McKinsey’s April 2024 Quantum Technology Monitor offers an in-depth view of the evolving quantum tech landscape, covering quantum computing, communication, and sensing. Despite a 27% drop in private investment ($1.7B), public funding surged to $42B. The ecosystem spans 367 start-ups and could unlock $0.9T–$2T in value by 2035 across finance, mobility, life sciences, and chemicals. Notable progress includes breakthroughs in quantum error correction, scaling logical qubits, and expanded global research. By 2040, the quantum market may reach $173B, with Europe leading in talent and patents, and strong R&D efforts continuing worldwide.

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