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Data communications has quickly become the "killer app" for PICs. PIC transceivers are fast becoming ubiquitous in data centers, where they increase the throughput of connections between nodes whilst reducing the physical size of transceivers, solving space issues for data center operators.
The total quantum market will grow from $954 million in 2024 to $17.4 billion in 2035, with a 32% CAGR during the period. Beyond 2028, Yole Group expects that quantum computing will dominate.
IDTechEx's market report on the topic, "Quantum Computing Market 2025-2045: Technology, Trends, Players, Forecasts," tracks the progress of tech giants, governments and startups alike in building a network of quantum computers.
IDTechEx's report "Quantum Computing Market 2025-2045: Technology, Trends, Players, Forecasts" covers the hardware that promises a revolutionary approach to solving the world's unmet challenges.
IDTechEx forecasts the quantum computing hardware market will be worth over $10B by 2045 in their latest report, “Quantum Computing Market 2025-2045: Technology, Trends, Players, Forecasts.”
The Fraunhofer Institute for Photonic Microsystems and the Max Planck Institute of Microstructure Physics are working together on the project "CONDOR - Superconducting spintronic devices for cryogenic electronics."
Drawing on comprehensive reports covering both quantum technologies, IDTechEx separates hype from reality to compare the opportunities over the next decade.
For the first time, scientists have demonstrated the ability to manipulate and identify small numbers of interacting photons with high correlation. This unprecedented achievement represents an important landmark in the development of quantum technologies.
