Global Quantum Computing Market to Grow 34.6% Annually Through 2030

Market Growth Projection: The global quantum computing market is expected to grow from $1.6 billion in 2025 to $7.3 billion by 2030, with a compound annual growth rate (CAGR) of 34.6%, driven by advancements in machine learning, artificial intelligence, and government investments.

Key Applications and Challenges: Quantum computing is being applied in various sectors including healthcare, finance, and logistics, while facing challenges such as technological hurdles and a shortage of skilled professionals; however, opportunities exist in optimization solutions and national security initiatives.