The global quantum computing market size was valued at USD 1.35 billion in 2024 and is estimated to reach around USD 13.82 billion by 2034 a
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The global quantum computing market size was valued at USD 1.35 billion in 2024 and is estimated to reach around USD 13.82 billion by 2034 a
Quantum Computing Market Forecast: Growth, Opportunities, and Emerging Trends
The global quantum computing market size is anticipated to reach USD 4.24 billion by 2030, registering a CAGR of 20.1% from 2024 to 2030, according to a new report by Grand View Research, Inc.
Quantum computing is an emerging field with the potential to revolutionize various industries and computing paradigms. While the market for quantum computing is dynamic and subject to rapid changes, several global growth trends have been shaping up its dynamics.
Investments from governments, tech giants, and venture capitalists in quantum research and development are crucial for the advancement of quantum technology. These investments support research efforts, enable the development of cutting-edge hardware and software, and drive innovation across various industries. Quantum technology is highly complex and requires significant resources for research and development. These investments help accelerate progress by providing funding for experimental work, the recruitment of top talent, and access to advanced research facilities. For instance, in November 2023, the U.S. Defense Advanced Research Projects Agency (DARPA) awarded Phase 2 funding to Rigetti Computing. This potential grant, amounting to USD 1.5 million, is intended to support Rigetti Computing in developing benchmarks for assessing the performance of large-scale quantum computers in real-world applications.
Gather more insights about the market drivers, restrains and growth of the Quantum Computing Market
Quantum Computing Market Report Highlights
• Based on offering, the system segment dominated the market with a revenue share of over 64.2% in 2023. The service segment, on the other hand, is expected to register the fastest CAGR during the forecast period, attributed to the increasing number of startups investing in R&D related to quantum computing technology.
• Based on deployment, the cloud segment is projected to account for a larger market share than the on-premises segment from 2024 to 2030
• Based on application, the optimization segment held the largest revenue share of 30.8% in 2023. By leveraging the power and speed of quantum computing, an organization can optimize their operation, improve its decision-making, and reduce costs.
• Europe dominated the market with a revenue share of 34.2% in 2023. The region witnessed the emergence of several startup and spinoff companies focused on companies focused on quantum computing
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
• The global AI agents market size was valued at USD 3.86 billion in 2023 and is expected to grow at a CAGR of 45.1% from 2024 to 2030.
• The global accelerated processing unit market size was estimated at USD 13.85 billion in 2023 and is projected to grow at a CAGR of 17.5% from 2024 to 2030.
Quantum Computing Market Segmentation
Grand View Research has segmented the global quantum computing market based on offering, deployment, application, end-user, and region:
Quantum Computing Offering Outlook (Revenue, USD Million, 2017 - 2030)
• System
• Services
Quantum Computing Deployment Outlook (Revenue, USD Million, 2017 - 2030)
• On-Premises
• Cloud
Quantum Computing Application Outlook (Revenue, USD Million, 2017 - 2030)
• Optimization
• Simulation
• Machine Learning
• Others
Quantum Computing End-user Outlook (Revenue, USD Million, 2017 - 2030)
• Aerospace & Defense
• BFSI
• Healthcare
• Automotive
• Energy & Power
• Chemical
• Government
• Others
Quantum Computing Regional Outlook (Revenue, USD Million, 2017 - 2030)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
• Latin America
o Brazil
o Mexico
• Middle East & Africa
o KSA
o UAE
o South Africa
Order a free sample PDF of the Quantum Computing Market Intelligence Study, published by Grand View Research.
Global Quantum Computing Market Size, Increasing Trend Diversity, Analysis, and Top Key Players By 2027
Quantum computing is one of the types of modern computer technology based on quantum machines and then quantum theory. Of course, the quantum computer will utilize the quantum philosophy ideas, which will differ from traditional computing in the treks of speed, bit, and data. Classical computing has been employees the two bits as 0 and 1; in addition, the system will utilize all states between 0 and 1 and then result in a superior manner and faster processing.
Thus, the system will always compare various solutions and then identify the best and superior solutions for complex and complicated problems. The critical industry types including IBM Corporation, D-wave system Inc., Cambridge Quantum Computing Ltd., and Intel Corporation, are the essential players offering computing services. Thus, the leading players mainly focus on enhancing the business sector across various nations.
