Potential of Quantum Computing Solving Real-World Problems
Quantum computing has attracted a lot of attention during the last few years. One of the disruptive technologies quickly gaining traction has the potential to have a big influence on many different businesses and civilizations. Cybercrime rates are rising, the government is investing more in quantum computing, and more industries, including defense, banking & finance, and chemicals, are using the technology. Thus, such factors boost the market growth. In addition, according to a research report by Astute Analytica, the Global Quantum Computing Market is likely to grow at a compound annual growth rate (CAGR) of 30% over the projection period from 2023 to 2031. Technology is already seeing an exponential increase in computing capacity as measured in "Quantum Volume,", and this trend is predicted to continue. In the coming years, it's conceivable that the "quantum advantage" will become apparent, allowing quantum computers to solve important real-world issu...