The quest for quantum computing supremacy is a geopolitical priority for Europe, China, Canada, Australia and the United States. The quantum computing market was valued at $472m earlier in 2021 and is expected to reach $1.7bn by 2026, according to a Markets and Markets projection. Boston Consulting Group’s 2018 report that estimates a quantum computing market of nearing $60 billion in 2035, which would grow further to $295 billion in 2050, which explains why nations, corporates and startups alike are all jockeying for first position. Advantage gained by acquiring the first computer that renders all other computers obsolete would be enormous and bestow economic, military and public health advantages to the winner.
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