Quantum tech revenue started growing double digit in revenue

Though small in size Quantum tech is coming out of labs into commercial landscale where its revenue started growing double digit. Yole estimated the total market for quantum technologies (computing, cryptography, sensing) to grow to US$2.9 billion in 2030. Yole forecasts 18% and 30% CAGR for 2020-2025 and 2020-2030, respectively. The three main market segments, quantum computing, quantum sensing / timing, and cryptography, will grow nicely between 2020 and 2030 to reach, respectively, US$1,147 million, US$598 million, and US$1,163 million. Its getting more into application such as drug development/pharma with energy, chemistry, transportation, banks, and finance also showing interest in quantum tech. Yole says it will take many years (maybe 20 to 30) before quantum is extensively used in medical and pharma applications but finds Quantum computing will be ready to be used in 5-10 years for drug development (when there is already an identified drug candidate). Yole says "Since 2012, almost US$2 billion (including computing, software, cryptography, and sensors) have been invested in about 80 start-ups, with companies developing hardware receiving the largest share (60+%). Largest investments are in North America: PsiQuantum (photonic quantum processor), D-Wave (superconducting qubits), IonQ (trapped ions), Rigetti. Europe also has a quantum champion with IDQ in ...