MarketsandMarkets Presents

Banking & Finance segment to hold largest share of quantum computing market during forecast period

In the banking & finance industry, quantum computing is used for risk modelling applications and trading strategies; it is also used to detect market instabilities and optimize trading trajectories, portfolios, and asset pricing and hedging.

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As the financial sector is difficult to understand, the quantum computing approach is expected to help users understand its complexities. Moreover, it can help traders by suggesting solutions to overcome financial challenges. Banks and financial institutions, such as hedge fundraisers, are the key adopters of quantum computing systems and services as they help them minimize risks and maximize gains from dynamic portfolios of investments. Potential use cases of quantum computing in the banking and financial industry include portfolio analysis, fraud detection, optimization, asset valuation, cybersecurity system quantum-proofing, and high-frequency trading.