Global Quantum Computing Market was valued US$ 198.31 Mn in 2019 and is expected to reach US$ 890.5 Mn by 2027, at CAGR of 28.44 % during forecast.
Quantum computing market growth is being driven by factors like increasing incidences of cybercrime, early adoption of quantum computing technology in automotive and defense industry, and growing investments by government entities in quantum computing market. On the other hand, presence of substitute technology and reluctance to accept new technology are factors limiting the growth of quantum computing market.