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Quantum Computing Market Insights, Potential Business Strategies, Mergers and Acquisitions, Revenue Analysis

The aim behind developing quantum computers is to use quantum bits, which can exist in multiple states when combined, resulting in the carrying out of multiple calculations at once. This allows quantum systems to analyze multiple streams of data simultaneously. When the application is taken into consideration, the quantum computing market is divided into machine learning, optimization, sampling, and simulation and data problems.

Devanshuraizada
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Quantum Computing Market Insights, Potential Business Strategies, Mergers and Acquisitions, Revenue Analysis

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  1. Chemicals & Materials Quantum Computing Market Projected to Have a Stable Growth for the Next Few Years © P&S Intelligence. All rights reserved 1

  2. The quantum computing market valued $507.1 million in 2019, from where it is projected to grow at a CAGR of 56.0% during 2020–2030 (forecast period), to ultimately reach $64,988.3 million by 2030. Machine learning (ML) is expected to progress at the highest CAGR, during the forecast period, among all application categories, owing to the fact that quantum computing is being integrated in ML for improving the latter’s use case. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market- analysis/quantum-computing-market/report-sample Government support for the development and deployment of the technology is a prominent trend in the quantum computing market, with companies as well as public bodies realizing the importance of a coordinated funding strategy. For instance, © P&S Intelligence. All rights reserved 2

  3. the National Quantum Initiative Act, which became a law in December 2018, included a funding of $1.2 billion from the U.S. House of Representatives for the National Quantum Initiative Program. The aim behind the funding was to facilitate the development of technology applications and quantum information science, over a 10-year period, by setting its priorities and goals. Moreover, efforts are being made to come with standards for the quantum computing technology. In 2019, the quantum computing market was dominated by the quantum annealing category, on the basis of technology. Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send- enquiry?enquiry-url=quantum-computing-market Among the numerous standards being developed by the IEEE Standards Association Quantum Computing Working Group are the benchmarks and performance matrix, which would help in analyzing the performance of quantum computers against that of conventional computers. Other noteworthy standards are those related to the nomenclature and definitions, in order to create a common language for quantum computers. This is because the physical challenges in its development have been overcome, and it is now being deployed in larger systems. That year, the banking, financial services, and insurance (BFSI) division held the largest share in the market, on account of the rapid expansion of this industry. Additionally, banks and other financial institutions are quickly deploying this technology to make their business process streamlined as well as secure their data. © P&S Intelligence. All rights reserved 3

  4. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 © P&S Intelligence. All rights reserved 4

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