Quantum Computing Market Size, Share, Opportunities, And Trends By Component (Hardware, Software and Service), By Deployment (On-Premises, Cloud-Based), By Industry Vertical (BFSI, Automotive, Manufacturing, Healthcare, IT & Telecom, Energy & Utilities, Others), By Application (Artificial Intelligence & Machine Learning, Computational Chemistry, Drug Design & Development, Cybersecurity & Cryptography, Financial Modelling, Logistics Optimisation, Others), And By Geography - Forecasts From 2025 To 2030

The Quantum Computing market is estimated at US$1,793.245 million in 2025 and is expected to grow at a CAGR of 31.64% to attain US$7,088.133 million by 2030.

The application of Quantum theory in computer science is known as quantum computing. It is related to the idea of using subatomic particles, such as electrons or photons. It all falls under quantum computing. Armed with these quantum bits, or qubits, the particles could vary in two states at once. Conventional computers use a binary operation of electric signals to represent information in terms of bits (1 and 0). This limits the amount of information that can be processed by them as compared to quantum computing.

Moreover, quantum computing can separate the potential solutions from the challenging problems, and reduce everything to a manageable power. Additionally, they have a major role in diverse industries from security to banking, military intelligence, drug discovery, aircraft designs, utilities (nuclear fusion), polymer design, and machine learning processes; merging artificial intelligence responding triggers big data search & digital manufacturing. They could be used to enhance encrypted information transfer or for better missile/airplane recognition by radars.

Additionally, the quantum computing market will experience expansion during the forecasted period due to various variables including the government investing in quantum technologies by providing subsidies as well as collaborating with private organizations and corporations. Additionally, the advanced quantum technologies used in large-scale optimization are also rising for multiple sectors for faster quantum algorithm performance results. 

What are the drivers of the Quantum Computing Market?

• Government investments and partnerships with private companies aimed at digitization support.

Governments around the world recognize the vital significance of quantum innovation, which has the potential to revolutionize different businesses. Major ventures are being made in quantum research and advancement, supporting the improvement of new equipment, programs, and algorithms. Government initiatives have been set up to cultivate advancement and maintain innovative administration. Collaborations between governments and private companies can quicken the improvement and commercialization of quantum computing applications. Governments are given subsidizing, infrastructure, and expertise, whereas private companies contribute their innovative capabilities and market information.

Moreover, governments are spending majorly on quantum computing innovation, which reflects the growing demand for the technology. For instance, in November 2022, The German Aerospace Center (DLR) called for proposals for the improvement of quantum computing with solid-state spins. The initiative focuses on constructing models of quantum computers over four years. The primary sub-project aimed at a transportable demonstrator for preparation was aimed to be completed by 2023. The second sub-project was to create and construct a model of a quantum processor based on solid-state spins. The framework is extended to 50 qubits or more over several phases. The venture, which ran for three and a half years, focused on progressing quantum innovation and digitalization.

Additionally, the Union Cabinet announced the approval of the National Quantum Mission (NQM) on 19th April 2023, costing Rs. 6003.65 crore from 2023-24 to 2030-31. The mission objective is to propel scientific and mechanical R&D, make a dynamic QT environment, and quicken QT-led economic development. The mission focuses on creating intermediate-scale quantum computers with 50-1000 physical qubits in 8 years utilizing stages like superconducting and photonic innovation.

This could also lead to better quality computing solutions getting developed due to more strategic collaborations happening by major players and organizations. As an example of this, a high-level team from Finland visited the Centre for Development of Advanced Computing (C-DAC), Pune in December 2022 to explore potential areas and opportunities for bilateral cooperation in the following thematic segments on quantum technologies, HPC-quantum integration, and applications. 

• Increased computational power with advancements in quantum hardware. 

Quantum computers provide expanded computational control, empowering them to handle complex issues like large-scale optimization and medicate discovery. They perform calculations exponentially quicker than classical calculations, giving substantial benefits in different areas. Progressions in quantum equipment, such as progressed qubit quality and coherence times, empower more dependable operations. Researchers are working on versatile quantum designs to extend qubits and improve computational control. Quantum computers have the potential to revolutionize different businesses by providing quicker handling speeds for complex calculations. Various global companies are progressively working towards these advancements in quantum computing power.

For instance, in June 2024 Fujitsu reported receiving an order for a gate-based superconducting quantum computer from the National Institute of Advanced Industrial Science and Technology (AIST) on May 15, 2024. The Japanese seller, which set up the RIKEN RQC-Fujitsu partnership in 2021, has been doing joint research with RIKEN to scale up superconducting quantum computers. The modern superconducting quantum computer created utilizing innovation from the RIKEN RQC-Fujitsu Collaboration Center, will be worked by AIST's Global Research and Development Center for Business by Quantum-AI technology (G-QuAT) at the start of 2025.

Quantum Computing Market is segmented into five regions worldwide:

North America has a significant share in the global technology players, this is attributable due to the existence of key players such as Google, Intel, and IBM Corporation which positively drive the growing adoption of big data platforms. Also, the industry is mostly led by some major technological development centers throughout this region which work in the regional market to grow and attract large investments leading to growth in the quantum computing demand.

