Research Institution: Quantum Computing Market Revenue Projected to Hit $1.1 Billion by 2027
3 day ago / Read about 0 minute
Author:小编   

According to Gartner's forecast, the annual revenue in the quantum computing industry is set to soar to $1.1 billion by 2027, marking the first time it will surpass the $1 billion threshold. This year, the worldwide quantum computing market is anticipated to reach $869.9 million, showcasing a notable year-on-year growth of 22.9%. By 2028, the banking, financial services, and insurance sectors are projected to outstrip the public sector in terms of spending on quantum computing, emerging as the top investors in this cutting-edge technology. The research institution highlights that the quantum computing market is already experiencing "oversaturation," and firms that fail to swiftly achieve fault-tolerant quantum computing capabilities will likely lose market favor. Consequently, it is predicted that by 2030, over half of the quantum computing startups will face bankruptcy due to dwindling commercial revenues.