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The global quantum sensors market to increase from US$ 435.7 million in 2020 to US$ 839.6 million by 2028 with a compound annual growth rate (CAGR) of 8.5% for the period 2021-2028. Quantum technology has received a lot of attention due to its enormous potential. Significant investment is being seen globally as this technology continues to grow and show promising results. Financial risk assessment, the development of novel drugs, machine learning models, and the efficiency of chemical catalysts are all expected to see significant breakthroughs in the near future.
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