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Quantum Computing Market Size to Grow by USD 496.98 million by 2030, The growing use of quantum cryptography to drive the market growth

Quantum Computing Market was estimated at USD 134.72 million in 2023, and is projected to reach USD 496.98 million by 2030, growing at a CAGR of 20.5%.

Quantum computing leverages principles of quantum mechanics to perform computations at a scale and speed that surpasses classical computing systems. Quantum computers have the potential to solve complex problems in areas such as cryptography, optimization, drug discovery, materials science, and machine learning, unlocking new possibilities for innovation and scientific discovery. The Quantum Computing Market is characterized by intense research and development efforts by both industry players and academic institutions to advance quantum computing hardware, software, and algorithms.

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7 months ago

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