In 2018-2020, the quantum computing sector received investments of $ 1.15 billion, or almost double the amount in all previous years, according to a BCG study. In 20 years, the new industry will create up to $ 850 billion in value
Equity investment in quantum computing companies for 2018-2020 was almost double the previous period. This is the conclusion reached by analysts of the international consulting company Boston Consulting Group (BCG). Their research (RBC has), based on Pitchbook statistics aggregating data on venture capital and private equity, as well as mergers and acquisitions, shows that in 2020 alone, the quantum computing sector received $ 675 million from investors after $ 211 million in 2019, and $ 138 million in 2018.
In total, from the beginning of 2018 to April 22, 2021, investors invested $ 1.15 billion in quantum computing, compared with $ 607 million for the entire period until 2018. In 2021, BCG predicts investments will exceed $ 800 million.
Quantum computing is a growing area of computer technology based on the properties of quantum objects: atoms, electrons, photons, and so on. Whereas traditional computers use bits that take on values only 0 and 1, quantum computers work with “qubits” (“quantum bits”), which, in addition to 0 or 1, can take on both values simultaneously. This allows them to process data much faster than a traditional computer. Qubits do not go through all possible variants of the system states, like a regular computer, but do the calculations instantly. “This property can be used for information retrieval from databases, route planning, modeling the behavior of complex molecules, and synthesizing materials. The solution of problems for which it is necessary to sort out hundreds and thousands of options is accelerated many times over, ”noted the head of the Russian Quantum Center Ruslan Yunusov.
By 2040, BCG estimates that quantum computing will create value up to $ 850 billion annually. “By the end of this decade, we will have equipment powerful enough to solve the key problems of business and society. The companies and governments involved must prepare for an accelerated timetable, ”said Jean-François Bobier, director and partner at BCG and co-author of the report.
The key change over the past two years has been increased interest and investment from corporations, according to BCG chief executive and co-author Matt Langione. “This was the last element in the domino effect as governments and private equity investors began to invest heavily. Building quantum computers will require not only innovation in hardware and software, but also new use cases: enterprises will need to determine the composition and scope of the critical problems that quantum computers must solve, ”says Langione.