A new report by Primus Partners reveals that 85% of surveyed industry leaders are calling for substantial investments in quantum computing research and talent development, recognizing the transformative potential of this emerging technology. The survey, which gathered responses from 200 senior executives and CXOs, underscores the impact quantum computing could have across sectors like cybersecurity, healthcare, and artificial intelligence.
AI, Cybersecurity, and Healthcare as Key Beneficiaries
Artificial Intelligence (AI) and Machine Learning (ML) are projected as major impact areas, with 79.4% of respondents anticipating that quantum algorithms will redefine these fields. Cybersecurity and cryptography were also highlighted by 68.1% of leaders as areas where quantum computing’s processing power could enhance encryption and safeguard critical digital infrastructure. Additionally, 61% of respondents believe healthcare could benefit significantly, particularly in drug discovery and treatment design, potentially revolutionizing patient care.
The report identifies Research and Development (R&D) investment as a top priority, with 74.5% of respondents urging increased funding to drive quantum innovations and strengthen India’s global competitive position. Skilled workforce development is also a focal point, with 61.7% stressing the need to cultivate quantum-proficient talent to support future breakthroughs.
“This technology will significantly enhance national security, drive economic growth, and create millions of jobs,” said Devroop Dhar, Co-founder and Managing Director of Primus Partners. He emphasized that the findings indicate a strong industry consensus on the importance of strategic investments and skills development in quantum technology.
Quantum’s Potential in Finance and Healthcare Access
Quantum computing could also impact India’s financial systems, as 63.1% of executives anticipate improved efficiency, transparency, and security. Additionally, 61.7% believe that quantum could expand healthcare access in underserved areas, potentially transforming public health outcomes and India’s social infrastructure.
The survey also highlights challenges facing quantum development, notably the high cost of R&D, identified by 70.9% of respondents, and a talent shortage, cited by 62.4%. Industry leaders emphasized the importance of cross-sector collaboration, suggesting that partnerships between government, private sector, and international organizations are essential to secure funding and enhance skill-building efforts.
According to the survey, 32.6% of respondents expect practical quantum applications within three to five years, while another 27.7% foresee this transition occurring within five years. As countries worldwide ramp up quantum investments, India’s ability to secure a leadership position will depend on timely investments, talent development, and global partnerships.