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Quantum Computing Market Size, Share & Trends

Report Code SE 5490
Published in Sep, 2025, By MarketsandMarkets™
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Quantum Computing Market by Offering, Deployment (On-Premises and Cloud), Application (Optimization, Simulation, Machine Learning), Technology (Trapped Ions, Quantum Annealing, Superconducting Qubits), End User and Region - Global Forecast to 2030

Quantum Computing Market – Size, Share, Trends & Forecast (2025–2030)

The global Quantum Computing Market size was estimated at USD 2.70 billion in 2024 and is predicted to increase from USD 3.52 billion in 2025 to approximately USD 20.20 billion by 2030, expanding at a CAGR of 41.8% from 2025 to 2030. The growth pattern of the quantum computing market is marked by rapid advancements in hardware, increasing cloud-based accessibility, and rising investments from both private and public sectors. Key segments positively impacting the market include machine learning, optimization, simulation applications, and cloud-based deployments, which lower entry barriers. Government agencies and regulatory bodies are playing a pivotal role, with initiatives such as the US National Quantum Initiative Act and the EU Quantum Flagship Program, as well as similar strategies in Asia, driving R&D funding, workforce development, and industry collaboration. These efforts are accelerating commercialization and shaping the market's trajectory.

Quantum Computing Market

Attractive Opportunities in the Quantum Computing Market

ASIA PACIFIC

The rising use of quantum computing services offered by companies in Japan and China is expected to fuel the growth of the market in Asia Pacific.

The growth of the quantum computing market can be attributed to the increasing investments in quantum computing technology.

Leading countries, such as the US, Germany, Japan, and China, are expected to be the key markets for quantum computing systems and services during the forecast period.

Surging number of strategic partnerships and collaborations to carry out advancements in quantum computing technology is driving the growth of the quantum computing market.

Technological advancements in quantum computing are projected to offer lucrative growth opportunities for players in the market over the next five years.

Global Quantum Computing Market Dynamics

DRIVER: Rising adoption in BFSI sector

Quantum computing is gaining traction in the banking & finance services industry, which is focusing on increasing the speed of trade activities, transactions, and data processing. One of the significant potential applications of quantum computing is simulation. Quantum computing helps identify an improved and efficient way to manage financial risks. The processing time and the costs of high-quality solutions can increase exponentially if financial institutions use classical computers. In contrast, quantum computers can carry out speedy operations at optimized costs, resulting in cost savings and new opportunities for revenue generation. The potential benefits of quantum computing in financial services include providing relevant and required cybersecurity solutions to safeguard consumers' financial data using next-generation cryptography. Moreover, detecting fraudulent activities by recognizing consumers' behavior patterns is fast using quantum computing technology, which leads to proactive fraud risk management. Additionally, the optimization of portfolio management of assets with interdependencies and predictive analytics in customer behavior can be achieved by combining quantum computing with artificial intelligence (AI). A combination of quantum computing and blockchain technology is expected to lead to the development of the most hack-proof technology in this era of IoT. This combination is also expected to significantly increase the transaction speed and reduce processing costs in the banking & finance industry, thereby reducing infrastructural downtime.

RESTRAINTS: High error rates and qubit instability

One of the major restraints of the quantum computing market is the challenge of error rates and maintaining qubit stability. Unlike classical bits, qubits are highly sensitive to their environment, and even the slightest interference from heat, radiation, or electromagnetic noise can cause them to lose coherence, leading to computational errors. This phenomenon, known as quantum decoherence, makes it extremely difficult to scale systems beyond a limited number of qubits without significant performance issues. While researchers are exploring methods such as quantum error correction codes and developing fault-tolerant architectures, these approaches require a vast number of physical qubits to create a single reliable logical qubit, making current systems highly resource-intensive. Moreover, building and maintaining such systems demand cryogenic cooling and complex infrastructure, resulting in high operational costs that limit accessibility to only a few well-funded organizations and governments. This technological bottleneck slows the pace of commercialization and makes it challenging for end-users to integrate quantum solutions into practical applications in the near term. Until robust error correction and stable large-scale architecture are achieved, the potential of quantum computing will remain constrained, delaying widespread adoption and reducing short-term returns for market players.

