Story image

Quantum computing will be worth US$15 billion by 2028

Total revenues generated from quantum computing services will exceed US$15 billion by 2028, forecasts ABI research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies.

 The demand for quantum computing services will be driven by some process hungry research and development projects as well as by the emergence of several applications including advanced artificial intelligence algorithms, next-generation cyber security encryption, traffic routing and scheduling, protein synthesis, and/or the design of advanced chemicals and materials. 

These applications require a new processing paradigm that classical computers, bound by Moore’s law, cannot cope with. However, one should not expect quantum computers to displace their classical counterparts anytime soon.

Unlike classical computers, based on sequential processing principles, quantum computers leverage their strengths from two fundamental characteristics inspired from quantum physics, namely entanglement and superposition, which make them super powerful for undertaking certain tasks, notably inter-correlated events that need to be executed in parallel.

Quantum computing is, however, still in its embryonic stage of development and is not ready for large-scale commercial deployment anytime in the near to mid-term. Scalability, technology stability, reliability, and cost efficiency are the major factors the industry should address before seeing quantum computers moving beyond lab projects or very restricted and constrained commercial deployment. 

The attempts to create quantum computers that are stable and have low error rate require heavy investment in infrastructure, software development, and human expertise. The operation is currently performed under extreme low-temperature, high magnetic field, and in a vacuum or sterile environment, making the technology extremely difficult to scale and expensive to operate. 

It is therefore not surprising that quantum computing is unlikely to achieve the distribution level of classical computers anytime within the next 10 years. The technology will remain concentrated in the cloud domain for many years to come.

D-Wave Systems, IBM, and Rigetti Computing are few of the vendors that have commercial quantum computing systems. Based on adiabatic quantum computation, D-Wave System’s quantum computer has been sold to government agencies, aerospace, and cybersecurity vendors. 

However, this type of system is constrained in terms of computational capabilities as compared to the rest of its counterparts. IBM, Rigetti Computing and other cloud computing giants such as Alibaba, Google, Intel, and Microsoft are opting for a quantum computing system based on the quantum gate model.

How Dell EMC and NVIDIA aim to simplify the AI data centre
Businesses are realising they need AI at scale, and so enterprise IT teams are increasingly inserting themselves into their company’s AI agenda. 
Orange Belgium opens 1,000 sqm Antwerp data centre
It consists of more than 500 high-density 52 unit racks, installed on the equivalent of 12 tennis courts.
Time to build tech on the automobile, not the horse and cart
Nutanix’s Jeff Smith believes one of the core problems of businesses struggling to digitally ‘transform’ lies in the infrastructure they use, the data centre.
Cloud providers increasingly jumping into gaming market
Aa number of major cloud service providers are uniquely placed to capitalise on the lucrative cloud gaming market.
Intel building US’s first exascale supercomputer
Intel and the Department of Energy are building potentially the world’s first exascale supercomputer, capable of a quintillion calculations per second.
NVIDIA announces enterprise servers optimised for data science
“The rapid adoption of T4 on the world’s most popular business servers signals the start of a new era in enterprise computing."
Unencrypted Gearbest database leaves over 1.5mil shoppers’ records exposed
Depending on the countries and information requirements, the data could give hackers access to online government portals, banking apps, and health insurance records.
Storage is all the rage, and SmartNICs are the key
Mellanox’s Kevin Deierling shares the results from a new survey that identifies the key role of the network in boosting data centre performance.