According to Technavio, the Quantum Computing Market is anticipated to grow by USD 17.34 billion, with a compound annual growth rate of 26.37% from 2023 to 2028. The increasing investments from stakeholders in quantum technology have spurred market expansion. A key factor behind this growth is the integration of quantum computing with artificial intelligence and machine learning. However, quantum decoherence continues to pose a significant challenge, but advancements in processor technology and cloud-based solutions are addressing this issue. Emerging trends such as multiverse computing and SaaS business models are gaining traction, with new data centers being built to support the rising demand for quantum computing. The military sector, alongside industries such as finance and healthcare, is keen on adopting quantum computing for strategic and operational advantages.

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