Posted 12/4/2023, 3:00:00 AM
Quantum Computing Market Poised for Nearly 19% Annual Growth of Over $9B Despite Supercomputer Lifecycle Challenges
- Quantum computing market estimated to grow by $9.01 billion from 2022-2027 at a CAGR of 18.84%
- North America estimated to account for 38% of global quantum computing market growth
- Market is fragmented; Porter's five forces analysis covers bargaining power of buyers and suppliers, threat of new entrants and substitutes, competitive rivalry
- Growing use of quantum cryptography driving market growth
- Short lifecycle of supercomputers challenges market growth