Google, Microsoft, and Amazon are betting that quantum computing is a revolution in the making, but the space extends far beyond the tech giants. In this Market Map, we highlight the ecosystem of companies bringing quantum computing to market.
Quantum computers will eventually be able to tackle problems that would stump even the best supercomputers today.
By using quantum phenomena to process information in a new way, churning through calculations for certain tasks — such as simulations, data analysis, and optimization — could go from taking many lifetimes to finishing up faster than it would take to make a cup of tea. This dramatic acceleration would open the door to a whole new set of computational tools for businesses.
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Big tech companies including Google, Microsoft, Amazon, IBM, and Intel are pouring resources into making their own machines, but a much broader ecosystem has already established itself and is attracting increasing interest from investors. 2022 is on pace to be a record-breaking year for both funding and deals to the space.
Using CB Insights data, we identified 102 companies defining the quantum computing landscape, from hardware makers to developer tools to quantum-powered services for enterprises.