The quantum computing market is projected to reach USD 20.20 billion by 2030 from USD 3.52 billion in 2025, at a CAGR of 41.8% during the forecast period.
Scope of the Report
Years Considered for the Study
2021-2030
Base Year
2024
Forecast Period
2025-2030
Units Considered
Value (USD Billion)
Segments
By Offering, By Deployment, By Technology, By Application, By End Use Industry, and By Region
Regions covered
North America, Europe, APAC, RoW
A major driver of the quantum computing market is the rising demand for high-performance computing to solve complex problems in drug discovery, financial modeling, and logistics optimization, where classical systems are limited. Strong government funding and corporate R&D investments further accelerate advancements. However, a key restraint is the high error rates and qubit instability, which hinder reliable large-scale computations. Additionally, high infrastructure costs and a shortage of quantum-skilled professionals pose challenges to widespread adoption.
"By deployment, cloud is expected to grow at the highest CAGR during the forecast period."
Cloud-based deployment is expected to grow with the highest CAGR as it provides cost-effective access to quantum systems without requiring heavy infrastructure investments. It enables enterprises of all sizes to experiment and scale applications through flexible, pay-as-you-go models. Leading providers like AWS, Microsoft Azure, and IBM are expanding QCaaS offerings, driving wider adoption. The growing need for remote accessibility and integration with existing cloud ecosystems further boosts this deployment model.
"Optimization application is expected to secure the largest market share in the North American market during the forecast period."
In North America, optimization applications are witnessing strong growth as industries leverage quantum computing to solve complex logistical and operational challenges. Sectors like finance, supply chain, and energy are adopting quantum algorithms to improve efficiency and reduce costs. The region's strong ecosystem of tech companies and startups accelerates the development of quantum optimization solutions. Government and enterprise collaborations further strengthen North America's leadership in this application segment.
"North America to hold the second largest share of the quantum computing market during the forecast period"
North America is experiencing robust growth in the quantum computing market, supported by strong government initiatives and funding programs. The region hosts leading players such as IBM (US), Google (US), Microsoft (US), and AWS (US), who are driving advancements in hardware, software, and services. Collaboration between academia, research institutions, and enterprises is accelerating innovation and commercialization. Industries such as finance, defense, healthcare, and aerospace are early adopters, boosting demand. Overall, North America remains the major center of global quantum computing growth and leadership.
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
By Company Type: Tier 1 - 18 %, Tier 2 - 22%, and Tier 3 -60%
By Designation: C-Level Executives - 21%, Directors - 35%, and Others - 44%
By Region: North America- 45%, Europe - 38%, Asia Pacific - 12%, Rest of world- 5%
Key players in the quantum computing market are IBM (US), Amazon Web Services (US), Microsoft (US), Rigetti Computing (US), D-Wave Quantum Inc. (Canada), Intel (US), Google (US), Toshiba (Japan), Quantinuum (US), QC Ware (US), IonQ (US), 1QB Information Technologies Inc. (Canada), Huawei (China), Bosch (Germany), NEC (Japan), Alpine Quantum Technologies GmbH (Austria), Nippon Telegraph and Telephone (Japan), Hitachi (Japan), Northrop Grumman (US), Accenture (Ireland), Fujitsu (Japan), Zapata Computing (US), Xanadu (Canada), Riverlane (UK), Quantum Computing Inc (US), PsiQuantum (US), Algorithmiq (Finland), PHASECRAFT (UK), HQS Quantum Simulations (Germany), Strangeworks Inc. (US) and evolutionQ (Canada), Alice & Bob (France), Atom Computing (US) and Diraq (Australia).
Research Coverage
The report describes detailed information regarding the key factors such as drivers, restraints, challenges, and opportunities driving the growth of the market. The report also provides detailed technology trends, trade data, and patent analysis. This research report categorizes the quantum computing market based on offering, technology, application, end-user industry, deployment, and region. A detailed analysis of the major players includes insights into their business overviews, products offered, and significant strategies adopted that include new product launches, deals (acquisitions, partnerships, agreements, and contracts), and others (expansions), and the impact on the quantum computing market.
