Quantum computing is the future of computers

The era of traditional microprocessor powered computing that has shaped our lives in many different ways is coming to an end. Researchers at New York based multinational technology firm IBM, believe that quantum computers will be a mainstream presence in our lives in five years. According to American financial services provider, Morgan Stanley, the quantum computing market is slated to be worth US$10 billion in the next decade. Another report by Homeland Security Research states that between 2018 and 2024, quantum computing and related technologies will grow at a compound annual growth rate (CAGR) of 4.6 percent. Quantum computing utilises several quantum mechanical phenomena which augments the manner in which information is processed and stored as compared to classical computing.