Generative AI and other technologies have huge impact on quantum computing funding, IDC lowers investment forecast for 2027

According to news from this website on August 18, the market research organization IDC released a report that due to slower than expected hardware development, the estimated customer spending on quantum computers has been significantly reduced. The agency also said that new technologies with greater short-term value, including generative AI, are eating up funds originally intended for quantum computers.

IDC released its first quantum computer industry report in 2021, predicting that the industry’s spending will increase from 412 million in 2020 The US dollar will increase to US$8.6 billion (approximately 62.78 billion yuan) in 2027, and is expected to grow at a compound annual growth rate of 50.9% in the next 6 years

According to the latest report, IDC predicts that by 2022, quantum Calculated spending will reach US$1.1 billion and is expected to grow to US$7.6 billion (approximately RMB 55.48 billion) by 2027, with a five-year compound annual growth rate (CAGR) of 48.1%

IDC reported pointed out that currently quantum computing is only suitable for small-scale experiments. Although it has obvious advantages, many applications are still in the hype stage

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International Data Corporation predicts that the global quantum computing market will grow to US$8.6 billion by 2027

According to IDC, the global quantum computing market will grow to US$7.6 billion by 2027

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