Reason to Buy This Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue for the overall quantum computing market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insight to position their business better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key drivers, restraints, opportunities, and challenges.
The report provides insights into the following pointers:
Analysis of key drivers (Rising adoption of quantum computing in various industries), restraints (Stability and error correction issues), opportunities (Growing adoption of quantum computing technology in drug discovery), and challenges (Physical challenges related to the use of quantum computers) of the quantum computing market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the quantum computing market
Market Development: Comprehensive information about lucrative markets by analyzing the quantum computing market across varied regions
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the quantum computing market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and offerings of leading players in the quantum computing market, such as IBM (US), Amazon Web Services (US), Microsoft (US), Rigetti Computing (US), D-Wave Quantum Inc. (Canada), among others.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 List of key interview participants
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up approach (demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to estimate market size using top-down approach
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN QUANTUM COMPUTING MARKET
4.2 QUANTUM COMPUTING MARKET, BY OFFERING
4.3 ASIA PACIFIC QUANTUM COMPUTING MARKET, BY APPLICATION AND COUNTRY
4.4 QUANTUM COMPUTING MARKET, BY TECHNOLOGY
4.5 QUANTUM COMPUTING MARKET, BY END-USE INDUSTRY
4.6 QUANTUM COMPUTING MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing adoption in banking & finance services industry
5.2.1.2 Rising investments in quantum computing technology
5.2.1.3 Growing number of partnerships and collaborations
5.2.2 RESTRAINTS
5.2.2.1 Stability and error correction issues
5.2.3 OPPORTUNITIES
5.2.3.1 Technological advancements in quantum computing technology
5.2.3.2 Growing adoption of quantum computing technology in drug discovery
5.2.4 CHALLENGES
5.2.4.1 Lack of technically skilled professionals
5.2.4.2 Physical challenges related to use of quantum computers
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER
5.4 PRICING ANALYSIS
5.4.1 AVERAGE SELLING PRICE TREND OF QUANTUM COMPUTERS, 2021-2024
5.4.2 AVERAGE SELLING PRICE OF QUANTUM COMPUTERS, BY KEY PLAYER, 2024
5.4.3 AVERAGE SELLING PRICE TREND OF QUANTUM COMPUTERS, BY REGION, 2021-2024
5.5 VALUE CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
5.7 INVESTMENT AND FUNDING SCENARIO
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGIES
5.8.1.1 Superposition
5.8.1.2 Quantum computing for large language model workloads
5.8.2 COMPLEMENTARY TECHNOLOGIES
5.8.2.1 High-performance computing
5.8.2.2 AI
5.8.3 ADJACENT TECHNOLOGIES
5.8.3.1 Quantum communication
5.8.3.2 Quantum sensing
5.9 PATENT ANALYSIS
5.10 TRADE ANALYSIS
5.10.1 IMPORT DATA (HS CODE 847180)
5.10.2 EXPORT DATA (HS CODE 847180)
5.11 KEY CONFERENCES AND EVENTS, 2025-2026
5.12 CASE STUDY ANALYSIS
5.13 REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2 STANDARDS
5.13.2.1 P1913 - Software-defined quantum communication