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The global quantum computing market is estimated to witness a CAGR of more than 25% during the forecast period 2020-2025 | Quantum Computing Industry
Global Quantum Computing Market Size, Key Country Analysis, Leading Players and Forecast to 2027
The Global Quantum Computing market is estimated to see healthy growth, projected at a CAGR of 16.3 % during the forecast period 2020-2025. The market research report detailed company profiling of key market players such as IBM Corporation, D-Wave Systems Inc., Booz Allen Hamilton Inc., SPARROW QUANTUM, Qubitekk and others. The global Quantum Computing market research report consists of in-depth company profiling to study the 360-degree market. Analyzing company’s performance and its adopted strategy shows market dynamics. To cover the various key market parameters, the report detailed on:
· Company Overview
· Company Snapshot
· Product/Service portfolio
· Strategies
· Key Developments
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The global Quantum Computing market research report was compiled by adopting various primary and secondary research methodologies. Secondary research methodology includes studying news releases, technical papers, product literatures, government websites, white papers, and various other literatures to study the market in detail.
The market report was researched and compiled by fragmenting it in various sub groups, such as:
By Component Type :
● Hardware
● Software
o Cloud
o On-Premise
● Services
o Professional Services
o Managed Services
By Organization Size :
● Small and Medium Enterprises (SMEs)
● Large Enterprises
By End-User :
● BFSI
● IT and Telecommunications
● Manufacturing
● Retail and Consumer Goods
● Healthcare
● Transportation and Logistics
● Education
● Others
Reasons to purchase this report
1. The report would provide an in-depth analysis on the current and future market trends
2. Analysis on both global, regional and country lever markets
3. Analysis based on historical information along with the current trends to estimate the future of the market
4. Analysis of the impact of constantly changing global market scenarios on the market
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· Robust, detailed segmentation
· In-depth analysis in all geographies.
· Detailed breakup in various segmentation.
· Rigorous primary and secondary research.
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Big Trends in Enterprise Quantum Computing Market Pumps to make Great Impact in Near Future 2018-2025
A fresh report titled “ Enterprise Quantum Computing Market ” has been presented by KD market research. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Enterprise Quantum Computing Market . The competition analysis is also a major part of the report.
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The principles of quantum phenomena and integration of quantum particles into the quantum devices are the major components that allows quantum computing to function. Unlike classical computers, quantum computing system uses quantum chips, which is made of several quantum bits (qubits) to process the data. Also, the higher the number of qubits used in a single quantum chip, the easier it gets to solve complex problems. Therefore, many major industries focus on R&D of quantum chip with less or no error and greater stability. Moreover, some companies are focused on using technologies such as quantum annealing, ion trapping, superconducting, topological photonic, and others for its development. Furthermore, it is being adopted across various industrial sectors, owing to the wide applications which drive the market growth. The quantum computing technology has numerous benefits, which allows its users to build the strategies in different ways. Although being in development phase, some of the industry players have already developed the quantum computers for commercial purposes and they also plan to deploy quantum computing solutions through cloud platforms. The global enterprise quantum computing market was valued at $650 million in 2017 and is projected to reach $5,853 million by 2025, growing at a CAGR of 31.7% from 2018 to 2025.
Early adoption of quantum computing within the defense and automotive sectors is one of the major factors that drives the growth of the market. In addition, surge in investment by government entities within the market and rise in use of simulation and modeling are one of the major factors that boost the growth of the enterprise quantum computing market. However, technological challenges such as, quantum computing stability and error correction hamper the growth of the market. Furthermore, emergence of on-premises quantum computing for businesses are expected to provide opportunities for the growth of the market.
The global enterprise quantum computing market is segmented into component, deployment, technology, application, industry vertical, and region. Based on component, the market is classified into hardware, software, and services. As per deployment, the market is bifurcated into on-premise, and cloud. In terms of technology, the market is divided into quantum annealing, superconducting, trapped ion, quantum dot, and others. Based on application, the market is categorized into machine learning/deep learning/AI, optimization, simulation & data modelling, cyber security, and others. Based on industry verticals, the market is categorized into, healthcare & life sciences, IT and telecom, manufacturing, BFSI, energy & utilities, aerospace & defense, and others. Based on region, market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global enterprise quantum computing market is dominated by key players such as Alibaba Group, D-Wave Systems Inc., Google, Huawei Technologies Co., Ltd., International Business Management Corporation (IBM), ID Quantique, Intel Corporation, Microsoft, Rigetti & Co, Inc., and Toshiba Research Europe Ltd.
Key Benefits for Enterprise Quantum Computing Market:
·The study provides an in-depth analysis of the global enterprise quantum computing market along with current trends & future estimations to elucidate the imminent investment pockets.
