What Is The Current and Historic Market Size Analysis Of The Quantum Artificial Intelligence (AI) Market?
The quantum artificial intelligence (ai) market has seen considerable growth due to a variety of factors.
• The quantum artificial intelligence (AI) market has seen rapid growth in recent years. It is projected to grow from $0.29 billion in 2024 to $0.4 billion in 2025, with a compound annual growth rate (CAGR) of 39.0%.
The growth in the historic period can be attributed to the increasing focus on quantum-safe security measures, collaboration between quantum computing and AI research, quantum machine learning innovations, government funding, and the rising demand for advanced computing solutions.
What Are The Predictions for The Quantum Artificial Intelligence (AI) Market in the Coming Years?
The quantum artificial intelligence (ai) market is expected to maintain its strong growth trajectory in upcoming years.
• The quantum artificial intelligence (AI) market is forecasted to grow to $1.49 billion by 2029, with a CAGR of 38.7%.
Growth is fueled by the need for quantum-safe AI security, quantum computing advancements, and the rise of quantum cloud services. Key trends include quantum AI technologies, cloud-based deployment, and quantum neural networks.
Which Drivers Are Accelerating Growth In The Quantum Artificial Intelligence (AI) Market?
The quantum AI market is predicted to grow due to the rising incidences of data breaches. Data breaches are situations where sensitive, confidential, or protected data is unlawfully accessed, stolen, or used by unauthorized individuals or entities. The evolving Internet of Things (IoT) and increasing number of connected devices across different sectors have amplified the potential access points for cyber attacks, thereby making it increasingly difficult to effectively secure all endpoints. Quantum AI can mitigate data breaches by enhancing encryption, facilitating secure communication, improving threat detection, hardening authentication, and validating data integrity. For example, the Information Commissioner's Office in the UK, an independent regulatory entity, revealed in May 2024 that cyber-related incidents amounted to 25.9% of personal data breaches from 2022 to 2023, an uptick of 32.5%. Consequently, the escalating instances of data breaches are fueling the expansion of the quantum AI market.
What Are The Core Segments Of The Global Quantum Artificial Intelligence (AI) Market?
The quantum artificial intelligence (AI) market covered in this report is segmented –
1) By Component: Software, Hardware, Services
2) By Deployment Model: Cloud-Based, On-Premises
3) By Application: Machine Learning And Optimization, Cryptography And Security, Simulation And Modeling, Other Applications
Subsegments:
1) By Software: Quantum Machine Learning Algorithms, Quantum Ai Development Frameworks, Quantum Software Development Kits (Sdks), Quantum Computing Simulators, Quantum Programming Languages (Qiskit, Cirq)
2) By Hardware: Quantum Processors Or chips, Quantum Computers (Superconducting Qubits, Trapped Ions), Quantum Sensors And Detectors, Quantum Coherent Systems, Quantum Control Systems
3) By Services: Quantum Cloud Computing Services, Quantum Consulting And Integration Services, Quantum Ai Training And Education Services, Quantum Algorithm Design And Optimization Services, Quantum Research And Development Services
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What Trends Are Shaping The Quantum Artificial Intelligence (AI) Market?
Major enterprises participating in the quantum AI market are focusing on the creation of innovative solutions such as quantum cloud services to augment computational strength and expedite data processing. Quantum cloud services provide quantum computing resources and capabilities through cloud platforms, thus eliminating the need for users to possess the hardware to access and utilize quantum computers. For example, D-Wave Quantum Systems Inc., a software company based in Canada, debuted their Leap Quantum Cloud Service in July 2024. This service offering from D-Wave is a quantum computing platform that enables users to draw on quantum optimization prowess for AI/ML tasks. It combines quantum processing with traditional resources to assist with various tasks, including model training, optimization, and business applications such as optimizing supply chains.
Who Are the Key Players In The Quantum Artificial Intelligence (AI) Market?
Major companies operating in the quantum artificial intelligence (AI) market are:
• Google LLC
• Microsoft Corporation
• Alibaba Cloud
• AT&T Inc.
• Amazon Web Services Inc.
• Accenture plc
• International Business Machines Corp.
• Honeywell International Inc.
• Fujitsu Limited
• Atos SE
• Baidu Research
• Quantinuum Ltd.
• Xanadu
• Terra Quantum
• Quantum Machines
• 1QB Information Technologies Inc.
• Q-CTRL
• Rigetti & Co LLC
• IonQ Inc.
• QC Ware
• Alice & Bob
• D-Wave Quantum Inc.
• Zapata Computing Inc.
• Strangeworks Inc.
• Qulabs
• Menten AI
What Are The Regional Insights Into The Quantum Artificial Intelligence (AI) Market?
North America was the largest region in the quantum AI market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the quantum artificial intelligence (AI) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
