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The global quantum computing market size was valued at $ 1,370.82 Million in 2020, and is projected to reach $ 18,336.45 Million by 2030, growing at a CAGR of 29.7% from 2021 to 2030. Quantum computer is fundamentally different than conventional & supercomputers and uses the technology based on quantum phenomena. Unlike classical computers, it uses quantum bits (qubits) to process the data. In addition, quantum computing performs complex calculations proficiently when compared with classical computers and this factor majorly fuels the growth of the quantum computing market.

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