1. Quantum technology is based on principles of quantum mechanics developed in the early 20th century and describes nature at the atomic scale. The second revolution of quantum technology focuses on quantum computing, communications, and sensing. 2. The document discusses the maturity levels and market sizes of different segments within quantum computing, communications, and sensing. It also analyzes investments and partnerships in the field of quantum technologies globally. 3. Industries like chemicals, pharmaceuticals, automotive, banking and defense are expected to see near term impact from quantum computing capabilities between 2025-2035.

1. 1
Quantum Technology
Overview
Ketan Talele
June 2022

2. TABLE OF CONTENT
Quantum
Technology
Overview
01
Technology
Radar
02 Technology
Maturity
03
Industrial
Maturity
04 Competition
Analysis
05

3. Quantum
Technology
Overview
Executive
Summary

4. 4
Account Intelligence: Philips | Ketan Talele
Key figures
Quantum Technology roadmap & Focus Areas
Strategic Partnerships: 90% of organizations will partner with consulting
companies or full-stack providers to accelerate quantum computing innovation through
2023, according to Gartner
Innovation: 65% of the IDC survey respondent are planning to implement Cloud-
based quantum computing in the next 2 years
Technological Excellence: 97% of Accenture survey respondent believes that
quantum computing will provide enormous growth to the companies across globe
comparable to the growth world experienced in the era of Artificial Intelligence
Quantum Communications: 44% of the IDC survey respondent are planning to
implement quantum networks in their businesses
Opportunity Areas for LTI
Quantum
Computing
Quantum
Communication
Quantum Cloud
Consulting
Services
Automotive
Pharma /
Chemicals
Market Size
USD 421 Mn – USD 8.6 Bn
CAGR: 50.9% (2020 – 2027)
Active Countries & Companies
Considering the positive market outlook, rapid technology evolution speed, pouring private and government investments, it is evident that, Quantum
technology stands to be one of the most disruptive technologies of all time, and competitive advantage will depend on who can leverage quantum to
solve key business problems and generate important insights; making it correct time for LTI to jump into the Quantum race to get an edge over it’s
competitors
Funding
USD 720 Mn – USD 2.1 Bn
(2020 – 2021)
Technology Maturity
Quantum Computing
Quantum Communication
Quantum Sensing

5. Quantum
Technology
Overview
Quantum
Technology
Overview

6. 6
Account Intelligence: Philips | Ketan Talele
“Quantum technologies have the potential to change how the world solve some of the biggest business and societal challenges. The
true impact of quantum will only become clear during the next decade, but smart business leaders are experimenting now” - Pascal
Brier, Chief Innovation Officer Capgemini
Source: IDC, Deloitte, Capgemini, Mckinsey reports
50.9%
CAGR
(2020-2027)
 Quantum Technology is based on the principles of
Quantum mechanics that was developed in the early
20th century to describe nature at the scale of atoms and
elementary particles
 The 1st phase of the technology has provided the
foundations of understanding of the physical world and
led to ubiquitous inventions such as lasers and
semiconductor transistors
 The 2nd revolution is currently underway with the goal of
putting properties of quantum mechanics in the realms of
computing
 The 2nd revolution of the Quantum technology is fairly
focused on 3 subsegments;
 Quantum Computing (QC): It is a advanced
computation technology, which leverages the laws of
quantum mechanics to provide exponential
performance improvement for some applications and
to potentially enable completely new territories of
computing
 Quantum Communications (Qcomms): It is the
secure transfer of quantum information across space.
It could ensure security of communications, enabled
by quantum cryptography, even in the face of
unlimited (quantum) computing power
 Quantum Sensing (QS): It is the new generation of
sensors built from quantum systems. It could provide
measurements of various quantities (e.g., gravity,
time, electromagnetism) that are orders of magnitude
more sensitive than classical sensors
Quantum
Computing
(QC)
Quantum
Sensing
(QS)
Quantum
Communications
(QComms)
It provides new data and
accuracy that classical
sensors cannot provide,
leading to advances in
medical diagnosis,
autonomous
transport, and
intelligent industries
The quantum
internet could
become a secure
communications
network and have a
profound impact on
areas critical to
science, industry,
and national
security
With companies relying on heavy
compute facilities most likely to
benefit, including molecular
design within life science, fluid
dynamics in aerospace, and
stochastic financial models
USD 16.4 Bn
@ 11.3%
(CAGR)
Investments
(2020-2027)
North
America
leads the QT market
with presence of 10
out of 12 hardware
players
USD 2.1 Bn
Funding raised in
2021; triple that of
in 2020
China leads in
QC Comms;
Japan leads in
QT industry
adoption
USD 8.6 Bn
QC Market
(2027)

