Key Factor Supporting Global Quantum Technology Market Development in 2025: Quantum Technology Market Growth Driven By Rising Cybercrimes And Financial Fraud

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What Will the Quantum Technology Industry Market Size Be by 2025?_x000D_
The scale of the quantum technology market has experienced substantial growth over the recent years. The market, set to expand from $1.48 billion in 2024 to $1.88 billion in 2025, will reflect a Compound Annual Growth Rate (CAGR) of 27.0%. The expansion witnessed during the historical period can be ascribed to various factors such as the emergence of quantum software and applications, experimental presentations, interdisciplinary studies, an increase in cybersecurity risks, and worldwide initiatives._x000D_
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What's the Long-Term Growth Forecast for the Quantum Technology Market Size Through 2029?_x000D_
The market value of quantum technology is predicted to skyrocket in the coming years. It's projected to escalate to $4.56 billion by 2029, with a compound annual growth rate (CAGR) of 24.8%. Factors contributing to the growth during the forecast period include advancements in quantum computing, quantum-secure communication networks, quantum sensing and metrology, an increasing need for securing financial transactions, as well as commercialization and industrial application. Future trends during this period include drastic enhancement in quantum computing power, progress in quantum communication networks, revolution in quantum sensing, the use of quantum machine learning for comprehensive data analysis, and the development of quantum cloud services._x000D_
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What Are the Key Growth Drivers Fueling the Quantum Technology Market Expansion?_x000D_
Quantum technology market growth is predicted to be fueled by the escalation of cybercrimes and financial fraud. These crimes involve numerous illicit activities carried out digitally, such as hacking, identity theft, phishing sca*ms, data breaches, and fraudulent monetary transactions. The prevalence of cybercrimes and financial fraud is increasing as a result of rising internet usage, digitalization, robust cybersecurity, interconnectivity, and anonymity. Quantum technology holds the capability to transform cybersecurity and financial fraud prevention by providing secure cryptographic solutions, robust network structures, entropy-rich random number generating systems, privacy-maintaining computation, and progressive fraud detection capabilities. For example, the Federal Bureau of Investigation reported in March 2023 that investment fraud losses surged by 38%, from $3.31 billion in 2022 to $4.57 billion in 2023. Additionally, according to AAG IT Services, a UK-based IT service provider, in March 2024, cyber-attacks and breaches were experienced by 32% of UK firms in 2023, while the statistics for medium and large organizations escalated to 59% and 69% respectively. As such, the increasing rate of cybercrime and financial fraud are seen as propelling factors for the expansion of the quantum technology market._x000D_
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What Are the Key Trends Driving Quantum Technology Market Growth?_x000D_
Key players in the quantum technology market are concentrating on technological advancements, such as quantum optimization platforms, to maintain their market prevalent. Quantum optimization platforms encompass computing systems or software structures that utilize quantum computing theories to tackle optimization issues. For example, Quantum Computing Inc., a software enterprise located in the United States, rolled out the Dirac-3 (Dirac) entropy quantum computer (EQC) in February 2024. This machine employs nonlinear quantum optics to decipher complex issues with a high number of variables that necessitate unconventional solutions. This unique trait widens the applicability of quantum technology, surpassing the standard market's available quantum computing gadgets that utilize quantum bits (qubits), and the broader range of optimization problems. The Dirac system operates at customary room temperatures, does not require any additional infrastructure for daily operation, and it can be set up on premises._x000D_
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How Is the Quantum Technology Market Segmented?_x000D_
The quantum technologymarket covered in this report is segmented - _x000D_
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1) By Type: Hardware, Software, Service_x000D_
2)By Application: Cybersecurity, Drug Development, Financial Modeling, Artificial Intelligence, Other Applications_x000D_
3) By End-User: Transport And Logistics, Banking And Finance, Aerospace And Defense, Education, Information technology (IT) And Telecommunication, Healthcare And Pharmaceuticals, Automotive, Other End-Users_x000D_
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Subsegments:_x000D_
1) By Hardware: Quantum Computers, Quantum Sensors, Quantum Communication Systems _x000D_
2) By Software: Quantum Algorithms, Quantum Simulation Software, Quantum Cryptography Software _x000D_
3) By Service: Quantum Computing Services, Quantum Research And Development Services, Quantum Technology Consulting Services_x000D_
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Which Companies Are Leading the Charge in Quantum Technology Market Innovation?_x000D_
Major companies operating in the quantum technology market are Huawei Technologies Co. Ltd., Samsung Electronics, Microsoft Corporation, Dell Technologies Inc., Amazon Web Services, Hitachi Ltd., Siemens AG, Raytheon Technologies Corporation, Lockheed Martin Corporation, General Electric Company (GE), Intel Corporation, Airbus SE, accenture* plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., Fujitsu Limited, Nokia Corporation, BAE Systems plc, Toshiba Corporation, NEC Corporation, Thales Group, Quantum Computing Inc. _x000D_
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Which Regions Are Leading the Global Quantum Technology Market in Revenue?_x000D_
North America was the largest region in the quantum technology market in 2024. The regions covered in the quantum technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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