In the hype-tastic world of quantum computing, consulting giant McKinsey & Company claims that the still-nascent field has the potential to create $80 billion in new revenue for businesses across industries.

It's a claim McKinsey has repeated nearly two dozen times on Twitter since March to promote its growing collection of research diving into various aspects of quantum computing, from startup and government funding to use cases and its potential impact on a range of industries.

The consulting giant believes this $80 billion figure represents the "value at stake" for quantum computing players but not the actual value that use cases could create [PDF]. This includes companies working in all aspects of quantum computing, from component makers to service providers.

Despite wildly optimistic numbers, McKinsey does ground the report in a few practical realities. For instance, in a Wednesday report, the firm says the hardware for quantum systems "remains too immature to enable a significant number of use cases," which, in turn, limits the "opportunities for fledgling software players." The authors add that this is likely one of the reasons why the rate of new quantum startups entering the market has begun to slow.

Even the top of McKinsey's page for quantum computing admits that capable systems won't be ready until 2030, which is in line with what various industry players, including Intel, are expecting. Like fusion, it's always a decade or so away.

McKinsey, like all companies navigating if quantum computing has any real-world value, is trying to walk a fine line, exploring the possibilities of quantum computing while showing the ways the tech is still disconnected from ordinary enterprise reality.

"While quantum computing promises to help businesses solve problems that are beyond the reach and speed of conventional high-performance computers, use cases are largely experimental and hypothetical at this early stage. Indeed, experts are still debating the most foundational topics for the field," McKinsey wrote in a December 2021 article about how use cases "are getting real."

One could argue the report is something of a metaphor for the quantum industry in 2022. Wildl optimism about future ecosystem profitability without really understanding what the tech will mean and to whom--and at what scale.

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McKinsey thinks quantum computing could create $80b in revenue ... eventually - The Register

Flashes of what may become a transformative new technology are coursing through a network of optic fibers under Chicago.

Researchers have created one of the worlds largest networks for sharing quantum information a field of science that depends on paradoxes so strange that Albert Einstein didnt believe them.

The network, which connects the University of Chicago with Argonne National Laboratory in Lemont, is a rudimentary version of what scientists hope someday to become the internet of the future. For now, its opened up to businesses and researchers to test fundamentals of quantum information sharing.

The network was announced this week by the Chicago Quantum Exchange which also involves Fermi National Accelerator Laboratory, Northwestern University, the University of Illinois and the University of Wisconsin.

People work in the Pritzker Nanofabrication Facility, June 15, 2022, inside the William Eckhardt Research Center at the University of Chicago. The Chicago Quantum Exchange is expanding its quantum network to make it available to more researchers and companies. Quantum computing is a pioneering, secure format said to be hacker-proof and of possible use by banks, the health care industry, and others for secure communications. (Erin Hooley / Chicago Tribune)

With a $500 million federal investment in recent years and $200 million from the state, Chicago, Urbana-Champaign, and Madison form a leading region for quantum information research.

Why does this matter to the average person? Because quantum information has the potential to help crack currently unsolvable problems, both threaten and protect private information, and lead to breakthroughs in agriculture, medicine and climate change.

While classical computing uses bits of information containing either a 1 or zero, quantum bits, or qubits, are like a coin flipped in the air they contain both a 1 and zero, to be determined once its observed.

That quality of being in two or more states at once, called superposition, is one of the many paradoxes of quantum mechanics how particles behave at the atomic and subatomic level. Its also a potentially crucial advantage, because it can handle exponentially more complex problems.

Another key aspect is the property of entanglement, in which qubits separated by great distances can still be correlated, so a measurement in one place reveals a measurement far away.

The newly expanded Chicago network, created in collaboration with Toshiba, distributes particles of light, called photons. Trying to intercept the photons destroys them and the information they contain making it far more difficult to hack.

The new network allows researchers to push the boundaries of what is currently possible, said University of Chicago professor David Awschalom, director of the Chicago Quantum Exchange.