·Information about the key drivers, restraints, and opportunities and their impact analyses on the market is provided.
· Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
· The quantitative analysis of the global enterprise quantum computing market from 2018 to 2025 is provided to determine the market potential.
Enterprise Quantum Computing Key Market Segments:
By Component
· Hardware
- Quantum Processing Units (QPU) - Dilution Refrigerator
- I/O Subsystem
· Software
- Services - Consulting Services - Training & Education
- Support & Maintenance - Others
· By Deployment
- Cloud - On-premise
· By Technology
- Quantum Annealing (Adiabatic) - Superconducting - Trapped Ion - Quantum Dot - Others
· By Application
- Machine Learning/Deep learning/AI - Optimization - Simulation & Data Modelling - Cyber Security - Others
· By Industry Verticals
- Healthcare & Life Sciences - IT and Telecom - Manufacturing - BFSI - Energy & Utilities - Aerospace & Defense - Others
· By Region
- North America - U.S. - Canada
· Europe
- UK
- Germany
- France
- Rest of Europe
· Asia-Pacific
- China - India
- Japan - Rest of Asia-Pacific
· LAMEA
- Latin America - Middle East
- Africa
· Key Market Players Profiled in the Report
- Alibaba Group - D-Wave Systems Inc. - Google - Huawei Technologies Co. Ltd. - International Business Management Corporation (IBM) - ID Quantique - Intel Corporation - Microsoft - Rigetti & Co, Inc. - Toshiba Research Europe Ltd.
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Table of Content
CHAPTER 1: INTRODUCTION
1.1. Report description 1.2. Key benefits for stakeholders 1.3. Research methodology
1.3.1. Secondary research 1.3.2. Primary research 1.3.3. Analyst tools & models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study 2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope 3.2. Key findings
3.2.1. Top impacting factors 3.2.2. Top investment pockets 3.2.3. Top winning strategies
3.3. Porter's five forces analysis 3.4. Market player positioning 3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Rising investments in quantum computing technology 3.5.1.2. Demand for high performance computing 3.5.1.3. Demand for medical research and financial markets
3.5.2. Restraint
3.5.2.1. Operational challenges 3.5.2.2. Stability and error correction issues
3.5.3. Opportunity
3.5.3.1. Emergence of on-premises quantum computing for businesses 3.5.3.2. Technological advancements in quantum computing
3.6. Quantum computing differentiators
CHAPTER 4: ENTERPRISE QUANTUM COMPUTING MARKET BY COMPONENT
4.1. Overview 4.2. Software
4.2.1. Overview 4.2.2. Key market trends, growth factors and opportunities 4.2.3. Market size and forecast by region 4.2.4. Market analysis by country
4.3. Hardware
4.3.1. Overview 4.3.2. Key market trends, growth factors and opportunities 4.3.3. Market size and forecast by region 4.3.4. Market analysis by country 4.3.5. QUANTUM PROCESSING UNITS (QPU) 4.3.6. DILUTION REFRIGERATOR 4.3.7. I/O SUBSYSTEMS
4.4. Service
4.4.1. Overview 4.4.2. Key market trends, growth factors and opportunities 4.4.3. Market size and forecast by region 4.4.4. Market analysis by country 4.4.5. CONSULTING 4.4.6. TRAINING AND EDUCATION 4.4.7. SUPPORT AND MAINTENANCE
CHAPTER 5: ENTERPRISE QUANTUM COMPUTING MARKET BY DEPLOYMENT
5.1. Overview 5.2. On-premise
5.2.1. Overview 5.2.2. Key market trends, growth factors and opportunities 5.2.3. Market size and forecast by region 5.2.4. Market analysis by country
5.3. Cloud
5.3.1. Overview 5.3.2. Key market trends, growth factors and opportunities 5.3.3. Market size and forecast by region 5.3.4. Market analysis by country
CHAPTER 6: ENTERPRISE QUANTUM COMPUTING MARKET BY TECHNOLOGY
6.1. Overview 6.2. Quantum annealing
6.2.1. Overview 6.2.2. Key market trends, growth factors and opportunities 6.2.3. Market size and forecast by region 6.2.4. Market analysis by country
6.3. Superconducting
6.3.1. Overview 6.3.2. Key market trends, growth factors and opportunities 6.3.3. Market size and forecast by region 6.3.4. Market analysis by country
6.4. Trapped Ion
6.4.1. Overview 6.4.2. Key market trends, growth factors and opportunities 6.4.3. Market size and forecast by region 6.4.4. Market analysis by country
6.5. Quantum Dot
