Quantum Computing Market
Report ID: SQMIG45E2231
Report ID: SQMIG45E2231
sales@skyquestt.com
USA +1 351-333-4748
Report ID:
SQMIG45E2231 |
Region:
Global |
Published Date: December, 2025
Pages:
195
|Tables:
151
|Figures:
73
Global Quantum Computing Market size was valued at USD 1.54 Billion in 2024 and is poised to grow from USD 1.98 Billion in 2025 to USD 14.51 Billion by 2033, growing at a CAGR of 28.3% in the forecast period (2026–2033).
The industry is witnessing fast growth, led by technological breakthroughs and increases in investments by the private and public sectors. Improvements in processing power and computational capabilities are fueling demand as companies try to solve complex issues that traditional systems are not able to solve efficiently. In addition, industries such as finance, healthcare, and logistics are leveraging such technologies for applications such as optimization, drug discovery, and fraud detection to further enhance growth.
On the other hand, access and scalability issues remain areas of concern. Development and deployment costs are still beyond what small organizations and less well-resourced businesses can afford. Technical challenges with error correction and system robustness remain bottlenecks to wide-scale adoption. The need for specialized people with expertise in high-level computational theory as well as engineering is also a constraint, considering the relatively narrow pool of talent available.
Despite these limitations, ongoing research and collaboration between academia, industry players, and governments are addressing these issues. Substantial investment and programs aimed at driving innovation and reducing costs will close the gap between current constraints and future capability. The growing community of collaborative efforts and open-source foundations is driving broader participation and accelerated development, with a prosperous outlook for the industry in the years ahead.
How is Artificial Intelligence Transforming the Quantum Computing Market Landscape?
Artificial intelligence leads the way in reshaping this sector with enhanced quantum algorithms and optimizing the potential of quantum hardware. Companies like Microsoft are integrating AI with quantum computing by leveraging platforms like Azure Quantum Elements, which utilizes AI, high-performance computing, and quantum tools to accelerate scientific advancements across areas like material science. So is Alphabet spin-off SandboxAQ constructing enormous quantitative models with AI and quantum computing to solve challenging issues in drug development and finance.
Governments across the world are taking note of the need for this convergence. In May 2025, US lawmakers proposed the Quantum Sandbox for Near-Term Applications Act, which would establish testbeds for entrepreneurs to develop quantum technology in real-world environments. In addition, Australia's USD 250 million investment in PsiQuantum to build a utility-scale quantum computer in Brisbane indicates the global interest in advancing this technology. These activities combined with industrial developments are driving the convergence of AI and quantum computing, paving the way for innovation across numerous distinct industries.
Market snapshot - 2026-2033
Global Market Size
USD 1.2 Billion
Largest Segment
Superconducting Qubit
Fastest Growth
Superconducting Qubit
Growth Rate
28.3% CAGR
To get more insights on this market click here to Request a Free Sample Report
Global Quantum Computing Market is segmented by Offering, Deployment Mode, Technology, Application, End User Industry and region. Based on Offering, the market is segmented into Systems, Application Software, and Services. Based on Deployment Mode, the market is segmented into On-premises, and Cloud. Based on Technology, the market is segmented into Superconducting Qubit, Trapped Ion, Quantum Annealing, Photonic Network, and Others. Based on Application, the market is segmented into Optimization, Machine Learning, Simulation, and Others. Based on End User Industry, the market is segmented into Space & Defense, Banking and Finance, Healthcare and Pharmaceutical, Energy & Power, Chemicals, Transportation and Logistics, Government, and Academic. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Superconducting qubits dominate due to their scalability, fabrication compatibility, and significant worldwide investment. IBM's 1,121-qubit Condor processor is in its plans, with more than 4,000 qubits on the horizon by 2025. Google's 105-qubit Willow chip achieved exponential error correction and performed operations in minutes that would take classical supercomputers billions of years to complete. China's "Tianyan-504" is a 504-qubit superconducting chip, which only serves to prove its commitment to quantum technology. Governments worldwide, including the U.S., China, and the EU, have collectively invested over USD 50 billion in quantum research since 2015, evidence of the strategic importance of the technology. Such considerations position superconducting qubits at the forefront of quantum computing development.