Fourth-year graduate student Cyrus Zeledon, left, and postdoctoral student Leah Weiss, right, show senior undergraduate Tiarna Wise around one of the quantum science laboratories, June 15, 2022, inside the William Eckhardt Research Center at the University of Chicago. (Erin Hooley / Chicago Tribune)

However, researchers must solve many practical problems before large-scale quantum computing and networking are possible.

For instance, researchers at Argonne are working on creating a foundry where dependable qubits could be forged. One example is a diamond membrane with tiny pockets to hold and process qubits of information. Researchers at Argonne also have created a qubit by freezing neon to hold a single electron.

Because quantum phenomena are extremely sensitive to any disturbance, they might also be used as tiny sensors for medical or other applications but theyd also have to be made more durable.

The quantum network was launched at Argonne in 2020, but has now expanded to Hyde Park and opened for use by businesses and researchers to test new communication devices, security protocols and algorithms. Any venture that depends on secure information, such as banks financial records of hospital medical records, would potentially use such a system.

Quantum computers, while in development now, may someday be able to perform far more complex calculations than current computers, such as folding proteins, which could be useful in developing drugs to treat diseases such as Alzheimers.

In addition to driving research, the quantum field is stimulating economic development in the region. A hardware company, EeroQ, announced in January that its moving its headquarters to Chicago. Another local software company, Super.tech, was recently acquired, and several others are starting up in the region.

Because quantum computing could be used to hack into traditional encryption, it has also attracted the bipartisan attention of federal lawmakers. The National Quantum Initiative Act was signed into law by President Donald Trump in 2018 to accelerate quantum development for national security purposes.

In May, President Joe Biden directed federal agency to migrate to quantum-resistant cryptography on its most critical defense and intelligence systems.

Ironically, basic mathematical problems, such as 5+5=10, are somewhat difficult through quantum computing. Quantum information is likely to be used for high-end applications, while classical computing will likely continue to be practical for many daily uses.

Renowned physicist Einstein famously scoffed at the paradoxes and uncertainties of quantum mechanics, saying that God does not play dice with the universe. But quantum theories have been proven correct in applications from nuclear energy to MRIs.

Stephen Gray, senior scientist at Argonne, who works on algorithms to run on quantum computers, said quantum work is very difficult, and that no one understands it fully.

But there have been significant developments in the field over the past 30 years, leading to what some scientists jokingly called Quantum 2.0, with practical advances expected over the next decade.

Were betting in the next five to 10 years therell be a true quantum advantage (over classical computing), Gray said. Were not there yet. Some naysayers shake their canes and say its never going to happen. But were positive.

Just as early work on conventional computers eventually led to cellphones, its hard to predict where quantum research will lead, said Brian DeMarco, professor of physics at the University of Illinois at Urbana-Champaign, who works with the Chicago Quantum Exchange.

Thats why its an exciting time, he said. The most important applications are yet to be discovered.

rmccoppin@chicagotribune.com

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Chicago Quantum Exchange takes first steps toward a future that could revolutionize computing, medicine and cybersecurity - Chicago Tribune

While business leaders expect quantum computing to play a significant role in industry by 2030, some experts don't believe the tech is going to be ready for production deployment in the near future.

The findings, from a survey titled "2022 Quantum Readiness" commissioned by consultancy EY, refer to UK businesses, although it is likely that the conclusions are equally applicable to global organizations.

According to EY, 81 percent of senior UK executives expect quantum computing to have a significant impact in their industry within seven and a half years, with almost half (48 percent) believing that quantum technology will begin to transform industries as soon as 2025.

As for the naysayers who say quantum tech won't be ready for live deployment any time soon, the industry also suffers from a hype problem, with capabilities being exaggerated and even some accusations flying around of alleged falsification, as with the example of quantum startup IonQ that was recently accused by Scorpion Capital of misleading investors about the effectiveness of its quantum hardware.

Joseph Reger, Fujitsu Fellow, CTO of Central and Eastern Europe and Member of Quantum Computing Council of World Economic Forum, told The Register he is getting some "heat" for saying quantum is not nearly a thing yet.

"There are impressive advantages that pre-quantum or quantum-inspired technologies provide. They are less sexy, but very powerful."

