“`html
Quantum computing is emerging as a significant investment trend, with the Boston Consulting Group estimating that the market for quantum computing hardware and software could reach $170 billion by 2040. Major companies such as Amazon and Microsoft are leveraging their cloud services to gain an edge in this nascent sector, despite many breakthroughs still being years away.
Amazon, holding a 30% market share in public cloud computing, is collaborating with quantum firms like IonQ and Rigetti, and has developed a prototype quantum processor named Ocelot aimed at reducing error rates in quantum computations. Similarly, Microsoft is enhancing its Azure cloud services, which currently commands 21% of the market, and has introduced its Majorana 1 quantum processor, believed to accelerate advancements toward scalable quantum computing.
“`