6.5.1. Overview 6.5.2. Key market trends, growth factors and opportunities 6.5.3. Market size and forecast by region 6.5.4. Market analysis by country
6.6. Others
6.6.1. Overview 6.6.2. Key market trends, growth factors and opportunities 6.6.3. Market size and forecast by region 6.6.4. Market analysis by country
CHAPTER 7: ENTERPRISE QUANTUM COMPUTING MARKET BY APPLICATION
7.1. Overview 7.2. Machine Learning/ Deep learning/ AI
7.2.1. Overview 7.2.2. Key market trends, growth factors and opportunities 7.2.3. Market size and forecast by region 7.2.4. Market analysis by country
7.3. Optimization
7.3.1. Overview 7.3.2. Key market trends, growth factors and opportunities 7.3.3. Market size and forecast by region 7.3.4. Market analysis by country
7.4. Simulation & data modeling
7.4.1. Overview 7.4.2. Key market trends, growth factors and opportunities 7.4.3. Market size and forecast by region 7.4.4. Market analysis by country
7.5. Cyber Security
7.5.1. Overview 7.5.2. Key market trends, growth factors and opportunities 7.5.3. Market size and forecast by region 7.5.4. Market analysis by country
7.6. Others
7.6.1. Overview 7.6.2. Key market trends, growth factors and opportunities 7.6.3. Market size and forecast by region 7.6.4. Market analysis by country
CHAPTER 8: ENTERPRISE QUANTUM COMPUTING MARKET BY INDUSTRY VERTICALS
8.1. Overview 8.2. Healthcare & Life sciences
8.2.1. Overview 8.2.2. Key market trends, growth factors and opportunities 8.2.3. Market size and forecast by region 8.2.4. Market analysis by country
8.3. IT and Telecom
8.3.1. Overview 8.3.2. Key market trends, growth factors and opportunities 8.3.3. Market size and forecast by region 8.3.4. Market analysis by country
8.4. Manufacturing
8.4.1. Overview 8.4.2. Key market trends, growth factors and opportunities 8.4.3. Market size and forecast by region 8.4.4. Market analysis by country
8.5. BFSI
8.5.1. Overview 8.5.2. Key market trends, growth factors and opportunities 8.5.3. Market size and forecast by region 8.5.4. Market analysis by country
8.6. Energy & utilities
8.6.1. Overview 8.6.2. Key market trends, growth factors and opportunities 8.6.3. Market size and forecast by region 8.6.4. Market analysis by country
8.7. Aerospace & Defense
8.7.1. Overview 8.7.2. Key market trends, growth factors and opportunities 8.7.3. Market size and forecast by region 8.7.4. Market analysis by country
8.8. Others
8.8.1. Overview 8.8.2. Key market trends, growth factors and opportunities 8.8.3. Market size and forecast by region 8.8.4. Market analysis by country
CHAPTER 9: ENTERPRISE QUANTUM COMPUTING MARKET BY REGION
9.1. Overview 9.2. North America
9.2.1. Key market trends, growth factors and opportunities 9.2.2. Market size and forecast by component 9.2.3. Market size and forecast by Deployment 9.2.4. Market size and forecast by Technology 9.2.5. Market size and forecast by Application 9.2.6. Market size and forecast by Industry Verticals 9.2.7. Market size and forecast, by country 9.2.8. U.S. enterprise quantum computing market
9.2.8.1. Market size and forecast by component 9.2.8.2. Market size and forecast by Deployment 9.2.8.3. Market size and forecast by Technology 9.2.8.4. Market size and forecast by Application 9.2.8.5. Market size and forecast by Industry Verticals
9.2.9. Canada enterprise quantum computing market
9.2.9.1. Market size and forecast by component 9.2.9.2. Market size and forecast by Deployment 9.2.9.3. Market size and forecast by Technology 9.2.9.4. Market size and forecast by Application 9.2.9.5. Market size and forecast by Industry Verticals
9.3. Europe
9.3.1. Key market trends, growth factors and opportunities 9.3.2. Market size and forecast by component 9.3.3. Market size and forecast by Deployment
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Quantum Computing Market Report describes using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization for an in-depth study of Quantum Computing Market.
The demand for Quantum Computing Market 2019 is anticipated to be high for the next few years. By considering this demand we provide the latest Quantum Computing Market Report which gives complete industry analysis, market outlook, size, growth and forecast till 2023.
Quantum Computing: Technologies and Global Markets to 2022