Despite constant advances in technology, quantum computing will continue to gain more media coverage than real applications in 2022.
Deloitte Global predicts that many manufacturers of quantum computers (QCs) will double the quantum volume of Quantum Computers (the number and reliability of qubits that can be used in calculations) in 2021. VC invested more than $ 1 in 2021. With a billion dollars invested in the sector, one company has been published with a multi-billion dollar valuation. In addition, investment in quantum by governments such as China, India, Japan, Germany, the Netherlands, Canada and the United States could total more than $ 5 billion annually. According to media reports, less than 12 companies around the world use Quantum Computer as part of their day-to-day operations, mainly for a limited number of use cases related to optimization issues.
Quantum has great potential, but it is very difficult to implement. Quantum Computer orders a magnitude better than it was five years ago, but it remains uneconomical to solve real-life problems. Many of the tasks they are currently doing can be replicated to a standard laptop computer at a fraction of the cost. The issue of QC usefulness is not the lack of use cases, funding, effort, or even progress. Current Quantum Computer is not powerful enough to address problems that traditional computers cannot solve. The “magic number” of the quantum volume (a measure of the combination of the amount and reliability of “qubits” that enhances the computational power of QC) is not yet known. This makes Quantum Computer useful in the real world.
Companies differ on how they measure quantum volume, but it seems like this is a sign of progress that the quantum volume of apples and apples is doubling, or even faster, every two years. But it remains unclear whether we need a quantum mass of a thousand, a million, or a billion to create QCs that can be used for many real-world applications. Some industries need to be careful and step into the Quantum door. For them, developing a small team can serve as a risk hedge. But, unusually, the important point for most readers in many industries is that you don’t have to worry about the possibility of news announcements from different quantum computing companies over the next year or two.
These companies are investing billions of dollars in research and development. They are driving the engineering and science frontier, and once useful QC is finally built, progress in 2022 and 2023 will be an important step on the road to practicality. However, creating more qubits, more stable qubits, or both at the same time is less likely to lead to commonly useful QC in the coming years.
There are a few areas where Quantum Computers’ are useful:
Optimization :
There have been public announcements of a special type of QC that addresses real-world optimization problems, such as bus routing and radio mobility scheduling. Most of these appear to be proof-of-concept experiments rather than full-scale or active implementation, Technologies work and benefits can be seen, but solutions unlikely use continuously, because the same optimizations can be done much more often in more cost-effective way than using conventional technologies.
Quantum chemistry and materials science:
Designing new materials atom-by-atom is too difficult for classical computers, but QC can get off to a good start in modeling quantum effects, even though for new semiconductors, catalysts in industrial production or healthcare application. Initially, it was thought that 800 to 1,500 qubits of QC would be needed to study a useful large molecule containing hundreds of atoms, but this is years away. It is possible in a period of 3 to 5 years.
In particular, quantum technology is used in two applications, because they were developed before CQ, forming larger markets, at least for now:
Quantum sensing :
Subatomic particles can be used to create responsive sensors that are superior to traditional sensors in terms of accuracy and performance. These quantum sensors can replace traditional sensors in many applications, including the discovery and monitoring of oil, gas and mineral deposits. construction site inspection; and detection of even the smallest environmental, earthquake or weather changes. Due to these current and future real-world applications, the quantum sensor market is growing to over $ 400 million in 2020 and could be larger than the 2022 QC market-and it is growing. increase.
Quantum communications :
Quantum communication is a hardware solution that leverages the principles of quantum mechanics to create secure, tamper-proof communication networks theoretically capable of detecting interception or eavesdropping. Quantum key distribution (QKD) is presently the maximum mature, and it presents a completely excessive degree of security. Communication the usage of QKD may be brought via fiber-optic networks, over the air, or through satellite. Despite limited speed, distance, repeater needs, and costs, QKD is used by both public (military and government) and civilian groups in some countries. The QKD market is still a niche, but it is predicted to be worth US$3 billion by 2030.
