Quantum market to be worth over $ 4bn
Quantum market to be worth over $ 4bn
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According to a report by Markets and Markets , the quantum computing market could be worth more than US $ 4bn by 2028 , growing at a CAGR of 38 %.
Factors such as the rising adoption of quantum computing technology in various industries and sectors , together with increasing investments in quantum technology , are driving the market , which is currently valued at US $ 866mn .
According to the research , countries such as the US , Germany , Japan and China are expected to be the key markets for quantum computing services .
“ In the commercial space , you ’ ll see these hybrid algorithms begin to dominate , where you ’ re using both together to come up with something that ’ s better than we could do today on a classical computer or even on a supercomputer .”
The future of quantum The potential for quantum computing is immense . It can open up new opportunities in AI and ML , with a growing research field in quantum ML identifying ways that quantum algorithms can enable faster AI .
152 April 2023