Inside Quantum Technology

IQT Research Report Projects Expenditures on Quantum Computing by Banks and other Financial Institution to Reach $631.8 million by 2028

New York, NY: According to a new report from Inside Quantum Technology, worldwide expenditures for Quantum Computing will exceed $630 million in 2027 and then go on to around $2.2 Billion by 2030.

More details on the report, Quantum Computing Applications in the Financial Services Industry:
End-User Cases and Market Forecasts
can be found at:

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About the Report:

This report describes the opportunities, challenges and deployment options surrounding the application of quantum computing in the banking and financial services vertical. It discusses in detail the role that quantum computing plays in portfolio management and construction, currency arbitrage, fraud detection, trade settlements, analytics-driven CRM, credit scoring, risk modeling, tax-loss harvesting and derivative pricing.  In addition, the report looks at quantum computing’s role in accelerating the use of AI and machine learning in the financial services sector.

The report provides a ten-year forecast of what the banking and financial services sector will spend on quantum computing in the next decade, and it discusses the evolution of quantum computing in the financial services sector from the current “proof of concept phase” to widespread usage in a decade or so. The report looks at smaller and less-expensive quantum computers that could, for example, be used in smaller financial institutions and in the role of network computers in transaction networks.

This report concludes with a review of the current plans of what the leading full-stack quantum computer makers are planning for the financial services space. It also provides a focus on sales strategy to sell banks and other financial institutions on using quantum computing.

From the Report:

About IQT Research:

IQT Research is a division of 3DR Holdings, and the first industry analyst firm dedicated to meeting the strategic information and analysis needs of the emerging quantum technology sector.  In addition to publishing reports on critical business opportunities in the quantum technology sector, Inside Quantum Technology produces a daily news website on business-related happenings in the quantum technology field.

3DR Holdings organizes the Inside Quantum Technology conferences. The next conference “Inside Quantum Technology – The Hague” will be held February 21-23, 2022 and covers all aspects of quantum technology.  It will be a hybrid event based in the Netherlands.

For more details on the report, contact:

Lawrence Gasman

Telephone: 434-825-1311

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