He added: "Some companies are exaggerating the time scales. If quantum computing gets overhyped, we are likely to face the first quantum winter."

Fujitsu is itself developing quantum systems, and announced earlier this year that it was working to integrate quantum computing with traditional HPC technology. The company also unveiled a high performance quantum simulator based on its PRIMEHPC FX 700 systems that it said will serve as an important bridge towards the development of quantum computing applications in future.

Meanwhile, EY claims that respondents were "almost unanimous" in their belief that quantum computing will create a moderate or high level of disruption for their own organization, industry sector, and the broader economy in the next five years.

Despite this, the survey finds that strategic planning for quantum computing is still at an embryonic stage for most organizations, with only 33 percent involved in strategic planning for how quantum will affect them and only a quarter have appointed specialist leaders or set up pilot teams.

The survey conducted in February-March 2022 covered 501 UK-based executives, all with senior roles in their organisations, who had to demonstrate at least a moderate (but preferably a high) level of understanding of quantum computing. EY said they originally approached 1,516 executives, but only 501 met this requirement, which in and of itself tells a tale.

EY's Quantum Computing Leader, Piers Clinton-Tarestad, said the survey reveals a disconnect between the pace at which some industry leaders expect quantum to start affecting business and their preparedness for those impacts.

"Maximizing the potential of quantum technologies will require early planning to build responsive and adaptable organisational capabilities," he said, adding that this is a challenge because the progress of quantum has accelerated, but it is "not following a steady trajectory."

For example, companies with quantum processors have increased the power of their hardware dramatically over the past several years, from just a handful of qubits to over a hundred in the case of IBM, which expects to deliver a 4,158-qubit system by 2025. Yet despite these advances, quantum computers remain a curiosity, with most operational systems deployed in research laboratories or made available via a cloud service for developers to experiment with.

Clinton-Tarestad said "quantum readiness" is "not so much a gap to be assessed as a road to be walked," with the next steps in the process being regularly revisited as the landscape evolves. He warned businesses that expect to see disruption in their industry within the next three or five years need to act now.

According to EY's report, executives in consumer and retail markets are those most likely to believe that quantum will play a significant role by 2025, with just over half of technology, media and telecommunications (TMT) executives expecting an impact within the same time frame. Most respondents among health and life sciences companies think this is more likely to happen later, between 2026 and 2035.

Most organizations surveyed expect to start their quantum preparations within the next two years, with 72 percent aiming to start by 2024.

However, only a quarter of organizations have got as far as recruiting people with the necessary skills to lead quantum computing efforts, although 68 percent said they are aiming to set up pilot teams to explore the potential of quantum for their business by 2024.

Fear of falling behind because rival companies are working to develop their own quantum capabilities is driving some respondents to start quantum projects, while the applications of quantum computing anticipated by industry leaders would advance operations involving AI and machine learning, especially among financial services, automotive and manufacturing companies. TMT respondents cited potential applications in cryptography and encryption as being the most likely use of quantum computing.

While the EY report warns about companies potentially losing out to rivals on the benefits of quantum computing, there are also dangers that organizations should be preparing for now, as Intel warned about during its Intel Vision conference last month.

One of these is that quantum computers could be used to break current cryptographic algorithms, meaning that the confidentiality of both personal and enterprise data could be at risk. This is not a far-off threat, but something that organizations need to consider right now, according to Sridhar Iyengar, VP of Intel Labs and Director of Security and Privacy Research.

"Adversaries could be harvesting encrypted data right now, so that they can decrypt it later when quantum computers are available. This could be sensitive data, such as your social security number or health records, which are required to be protected for a long period of time," Iyengar told us.

Organizations may want to address threats like this by taking steps such as evaluating post-quantum cryptography algorithms and increasing the key sizes for current crypto algorithms like AES.

Or they may simply decide to adopt a wait and see attitude. EY will no doubt be on hand to sell consultancy services to help clarify their thinking.