 

OPPORTUNITY: Growing application for drug discovery

The research and development activities related to biopharmaceuticals, from drug discovery to production, are expensive, lengthy, and risky. A new drug typically takes 10–15 years to progress from its discovery stage to its launch, and the capitalized costs related to it exceed USD 2.0 billion. The success rate of the development of new drugs is less than 10% from their entry into the clinical development stage to their launch. Biopharmaceutical companies count on a few blockbuster drugs to realize the payback of more than USD 180.0 billion that the industry spends each year on research and development activities related to new drugs. Quantum computers provide powerful tools for studying complex systems such as human physiology and the impact of drugs on biological systems and living organisms. These computers are expected to be used in a number of applications in pharmaceutical research and development activities, especially during the early phases of drug discovery and development. Computational tools are the key components for drug discovery and development. In many instances, they have significantly shortened the time companies spend on drug optimization. Researchers rely on high-performance computing of powerful supercomputers or massively parallel processing systems for carrying out in silico modeling of molecular structures, mapping the interactions between a drug and its target, and developing a simulation of the metabolism, distribution, and interaction of a drug in the human body.

CHALLENGE: Difficulties associated with engineering and developing quantum computing

Qubits require low-temperature conditions to run algorithms. They heat up easily during calculations; therefore, a cooling mechanism is required to quickly bring down the temperature of qubits for running several quantum algorithms back-to-back. Standard fans fail to provide the cooling required by quantum computers. In short, quantum computers require a cool environment for their stable operations. For instance, the quantum computer offered by D-Wave Quantum Inc. requires it to be kept at a temperature of 0.02 K, which is about −460°F. Researchers are making efforts to overcome this challenge. Moreover, quantum computers are difficult to engineer, develop, and program. As a result, they are crippled by errors in the form of noise, faults, and quantum coherence loss, which is crucial for their operations. This loss of coherence (called decoherence), caused by vibrations, temperature fluctuations, electromagnetic waves, and other interactions with the outside environment, ultimately disrupts the required quantum properties of quantum computers. This pervasiveness of decoherence and other errors results in incorrect responses from existing quantum computers to various programs.

Global Quantum Computing Market Ecosystem Analysis

The figure illustrates the comprehensive ecosystem of the quantum computing market, showcasing players across core systems, platforms, services, and adjacent technologies. It highlights the diversity of approaches, including superconducting qubits, trapped ions, spin-based systems, and quantum annealers, with contributions from global technology leaders. The framework also maps supporting elements such as software development kits, error correction tools, and provisioned services, reflecting the collaborative nature of the industry. Additionally, it emphasizes adjacent segments like quantum-inspired computing and cryptography, underlining how the broader innovation landscape supports commercialization and scalability of quantum technologies.

Top Quantum Computing Market

In terms of technology, superconducting qubits are expected to have the largest market share during the forecast period.

Superconducting qubits are expected to hold the largest market share in the quantum computing market due to their technological maturity, scalability, and strong industry backing. Unlike other modalities that are still in experimental stages, superconducting qubits have already been deployed in functional quantum processors by leading players such as IBM, Google, and Rigetti. These systems leverage well-established semiconductor fabrication techniques, making them relatively easier to scale compared to competing technologies. Additionally, superconducting qubits benefit from faster gate operations, which enhance computational speed and efficiency, a critical factor for practical applications. Their compatibility with existing cryogenic technologies also supports the development of stable environments for experimentation and commercialization. Significant advancements in quantum error correction and circuit design within this architecture have further improved performance, reinforcing industry confidence. Major technology firms and cloud providers are heavily investing in superconducting-based quantum systems, making them widely accessible through cloud platforms and accelerating adoption across enterprises, startups, and research institutions. With continued improvements in qubit coherence times and the support of a strong ecosystem of developers and partners, superconducting qubits are well-positioned to remain the dominant architecture in the foreseeable future, driving early commercialization and market leadership.

In terms of application, machine learning is expected to grow with the highest CAGR during the forecast period.

Machine learning is expected to witness the highest growth rate in the quantum computing market because of its ability to transform industries by solving problems that are computationally intensive for classical systems. Traditional machine learning models often struggle with large datasets and complex pattern recognition tasks, whereas quantum computing can accelerate training, improve optimization, and handle high-dimensional data more effectively. Quantum machine learning (QML) leverages superposition and entanglement to process multiple possibilities simultaneously, enabling faster and more accurate insights. This capability is particularly valuable in areas such as natural language processing, fraud detection, personalized medicine, and financial modeling, where speed and precision are critical. Furthermore, enterprises are increasingly adopting AI and machine learning solutions, creating a natural synergy with quantum advancements. Governments and private organizations are also funding research programs aimed at exploring quantum-enhanced machine learning algorithms, further fueling growth. The accessibility of quantum computing through cloud platforms has enabled developers and researchers to experiment with QML without the need for specialized hardware, accelerating adoption. As industries demand smarter, faster, and more efficient AI-driven solutions, machine learning stands out as the segment where quantum computing can create the most immediate and impactful breakthroughs, driving its rapid expansion in the coming years.

