Quantum Computers Market Sees Exponential Growth

The overall quantum computing market is expected to grow from $93 million by 2019 to $283 million by 2024 at a CAGR of 24.9%. The QCaaS market is expected to grow from $4 million by 2019 to $13 million by 2024 at a CAGR of 26.8%. The need for robust computing that has the potential to overcome the difficulties involved in discovering drugs to target specific cancers and evaluating portfolio risk prominently contributes to the market growth.