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Businesses brace for quantum computing disruption by end of decade - The Register

New York, June 14, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Next Generation Computing Market Size, Share & Industry Trends Analysis Report By Type, By Component, By Offering, By Organization Size, By End User, By Regional Outlook and Forecast, 2022 2028" - https://www.reportlinker.com/p06283453/?utm_source=GNW Its also known as high-performance computing, and it employs quantum computing technologies. It processes data with quantum bits, rather than traditional computers. Furthermore, when compared to traditional computers, next-generation computing is more capable of doing complex computations, which is a primary driving force behind the markets expansion. Its also used in aerospace and defence, banking and financial services, healthcare and life science, energy and utilities, manufacturing, information technology and telecommunications, and other fields.

The next-generation computing industry is driven by several factors, including increased investments in next-generation computing technology, increased demand for high-performance computing, and increased demand for next-generation computing from scientific science and the capital industry. Over the forecast period, factors such as rising expenditures in artificial intelligence (AI), Industrial Internet of Things (IIoT), and engineering, which involve electronic design automation (EDA), are expected to boost the market.

Without the necessary tools and advanced technologies, meeting the escalating need for quick product development cycles (PLCs) and maintaining consistent quality becomes nearly impossible in real-time. Various sectors, such as automobile and medical robots, are using next-generation computing systems with computer-aided engineering programs for high-fidelity modelling simulation.

Machine learning (ML), Physical modelling, and optimization, in a variety of industrial applications, including financial modelling and life science simulation, are just a few examples of how next-generation computing may help solve complicated issues quickly. In addition, regulatory standards for energy consumption, sustainability, and safety, along with cost pressure, are at an all-time high around the world and are increasing rapidly, leading to increased complexity for development engineers.

COVID-19 Impact

The market for next-generation computing has grown in recent years; but, following the outbreak of the COVID-19 pandemic, the sector would see a minor fall in software sales in 2020. This is due to governments in the majority of countries putting the country on lockdown and shutting down cities to avoid the virus from spreading. Following the recuperation from the COVID-19 pandemic, the next-generation computer sector is expected to thrive in the future years. Moreover, several firms around Asia are implementing modern computer technologies to better their business processes and operational efficiency. Furthermore, several countries have implemented quantum computing apps and utilized quantum computing solutions for their health and life sciences operations, all without the virus spreading to the general population.

Market Growth Factors

High demand in science and healthcare sector

Advances in genetic, personalized medicine, the mass acceptance of health records (EHRs) and digital photography, as well as the growing multiplication of medical IoT and mobile devices have resulted in a massive growth of structured or unstructured healthcare-related data. The healthcare business has always been at the cutting edge of technology adoption for the past two decades, due to the rising need for data analysis. Furthermore, one of the primary elements that complemented the acceptance of powerful computational solutions in the industry was the necessity to hasten drug development and genomics-related research. The use of AI in the medical field to assist healthcare professionals with diagnoses has been a big enabler for the adoption of these technologies in industrial settings.

Innovations in next-generation computing technology

The rise of next-generation computing technologies such as high-performance processing and quantum technology, as well as continuous prospective advances noticed by major sectors, are driving market expansion. For example, industry behemoths like NASA, Lockheed Martin, Goldman Sachs Group, and other government agencies are investing in this technologys research and development. Another example, Google LLC teamed up with NASA and Oak Ridge National Laboratory in October 2019 to create the greatest quantum information service in the world. Sandia National Laboratories will also receive million from the US Department of Energys Innovative Scientific Computing Research Programs.

Market Restraining Factors

Lack of Utilization by SMEs

Many SMEs are unaware of the importance of Next-Generation Computing Market and lack the financial resources to put up such systems. Due to the high investment costs, many SMEs in underdeveloped countries are still hesitant to embrace Next-Generation Computing. Many of them are ignorant of the numerous benefits, such as improved performance and customized delivery. These businesses also lack the skills and know-how required to set up and maintain an Next-Generation Computing system. As a result, lack of awareness amongst SMEs hinders market expansion. Cloud computing, on the other hand, has the potential to increase adoption among SMEs by significantly lower prices.

