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Quantum Computing in Chemistry Market Size to Grow USD 108.5 Million by 2030 at a CAGR of 10.5% | Valuates Reports

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BANGALORE, India, June 11, 2024 /PRNewswire/ — Quantum Computing in Chemistry Market is Segmented by Type (Quantum Hardware, Quantum Software), by Application (Chemical Plant, Research Institute, Other): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global Quantum Computing in Chemistry market was valued at USD 54 Million in 2023 and is anticipated to reach USD 108.5 Million by 2030, witnessing a CAGR of 10.5% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Quantum Computing in Chemistry Market:

The growth of the quantum computing in chemistry market is driven by the technology’s potential to revolutionize molecular simulations and chemical analysis, offering unprecedented accuracy and speed. Quantum computers can handle complex calculations and simulations that are infeasible for classical computers, enabling detailed modeling of chemical reactions, material properties, and drug interactions at a quantum level. This capability accelerates the discovery of new materials, pharmaceuticals, and chemical processes, making quantum computing a valuable tool for research and development in the chemical industry. Additionally, increasing investments in quantum computing technology and collaborations between tech companies and chemical research institutions are propelling the market’s expansion.

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TRENDS INFLUENCING THE GROWTH OF QUANTUM COMPUTING IN CHEMISTRY MARKET:

Because it allows for sophisticated simulations and modeling that traditional computers are unable to perform effectively, quantum software at research institutions is a major factor in the growth of the quantum computing industry in chemistry. This program makes it possible for scientists to precisely model chemical reactions and molecular interactions at the quantum level, which is essential for the development of novel substances, materials, and chemical processes. The accuracy and speed of quantum calculations make it easier to address challenging chemical issues like protein folding, catalyst design, and reaction dynamics, which can result in previously unthinkable discoveries. Research institutes are utilizing quantum software to advance chemical research, draw funding, promote cooperation, and quicken the creation of useful quantum computer applications for the chemical sector.

One key element propelling the development of quantum computing in the chemical industry is the progress made in quantum hardware. Recent advances in quantum gate operations, coherence times, error correction, and qubit design have greatly improved the efficiency and dependability of quantum computers. More qubits may be included into quantum systems with improved hardware, boosting their computing capacity and enabling more intricate chemical simulations. Various innovations, including topological qubits, trapped ions, and superconducting qubits, provide different ways to construct scalable quantum computers. The advancement of hardware technology lowers the entrance barrier for high-fidelity quantum simulations, hence increasing the accessibility and practicality of quantum computing for chemists and researchers working in the field.

The intricacy of the issues that need to be solved in chemistry is one of the main causes propelling the development of quantum computing in that field. The exponential increase in complexity that comes with modeling molecular structures and chemical reactions is a challenge for conventional computing techniques, such as classical computers. Superposition and entanglement are two concepts that quantum computers may use to process and simulate these complicated systems more effectively. Because quantum computing can handle several variables and interactions at once, it is ideally suited to address complex chemical processes that would otherwise be computationally prohibitive. For example, it becomes possible to comprehend intricate catalytic reaction pathways and precisely anticipate the behavior of massive macromolecules, which opens up new avenues for chemical study and development.

The need for novel compounds and medications is one of the main forces behind quantum computing in chemistry. Industries including manufacturing, energy, and medicines are always looking for creative ways to create new chemicals, materials, and medications. Through better insights into molecular interactions and the ability to build more powerful medications and sophisticated materials, quantum computing holds the potential to completely transform various sectors of the economy. Quantum simulations, for instance, can be used to find new compounds with certain qualities or to improve catalysts for chemical reactions that use less energy. The capacity to efficiently and precisely simulate intricate chemical systems expedites the process of research and development, satisfying the increasing need for state-of-the-art advancements in these vital domains.

The introduction of quantum computing in chemistry is mostly being driven by the need for a competitive edge. Businesses that use quantum computing technology can outperform their rivals by cutting expenses, speeding up research and development, and improving the accuracy of their chemical analysis. Faster discovery cycles and more effective chemical process optimization are made possible by quantum computing, which shortens the time it takes for new goods to reach the market. This edge over competitors is especially important in sectors like medicines, where being first to market may yield large financial rewards. By strategically using quantum computing, businesses may maintain their competitive edge in innovation, draw in top personnel, and maintain their leadership positions in the chemical sector.

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QUANTUM COMPUTING IN CHEMISTRY MARKET SHARE ANALYSIS:

North America is a market leader for quantum computing in chemistry, especially the United States. Both the governmental and commercial sectors have made significant expenditures in quantum technology, which is the reason for its supremacy. To encourage research and development in quantum computing, the US government has started a number of noteworthy projects, such as the National Quantum Initiative Act. Leading computer giants with American headquarters, like IBM, Google, and Microsoft, have set up specialized laboratories for quantum research, propelling the development of quantum hardware and software. Furthermore, universities and research centers in North America are leading the way in quantum chemistry research and collaborating with business to create useful applications. A vibrant market is created by the region’s robust venture capital environment, which helps firms that focus on quantum computing.