Asia Pacific is Expected to Register the Highest Growth Rate During the Forecast Period.

Asia Pacific is expected to record the highest growth rate in the quantum computing market due to a combination of government initiatives, rising investments, and the rapid digital transformation of industries in the region. Countries such as China, Japan, South Korea, India, and Australia are heavily investing in quantum research and development, with national strategies and funding programs aimed at achieving technological leadership. China, for example, has already established a strong presence with its quantum communication networks and large-scale R&D investments, while Japan and South Korea are leveraging their semiconductor expertise to advance quantum hardware. India has also launched its National Quantum Mission, reflecting its commitment to building indigenous capabilities. The region's fast-growing technology ecosystem, coupled with its thriving AI, telecom, and financial services sectors, provides fertile ground for quantum applications in optimization, simulation, and machine learning. Moreover, strong collaborations between academia, startups, and global technology firms are accelerating commercialization. The growing demand for cloud-based quantum access in the Asia Pacific further enhances scalability and accessibility, enabling enterprises and research institutions to experiment without heavy infrastructure costs. With supportive government policies, a skilled talent pool, and high adoption potential across industries, the Asia Pacific is positioned to be the fastest-growing region in the quantum computing market.

LARGEST MARKET SHARE IN 2025-2030
CHINA FASTER-GROWING MARKET IN REGION
Quantum Computing Market Size and Share

Recent Developments of Quantum Computing Market

  • In August 2025, D-Wave announced the launch of a new suite of resources aimed at accelerating innovation in quantum artificial intelligence (AI) and machine learning (ML). The release includes an open-source quantum AI toolkit and a demonstration project. Now available for download, the toolkit enables developers to integrate quantum computing into contemporary ML architectures seamlessly. The accompanying demo showcases how developers can use D-Wave™ quantum processors to generate simple images—an advancement the company views as a significant milestone in the evolution of quantum AI capabilities.
  • In August 2024, IBM's quantum-safe cryptographic algorithms were officially published as part of the first post-quantum cryptography standards by NIST. Among the three new standards, IBM's ML-KEM (CRYSTALS-Kyber) and ML-DSA (CRYSTALS-Dilithium) were developed in collaboration with industry partners, while SLH-DSA (SPHINCS+) was co-developed by a researcher now at IBM. These standards are crucial for securing data against future quantum computer threats. IBM continues to lead in post-quantum cryptography, integrating these advancements into its products and services to ensure a quantum-safe future.
  • In May 2025, QphoX, Rigetti, and the UK's National Quantum Computing Centre (NQCC) announced a collaboration in May 2025 focused on advancing multi-channel optical readout technology for quantum processors. The project aims to enable optical readout of all qubits in Rigetti's 9-qubit Novera quantum processor unit (QPU) by scaling QphoX's microwave-to-optical transduction technology. This approach replaces conventional microwave amplifiers and coaxial wiring with optical fibers, significantly reducing heat load on cryogenic systems—a critical bottleneck in scaling superconducting quantum computers.
  • In January 2025, Microsoft launched the Quantum Ready Program in early 2025 to help businesses prepare for the emerging quantum computing era. The program is designed to equip business and government leaders with tools, insights, and strategies to navigate the transformative potential of quantum computing.
  • In December 2023, Rigetti unveiled its Novera QPU. This 9-qubit quantum processing unit (QPU) boasts innovative features like tunable couplers and a square lattice design, which enable faster two-qubit operations and increased connectivity. Notably, the Novera QPU is manufactured in Rigetti's own Fab-1 facility, setting it apart as the first commercially available QPU produced in a dedicated quantum device manufacturing plant.

Key Market Players

List of Top Quantum Computing Market

The following players dominate the Quantum Computing Market:

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Scope of the Report

Report Attribute Details
Market size available for years 2021–2030
Base year considered 2024
Forecast period 2025–2030
Forecast units Value (USD Million/Billion), Volume (Units)
Segments Covered By Offering, By Deployment, By Technology, By Application, By End User Industry, and By Region
Regions covered North America, Europe, Asia Pacific, and the Rest of the World

Key Questions Addressed by the Report

What will the quantum computing market size be in 2030 from 2025?

