Venture Capital
Andrea Alms Video: Money In Motion 34 - Deep Tech Vertical - Quantum Computing
December 2022 - Venture Capital
TRANSCRIPT:
Hello. My name is Andrea Alms. I am technology investor and financial manager and this is your money in motion. On the previous episode we discussed Deep Tech. Today we are focusing on quantum computing. Quick Review. Deep Technologies is a catch all phrase for innovative technologies that potentially offer significant advantages over those currently used. Let's take a look at what makes Quantum computing different from today's commonplace classical computing. Classical computing calculates transition, which represents zero and ones quantum calculates qubits, which represent zeros and ones at the same time. Classical computing increases 1 to 1 ratio with the number of transistors. Quantum power increases exponentially in proportion to the number of qubits. Classical computers have low error rate and operate at room temperature. Quantum computers have high error rate and operate at ultra cold temperatures. Classical is suited for everyday processing. Quantum is suited for optimization problems, data analysis and simulations. Projected global market size is estimated at 9 billion in 2030, at a compound average growth rate of 43% between 2020 and 2030. VMware's report cites quantum computing market size valued at 252 million U.S. dollars in 2020. And projected to reach 1.7 billion by 2028. Growing at 30% compound growth rate from 2021 to 2028. GMI Report cites 500 billion in 2020 and is projected to reach 5 billion by 2028, with a compound average growth rate of 30% between 2020 and 2028. Upon popular request, I was asked to show averages of these estimates. The theoretical averages market size in 2020 is about 337 million and projected average is about 4.4 billion at a compound average growth rate of about 34%. Single digit billion dollar market, yet double digit growth rate. Let's keep an eye on this one. Thank you. This is your money, your money in motion.