5.13.2.2 P7130 - standard for quantum technologies definitions
5.13.2.3 P7131 - standard for quantum computing performance metrics and benchmarking
5.14 PORTER'S FIVE FORCES ANALYSIS
5.14.1 INTENSITY OF COMPETITIVE RIVALRY
5.14.2 BARGAINING POWER OF SUPPLIERS
5.14.3 BARGAINING POWER OF BUYERS
5.14.4 THREAT OF SUBSTITUTES
5.14.5 THREAT OF NEW ENTRANTS
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2 BUYING CRITERIA
5.16 IMPACT OF AI/GEN AI ON QUANTUM COMPUTING MARKET
5.17 IMPACT OF US 2025 TARIFF ON QUANTUM COMPUTING MARKET
5.17.1 INTRODUCTION
5.17.2 KEY TARIFF RATES
5.17.3 PRICE IMPACT ANALYSIS
5.17.4 IMPACT ON COUNTRIES/REGIONS
5.17.4.1 US
5.17.4.2 Europe
5.17.4.3 Asia Pacific
5.17.5 END-USE INDUSTRY-LEVEL IMPACT
6 QUANTUM COMPUTING MARKET, BY OFFERING
6.1 INTRODUCTION
6.2 SYSTEMS
6.2.1 RISING DEMAND FOR EFFECTIVE SOLUTIONS FOR SOLVING COMPLEX PROBLEMS TO FUEL MARKET GROWTH
6.3 APPLICATION SOFTWARE
6.3.1 ADVANCEMENTS IN QUANTUM HARDWARE TO DRIVE MARKET
6.4 SERVICES
6.4.1 ABILITY TO SOLVE COMPLEX PROBLEMS TO FUEL MARKET GROWTH
6.4.2 QUANTUM COMPUTING AS A SERVICE (QCAAS)
6.4.2.1 Growing adoption among researchers, physicists, and consulting companies to drive market
6.4.3 CONSULTING SERVICES
6.4.3.1 Increasing demand for optimization solutions across industries to foster market growth
7 QUANTUM COMPUTING MARKET, BY DEPLOYMENT
7.1 INTRODUCTION
7.2 ON-PREMISES
7.2.1 REDUCED RISK OF UNAUTHORIZED ACCESS TO SENSITIVE DATA TO FOSTER SEGMENTAL GROWTH
7.3 CLOUD-BASED
7.3.1 EASE OF ACCESS AND AFFORDABILITY TO DRIVE MARKET
8 QUANTUM COMPUTING MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 OPTIMIZATION
8.2.1 ABILITY TO SOLVE OPTIMIZATION PROBLEMS MORE QUICKLY AND EFFICIENTLY THAN TRADITIONAL METHODS TO FOSTER MARKET GROWTH
8.3 MACHINE LEARNING
8.3.1 EMPHASIS ON OPTIMIZING COMPLEX CONTROL SYSTEMS TO SUPPORT MARKET GROWTH
8.4 SIMULATION
8.4.1 COLLABORATIONS TO ENHANCE QUANTUM COMPUTING SIMULATION CAPABILITIES TO DRIVE MARKET
8.5 OTHER APPLICATIONS
9 QUANTUM COMPUTING MARKET, BY TECHNOLOGY
9.1 INTRODUCTION
9.2 SUPERCONDUCTING QUBITS
9.2.1 ABILITY TO OPERATE AT LOW TEMPERATURES TO DRIVE MARKET
9.3 TRAPPED ION
9.3.1 INCREASING INVESTMENT FROM GOVERNMENTS AND PRIVATE PLAYERS TO FOSTER SEGMENTAL GROWTH
9.4 QUANTUM ANNEALING
9.4.1 GROWING APPLICATION TO IMPROVE NEURAL NETWORKS' ACCURACY TO BOOST DEMAND
9.5 PHOTONIC NETWORK
9.5.1 ADVANCEMENTS IN OPTICAL COMMUNICATION TO FUEL MARKET GROWTH
9.6 OTHER TECHNOLOGIES
10 QUANTUM COMPUTING MARKET, BY END-USE INDUSTRY
10.1 INTRODUCTION
10.2 SPACE & DEFENSE
10.2.1 EMPHASIS ON DEVELOPING SECURE COMMUNICATION METHODS AND FAST OPERATIONS TO DRIVE MARKET
10.3 BANKING & FINANCE
10.3.1 GROWING APPLICATION TO OPTIMIZE TRADING TRAJECTORIES TO FUEL MARKET GROWTH
10.4 HEALTHCARE & PHARMACEUTICALS
10.4.1 ABILITY TO SPEED UP DEVELOPMENT OF NEW DRUGS TO BOOST DEMAND
10.5 ENERGY & POWER
10.5.1 GROWING NEED FOR COST-EFFECTIVE ENERGY USAGE TO FUEL MARKET GROWTH
10.6 CHEMICALS
10.6.1 ABILITY TO OPTIMIZE LARGE-SCALE CHEMICAL PROCESSES TO DRIVE MARKET
10.7 TRANSPORTATION & LOGISTICS
10.7.1 IMPROVED TRACKING OF PACKAGES AND GOODS TO FOSTER MARKET GROWTH
10.8 GOVERNMENT
10.8.1 EMPHASIS ON ADVANCING SECURITY, DEFENSE, AND RESEARCH TO DRIVE MARKET
10.9 ACADEMIC RESEARCH
10.9.1 GROWING PARTNERSHIPS AMONG TECH GIANTS AND UNIVERSITIES TO BENEFIT MARKET
11 QUANTUM COMPUTING MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
