Quantum computing is making significant strides in the technology sector, with companies like IBM, Huawei, and NVIDIA developing innovations to boost data security and computational efficiency. Recent patents, such as IBM’s RF-to-DC converter and Huawei’s quantum key distribution protocol, highlight how these companies are pushing the boundaries of quantum technology. Despite fluctuations in patent applications and deal activities, the industry’s focus on strategic investments continues to drive progress. GlobalData’s quantum computing market report provides comprehensive analysis of the market. Buy the report here.
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This article presents a quarterly round-up of the latest trends in the technology industry regarding quantum computing. It provides an overview of recent developments in quantum computing-related deals, talent acquisition, and patent filings within the technology industry.
Diverse applications of quantum computing in technology industry
Technology companies are increasingly leveraging advancements in quantum computing to enhance their operational capabilities and secure data communications. Recent patents highlight innovations such as IBM's RF-to-DC converter, which optimizes voltage generation based on RF frequencies, and Beijing Qboson’s secure data communication method that protects sensitive information through secret sharing algorithms. Huawei's multi-user quantum key distribution protocol enables secure key-sharing among multiple parties, while Quantum Machines' controller architecture improves pulse generation for controlled systems. Additionally, NVIDIA's intra-datacenter quantum key distribution network enhances security in data centers. These technologies collectively promise to bolster data security, improve computational efficiency, and facilitate robust communication systems, positioning these companies at the forefront of quantum innovation.
The industry experienced a 26% decline in the number of quantum computing-related patent applications in Q2 2024 compared with the previous quarter. On an annual basis, the number of quantum computing-related patent applications in the technology industry witnessed a rise of 12% compared with Q2 2023.
Strategic deal trends in quantum computing in technology industry
Technology companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in quantum computing. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of quantum computing in the technology industry.
In Q2 2024, the number of quantum computing-related deals in the technology industry grew by 20% compared with Q2 2023. On a quarterly basis, there was 14% drop in the number of deals in Q2 2024 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q2 2024, the technology industry experienced a 5% growth compared with the previous quarter. On an annual basis, job postings also grew by 34%. Notably, computer and mathematical occupations, with a share of 26%, emerged as the top quantum computing-related job roles within the technology industry in Q2 2024, with new job postings drop by 37% quarter-on-quarter. Architecture and engineering occupations came in second with a share of 17% in Q2 2024, with new job postings rising by 60% over the previous quarter. The other prominent quantum computing roles include management occupations with a 13% share in Q2 2024, and life, physical, and social science occupations with a 9% share of new job postings.
IonQ, Alphabet, Science Applications International, Amazon Web Services, and International Business Machines are among the top companies leading in quantum computing hiring within the technology industry.
Countries driving adoption of quantum computing in technology industry
The US is the leading country in quantum computing adoption within the technology industry, boasting the highest number of quantum computing-related patents, jobs, and deals. Meanwhile, Canada, China, the Netherlands and Australia also maintain significant positions in quantum computing adoption within the technology industry.
In conclusion, while the number of quantum computing-related patent applications has fluctuated, strategic investments and growing job postings indicate a strong commitment to advancing this technology. The sector's continued focus on innovation and security underscores its potential to reshape computational capabilities and data management.
To further understand GlobalData's analysis on quantum computing in the technology industry, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData patent analytics tracks patent filings and grants across companies and themes. Proprietary databases on deals and job analytics are used to respectively monitor global deal activity and uncover insights from daily job postings to identify trends, company activities, and industry dynamics across different sectors globally.
