Paris: BCG (Boston Consulting Group) estimates that innovations in quantum computing could generate between 450 and 850 billion dollars in turnover by 2040. Indeed, if they remain not very operational to date, the prospects offered by these technologies are immense in the medium term. BCG anticipates, however, that the benefits of this technological revolution should mainly benefit only the first 10% of companies that will have invested and planned their quantum future.
This is revealed by BCG in a new report entitled ‘ Quantum Computing Is Becoming Business Ready ‘ which offers an analysis of quantum computing market trends and opportunities for companies.
In details :
- Quantum computing pilot projects have tripled in the past three years. To date, we have counted around a hundred at a total cost of around 300 million dollars. In France, Airbus, EDF, Crédit Agricole, Thales and Total Energies are among the pioneering companies in this area.
- The number of companies investing in this technology and the amount of investment are increasing.
- In 2022, the quantum computing market reached $614 million. Spending in the field could continue to grow by 25% per year to reach $1,200 million in 2025.
- Half of the companies surveyed spend more than $1 million a year deploying quantum computing technologies. 70% of them have been investing there for more than three years.
- Almost all companies using quantum computing plan to maintain their investments – these companies are even 80% to want to increase their spending from one year to the next.
- Indeed, only companies that have prepared in this way will succeed. Up to 90% of the value created by quantum computing will be captured by the first 10% of companies that adopt this technology.
- A real business challenge for companies: those that are not among the first to take advantage of it will have a hard time catching up. A fracture which is explained in particular by:
- The limited IT resource and time needed to develop use cases for vendors who will need to narrow their customer portfolios.
- The talent shortage affecting the algorithm development sector, limiting the ability of suppliers to meet the full range of business demands.
- The difficulty of preserving its intellectual property for companies, even in the most successful use cases.
- Therefore, leaders must amplify their investments and engage their company in a quantum future. This notably involves concluding, as of now, partnerships with suppliers who will give them access to these technologies. But also by recruiting internal talent capable of mastering it.
