Quantum Industry Explained: Applications, Innovations & Challenges

The quantum industry is still in its early stages but promises significant technological advancements, particularly in quantum computing, which can revolutionize fields like machine learning and cryptography. In 2023, the sector saw over $1 billion in private investment, with significant funding going into hardware components and quantum computing. Key challenges include qubit decoherence, error correction, scalability, and high costs. Major players include IBM, Google Quantum AI, Microsoft, and AWS. The industry's future depends on overcoming technical and geopolitical hurdles, with widespread commercial use expected by the 2030s.

https://thequantuminsider.com/2024/02/05/quantum-industry-explained-applications-innovations-challenges/