- 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://ibn.fm/3Gzqf).
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://ibn.fm/QBTS
About MissionIR
MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.
For more information, visit www.MissionIR.com
MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
Editor@MissionIR.com
Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all