Type Outlook

Based on Type, the market is segmented into High Performance Computing, Quantum Computing, Energy Efficiency Computing, Memory Based Computing, Approximate & Probabilistic Computing, Brain Type Computing, Optical Computing, Thermodynamic Computing, and Others. The high performance computing segment acquired the highest revenue share in the Next-Generation Computing Market in 2021. Parallel computational and Supercomputers techniques, processing algorithms, and systems are used in high-performance computing to address complicated computational problems. Next-Generation Computing uses a variety of approaches, such as computer modelling, simulation, and analysis, to solve complex computational problems and conduct research while allowing multiple users to access computing resources at the same time.

Component Outlook

Based on Component, the market is segmented into Hardware, Software, and Services. The software segment witnessed a substantial revenue share in the Next-Generation Computing Market in 2021. The implementation of this software improves customer satisfaction in several works for large such as IT & telecommunications, BFSI, and healthcare, maximizing the demand for existing customers while lowering operating costs. This supports the implementation of solutions that are required to properly manage the software.

Offering Outlook

Based on Offering, the market is segmented into On-premise and Cloud. The On-premise segment acquired the maximum revenue share in the Next-Generation Computing Market in 2021. The aspects that can be credited as governments continue to be interested in obtaining sensitive data defense and security and private details of citizens, businesses are worried about the protection of their administrative data. This is due to a variety of benefits provided by the on-premise implementation, including a strong level of data protection and safety. As a result, on-premise infrastructure is preferred over cloud-based technology. In the coming years, such factors are expected to boost the on-premise segments growth.

Organization size Outlook

Based on Organization size, the market is segmented into Large Enterprises and Small & Medium Enterprises. The small & medium enterprises segment registered a substantial revenue share in the Next-Generation Computing Market in 2021. This is because SMEs are migrating their organizations to a digital platform and implementing next-generation computing solutions, permitting businesses to become more productive, intelligent, and efficient.

End User Outlook

Based on End User, the market is segmented into Government, BFSI & Telecom, Space & Defense, Energy & Power, Chemicals, Healthcare, Academia, and Others. The government segment garnered the highest revenue share in the Next-Generation Computing Market in 2021. The rise of the Next-generation computing is being fueled by governments investing in breakthrough technologies for military and defense, law enforcement, and the Securities and Exchange Commission to detect fraud risk and identify trade infractions. This is due to the government and defense agencies active adoption of cutting-edge IT systems to improve computing efficiency.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America garnered the largest revenue share in the Next-Generation Computing Market in 2021. To increase their regional coverage and reach, regional market sellers have formed new partnerships with other companies. For example, Graph core developed its partner programme to expand its ability to contact new customers and help them scale up using its intelligence processing unit (IPU) products. To increase its presence in the North American market, the company added many new partners to its partner network, including Applied Data Systems and Images ET Technologies, among others.

The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Google LLC and Microsoft Corporation are the forerunners in the Next-Generation Computing Market. Companies such as IBM Corporation, Oracle Corporation and Intel Corporation are some of the key innovators in the Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Atos Group, Cisco Systems, Inc., Hewlett-Packard Enterprise Company, Amazon Web Services, Inc., Microsoft Corporation, Intel Corporation, Oracle Corporation, Google LLC, and Alibaba Group Holding Limited.

Recent strategies deployed in Next-Generation Computing Market

Partnerships, Collaborations and Agreements:

Feb-2022: Hewlett Packard Enterprise joined hands with Ayar Labs, the leader in chip-to-chip optical connectivity. Together, the companies aimed to escort a new era of data centre innovation by growing silicon photonics solutions based on optical I/O technology. Additionally, the modernization of these technologies would support future demands for high-performance computing and artificial intelligence solutions.

Feb-2022: Amazon Web Services came into a partnership with Kyndryl, the information technology infrastructure services provider. Together, the companies aimed to provide separate skills, expertise, and global resources to assist consumers in upgrading enterprises through Industry-based companies cloud services and solutions. Additionally, AWS would provide solutions for Kyndryls top industry consumers across the world, Kyndryl plans to build out its internal architecture in the cloud, using AWS as a prefered cloud supplier.

