Updated Financial ROI and Innovation ROR Results from Investments in HPC

According to a recent Hyperion Research study of 135 US quantum computing (QC) technology developers across the academic, commercial and government sectors, the global QC market was worth about $250 million (+/- $30 million) in 2019. Based on an anticipated CAGR of 27% between 2020 and 2024, the global QC market will grow from approximately $320 million in 2020 to $830 million in 2024. On-prem and cloud access QC hardware will comprise about 50% of the global QC market for the next three years, while optimization, physical simulation, and machine learning will near equally divide the algorithm space. This is Hyperion Research's baseline estimate for the rapidly evolving market, and Hyperion Research anticipates providing periodic updates as events, information, and decision-making requirements within the sector dictate.

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:

• • Extreme scale modeling and simulation
  • Data-intensive application workflows
  • End-to-end and real-time application workflows

The plan also arrays a number of key strategic objectives, including:

• • 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

The strategic plan delineates US government agency roles and responsibilities and describes essential operational and coordination structures necessary to support and implement its objectives.