Key Players:

D-Wave SolutionsRigetti ComputingIntelAnyon Systems Inc.Cambridge Quantum Computing LimitedOrigin Quantum Computing TechnologyQuantum Circuits, Inc.

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  The global market for Quantum Cryptography was estimated to be worth USD 3695.1 Million in 2023 and is forecast to a readjusted size of USD 16360 Million by 2030 with a CAGR of 23.4% during the forecast period 2024-2030.

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–  The global Quantum Computers market was valued at USD 101 Million in 2023 and is anticipated to reach USD 527.9 Million by 2030, witnessing a CAGR of 26.8% during the forecast period 2024-2030.

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–  The global Quantum Control Software market was valued at USD 65 Million in 2023 and is anticipated to reach USD 157.1 Million by 2030, witnessing a CAGR of 5.6% during the forecast period 2024-2030.

–  The global Quantum Dot (QD) Display market was valued at USD 4428 Million in 2023 and is anticipated to reach USD 5507.7 Million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.

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–  The quantum photonics market was valued at USD 0.30 Billion in 2022, and is estimated to reach USD 5.3 Billion by 2032, growing at a CAGR of 33.2% from 2023 to 2032.

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–  Automotive Quantum Computing Market was valued at USD 103 Million in 2022 and is anticipated to reach USD 1127.1 Million by 2029, witnessing a CAGR of 49.0% during the forecast period 2023-2029.

–  Quantum Measurement Sensor Market

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–  The global Cadmium Free Quantum Dot market is projected to reach USD 10620 Million in 2029, increasing from USD 3842 Million in 2022, with the CAGR of 15.7% during the period of 2023 to 2029.

–  The global High-performance Computing System market is projected to reach USD 64890 Million in 2029, increasing from USD 31970 Million in 2022, with the CAGR of 10.7% during the period of 2023 to 2029.

–  The global Cloud High Performance Computing (HPC) market was valued at USD 6862.1 Million in 2023 and is anticipated to reach USD 14620 Million by 2030, witnessing a CAGR of 11.3% during the forecast period 2024-2030.

–  High Performance Computing (HPC) Storage Market

–  The global market for High Bandwidth Memory (HBM) was estimated to be worth USD 767.1 Million in 2023 and is forecast to a readjusted size of USD 4902.4 Million by 2030 with a CAGR of 25.5% during the forecast period 2024-2030.

–  The global Chemistry 4.0 market was valued at USD 68220 Million in 2023 and is anticipated to reach USD 145280 Million by 2030, witnessing a CAGR of 11.3% during the forecast period 2024-2030.

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–  The global Benchtop Clinical Chemistry Analyzers market was valued at USD 718.5 Million in 2023 and is anticipated to reach USD 1078.3 Million by 2030, witnessing a CAGR of 5.9% during the forecast period 2024-2030.

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–  The global Steam Chemical Indicator market was valued at USD 137.9 Million in 2023 and is anticipated to reach USD 214 Million by 2030, witnessing a CAGR of 6.4% during the forecast period 2024-2030.

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–  The global Daily Chemical Grade Peach Aldehyde market was valued at USD 519.3 Million in 2023 and is anticipated to reach USD 635.9 Million by 2030, witnessing a CAGR of 3.2% during the forecast period 2024-2030.

–  The global Flow Chemistry revenue was USD 70 Million in 2022 and is forecast to a readjusted size of USD 136.1 Million by 2029 with a CAGR of 11.7% during the forecast period (2023-2029).

–  The global Lead Chemicals Market revenue was USD 1394.9 Million in 2022 and is forecast to a readjusted size of USD 1517.9 Million by 2029 with a CAGR of 1.2% during the forecast period (2023-2029).

–  The wet chemicals market was valued at USD 3.2 Billion in 2021, and is estimated to reach USD 5.9 Billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.

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Johns Hopkins University Athletics Partners with Prospect HQ to Expand Career Opportunities for Student-Athletes

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Partnership connects Johns Hopkins student-athletes and alumni to a growing national talent network and employers seeking the attributes and skills developed through sport

BALTIMORE, Nov. 2, 2026 /PRNewswire/ — Johns Hopkins University Athletics has partnered with Prospect HQ, the hiring platform connecting current and former student-athletes with employers seeking culturally aligned talent possessing the dynamic attributes developed through sport.

The partnership reflects the philosophical alignment and shared mission of supporting student-athletes on their career journey and life after sport.

