The global quantum computing (QC) market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are increasing workload in data centers worldwide, growing requirement for high-level computing performance in areas such as data modeling & analysis, machine learning, and simulation, increasing complexities in design of classical binary computing system processors, and rapid adoption of Quantum Computing-as-a-Service (QCaaS) business models.

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