Global Quantum Computing Market Research Report, 2025 | Hexa Research

Posted by Marsh William on February 28th, 2019

The Global Quantum Computing Market is likely to witness robust growth in the coming years owing to rising incidence of cybercrimes across the world. Growing investments by the government in technological advancements can drive the market in the years to come. In addition, increasing adoption in machine learning, cloud and molecular structure research, smart manufacturing and logistics, and smart retail are expected to positively influence market growth. Increasing applications in sectors such as, defense, chemicals, healthcare, and banking and finance, are likely to support market growth in coming years.

Development of fault-tolerance systems and increasing efforts to transform quantum computing into realistic program is likely to boost market growth in the coming years. This computing method is anticipated to gain traction in key technologies and applications, such as big data analytics, artificial intelligence (AI), internet of things (IoT), edge computing, and smart city projects. Advancements in quantum computer design is likely to create several opportunities for the market.

This advanced computer works on the laws of quantum physics, which enables it to operate in multiple states and complete task using all possible permutations. For instance, IonQ announced the development of two state-of-the-art quantum computers that store information on individual atoms. They are designed to calculate complex calculations with accurate results.

The concept is utilized in cryptography and enable quantum-encrypted communications. Since the technology is being extensively used in the encryption of information. The introduction of quantum cryptography to transmit important information along with high level of security is likely to boost market growth in the years to come.

Lack of required knowledge and expertise related to this computing technique can restrict market growth to an extent. However, increasing efforts by government and private companies for the development of the technology can create growth opportunities for the market in the coming years.

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