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%.

What are the major driving factors and opportunities in the quantum computing market?

Rising demand for high-performance computing in industries such as healthcare and pharma, banking & finance, for complex optimization and simulation is projected to drive the market.

Who are the leading global quantum computing market players?

The major players in quantum computing include IBM (US), Amazon Web Services (US), Microsoft (US), Rigetti Computing (US), D-Wave Quantum Inc. (Canada), among others.

Which end-user industry is expected to have the largest market size during the forecast period?

The banking & finance segment is likely to be the major end-user industry in the quantum computing market. In banking and finance, the drive for quantum computing stems from its ability to optimize portfolios, enhance risk analysis, accelerate simulations, and improve fraud detection beyond classical computing limits.

Which region is expected to adopt quantum computing at a fast rate?

The Asia Pacific region is expected to adopt quantum computing at the fastest rate. Countries such as China and India are expected to have a high potential for future market growth.

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Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
INTRODUCTION
15
RESEARCH METHODOLOGY
20
EXECUTIVE SUMMARY
25
PREMIUM INSIGHTS
30
MARKET OVERVIEW
35
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
  • 5.3 PORTER'S FIVE FORCES ANALYSIS
    BARGAINING POWER OF SUPPLIERS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF BUYERS
    INTENSITY OF RIVALRY
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 TARIFF AND REGULATORY LANDSCAPE
    TARIFF DATA (HS CODE 847180- AUTOMATIC DATA-PROCESSING MACHINES (EXCLUDING PROCESSING UNITS, INPUT OR OUTPUT UNITS, AND STORAGE UNITS)
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.7 KEY REGULATIONS
  • 5.8 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND, BY REGION (2021-2024)
    AVERAGE SELLING PRICE TREND OF OFFERING, BY KEY PLAYERS (2021-2024)
  • 5.9 TRADE ANALYSIS (2021-2024)
    EXPORT SCENARIO
    IMPORT SCENARIO
  • 5.10 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Superposition
    - Qubits
    - Entanglement
    - Quantum Computing for Large Language Models Workloads
    COMPLEMENTARY TECHNOLOGY
    - High Performance Computing
    - Blockchain
    ADJACENT TECHNOLOGY
    - Quantum Communication
    - Quantum Sensing
  • 5.11 PATENT ANALYSIS
  • 5.12 CASE STUDY ANALYSIS
  • 5.13 KEY STAKEHOLDERS & BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.14 KEY CONFERENCES AND EVENTS (2025-2026)
  • 5.15 INVESTMENT AND FUNDING SCENARIO
  • 5.16 IMPACT OF AI ON QUANTUM COMPUTING MARKET
  • 5.17 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
  • 5.18 IMPACT OF 2025 US TARIFF - QUANTUM COMPUTING MARKET
    INTRODUCTION
    KEY TARIFF RATES
    PRICE IMPACT ANALYSIS
    IMPACT ON COUNTRY/REGIONS
    - The US
    - Europe
    - Asia Pacific
    IMPACT ON END-USE INDUSTRY
QUANTUM COMPUTING MARKET, BY OFFERING
50
  • 6.1 INTRODUCTION
  • 6.2 SYSTEM (HARDWARE)
  • 6.3 APPLICATION SOFTWARE
  • 6.4 SERVICES
    QUANTUM COMPUTING AS A SERVICE (QCAAS)
    CONSULTING SERVICES
QUANTUM COMPUTING MARKET, BY DEPLOYMENT
70
  • 7.1 INTRODUCTION
  • 7.2 ON PREMISES
  • 7.3 CLOUD
QUANTUM COMPUTING MARKET, BY APPLICATION
90
  • 8.1 INTRODUCTION
  • 8.2 OPTIMIZATION
  • 8.3 AI/MACHINE LEARNING
  • 8.4 SIMULATION
  • 8.5 OTHERS(FACTORIZATION, SAMPLING AND RESEARCH)
QUANTUM COMPUTING MARKET, BY TECHNOLOGY
110
  • 9.1 INTRODUCTION
  • 9.2 SUPERCONDUCTING QUBITS
  • 9.3 TRAPPED IONS
  • 9.4 QUANTUM ANNEALING
  • 9.5 PHOTONIC NETWORKS
  • 9.6 SPIN QUBITS
  • 9.7 TOPOLOGICAL
  • 9.8 OTHER (DIAMOND DEFECT, NEUTRAL ATOMS)
QUANTUM COMPUTING MARKET, BY END USER INDUSTRY
150
  • 10.1 INTRODUCTION
  • 10.2 SPACE AND DEFENSE
