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News  ›  GlobeNewswire Inc.

Cloud-Based Quantum Computing Market is expected to generate a revenue of USD 55.22 Billion by 2031, Globally, at 38% CAGR: Verified Market Research®

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Verified Market Research®
Cloud-Based Quantum Computing Market is expected to generate a revenue of USD 55.22 Billion by 2031, Globally, at 38% CAGR: Verified Market Research®

The global cloud-based quantum computing market is projected to grow from USD 5.8 billion in 2024 to USD 55.22 billion by 2031, expanding at a 38% CAGR. Growth is driven by rising demand for enhanced computational power, expanding cloud infrastructure, and strategic investments in quantum technologies. However, challenges include high initial costs, limited talent pool, technological complexity, and data security concerns.

Insights
MSFT   positive

Identified as a key industry leader offering scalable quantum solutions through Microsoft Azure, contributing to market accessibility and adoption.