It can be true, if there is a barrier to entry preventing others from jumping in. With no barrier, no meaningful differentiation, larger companies with resources can jump right in and plow on by.
Again, as I have said previously, QMC might get a little piece of the action but the perspective here is that they will explode and dominate. That part is harder to see.
"Ignorance might be bliss for the ignorant..." Ricky Gervais