Quantum annealing is experiencing explosive growth with its capacity to address complex optimization problems across various industries. Companies like D-Wave are leading this development, backed by significant investments from institutions like CalSTRS, which invested over 211,000 additional shares in the company in early 2025. Governments from all over the world also invest heavily in quantum technologies; for instance, the U.S. National Quantum Initiative Act heavily invests in research on quantum, driving innovation in quantum annealing. Combing these efforts, quantum annealing is being pushed to the forefront of quantum computer technologies.
Optimization is the leading application in this arena due to its transformational impact across sectors like logistics, finance, and supply chain operations. Quantum algorithms such as Quantum Approximate Optimization Algorithm (QAOA) have demonstrated tremendous improvements in efficiency; for instance, IBM research indicates a 15% reduction in transport expense when applying QAOA on logistics itineraries. Companies such as Volkswagen have utilized quantum computing to optimize Beijing taxi routes, where there are tremendous reductions in travel time and fuel consumption. In finance, companies like CaixaBank have utilized quantum computing for portfolio optimization, reducing time-to-solution by 90% and increasing internal rate of return on bond portfolios by up to 10%. These practical applications confirm the importance of optimization in determining the full potential of quantum computing.
The fastest-growing application in this space is machine learning, driven by the need to manage huge data sets and optimize predictive analytics to be more efficient. In August 2024, IBM was going to invest a USD 600 million in generative AI-powered quantum systems to enhance predictive analytics efficiency by 40%. JPMorgan Chase also invested USD 500 million in quantum technology to improve risk management and real-time trading functions. Quantum computing is also paired with AI in Microsoft's Azure Quantum cloud, which converges quantum hardware, AI, and high-performance computing to solve scientific problems. These investments are indicative of the fast growth of quantum machine learning uptake across industries.
To get detailed segments analysis, Request a Free Sample Report
North America takes the lead with strong government backing, including the U.S. National Quantum Initiative, and heavy investments from technology giants IBM, Microsoft, and Google. The region is focused on superconducting qubits development, quantum software, and cloud quantum services, and fostering innovation for finance, healthcare, and defense sectors.
The United States is at the top in North America with its robust IT infrastructure, huge enterprise base, and early embracement of cutting-edge quantum computing technologies. Having IBM, Microsoft, and OpenText at one's doorstep provokes innovation and competitive products. Compliances like HIPAA in healthcare and CCPA in data privacy create a desire for compliance-based content management solutions. IBM has also introduced relatively new AI-based quantum computing solutions that combine automation with deep analytics, greatly improving business operations' operational efficiency. This renewed innovation continues to position the U.S. in a leadership position within the industry.
Canada is growing to become a major force in quantum technology with government support through the National Quantum Strategy, investing over USD 360 million USD on research. The nation has access to top-notch educational facilities such as the University of Waterloo's Institute for Quantum Computing. D-Wave is leading the development of quantum annealing systems, targeting optimization problems. In 2024, Canada introduced Quantum-National, a public-private program aimed at speeding up commercialization and talent development. Cross-border cooperation with the U.S. and this strategic emphasis are speeding up Canada's position in quantum hardware and software development.
Asia Pacific is rapidly emerging as a leader, led by China's quantum aggressive expenditures and Japan's strong research work. South Korea and Australia governments and industries are also speeding up developments with investments and partnerships, driving innovation and adoption of quantum technologies across industries like finance, healthcare, and logistics.
China is the regional power backed by unparalleled government investment and ambitious quantum programs. The Chinese state has invested billions in programs like the National Quantum Initiative with the aim of dominating global quantum computing. One of the recent breakthroughs is Alibaba's DAMO Academy and Chinese Academy of Sciences "Tianyan-504" superconducting quantum chip with 504 qubits. This accomplishment positions China as the lead in large-scale quantum hardware, further reaffirming its strategic focus on quantum supremacy and cryptic, materials science, and artificial intelligence applications.
Japan is leading quantum research with strong government-academic collaboration and industry partnerships. The multi-billion-dollar-funded Quantum Leap Flagship Program of the Japanese government supports superconducting qubit and quantum annealing research. Toshiba and NEC are aggressively developing quantum communication and cryptography technologies. Japan made a public-private partnership announcement in 2024 to develop a quantum cloud platform accessible to enterprises, enhancing practical usage within industries like automotive and pharmaceuticals, fueling innovation, and constructing the quantum ecosystem.
