Global Quantum Technology Market Analysis Report 2022: Growing Government and Private Venture Funding & Increasing R&D Expenditure of Major Technology Companies - Forecast to 2030
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: PR Newswire
DUBLIN, Aug. 15, 2022 /PRNewswire/ -- The "Quantum Technologies Global Market - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.The quantum technologies global market is expected to grow at a high double digit CAGR of from 2021 to 2030 to reach $3,518.3 million by 2030.The factors such as growing government and private venture funding for quantum technologies, increasing R&D expenditure of major technology companies to develop quantum technologies, strategic collaboration, partnerships, and mergers for the quantum technologies are driving the quantum technologies global market.Whereas, the emergence of mobile and convenient quantum processors and the development of advanced quantum technologies provides immense growth opportunities for the market. The lack of skilled professionals, high cost and complexity associated with the development of quantum technologies, and cryptographic risk associated with quantum communications are hindering the market growth.T
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