  • 10.3 BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI)
  • 10.4 HEALTHCARE AND PHARMACEUTICALS
  • 10.5 ENERGY AND POWER
  • 10.6 CHEMICALS
  • 10.7 LOGISTICS AND TRANSPORTATION
  • 10.8 ACADEMIC
  • 10.9 GOVERNMENT
QUANTUM COMPUTING MARKET, BY REGION
190
  • 11.1 INTRODUCTION
  • 11.2 NORTH AMERICAS
    MACROECONOMIC OUTLOOK FOR NORTH AMERICA
    US
    CANADA
    MEXICO
  • 11.3 EUROPE
    MACROECONOMIC OUTLOOK FOR EUROPE
    GERMANY
    FRANCE
    UK
    ITALY
    SPAIN
    POLAND
    NORDICS
    NETHERLANDS
    - Rest of Europe
  • 11.4 ASIA PACIFIC
    MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
    CHINA
    JAPAN
    SOUTH KOREA
    INDIA
    AUSTRALIA
    INDONESIA
    MALAYSIA
    THAILAND
    - Vietnam
    - Rest of Asia Pacific
  • 11.5 ROW
    MACRO-ECONOMIC OUTLOOK ON ROW
    MIDDLE EAST
    - Bahrain
    - Kuwait
    - Oman
    - Qatar
    - Saudi Arabia
    - United Arab Emirates (UAE)
    - Rest of the Middle East
    AFRICA
    - South Africa
    - Other African Countries
    SOUTH AMERICA
QUANTUM COMPUTING MARKET, COMPETITIVE LANDSCAPE
240
  • 12.1 INTRODUCTION
  • 12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
  • 12.3 REVENUE ANALYSIS (2021-2024)
  • 12.4 MARKET SHARE ANALYSIS, 2024
  • 12.5 BRAND/PRODUCT COMPARISON
  • 12.6 COMPANY VALUATION AND FINANCIAL METRICS
  • 12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2024
    - Company Footprint
    - Region Footprint
    - Application Footprint
    - End User Industry Footprint
    - Technology Footprint
  • 12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    - Detailed List of Key Startups/SMEs
    - Competitive Benchmarking of Key Startups/SMEs
  • 12.9 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    EXPANSION
QUANTUM COMPUTING MARKET, COMPANY PROFILES
290
  • 13.1 KEY PLAYERS
    IBM
    D-WAVE QUANTUM INC
    MICROSOFT
    RIGETTI COMPUTING
    GOOGLE
    INTEL
    TOSHIBA
    QUANTINUUM
    QC WARE
    - IonQ
  • 13.2 OTHER PLAYERS
    1QB INFORMATION TECHNOLOGIES
    AMAZON
    HUAWEI
    BOSCH
    NEC
    ALPINE QUANTUM TECHNOLOGIES GMBH (AQT)
    NTT
    HITACHI
    NORTHROP GRUMMAN
    - Accenture
    - Fujitsu
    - Quantica Computacao
    - Zapata Computing
    - Xanadu
    - IonQ
    - Riverlane
    - Quantum Circuits
    - evolutionQ
    - ABDProf
    - Anyon Systems
    - PsiQuantum
APPENDIX
330
  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.3 AVAILABLE CUSTOMIZATIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the quantum computing market. Exhaustive secondary research has been done to collect information on the market, peer, and parent markets. The next steps are to validate these findings, assumptions, and size with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the global market size. After that, market breakdown and data triangulation have been used to estimate the market sizes of segments and subsegments.

Secondary Research

Secondary sources for this research study include corporate filings (such as annual reports, investor presentations, and financial statements), trade, business, and professional associations, white papers, certified publications, articles from recognized authors, directories, and databases. Secondary data was collected and analysed to determine the overall market size, further validated by primary research.

Primary Research

Extensive primary research was conducted after understanding and analysing the quantum computing market scenario through the secondary research process. Several primary interviews were conducted with key opinion leaders from the demand- and supply-side vendors across four major regions—North America, Asia Pacific, Europe, and RoW (including the Middle East, Africa, and South America). After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary research. This and the in-house subject matter experts’ opinions have led us to the findings described in the remainder of this report.