Additionally, the IT industry is booming in many sectors like medicine, transportation, finance, and chemicals are growing & countries like Canada and the United States are in the quantum computing market. Following this, Quantum Computing Inc., headquartered in New Jersey, United States, is an innovative, integrated photonics company that provides solutions for quantum machines. The company’s revenue in 2022 was US$1,35,648 thousand, which increased to US$3,58,047 thousand in 2023. Hence, the increasing revenue indicates the increasing demand for quantum computing, and in the projected period, the rising application in various end-user sectors is anticipated to propel market growth.

Key developments in the Quantum Computing Market:

• In July 2024, The Australian National University (ANU) and Fujitsu Australia Limited announced signing a memorandum of understanding to set up a world-class quantum research office in Australia. The agreement focused on giving access to a center for quantum research and constructing an onsite quantum computer for industry and government experts, analysts, academics, and students.
• In June 2024, IBM and Pasqal collaborated to create a common approach to quantum-centric supercomputing. They worked with leading educators in high-performance computing to set up the establishments for quantum-centric supercomputing, coordinating quantum computing with progressed classical computing to make the next generation of supercomputers. 

Quantum Computing Market Scope:

Report Metric	Details
Quantum Computing Market Size in 2025	US$1,793.245 million
Quantum Computing Market Size in 2030	US$7,088.133 million
Growth Rate	CAGR of 31.64%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Million
Segmentation	Component Deployment Industry Vertical Applications Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Quantum Computing Market	IBM Microsoft Quantum Computing Inc. Intel Corporation D-Wave Quantum Inc.
Customization Scope	Free report customization with purchase

 

The Quantum computing market is segmented and analyzed as follows:

• By Component
  • Hardware
  • Software and Service
• By Deployment
  • On-Premises
  • Cloud-Based
• By Industry Vertical
  • BFSI
  • Automotive
  • Manufacturing
  • Healthcare
  • IT & Telecom
  • Energy & Power
  • Others
• By Applications
  • Artificial Intelligence & Machine Learning
  • Computational Chemistry
  • Drug Design & Development
  • Cybersecurity & Cryptography
  • Financial Modelling
  • Logistics Optimisation
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits for the Stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Supplier

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. QUANTUM COMPUTING MARKET BY COMPONENT

5.1. Introduction

5.2. Hardware

5.3. Software and Service

6. QUANTUM COMPUTING MARKET BY DEPLOYMENT

6.1. Introduction

6.2. On-Premises

6.3. Cloud-Based

7. QUANTUM COMPUTING MARKET BY INDUSTRY VERTICAL

7.1. Introduction

7.2. BFSI

7.3. Automotive

7.4. Manufacturing

7.5. Healthcare

7.6. IT & Telecom

7.7. Energy & Power

7.8. Others

8. QUANTUM COMPUTING MARKET BY APPLICATIONS

8.1. Introduction

8.2. Artificial Intelligence & Machine Learning

8.3. Computational Chemistry

8.4. Drug Design & Development

8.5. Cybersecurity & Cryptography

8.6. Financial Modelling

8.7. Logistics Optimisation

8.8. Others

9. QUANTUM COMPUTING MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Component

9.2.2. By Deployment

9.2.3. By Industry Vertical

9.2.4. By Application

9.2.5. By Country

9.2.5.1. USA

9.2.5.2. Canada

9.2.5.3. Mexico

9.3. South America

9.3.1. By Component

9.3.2. By Deployment

9.3.3. By Industry Vertical

9.3.4. By Application

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.2. Argentina

9.3.5.3. Others 

9.4. Europe

9.4.1. By Component

9.4.2. By Deployment

9.4.3. By Industry Vertical

9.4.4. By Application

9.4.5. By Country

9.4.5.1. Germany 

9.4.5.2. France

9.4.5.3. United Kingdom

9.4.5.4. Spain

9.4.5.5. Others

9.5. Middle East and Africa

9.5.1. By Component

9.5.2. By Deployment

9.5.3. By Industry Vertical

9.5.4. By Application

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.2. UAE

9.5.5.3. Others

9.6. Asia Pacific

9.6.1. By Component

9.6.2. By Deployment

9.6.3. By Industry Vertical

9.6.4. By Application

9.6.5. By Country

9.6.5.1. China 

9.6.5.2. Japan

9.6.5.3. India

9.6.5.4. South Korea

9.6.5.5. Indonesia

9.6.5.6. Taiwan

9.6.5.7. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. IBM

11.2. Microsoft

11.3. Quantum Computing Inc.

11.4. Intel Corporation

11.5. D-Wave Quantum Inc.

11.6. Quix Quantum BV

11.7. Alpine Quantum Technologies GmbH

11.8. ORCA Computing

11.9. Rigetti & Co, LLC.

11.10. Google LLC

11.11. Nanofiber Quantum Technologies 

11.12. IQM Finland Oy

IBM

Microsoft

Quantum Computing Inc.

Intel Corporation

D-Wave Quantum Inc.

Quix Quantum BV

Alpine Quantum Technologies GmbH

ORCA Computing

Rigetti & Co, LLC.

Google LLC

Nanofiber Quantum Technologies 

IQM Finland Oy