Jan-2022: Amazon signed a multi-year agreement with Stellantis, a leading global mobility and automaker supplier. Through this agreement, the companies aimed to transform the in-vehicle experience for millions of Stellantis consumers and modernize the mobility industrys transition to a defendable software explained future.

Jan-2022: Oracle Cloud Infrastructure came into a partnership with Syntax, a leading provider of multi-cloud and mission-critical application managed services. Through this partnership, the companies would allow on-premises Oracle E-Business offering consumers to roam or extend their solutions by taking benefits of OCIs low price, better performance, enhanced scalability, and a broad array of platform services.

Jan-2022: Microsoft joined hands with Qualcomm Technologies, an American multinational corporation. Together, the companies aimed to boost the adaptation of augmented reality in both the customers and business sector. Additionally, Qualcomm Technologies is working with Microsoft around various actions to propel the environment, developing custom AR chips to allow a new wave of power-efficient, lightweight AR glasses to provide immersive and rich experiences, and plans to combine software such as Microsoft Mesh and Snapdragon Spaces XR Developer Platform.

Nov-2021: Amazon Web Services formed a partnership with Nasdaq, an online global marketplace for buying and trading securities. Through this partnership, the companies aimed to build the next generation of cloud authorized architecture for the worlds capital markets, helping to boost innovation and enhance enterprise procedures.

Nov-2021: IBM formed a partnership with Amazon Web Services, a subsidiary of Amazon providing on-demand cloud computing platforms. Together, the companies aimed to integrate the advantages of IBM Open Data for companies for IBM Cloud Pak for Data and the AWS Cloud to provide energy consumers. Additionally, the solution would run on the AWS Cloud and streamline the capacity for consumers to run work tasks in the AWS cloud and on-premises. Moreover, the companies would collaborate on further advancement of future functionality to offer better flexibility and choice on where to run OSDU applications.

Nov-2021: Google Cloud joined hands with Genesys Telecommunications, a full-service contact centre solution. Together, the companies aimed to create new next-generation AI, data analytics and machine learning applications that would help enterprises provide stronger, more instinctive and active experiences.

Oct-2021: Cisco system extended its partnership with Tata Communications, an Indian telecommunications company. Together, the companies aimed to enhance companies with easy and simple to manage, deploy, and analyse IT infrastructure for providing anytime, anywhere access. Additionally, Cisco Meraki with Tata Communications environment to provide a leading offering of next-generation cloud-managed Wi-Fi services based on the advanced Wi-Fi 6 technology and SD-WAN services around multiple enterprises. Moreover, the integrated expertise assures smooth lifecycle management and advanced consumer experience to the companys stakeholders with greater efficiency, security, and agility.

Jul-2021: Google Cloud entered into a partnership with AT&T, an American multinational conglomerate holding company. Through this partnership, the companies aimed to provide transformative abilities that assist enterprises to propel real value and build industry-changing experiences in healthcare, retail, entertainment, manufacturing, and more, with the capabilities to use Android, Google Maps, augmented reality, Pixel, and virtual reality, and other solutions around Google for more enveloping consumer experiences.

Jun-2021: Google Quantum AI formed a partnership with Boehringer Ingelheim, a world-leading contract manufacturer of biopharmaceuticals. Together, the companies aimed to implement and research cutting-edge use cases for quantum computing in pharmaceutical research and development, particularly molecular dynamics simulations.

Mar-2021: Intel teamed up with IBM, an American multinational technology corporation. Through this collaboration, the companies aimed to boost semiconductor production innovation across the environment, improve the challenges of the U.S. semiconductor enterprise and support key U.S. government actions.

Product Launches and Product Expansions:

Apr-2022: IBM introduced IBM z16, the first integrated on-chip AI accelerator. The chip provides latency advanced assumptions designed to allow consumers to analyze real-time transactions at scale on crucial applications. Additionally, IBM z16 is developed to protect consumers from harvest now, and decrypt later attacks with the companys first quantum-secure system.