Quantum Computing Market Size, and Share

Note: Three tiers of the companies were defined based on their total/segmental revenue as of 2024; Tier 1 = >USD 1 billion, Tier 2 = USD 1 billion–USD 500 million, and Tier 3 = USD 500 million. Others include sales, marketing, and product managers.

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Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the quantum computing market. These methods have also been extensively used to estimate the sizes of various market subsegments. The research methodology used to estimate the market sizes includes the following:

  • Identifying various applications that use or are expected to use the quantum computing market.
  • Analyzing historical and current data pertaining to the size of the quantum computing market for each application
  • Analyzing the average selling prices of quantum computing based on different technologies
  • Studying various paid and unpaid sources, such as annual reports, press releases, white papers, and databases
  • Identifying leading providers of quantum computing, studying their portfolios, and understanding features of their products and their underlying technologies, as well as the types of quantum computing products offered
  • Tracking ongoing and identifying upcoming developments in the market through investments, research and development activities, product launches, expansions, and partnerships, and forecasting the market size based on these developments and other critical parameters
  • Carrying out multiple discussions with key opinion leaders to understand the technologies used in quantum computing, and products wherein they are deployed, and analyzing the breakdown of the scope of work carried out by key manufacturers of quantum computing providers
  • Verifying and cross-checking estimates at every level through discussions with key opinion leaders, such as CXOs, directors, and operations managers, and finally with domain experts at MarketsandMarkets

Quantum Computing Market : Top-Down and Bottom-Up Approach

Quantum Computing Market Top Down and Bottom Up Approach

Data Triangulation

The market has been split into several segments and subsegments after arriving at the overall market size, using the market size estimation processes explained above. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

Quantum computing involves phenomena such as quantum entanglement and quantum mechanics superposition that quantum computers use for their enhanced computing power. The improved computing power of quantum computers can be attributed to how data is represented. Conventional computers use bits that can either be 1s or 0s, while quantum computers use qubits (quantum bits), which can be both 0s and 1s simultaneously due to superposition. Quantum computing devices or quantum computers operate with nanoscale components at low temperatures, and they have the potential to address some of the most challenging computational problems.

Key Stakeholders

  • Research organizations and universities
  • Original equipment manufacturers (OEMs)
  • Technology standard organizations, forums, alliances, and associations
  • Analysts and strategic business planners
  • Government bodies, venture capitalists, and private equity firms
  • End users

Report Objectives

  • To define, describe, segment, and forecast the quantum computing market in terms of value based on offering, deployment, technology, application, end-user, and region.
  • To estimate the size of the market and its segments concerning four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their key countries.
  • To provide detailed information regarding the key factors influencing market growth, such as drivers, restraints, opportunities, and challenges
  • To offer a detailed analysis of the quantum computing value chain
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies
  • To analyze key growth strategies such as expansions, contracts, joint ventures, acquisitions, product launches and developments, and research and development activities undertaken by players operating in the quantum computing market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of 34 market players

Previous Versions of this Report

Quantum Computing Market by Offering, Deployment (On-Premises And Cloud), Application (Optimization, Simulation, Machine Learning), Technology (Trapped Ions, Quantum Annealing, Superconducting Qubits), End User and Region - Global Forecast to 2029

Report Code SE 5490
Published in Apr, 2024, By MarketsandMarkets™

Quantum Computing Market by Offering, Deployment (on-Premises and Cloud), Application (Optimization, Simulation, Machine Learning), Technology (Trapped Ions, Quantum Annealing, Superconducting Qubits), End User and Region- Global Forecast to 2028

Report Code SE 5490
Published in Mar, 2023, By MarketsandMarkets™

Quantum Computing Market with COVID-19 impact by Offering (Systems and Services), Deployment (On Premises and Cloud Based), Application, Technology, End-use Industry and Region - Global Forecast to 2026

Report Code SE 5490
Published in Feb, 2021, By MarketsandMarkets™

Quantum Computing Market by Offering (Systems and Consulting Solutions), End-User Industry, and Geography; QCaaS Market by Application (Optimization, Machine Learning, and Material Simulation) and Geography - Global Forecast to 2024

Report Code SE 5490
Published in May, 2019, By MarketsandMarkets™

Quantum Computing Market by Offering (Systems and Consulting Solutions), End-User Industry, and Geography; QCaaS Market by Application (Optimization, Machine Learning, and Material Simulation) and Geography - Global Forecast to 2024

Report Code SE 5490
Published in Aug, 2017, By MarketsandMarkets™
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