Market for quantum computing shows advancement and new alliances 1. Quantum computing market size Quantum computers are expected to have a significant impact on the world economy over the coming years. In 2017, IBM announced its first commercial quantum computer, called the Q System One. The company claims that the machine can perform certain calculations at 100 times faster than traditional supercomputers. IBM’s quantum computer uses a different approach to classical computers, where bits of information are represented not as 1s and 0s, but rather as both 1s and 0s simultaneously. This type of computation is known as quantum computing. 2. Market drivers The market for quantum computing is driven by several factors including increasing demand for high-performance computing systems, increased use of artificial intelligence (AI) algorithms, and the need for greater security and privacy protection. According to Gartner, the global market for quantum computing was ...
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