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The global quantum computing market is expected to reach a value of USD 7135 million by 2031, with a CAGR of 30.7% during the forecast period. Quantum computing is seen as the foundation of emerging technologies, but faces practical barriers and competition from traditional algorithms. Countries like Canada, the United States, and China have made significant advances in developing quantum computers. The market is driven by the growing number of startup companies and investments in R&D for computing technology.