7. Quantum
Technology
Overview
Technology
Radar

8. 8
Account Intelligence: Philips | Ketan Talele
Technology radar gives a holistic view of how a technology / application will evolve over time, acting as a source of insights to manage
deployment of the technology within the context of specific business goals. Companies can use the radar, to get educated about and
emerging technology within the context of their industry and individual appetite for risk
Technologies Vendors
Concepts Use Cases
Adopt
Trial
Assess
1
2
3
4
6
5
Technologies
Vendors
Use Cases
Concepts
Quamtum
Technology
1
2
3
4
5
6
IBM Quantum Systems is the 400,000+
userbase solution with on-location systems
and cloud services for industry, institutions
and governments globally
Azure Quantum brings together the
innovative quantum computing and
optimization solutions into a single cloud
service
IBM has developed a Quantum ecosystem,
a community of rapidly developing quantum
programs and applications across the entire
quantum technology stack
Microsoft has developed an open source
quantum ecosystem, enabling users to
access quantum software, hardware, and
solutions
Quantum Communication involves
transportation of the information & is an
rapidly evolving landscape
QC for data analytics is transforming
Analytics & AI; despite challenges in scaling
quantum systems &
integrating them into data workflows
Note:
• Adopt: Represents technologies / functions which are established and accepted by industry
• Trial: Represents items which are emerging however yet to find wide acceptance
• Asses: Represents items which are in POC stage and are being looked upon
Source: Secondary Sources

9. Quantum
Technology
Overview
Technology
Maturity

10. 10
Account Intelligence: Philips | Ketan Talele
There’s momentum in all areas of Quantum Technology however; Quantum Computing has the largest estimated market and number of
players
~213
USD 3.3 Bn
USD 9 Bn – 93 Bn
~58
USD 0.3 Bn
USD 1 Bn – 7 Bn
~111
USD 0.6 Bn
USD 1 Bn – 6 Bn
Quantum
Computing
(QC)
Quantum
Sensing
(QS)
Quantum
Communications
(QComms)
Number of players including start-ups and incumbents that
develop or offer QT products
Total raised start-up funding; Based on public investments
in start-ups for 2021
Estimated market 2040
Source: Mckinsey reports

11. 11
Account Intelligence: Philips | Ketan Talele
The core parts of the Quantum Computing ecosystem (hardware and software) do not have commercial products yet. Revenue is generated
mainly through component players, consulting services, and joint research projects
Equipment/
components
Hardware
Systems
Software
Application
Software
Services
 The component segment is
generating significant
revenue through sales to
universities, research
institutes, and technology
companies
 Players range from
specialized QT players to
general manufacturers,
scattered across range of
technologies
 Due to the complexity
of the technology, the
hardware segment has
high risk and long
development times
 The hardware segment
is dominated by
technology giants, with
focus on
superconducting qubits
 The systems software
market is divided between
full-stack players, who
offer programming
languages for their own
hardware, and dedicated
software players offering
hardware-agnostic
solutions
 Existing solutions are
suitable for the small-
scale quantum hardware
and require further
development to support
large-scale quantum
computers
 Despite a large number
of players, application
software is immature and
far from saturated
 Key players are hardware
and systems software
players offering full-stack
solutions; operating across
industries, or focusing on
finance, pharmaceuticals and
chemicals
 Start-ups are focusing on
a specific solution or
industry have emerged in
recently
 The service segment is
split between consulting
services and cloud
services
 The cloud services market
is at an early stage of
development. Players are
offering public access and
premium computing time
on existing hardware, for
education and
experimentation
 Significant growth of
the services segment is
expected once quantum
hardware matures
Quantum
Computing
(QC)
Mature Market Developing Market
Source: Mckinsey reports
Potential focus area for LTI and ISVs

