- Boston Consulting Group estimates the near-term total addressable market (“TAM”) for quantum hardware, software and service providers, to be $400 million to $1 billion within the next three to five years
- Annealing technology represents near-term quantum tech that is solving enterprise optimization problems today for key industries
- D-Wave’s quantum computing systems and services are exploring and addressing computationally complex problems, including supply chain optimization, fraud detection, and employee scheduling
New trends in technology are creating high demand for solutions that can solve increasingly computationally complex problems. That, coupled with accelerated adoption of artificial intelligence and machine learning, are some of the main factors currently driving quantum computing market growth. Boston Consulting Group estimates the near-term TAM for quantum hardware, software and service providers, to be $400 million to $1 billion within the next three to five years.
Various industries, including healthcare, finance, logistics, and more, are turning to quantum technology to help unlock operational efficiencies and are expected to fuel this growth. Quantum computing can potentially solve problems in these sectors that are unsolvable using current methods.
D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems and services, is focused on delivering customer value through practical quantum applications for problems such as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, fault detection, and financial modeling. The company is building technologies today to enable new solutions for tomorrow – unlocking commercial use cases in optimization illustrated through its customer success stories (https://nnw.fm/zDIBG).
When SavantX was looking to tackle supply chain problems at the Port of Los Angeles, the busiest port in the U.S. with the equivalent of over 10 million 20-foot containers transitioning the port in 2021, the company leveraged D-Wave’s quantum solutions for assistance. SavantX utilized D-Wave’s quantum technology to develop the Hyper-Optimized Nodal Efficiency Engine (HONE) framework to streamline operations at Pier 300 – one of the port’s largest terminals. HONE helped optimize the pier’s operations significantly, which led to a 50% increase in daily deliveries per crane, lowering the wait times for cargo trucks picking up payloads.
D-Wave’s customer success stories provide firsthand experiences of how the company’s quantum applications benefit industries, solving problems and illustrating the value quantum has brought to multiple sectors. The company’s extensive IP portfolio features over 200 issued U.S. patents and over 100 peer-reviewed papers published in leading scientific journals. D-Wave’s list of commercial customers includes blue-chip industry leaders like Mastercard, Deloitte, Volkswagen, ArcelorMittal, BASF, Unisys, BBVA, NEC Corporation, Pattison Food Group, DENSO, and Lockheed Martin.
Through a real-time quantum cloud service and a team of professional services professionals to assist with problem identification and solution creation, D-Wave has made it easy for organizations to get started on their quantum journey today. Now, companies can quickly bring quantum computing into their overall compute infrastructure and start taking advantage of the benefits it could bring to their organization.
For more information, visit the company’s website at www.DWavesys.com.
NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://nnw.fm/QBTS
Forward-Looking Statements
This article contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which statements are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. We caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, which are subject to a number of risks. Forward-looking statements in this article include, but are not limited to, statements regarding the TAM for quantum hardware, software and service providers and the potential for quantum computing’s problem-solving ability. We cannot assure you that the forward-looking statements in this article will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including general economic conditions and other risks; customer acceptance of our products and services; and the uncertainties and factors set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the registration statement on Form S-1 filed by the Company with the SEC on February 13, 2023, as well as factors associated with companies, such as D-Wave, that are engaged in the business of quantum computing, including anticipated trends, growth rates, and challenges in those businesses and in the markets in which they operate; the outcome of any legal proceedings that may be instituted against us; risks related to the performance of our business and the timing of expected business or financial milestones; unanticipated technological or project development challenges, including with respect to the cost and or timing thereof; the performance of our products; the effects of competition on our business; the risk that we will need to raise additional capital to execute our business plan, which may not be available on acceptable terms or at all; the risk that we may never achieve or sustain profitability; the risk that we are unable to secure or protect our intellectual property; volatility in the price of our securities; the risk that our securities will not maintain the listing on the NYSE; changes in applicable laws and regulations; the effect of pandemics, geopolitical events, natural disasters, wars, or terrorist acts on our business or the economy in general; and the impact of inflation. Furthermore, if the forward-looking statements contained in this article prove to be inaccurate, the inaccuracy may be material. In addition, you are cautioned that past performance may not be indicative of future results. In light of the significant uncertainties in these forward-looking statements, you should not place undue reliance on these statements in making an investment decision or regard these statements as a representation or warranty by any person we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this article represent our views as of the date of this article. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this article.
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