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Quantum Computing Market Size
- Report ID: GMI5143
- Published Date: Apr 2023
- Report Format: PDF
Quantum Computing Market Size
Quantum Computing Market size was valued at USD 974.1 million in 2022 and is projected to record more than 10% CAGR from 2023 to 2032.
Rapid technological innovations in quantum computing will shape the quantum computing market growth. The COVID-19 pandemic has pushed the demand for quantum computing because of the rising digitalization across several industries. Leading businesses across a range of sectors have adopted contemporary technology to simplify operations and increase productivity. The businesses have developed a culture of remote and home-based employment.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Quantum Computing Market Size in 2022: | USD 974.1 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 10% |
| 2032 Value Projection: | USD 65 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 328 |
| Segments covered: | Component, Deployment Model, End-user, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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A lack of proper knowledge regarding quantum computing may negatively impact quantum computing market expansion. Quantum computer engineering is still in the nascent stage. Numerous technical obstacles are needed to overcome in order to implement quantum computing technology in real-time applications. Due to their extraordinary sensitivity to external interactions, quantum computers have the potential to cause the state function to collapse.
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Quantum Computing Market Scope
