Project Management

The Dawn of the Quantum Internet

From the Emerging Technologies Blog
by
UPDATED WEEKLY - Today all organizations depend on technological innovation in order to sustain their existence. Analysis of emerging technologies and identification of those technologies with the greatest potential is essential to being prepared for upcoming projects. The objective of this blog is to establish future oriented technology analysis and insights. This blog was established to provide program and project managers with information about these emerging technologies. These emerging technologies have far reaching repercussions for program and project managers. This blog will jump-start the learning process and allow program and project managers to become proactive.

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Quantum technologies continue to advance beyond the expectations of many. At this point there are a dozen technological advances that fit into the emerging technology category. We should forget for a while, about all the fancy titles and get to what is important and that is the issues and opportunities that each of these underlying quantum technologies are likely to create. One of those quantum technologies has emerged recently that looks to have a substantial impact and robust projected market.  For now, let’s look specifically at Quantum Networks. Some are calling this a second quantum revolution. It should be noted that the quantum network is often referred to as Quantum Internet, Quantum Communications, and Quantum Telecommunications.

Quantum networks (QN) function much in the same way as the traditional communications networks that I am sure we are all familiar with. QNs are the result of the integration of quantum computers and quantum communication technologies into an operational system. They operate to transmit data and information in quantum bits (qubits) rather than the bits and bytes that have been in use for decades.  The biggest difference is the level of security (quantum encryption) of the information transmitted over quantum networks. That specific value is the main driver of the market for this emerging quantum technology segment.

According to a new report from Inside Quantum Technology (IQT), the market for quantum networking is expected to reach $5.5 billion USD by 2025.  LINK: https://finance.yahoo.com/news/quantum-networking-5-5-billion-151345253.html  While quantum networks are basically non-existent today, reaching the $5.5 billion USD market estimate they reported will have to have a huge compound annual growth rate (CAGR) over the next few years.  It should be noted that a number of analysts, researchers and advisors believe the quantum internet might be closer than is being projected. At this point there are no referenceable reports available that acknowledges a quantum network in operation today.  Given that piece of information, a substantial amount of work will have to be done in the next five years (by 2025). For those of you that regularly follow this emerging technology blog, I am sure you are beginning to see a pattern here. There are a number of emerging technologies with billions of dollars of market by 2025 and they are adding up to a substantial number of programs and projects that have to take place in the next few years to meet the financial projections put forth by market analysts!

Posted on: January 30, 2020 02:35 AM | Permalink

Comments (4)

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Dear Kevin
Interesting your perspective on the topic: "The Dawn of the Quantum Internet"

Thanks for sharing

Note the 3 conclusions drawn from the Inside Quantum Technology (IQT) report

Is this a replacement for the existing Internet or an addition to the existing Internet?

Dear Kevin,

The emergence of Quantum computing and the increase use of AI and maching learning could be seen as a coincidence but for AI and machine learning to be assistive technologies in the workplace they will need to have a quantum computing backbone.

Daire

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