“We are excited to provide all current and former Blue Jays with a platform that will challenge them to reflect on their own personal values, strengths and purpose, as well as provide them curated access to professional organizations that have done the same work and are seeking to hire former athletes who have developed the leadership and teamwork skills uniquely formed by sport,” said Jennifer S. Baker, Associate Vice Provost for Student Affairs and Director of Athletics. “This is a natural complement to all the support provided by our Life Design Lab and will further help our scholar-athletes navigate their unique career journeys. In particular, we’re enthusiastic about connecting the outcomes from our LEAD program to meaningful employment post-Hopkins, and to supporting our Blue Jays as they find a professional path that allows them to continue to grow and thrive, as they’ve done during their years at Homewood.”

“Jen Baker and the team at Hopkins are the vanguard in college athletics in terms of their commitment and approach to supporting student-athletes on their path to purpose,” said Cory Carlesimo, CEO of Prospect HQ. “Prospect HQ and Hopkins are committed to helping student-athletes find the right opportunities that allow them to thrive professionally and personally. We are grateful and excited to have such purposeful and dynamic partners.”

Through Prospect HQ, Johns Hopkins student-athletes and athletic alumni will have access to a growing national network that now includes student-athlete membership from more than 700 colleges and universities. Launched in January 2026, Prospect HQ is built on three principles: aligning hires, elevating cultures and transforming lives.

Prospect HQ is an active community of current and former student-athletes networking with one another while connecting with a diverse range of employers seeking this curated talent pool. Companies subscribe to Prospect HQ to access this distinctive roster of talent and identify candidates aligned with their culture and hiring needs.

The platform also delivers open job opportunities aligned with each candidate’s self-described goals, attributes, skills and cultural fit. This process empowers student-athletes to identify opportunities relevant to who they are and where they want to go.

At the center of Prospect HQ is Purposeful Intelligence, which coaches and guides candidates throughout their career journey while helping them reflect on their own unique experiences and attributes. The platform is designed to help student-athletes convey their authentic story in a way that resonates with prospective employers.

Prospect HQ’s recently launched iOS app makes the platform even easier for student-athletes to access, allowing them to engage with the network, manage their profiles, explore opportunities and build connections wherever their journey takes them.

Through the Johns Hopkins partnership, Blue Jay student-athletes and alumni become part of a community that extends beyond a single campus, connecting current and former athletes across institutions, industries and generations.

Prospect HQ is free for student-athletes, athletic alumni and universities.

About Johns Hopkins Athletics
Johns Hopkins boasts one of the most successful athletic programs in the nation. The winner of two Learfield Directors’ Cup titles in the last five years with nine top-five finishes to its credit since 2014, Johns Hopkins has produced more than 300 all-time Academic All-Americans and more than 60 NCAA Postgraduate Scholarship recipients. Blue Jay teams have collectively earned 57 national championships, including 10 NCAA titles since 2012, and won more than 300 all-time conference titles. Quite simply, Johns Hopkins offers one of the nation’s premier combinations of academics and athletics.

About Prospect HQ
Prospect HQ is a digital community and hiring platform connecting current and former student-athletes with employers seeking culturally aligned talent possessing the dynamic attributes developed through sport. The platform is built around three principles: aligning hires, elevating cultures and transforming lives. Prospect HQ combines an active athlete network, employer connections, personalized job opportunities and Purposeful Intelligence to help student-athletes navigate their journey from sport to career. The platform is free to student-athletes, athletic alumni and universities and is supported by candidate-seeking employers.

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PRA Group Celebrates 30 Years of Business by Ringing Nasdaq Opening Bell

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NORFOLK, Va., Nov. 2, 2026 /PRNewswire/ — PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today celebrated its 30th anniversary by ringing the Nasdaq Stock Market Opening Bell in New York City’s Times Square.

PRA Group President and Chief Executive Officer Martin Sjolund rang the bell alongside co-founder and Executive Chairman of the Board Steve Fredrickson, the company’s senior leadership team and employees representing PRA Group’s global workforce.

“Celebrating 30 years of business is especially meaningful because this milestone belongs to the people who have helped make PRA Group what it is today,” said Sjolund. “Our people are the reason we’ve grown from a startup in Virginia into a global company, and they are the reason we’re excited about our next chapter.”

Founded in Norfolk, Va., in 1996, PRA Group has grown into one of the most globally diversified companies in the nonperforming loan industry, with portfolio operations in 18 countries. The company has been publicly traded since 2002 and continues to play an important role in the financial ecosystem by returning capital to banks and other creditors while working directly with customers to help them resolve their debt.

