CITIC Securities: The quantum computing industry is expected to maintain high compound growth.

A research report from CITIC Securities states that quantum computing is poised for a period of high compound growth, with considerable market potential. According to the Photon Box Research Institute, quantum computing is expected to enter a phase of high compound growth, with the global quantum computing industry expected to grow from approximately $5 billion in 2024 to approximately $800 billion in 2035, accounting for nearly 90% of the quantum technology market and becoming its main growth engine. The upstream of the industry chain is relatively mature and experiencing significant growth, while the downstream is in its early stages with huge growth potential, expected to gradually increase from $270 million in 2024 to $202.67 billion in 2035. The quantum computing bidding market focuses on key upstream equipment, while downstream applications in scientific research are the most mainstream. (Source: People's Finance)