11.2.2 US
11.2.2.1 Presence of tech giants to fuel market growth
11.2.3 CANADA & MEXICO
11.2.3.1 Government-backed initiatives to develop quantum computers to drive market
11.3 EUROPE
11.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
11.3.2 UK
11.3.2.1 Presence of research centers focusing on developing quantum computers to boost demand
11.3.3 GERMANY
11.3.3.1 Advancements in R&D for next-generation quantum computing to foster market growth
11.3.4 FRANCE
11.3.4.1 Expansion of technological capabilities for secure communication across industries to fuel market growth
11.3.5 NETHERLANDS
11.3.5.1 Emphasis on expanding ecosystem for technological innovations to boost demand
11.3.6 ITALY
11.3.6.1 Strengthening investments in HPC-enabled technologies to support market growth
11.3.7 SPAIN
11.3.7.1 Increasing innovation in high-impact sectors to offer growth opportunities
11.3.8 POLAND
11.3.8.1 Accelerating development of quantum applications to fuel market growth
11.3.9 NORDICS
11.3.9.1 Development of research hubs and university-led quantum programs to support market growth
11.3.10 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
11.4.2 CHINA
11.4.2.1 Ongoing inventions and investments to develop quantum computers to foster market growth
11.4.3 JAPAN
11.4.3.1 Emphasis on strengthening tech ecosystem to fuel market growth
11.4.4 SOUTH KOREA
11.4.4.1 Ongoing innovations in semiconductor and consumer electronics sectors to boost demand
11.4.5 INDIA
11.4.5.1 Emphasis on strengthening quantum technologies to foster market growth
11.4.6 AUSTRALIA
11.4.6.1 Growing implementation for mining and optimization in transportation to fuel market growth
11.4.7 INDONESIA
11.4.7.1 Commitment to digital transformation to support market growth
11.4.8 MALAYSIA
11.4.8.1 Strategic government support to support market growth
11.4.9 THAILAND
11.4.9.1 Emphasis on establishing quantum innovation hub to drive market
11.4.10 VIETNAM
11.4.10.1 Collaborations with global leaders to support market growth
11.4.11 REST OF ASIA PACIFIC
11.5 ROW
11.5.1 MACROECONOMIC OUTLOOK FOR ROW
11.5.2 SOUTH AMERICA
11.5.2.1 Development of new and relevant partnerships to benefit market growth
11.5.3 MIDDLE EAST
11.5.3.1 Bahrain
11.5.3.1.1 Emphasis on developing digital transformation ecosystem to drive market
11.5.3.2 Kuwait
11.5.3.2.1 Emphasis on modernizing public sector to drive market
11.5.3.3 Oman
11.5.3.3.1 Focus on renewable energy, logistics, and marine sciences to boost demand
11.5.3.4 Qatar
11.5.3.4.1 Investments in advanced computing and AI to drive market
11.5.3.5 Saudi Arabia
11.5.3.5.1 International collaborations to boost demand
11.5.3.6 UAE
11.5.3.6.1 Increasing partnerships with global technology leaders to foster market growth
11.5.3.7 Rest of Middle East
11.5.4 AFRICA
11.5.4.1 Focus on academic research and government-led initiatives to boost demand
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020-2024
12.3 REVENUE ANALYSIS, 2021-2024
12.4 MARKET SHARE ANALYSIS, 2024
12.5 COMPANY VALUATION AND FINANCIAL METRICS
12.6 BRAND/PRODUCT COMPARISON
12.7 COMPANY EVALUATION MATRIX, KEY PLAYERS, 2024
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
12.7.4.1 Company footprint
12.7.4.2 Region footprint
12.7.4.3 Offering footprint
12.7.4.4 Application footprint
12.7.4.5 End-use industry footprint
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024