Global quantum computing start-ups attracted £1.2 billion in funding last year, up 9% from 2023, and they are projected to receive an additional £40 billion over the next decade, according to a study by the UK-based investment and advisory firm Heligan Group.
“Every day we inch closer to realising commercial quantum usage for real applications,” Will Ashford-Brown, the head of strategic insights a Heligan, said in a statement. “It would seem we are at the point where commercial application, investment and opportunity are knocking at the door,” he added.
Ashford-Brown believes that projections for the market for quantum computing to grow from £412 million in 2020 to £8.6 billion in 2027 are an underestimation given the surge in demand that a new generation of computing platforms could soon trigger.