Press release
Role of Quantum AI in Mitigating Data Breaches: An Emerging Driver Transforming The Quantum Artificial Intelligence (AI) Market Landscape
Quantum Artificial Intelligence (AI)
What Is the Projected Growth of the Quantum Artificial Intelligence (AI) Market?
The quantum artificial intelligence (AI) market has grown exponentially in recent years. It will increase from $0.29 billion in 2024 to $0.4 billion in 2025, showing a CAGR of 39.0%. This growth is attributed to the global adoption of quantum-safe security measures, collaboration between quantum computing and AI research, exploration of quantum machine learning algorithms, government funding, and rising demand for advanced computing solutions.
The quantum artificial intelligence (AI) market is expected to grow exponentially, reaching $1.49 billion by 2029 at a CAGR of 38.7%. This growth is attributed to the increasing need for quantum-safe AI security, the integration of quantum computing in cloud services, and advancements in quantum hardware. Key trends include the development of quantum AI technologies, cloud-based quantum deployment, collaborative initiatives, and the creation of quantum neural networks.
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What Are the Different Quantum Artificial Intelligence (AI) Market Segments?
The quantum artificial intelligence (AI) market covered in this report is segmented -
1) By Component: Software, Hardware, Services
2) By Deployment Model: Cloud-Based, On-Premises
3) By Application: Machine Learning And Optimization, Cryptography And Security, Simulation And Modeling, Other Applications
Subsegments:
1) By Software: Quantum Machine Learning Algorithms, Quantum Ai Development Frameworks, Quantum Software Development Kits (Sdks), Quantum Computing Simulators, Quantum Programming Languages (Qiskit, Cirq)
2) By Hardware: Quantum Processors Or chips, Quantum Computers (Superconducting Qubits, Trapped Ions), Quantum Sensors And Detectors, Quantum Coherent Systems, Quantum Control Systems
3) By Services: Quantum Cloud Computing Services, Quantum Consulting And Integration Services, Quantum Ai Training And Education Services, Quantum Algorithm Design And Optimization Services, Quantum Research And Development Services
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What Are the Primary Drivers Shaping the Quantum Artificial Intelligence (AI) Market?
The increasing number of data breaches is expected to fuel the growth of the quantum AI market. Data breaches involve the unauthorized access of sensitive information. The rise of IoT and connected devices has expanded the attack surface for cyber-attacks. Quantum AI enhances security by improving encryption, threat detection, and authentication. For example, in May 2024, the Information Commissioner's Office reported a 32.5% increase in cyber-related data breaches in the UK. The growing frequency of data breaches is driving the quantum AI market.
Which Companies Are Leading in the Quantum Artificial Intelligence (AI) Market?
Major companies operating in the quantum artificial intelligence (AI) market are Google LLC, Microsoft Corporation, Alibaba Cloud, AT&T Inc., Amazon Web Services Inc., accenture* plc, International Business Machines Corp., Honeywell International Inc., Fujitsu Limited, Atos SE, Baidu Research, Quantinuum Ltd., Xanadu, Terra Quantum, Quantum Machines, 1QB Information Technologies Inc., Q-CTRL, Rigetti & Co LLC, IonQ Inc., QC Ware, Alice & Bob, D-Wave Quantum Inc., Zapata Computing Inc., Strangeworks Inc., Qulabs, Menten AI
What Are the Major Trends Shaping the Quantum Artificial Intelligence (AI) Market?
Companies in the quantum AI market are working on quantum cloud services to enhance computing power and speed up data processing. Quantum cloud services provide users access to quantum computing resources remotely without owning the hardware. For instance, in July 2024, D-Wave Quantum Systems launched Leap Quantum Cloud Service, which integrates quantum processing with classical resources to support AI/ML tasks such as model training and optimization, enhancing business processes like supply chain optimization.
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What Are the Top Revenue-Generating Geographies in the Quantum Artificial Intelligence (AI) Market?
North America was the largest region in the quantum AI market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the quantum artificial intelligence (AI) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Quantum Artificial Intelligence (AI) Market?
2. What is the CAGR expected in the Quantum Artificial Intelligence (AI) Market?
3. What Are the Key Innovations Transforming the Quantum Artificial Intelligence (AI) Industry?
4. Which Region Is Leading the Quantum Artificial Intelligence (AI) Market?
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