Feb-2022: Atos introduced the BullSequana XH3000, a new exascale-class supercomputer. The hybrid computing platform provides incomparable flexibility and performance to allow top researchers and scientists to advance research in sectors including weather forecasting and climate change, genomics, and new drug discovery. Additionally, BullSequana XH3000 are manufactured and designed in Europe at its factory in Angers, France, this is Atos most powerful and organized supercomputer and a crucial element in securing digital and economic jurisdiction.

Nov-2021: Oracle introduced Oracle Cloud Infrastructure AI services. The AI provides a compilation of services that make it accessible for developers to apply AI services to applications without demanding data science expertise.

Oct-2021: Intel introduced the 12th Gen Intel Core family, along with Intel Core i9-12900K. The new processor provides a new performance hybrid infrastructure that provides leaps in multi-threaded performance, allowing up to 2 times quick content creation compared to prior generation2.

Sep-2021: Oracle introduced Oracle Exadata X9M platforms, the industrys fastest and most affordable systems. The Exadata X9M portfolio provides Oracle Exadata Database Machine X9M and Exadata Cloud@Customer X9M, the only platform that runs Oracle Autonomous Database in consumer data centres.

May-2021: IBM introduced a 2-nanometer nanosheet technology semiconductor. This chip plays a crucial role in everything from computing to communication devices, to appliances, transportation structure, and crucial infrastructure.

May-2021: Google introduced Tensor Processing Units AI chips. The next-generation custom chip offers the fourth generation of chips which provides twice as fast as the last variant.

Mar-2021: Cisco introduced a new offering of networking systems. The suite offers three core elements such as full-stack visibility of network applications, expanded secure access service edge architecture, and new network-as-a-service solutions developed to provide modest IT and flexible accession for consumers looking for quick speed, scale, and agility. Additionally, the portfolio is designed to allow consumers to build the infrastructure for enterprise in the new world defined by the Covid-19 pandemic.

Acquisitions and Mergers:

Mar-2022: Google signed an agreement to acquire Mandiant, a publicly traded American cybersecurity firm. This acquisition of Mandiant would achieve Google Clouds existing strengths in security. Additionally, Google Cloud provide consumers with a robust set of services including advanced abilities such as BeyondCorp Enterprise for Zero Trust and VirusTotal for malevolent content and software susceptibility.

Feb-2022: Intel Corporation took over Tower Semiconductor, a leading foundry for analogue semiconductor solutions. This acquisition would advance Intels IDM 2.0 strategy as the enterprise further expands its production abilities, global footprint and technology offering to address extraordinary industry requirements.

Oct-2021: Atos took over DataSentics, a technology consultancy specialising in data science. Through this acquisition, Atos would improve its AI/ML and Computer Vision offering with new AI-intensive products and data science abilities and welcome highly-skilled professionals of approximately 100 AI/ML engineers and data scientists.

Nov-2020: IBM completed the acquisition of Instana, a leading enterprise application and observability performance monitoring platform. This acquisition aimed to help enterprises to better control the problems of advanced applications that span the hybrid cloud landscape.

Mar-2020: Microsoft completed the acquisition with Affirmed Networks, a cloud-native networking solutions for telecom operators. Under this acquisition, the company aimed to target wide cloud suppliers looking to get intensity into the telco enterprise.

Scope of the Study

Market Segments covered in the Report:

By Type

High Performance Computing

Quantum Computing

Energy Efficiency Computing

Memory Based Computing

Approximate & Probabilistic Computing

Brain Type Computing

Optical Computing

Thermodynamic Computing

Others

By Component

Hardware

Software

Services

By Offering

On-premise

Cloud

By Organization size

Large Enterprises

Small & Medium Enterprises

By End User

Government

BFSI & Telecom

Space & Defense

Energy & Power

Chemicals

Healthcare

Academia

Others

By Geography

North America

o US

o Canada

o Mexico

o Rest of North America

Europe

o Germany

o UK

o France

o Russia

o Spain

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Global Next Generation Computing Market Size, Share & Industry Trends Analysis Report By Type, By Component, By Offering, By Organization Size, By...