Quantum Computing Market Growing Significantly

According to a new market research report published by Credence Research, “Quantum Computing Market (By Type (Quantum Annealing, Quantum Simulation, and Universal Quantum), By Application (Machine Learning, Optimization, Material Simulation, Financial Services, and Others), By Industry Verticals (Telecom & IT, Healthcare & Life Sciences, BFSI, Manufacturing, Aerospace & Defense, Energy & Utilities, and Others), By Geography (North America, Europe, Asia Pacific, and Rest of the World)) – Growth, Future Prospects, and Competitive Landscape, 2019 -2027”, the global quantum computing market is expected to reach $7.6 billion by 2027, expanding at a CAGR of 34.3% during the forecast from 2019 to 2027.