Quantum computing in the technology sector sees recent patents driving innovation, while strategic investments fuel growth in deals. These advancements promise enhanced security, faster data transmission, and energy-efficient solutions, positioning companies at the forefront of this transformative technology. By leading in quantum computing technology and applications, companies secure their place in industry advancements through strategic deals. The impact of quantum computing extends beyond the technology sector, influencing various industries. GlobalData’s quantum computing thematic intelligence report offers insights into key trends, value chain dynamics, and sectoral impacts, with a focus on technology. 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 like Arqit Quantum Inc and NEC Corp are leveraging the latest patents in quantum computing to innovate and improve their businesses. Arqit Quantum Inc's patent focuses on a key exchange protocol for satellite-based quantum networks, enabling secure communication. On the other hand, NEC Corp's patent introduces transmission control techniques in quantum cryptographic communication systems, enhancing signal stability and quality. These advancements in quantum computing technologies offer benefits such as improved security, faster data transmission, and more efficient energy management. By acquiring these patents, companies can stay at the forefront of quantum computing innovation, leading to enhanced capabilities and competitive advantages in the rapidly evolving tech landscape.
The industry experienced a 30% decline in the number of quantum computing-related patent applications in Q1 2024 compared with the previous quarter. On an annual basis, the number of quantum computing-related patent applications in the technology industry witnessed a drop of 3% compared with Q1 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 Q1 2024, the number of quantum computing-related deals in the technology industry declined by 39% compared with Q1 2023. On a quarterly basis, the number of deals in Q1 2024 compared to the previous quarter, remained flat.
Impact on hiring
In terms of new job posting, in Q1 2024, the technology industry experienced a 24% growth compared with the previous quarter. On an annual basis, job postings also declined by 11%. Notably, computer and mathematical occupations, with a share of 24%, emerged as the top quantum computing-related job roles within the technology industry in Q1 2024, with new job postings rising by 4% quarter-on-quarter. Management occupations came in second with a share of 12% in Q1 2024, with new job postings rising by 0% over the previous quarter. The other prominent quantum computing roles include architecture and engineering occupations with a 10% share in Q1 2024, and life, physical, and social science occupations with a 8% share of new job postings.
Microsoft, Alphabet, International Business Machines, IonQ, and Science Applications International 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, China, the UK, Canada and Israel also maintain significant positions in quantum computing adoption within the technology industry.
In conclusion, while quantum computing-related patent applications and deals have seen fluctuations, strategic investments remain vital for companies to stay competitive in this rapidly evolving tech sector. This is evident in the continued growth in job postings, reflecting the industry's ongoing demand for skilled professionals to drive innovation and development in quantum computing technologies.
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.