12. 12
Account Intelligence: Philips | Ketan Talele
The Quantum Communication market is being dominated by large established technology players while Quantum Sensing market is at
proto type stage
Source: Mckinsey reports
Equipment/
components
Hardware Systems Software Network Operators Services
Quantum
Communicati
ons
(QComms)
The equipment /
components segment is
split between general
component suppliers and
specialized QT players
Global players dominate
the hardware segment of
; Medium-size start-ups
are finding a place in the
market owing to
technologically advanced
solutions leading to
collaborations
The application software
market is relatively
immature with start-ups
scaling up and developing
niche solutions as per the
industry demand
Telecommunications
providers have started to
invest in QComms; these
are likely to fulfill the role
of quantum network
operators in the future
Consulting services
players are entering the
market however market
maturity is low; with
focus primarily on
information and data
security
Potential focus area for LTI and ISVs
Equipment/components Hardware Application Software
Quantum
Sensing
(QS)
Mature Market Developing Market
Mature Market Developing Market
The component segment of the
QS market is most mature; with
presence of commercial products,
Hardware products are mostly
at the level of prototypes &
require optimization in price,
size, and weight
The application and service
segment has very few players;
and is expected to grow as
hardware matures

13. 13
Account Intelligence: Philips | Ketan Talele
Majority of the investments is in US companies, followed by the UK and Canada, driven primarily by private investors; China and the
European Union lead in announced public funding
Source: Mckinsey reports
195
226
530
639
1,937
46
29
69
333
120
33
39
59
9
45
Others
EU
Canada
UK
US
Private Corporate Public
USD 2,102
Mn
USD 981
Mn
USD 658
Mn
USD 294
Mn
USD 274
Mn
Global Quantum Investment by Investor Type (2020-2021)
0.1
0.2
0.3
0.5
0.6
0.7
1
1
1.2
1.3
7.2
15
Other
Australia
Singapore
Israel
Canada
Russia
India
Japan
UK
US
EU
China
Announced Government Funding (USD Bn)
 The number of Private firms and Governments investing in quantum technologies has increased substantially over the past few years. US leads the private investments with two-thirds of
the global private sector investments
 As a comparison of the growing government interest in quantum technologies, the investments over the six years from 2015 to 2021 there has been a step change across all major economies
particularly China with a 4248% increase in sovereign investments
 China has launched a megaproject for quantum communications and computing, which aims to achieve major breakthroughs in quantum technologies by 2030
 The US government is making major investments in quantum technology. The administration is supporting legislation that would spend over USD 100 Bn to advance emerging technologies,
including quantum computing
 France has announced USD 1.9 Bn strategy to boost research in quantum technologies over five years; France is building a framework to make the country a key player across the entire
quantum ecosystem
 Germany, will be investing USD 2.4 Bn in quantum computing and related technologies over five years; with a scope to build a competitive quantum computer in five years while growing
a network of companies to develop applications

14. Quantum
Technology
Overview
Industrial
Maturity

15. 15
Account Intelligence: Philips | Ketan Talele
Deloitte forecasts that Quantum Computing will give a competitive advantage to 25% of Fortune 500 companies in less than three years,
as variety of experiments in numerous industries are driving quantum computing momentum
Source: Mckinsey reports
Bystanders
Beginners
Amateurs
Professionals
Legends
Healthcare systems
and services
Public & Professional
Services
 There are no
announcements regarding
activities in regards to
Quantum technology
 Players are collaborating
or forming consortia to
explore the Quantum use
cases
Consumer Goods
Insurance
Travel & Logistic
Advanced Industries
Energy and Materials
 Precompetitive activities
have moved to a
competitive stage and
industry players have
started to hire quantum
scientists
Automotive
Chemicals
Pharma & Medical
Aerospace & Defence
Finance
 Players have identified
impact of Quantum and
are including quantum as
a part of growth strategy
Telecommunication,
Media and
Technology
 Quantum innovation has
been verified and use
cases are creating value