“As proud as we are of our first 30 years, we’re even more excited about what comes next,” Sjolund said. “Together, we’re advancing our new PRA 3.0 strategy introduced earlier this year, which is focused on helping us become a high-performing, technology-enabled global allocator of capital. I am proud of what our team has accomplished, and we look forward to continuing to deliver value to our customers, employees, partners and shareholders.”

About PRA Group
As a global industry leader with more than 30 years of experience, PRA Group, Inc. (Nasdaq: PRAA) specializes in acquiring and collecting nonperforming loans. PRA Group purchases portfolios from banks and other creditors and, through its subsidiaries, collaborates with customers to help them resolve their debt. Headquartered in Norfolk, Virginia, PRA Group has operations in the U.S., Europe and other markets. For more information, please visit www.pragroup.com.

Media Contact:
Allison Herman
Manager, Public Relations and Strategic Communication
(757) 381-5205
MediaInquiries@PRAGroup.com

Investor Contact:
Najim Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com

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Abbott Risk Consulting Ltd. Joins ISASecure to Strengthen Adoption of ISA/IEC 62443 Cybersecurity Standards

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DURHAM, N.C., Nov. 2, 2026 /PRNewswire/ — The International Society of Automation (ISA) — the leading professional society for automation — announced that Abbott Risk Consulting (ARC) Ltd. has officially joined ISASecure®, the globally recognized certification program that validates conformance to the ISA/IEC 62443 series of standards for industrial automation and control systems (IACS) cybersecurity.

ARC offers consultancy services across the UK and Australia including risk management; safety engineering, assurance and verification; independent safety assessment; training; functional safety; cybersecurity; and more. ARC focuses on supporting clients with the design, operation, and decommissioning of facilities, plants, and assets in high-risk industries including oil and gas, nuclear, defense, rail, mining, and clean energy.

This new partnership with ISASecure reflects ARC’s ongoing mission to strengthen their knowledge and assistance in providing additional operational technology (OT) cybersecurity consulting and assessments — including ISASecure’s Security Development Lifecycle Assurance (SDLA), Component Security Assurance (CSA), System Security Assurance (SSA), and Automation Control System Security Assurance (ACSSA) — for their clients.

“It is an honor to welcome ARC Ltd. into the ISASecure program, and we look forward to engaging with them as students in the next IC49 ACSSA for Evaluators training course,” said Mark DeAngelo, ISASecure program manager. “Today’s critical infrastructure demands comprehensive, rigorously validated cybersecurity. We look forward to collaborating with ARC Ltd. as we advance our mission of partnership, certification, and standards-based product development to help achieve a more secure world.”

Tom Abbott, who leads ARC’s Cyber Security team, said: “Control system security standards are a fundamental part of the architecture of resilient systems. By joining ISASecure, we’re fully committed to upholding these standards now and influencing their development in the future.”

About ISASecure®

Founded in 2007 by the International Society of Automation (ISA), ISASecure® is a globally recognized certification program that provides assurance for the cybersecurity of industrial automation control systems (IACS). Through rigorous conformance to the ISA/IEC 62443 series of standards, ISASecure certifications validate that products and supplier practices meet internationally recognized benchmarks for OT security. ISASecure is a wholly owned subsidiary of ISA.

ISASecure’s global ecosystem includes leaders such as Chevron, ExxonMobil, GSK, Saudi Aramco, Honeywell, Johnson Controls, Schneider Electric, Trane Technologies, and Yokogawa, among others.

For more information, visit isasecure.org.

About Abbott Risk Consulting Ltd.

Abbott Risk Consulting (ARC) is a dynamic safety engineering consultancy with a world-wide reputation for delivering quality solutions to their clients. It is an independent, employee-owned company. ARC is consistently recognized as one of the best places to work in the UK by the Sunday Times and in Australia, by The Australian.

From offices throughout the UK and Australia, with headquarters in Edinburgh, ARC supports clients and projects globally. ARC’s flexible and innovative approach allows the company to deliver the highest quality services to major international corporations, government bodies, and small- to medium-sized enterprises alike.

Their specialties include safety engineering and risk management, hazard and operability studies (HAZOP), quantitative risk assessments (QRA), safety case, CFD, fire and explosion analysis, facilitation, safety integrity level (SIL) assessments, hazard identification (HAZID), management consultancy, clean energy, sustainability, green hydrogen, renewables, human factors, change management, defense, nuclear, transportation, and hydrogen.

About ISA

The International Society of Automation (ISA) is a nonprofit professional association founded in 1945 to create a better world through automation. ISA’s mission is to empower the global automation community through standards and knowledge sharing. ISA develops widely used global standards and conformity assessment programs, certifies professionals, provides education and training, publishes books and technical articles, hosts conferences and exhibits, and provides networking and career development programs for its members and customers around the world. Learn more at www.isa.org.

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SOURCE The International Society of Automation

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