes forward with a complex optimization problem theyd like to try on a 20-qubit system.

Unlike the quantum systems that are now accessible in the cloud, the renamed Duke Quantum Archetype, DQA, will be customized for each research problem and users will have open access to its gutsa more academic approach to solving quantum riddles.

(C) Duke University

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Construction begins for Duke University's new quantum computing center - WRAL Tech Wire

COVID-19 has been a gut punch. Our response? Largely frantic, like deer caught in the headlights. Researchers are racing to find a vaccine, as we pause in lockdown mode. But the process of drug discovery is lengthy and expensive, just like the process of discovering and designing any material crucial to fighting existential problems.

But these problems are piling up: pandemics, climate change, antibiotic resistance, food security, cyber-challenges, shared-economic prosperity and so on. We urgently need to change our traditional approach to science.

We have a rare and narrowing window of change to build a better world after the pandemic.

The World Economic Forum's inaugural Pioneers of Change meeting will bring together leaders of emerging businesses, social entrepreneurs and other innovators to discuss how to spark and scale up meaningful change.

To follow the Summit as an individual, you can become a digital subscriber here. As a company, you can participate in the summit by becoming a member of our New Champions Community.

For centuries, weve done science in a linear way: an issue prompts a hypothesis, followed by a model and a test. If the result is a failure, the process starts again, and iterations may take years. And its got us far; its how weve developed better plastics, more efficient solar panels and lighter-but-stronger composites for modern aircraft.

But the world is changing rapidly; in order to tackle todays global challenges with the speed and effectiveness they demand, we need a new way to do science.

Science is an inherently creative process; scientists are constantly expanding their imagination to explore new designs of drugs and chemicals. But the human brain has its limits. After all, there are more possible designs of a molecule than there are atoms in the universe. No human can sift through all of them to come up with the best option.

The good news is we do have the ingredients to give science or our brains limits a boost: cutting-edge computing technology and talent. The real challenge is to apply them strategically, in both public and private sectors.

Image: IBM Research

Helping science determine a new path

The world is witnessing a revolution in computing. Artificial Intelligence (AI) is enhancing traditional computing and could soon boost the emerging quantum ones: the very machines that could allow us to solve some of the worlds greatest problems. They can be accessed from anywhere on the planet through a hybrid cloud.

More and more companies and labs are now using AI, whose deep neural networks are able to extract scientific knowledge at scale from all the literature published on a specific topic.

Say a scientist needs to create a new catalyst for better artificial fertilizers. Instead of blindly trying to determine the catalysts chemical structure, AI would first sift through a multitude of patents, academic papers and other publications to see what had already been done on this topic.

Next, AI would automatically generate hypotheses based on the data it found, to expand the search for new molecular designs. Based on the most promising hypothesis, high-performance computers and quantum computers would simulate a new molecule.

Digital work done, the simulation would be confirmed or refuted during increasingly autonomous lab tests. Finally, AI would assess the result, identify anomalies and extract new knowledge. New questions would surface and the loop would continue.

To shift the paradigm of scientific discovery, we need to enable AI, hybrid cloud, and eventually quantum computing to converge. We also need a second ingredient new types of scientific collaborations or communities of discovery to be added to the mix.

What would we gain? An accelerated scientific method, fit for catalysing major transformations in science, and with unprecedented speed and automation. We could design new materials faster than ever before, impacting all aspects of our lives from healthcare to manufacturing, to agriculture and beyond.

For the first time, closing the loop in scientific discovery seems a very real and imminent possibility. When it does happen, we will have achieved the dream of scientific advancement being a self-propelled and never-ending process.

The need for new communities of discovery

But its not just technology that that will drive this new level of discovery; people will too. The world is teeming with the talent and creativity of millions of scientists spread across academia and industry, who shouldnt be tackling the numerous global crises they face independently. Indeed, no single company or university lab can overcome a pandemic on its own.

National and international private-public collaborations share knowledge, data and the latest technology, speeding up the process of discovery. Our need for more of them has never been greater.

They also need to be diverse. In science, problems can be big and complex, or small and more focused. For instance, CERN (the European Organization for Nuclear Research) requires a deeply coordinated community with scientists from 42 countries to run some two-million experiments every day across about 170 labs and thats just for the science coming from Large Hadron Collider.

And yet, science is becoming more open, with researchers from private and public sectors increasingly sharing papers, experiments, data, results and resources.

One successful example of such a smaller, new community of discovery is the COVID-19 High-Performance Computing Consortium. A collaboration of 87 partners from academia, industry and national labs, it has been granting researchers from around the world who are fighting the current pandemic access to supercomputers.

Industry partners are often rivals, but not in the current coronavirus vaccine endeavour. Every member of the Consortium is united by a common goal: to accelerate our search for a new treatment or vaccine against COVID-19. The benefits of collaboration are greater speed and accuracy; a freer exchange of ideas and data; and full access to cutting-edge technology. In sum, it supercharges innovation and hopefully means the pandemic will be halted faster than otherwise.

But material design isnt the limit.

With continuing evolution as an AI-accelerated approach that builds on data, advanced compute in hybrid cloud, progress in quantum computing and growing communities of discovery, the upgraded, self-propelled continuous scientific method should greatly impact multiple aspects of our lives. And with all the global crises of today and tomorrow, the need for it has never been greater.

Originally posted here:
Scientific discovery must be redefined. Quantum and AI can help - World Economic Forum