16. 16
Account Intelligence: Philips | Ketan Talele
Near-term impact of Quan Computing is expected to be in Chemicals, Pharmaceuticals, Automotive, Banking, and Defense
Source: Mckinsey, Deloitte reports
Industry Key Segments
Impact of Quantum Computing
Industry Size Use Cases
~2025-2030 ~2030-2035
Energy & Materials
Oil & Gas
 Oil shipping/trucking refining process
 Supply Chain
 Quality Control
 Drilling locations optimization
Sustainable Energy
Chemical
Pharma & Medical Pharmaceutical
 Medical/Drug Supply Chain
 Clinical Trial Enhancements
Advanced Industries
Automotive Assembly
 Semiconductor materials discovery
 Materials process optimisation
 Quantum LIDAR / improved sensors
 Advanced materials Research
Aerospace & Defence
Advanced Electronics
Semiconductor
Finance Banking & Insurance
 Transaction settlement
 Insurance pricing optimization
Telecommunications
, Media, and Technology
Telecommunication  Network Optimisation
 Secure Communications
 Quantum-proof encryption
Media
Travel & Logistics Logistic  Vehicle Routing
Consumer Goods Supply Chain  Distribution Supply Chain
Economic value Incremental Significant Disruptive
Economic value (USD Tn)
5-10
5-10
1-5
1-5
1-5
1-5
<1
<1
<1
<1
1-5
1-5
>10

17. Quantum
Technology
Overview
Competition
Analysis

18. 18
Account Intelligence: Philips | Ketan Talele
Among Indian solution providers Infosys is leading from front and has set up an Quantum lab; while TCS is in the research and POC stage.
When it comes to global players, Capgemini, Accenture are ahead in the race and are focused in identifying use cases across industries and
collaborating with Quantum industry leaders
Company Overview Partners Landscape Key Developments
 Infosys has launched ‘Infosys Quantum Living Labs’ for
all its clients across industries and has demonstrated its
quantum capabilities in several areas, including
Logistics, Finance, Cybersecurity, Oil and Gas, and
Healthcare
 Infosys collaborated with Amazon Web Services (AWS) to
develop quantum computing capabilities and use cases.
Infosys will use 'Amazon Braket' to explore and build
multiple use cases in quantum computing as part of Infosys
Cobalt cloud offerings - Sep 2021
 The Computing Systems research team at TCS is
focused on the development of cost effective, high
performing fault tolerant systems for modern
applications by identifying algorithms and applications
that are likely to benefit from quantum computing in
the near future, in addition to design systems
interfacing with quantum computers
 TCS, in collaboration with Office of Principal Scientific
adviser to the government of India (PSA), is reaching out to
the academic, research, startup and technology company
ecosystem to solicit information about their capabilities in
the field of QC and other Quantum Technologies - Jan 2022
 Capgemini is focusing on three areas, Quantum
Computing, Quantum Sensing, and Quantum
Communications
 Their approach is to partner with clients to identify
priority use cases, showcase applications of
quantum technology, and carry out early
experimentation and incubation
 Capgemini launched a dedicated Quantum Lab and
announced a new agreement with IBM to advance industry
applications of quantum computing - Jan 2022
 The German Federal Office for Information Security
commissioned Capgemini and the Fraunhofer Institute for
Intelligent Analysis to conduct a study on Quantum Machine
Learning (QML) in the context of IT security - Nov 2021
 Accenture is well positioned to help clients gain unique
insights through conducting quantum business
experiments, with over 150 use cases mapped
across multiple industries plus two US patents for
quantum computing machine learning module and
multi-state quantum optimization engine products
 Accenture and IonQ collaborated to accelerate quantum
computing business experimentation in organizations
globally and across industries - Sep 2021
Note: Partner list is not exhaustive, have considered recent partnerships Source: Company Website, News Articles, IDC

19. 19
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