Quantum Artificial Intelligence (AI) Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What key factors are powering the surge in the quantum artificial intelligence (ai) market right now?
The dimension of the quantum artificial intelligence (AI) market has been expanding dramatically in the past few years. There is a projected increase from $0.29 billion in 2024 to $0.4 billion in 2025, with a compound annual growth rate (CAGR) of 39.0%. The historical escalation has been credited to the worldwide acceptance of quantum-secure security strategies, the cooperative efforts between quantum computing and AI research communities, the examination of quantum machine learning methods, government backing and financial support, and a growing need for superior computing solutions.
How fast Is the quantum artificial intelligence (ai) market expected to grow, and what’s its future value?
The quantum artificial intelligence (AI) market size is expected to see exponential growth in the next few years. It will grow to $1.49 billion in 2029 at a compound annual growth rate (CAGR) of 38.7%. The growth in the forecast period can be attributed to increasing need for quantum-safe AI security, integration of quantum computing in cloud services, advancements in quantum hardware and qubit stability, rise in quantum cloud services and quantum as a service (QaaS), and advancements in quantum hardware components. Major trends in the forecast period include advancements in quantum computing technology, advancement of quantum AI technologies, collaborative initiatives, initiation of cloud-based deployment, and development of quantum neural networks.
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What are the leading drivers of growth in the quantum artificial intelligence (ai) market?
The quantum AI market’s expansion is predicted to be fueled by the rising number of data breaches. Data breaches are defined as instances where sensitive, shielded, or private data is infiltrated, pilfered, or exploited by unauthorised individuals or groups. The popularity of the Internet of Things (IoT) and the proliferation of interconnected devices across different sectors have amplified the amount of possible inlets for cyber attacks, intensifying the difficulty of safeguarding all endpoints efficiently. Quantum AI could mitigate data breaches by bettering encryption, facilitating safe communication, augmenting threat detection, reinforcing authentication and confirming the solidity of data. For example, in May 2024, the Information Commissioner’s Office, an independent regulatory office located in the UK, indicated that 25.9% of personal data breaches from 2022 to 2023 were due to cyber-related incidents, marking a rise of 32.5%. Consequently, the escalating number of data breaches is propelling the expansion of the quantum AI market.
What are the key segments defining the 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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Who are the key players steering the development of 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 emerging trends are influencing the growth of the quantum artificial intelligence (ai) market?
Significant businesses in the quantum AI industry are embracing cutting-edge solutions like quantum cloud service, which boosts computing capacity and expedites data processing. Quantum cloud service is essentially the provision of quantum computing facilities and skills through cloud environments, enabling users to remotely utilize quantum computers without the need for proprietary hardware. For example, in July 2024, Leap Quantum Cloud Service was announced by D-Wave Quantum Systems Inc, a computer software firm based in Canada. This service is D-Wave’s quantum computing facility, providing users with quantum optimization options for AI/ML workloads. This service seamlessly blends quantum and classical resources to assist tasks like model training, optimization, and business use cases like enhancing supply chain efficiency.
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Which geographic areas are influencing the growth of 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.
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