South Korea is growing rapidly on the strength of its solid electronics industry and focused national quantum efforts. The government of Korea allocated USD 1.5 billion for research in quantum technology till 2030 with a focus on quantum processors and quantum networking. Samsung and SK Telecom are investing large amounts into quantum research and quantum-resistant communications. South Korea launched a quantum communication satellite project recently to enhance secure communication infrastructure. All these efforts position South Korea as a rising hub for the applications of quantum in telecommunication, AI, and security.
Europe is also one of the biggest players with powerful government-driven initiatives like the EU Quantum Flagship, which is investing billions of dollars to accelerate quantum research and commercialization. Germany, the Netherlands, and the UK are the pioneers with advanced quantum hardware and software development, but mainly targeting secure communications, optimization, and industrial applications in many industries.
Germany is a forefront country in Europe's quantum computing industry, driven by extensive government sponsorship by means of the approx. USD 2 billion Quantum Technologies program and extensive industrial collaboration. Leading players like Fraunhofer Society and Siemens are spearheading the creation of superconducting qubits and quantum software development. Germany has recently formed the Quantum Communication Hub, complementing secure data transmission infrastructure. The country's focus on the integration of quantum computing and Industry 4.0 and auto industries, and scholarly distinction from institutions like the Max Planck Institute, intensifies its leadership in research as well as commercialization in Europe.
The UK is a serious challenger with strong governmental support through the National Quantum Technologies Programme, spending over USD 1.2 billion on quantum R&D. Cutting-edge firms like Oxford Quantum Circuits and Cambridge Quantum Computing are advancing superconducting and trapped ion qubit technologies. Recent developments include the launch of a pilot quantum-safe communication network in London. The UK prioritizes quantum applications for cybersecurity, healthcare, and financial services based on its vibrant academic environment and strong public-private partnerships to stimulate commercialization and innovation.
France's quantum ecosystem is racing ahead, supported by approximately. USD 1.9 billion investment in the Quantum Plan for Industry and Research. It supports startups like Pasqal, which is developing neutral atom quantum processors, and large research institutions like CNRS and CEA, through government funding. France, in 2024, established the Quantum Industry Alliance to promote industry-academia collaboration. The country prioritizes making quantum applications in material science, health, and national defense a priority, strengthening its leadership position through strategic investment and global cooperation within the EU.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Development of Quantum Hardware Technology
National Security and Defence Applications
Technological Complexity and Hardware Limitations
Shortage of Skilled Quantum Workforce
Request Free Customization of this report to help us to meet your business objectives.
Global quantum computing competitive landscape is characterized by giant companies like IBM, Google, Honeywell, and nascent start-ups, all with massive government grants. United States Department of Energy's USD 250 million 2023 Quantum Leap Challenge Program accelerates public-private collaboration, stimulating innovation and commercialization. European Union's Quantum Flagship spends over USD 1 billion in bringing efforts collectively to the member states, enhancing collaboration. Companies focus on strategic alliances, patent libraries, and expanding quantum cloud services to establish market dominance. Governments focus on building capability and infrastructure to remain competitive, with China's Ministry of Science and Technology allocating USD 600 million to build local capability. These actions reflect a search for acquiring technological jumps and international quantum dominance.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
Based on SkyQuest analysis, explosive development of quantum hardware technology, increased government spending on national security applications, and increased quantum cloud offerings are projected to drive the growth in the quantum computing global market through 2032. Complexity of technology, shortage of quantum-trained personnel, and prohibitive R&D costs are projected to repress mass adoption. Aggressive government-supported programs and alliances with leading companies like IBM and Google are playing their parts towards North America's leadership position. Conversely, greater focus on quantum-resistance cryptography and development in trapped-ion and photonic technologies are likely to create new opportunities for industry players worldwide.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 1.54 Billion |
| Market size value in 2033 | USD 14.51 Billion |
| Growth Rate | 28.3% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Quantum Computing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Quantum Computing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Quantum Computing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Quantum Computing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
REQUEST FOR SAMPLE
REQUEST FREE CUSTOMIZATION
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
USA (+1) 351-333-4748
