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Quantum Computing Market Size to Grow by USD 496.98 million, 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%.

The Quantum Computing Market represents a revolutionary frontier within the broader field of information technology, leveraging principles of quantum mechanics to perform computations at speeds and scales far beyond the capabilities of classical computers. Quantum computing holds the potential to revolutionize various industries by solving complex problems in areas such as cryptography, drug discovery, optimization, materials science, and machine learning. the Quantum Computing Market has witnessed exponential growth in recent years, driven by factors such as increasing demand for computational power to tackle complex problems, advancements in quantum hardware and software technologies, and growing interest and investments from governments, enterprises, and research organizations worldwide.

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8 months ago

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