Key Takeaways from QC Buyer/Users Study: Most QC Users Foresee Strong QC Budget Growth for 2020-2024
Authors: Bob Sorensen, Earl Joseph
Publication Date: August 2020
Length: 5 pages
According to a recent Hyperion Research study of 115 current and interested QC end-users from both HPC and enterprise IT organizations, the average budget of surveyed QC buyers/users, worth about $3.2 million in 2019, will grow at a 27% CAGR between 2019 and 2024. This growth includes follow-on budget commitments from existing QC users as well as new budget commitments from a tranche of survey respondents who are currently only considering QC involvement. However, the number of organizations that are not yet certain of budget timetables over the next four years remains relatively constant at about 15% of those surveyed. A strong anticipated growth rate in QC end-user budgets implies high expectations for QC developments that can support adequate return on investment or sector-relevant competitive advantage. Current and potential QC users likely will be looking for QC suppliers to roll out a series of steady technological and use case advances that provide assurance that the QC sector is successfully moving to achieve stability, reducing the risk of being an early adopter.
- Extreme scale modeling and simulation
- Data-intensive application workflows
- End-to-end and real-time application workflows
- The development of an advanced ecosystem that spans government, academia, non-profits and industry
- The support of foundational, applied and translational research
- The expansion of a diverse, capable and flexible workforce
Overview of Key Government Support to Quantum Technology Development
Bob Sorensen, Earl Joseph
National governments around the world are moving to enact new quantum computing research activities or expand the scope and ambitions of existing programs, driven by a range of both national security and industrial competitiveness imperatives. The bulk of current and planned programs center on funding basic and advanced research in quantum technologies, primarily at national laboratories or related academic facilities.
March 2020 | Special Analysis
US Government Offers New Advanced Computing Strategy Centered on Key National Priorities
Bob Sorensen, Thomas Gerard
The US Government's Office of Science and Technology Policy (OSTP) recently released a Federal strategic plan for a whole-of-nation approach to pioneering the future national advanced computing ecosystem that targets key application drivers and strategic objectives considered essential to US leadership, economic competitiveness, and national security. The plan specifically called out three critical application areas:
The plan also arrays a number of key strategic objectives, including:
The strategic plan delineates US government agency roles and responsibilities and describes essential operational and coordination structures necessary to support and implement its objectives.
December 2020 | Special Analysis