Quantum technology covers a wide range of applications addressing key industrial simulation and optimization challenges in chemicals/materials research, logistics, financial services, healthcare, life science, manufacturing and defense: drug discovery, protein structure prediction, investment risk analysis, feedstock management, vehicle routing, network optimization … It is also a critical national issue to many countries as it addresses secure communications and database management linked to national security.
The total market value for quantum technologies (computing, cryptography, sensing) will grow from about $480M in 2018 to $3.2B in 2030 (17% CAGR).