$D-Wave Quantum (QBTS.US)$ **Expanding the portfolio is boos...
**Portfolio expansion boosts QBTS growth**
The expanding portfolio in the field of quantum computing of D-Wave Quantum (QBTS) has become a key element driving the company's growth. In the third quarter of 2024, the revenue of Quantum Computing-as-a-Service increased by 41% year-on-year to reach 1.6 million dollars. This growth is attributed to the increase in average revenue per customer, reflecting the high demand for D-Wave's cloud-based quantum computing services.
To further accelerate this momentum, in the third quarter of 2024, a Service Level Agreement (SLA) for Leap Quantum Cloud Services was introduced for customers. It guarantees high availability, reliability, and performance, supporting customers in migrating applications to production environments.
Furthermore, D-Wave's technological advancements have attracted attention from National Security and private institutions. In the third quarter of 2024, there was a Request for Information (RFI) from the U.S. Department of Defense, leading to increased discussions about leveraging annealing quantum computing to optimize services in the public sector.
International deployment is also noteworthy. D-Wave recently announced plans for NTT Docomo, Japan's largest mobile carrier, to utilize D-Wave's technology to optimize mobile network performance and introduce hybrid quantum applications to reduce signal congestion.
As the quantum computing market continues to evolve, QBTS stands to benefit from its growth. According to Grand View Research, the global quantum computing market is predicted to grow at an annual average growth rate (CAGR) of 20.1% from 2024 to 2030.
The expanding portfolio in the field of quantum computing of D-Wave Quantum (QBTS) has become a key element driving the company's growth. In the third quarter of 2024, the revenue of Quantum Computing-as-a-Service increased by 41% year-on-year to reach 1.6 million dollars. This growth is attributed to the increase in average revenue per customer, reflecting the high demand for D-Wave's cloud-based quantum computing services.
To further accelerate this momentum, in the third quarter of 2024, a Service Level Agreement (SLA) for Leap Quantum Cloud Services was introduced for customers. It guarantees high availability, reliability, and performance, supporting customers in migrating applications to production environments.
Furthermore, D-Wave's technological advancements have attracted attention from National Security and private institutions. In the third quarter of 2024, there was a Request for Information (RFI) from the U.S. Department of Defense, leading to increased discussions about leveraging annealing quantum computing to optimize services in the public sector.
International deployment is also noteworthy. D-Wave recently announced plans for NTT Docomo, Japan's largest mobile carrier, to utilize D-Wave's technology to optimize mobile network performance and introduce hybrid quantum applications to reduce signal congestion.
As the quantum computing market continues to evolve, QBTS stands to benefit from its growth. According to Grand View Research, the global quantum computing market is predicted to grow at an annual average growth rate (CAGR) of 20.1% from 2024 to 2030.
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