Global Quantum Computing Market: Overview
As per Roots Analysis, the global quantum computing market is expected to grow from USD 422 million in the current year to USD 1,633 million, at a CAGR of 14.5% during the forecast period.
The market sizing and opportunity analysis has been segmented across the following parameters:
Type of Drug Discovery Service Offered
- Target Identification / Validation
- Hit Generation / Lead Identification
- Lead Optimization
Therapeutic Area
- Cardiovascular Disorders
- CNS Disorders
- Dermatological Disorders
- Endocrine Disorders
- Gastrointestinal Disorders
- Immunological Disorders
- Infectious Diseases
- Musculoskeletal Disorders
- Oncological Disorders
- Respiratory Disorders
- Others
Key Geographical Regions
- North America
- Europe
- Asia-Pacific
- Middle East and North Africa
- Latin America
Global Quantum Computing Market: Growth and Trends
On average, it requires 10-15 years and investments ranging from USD 4-10 billion to bring a drug to market, which renders the drug discovery process lengthy and resource intensive. To tackle these issues, developers are moving away from conventional methods towards the implementation of innovative discovery approaches. Quantum computing in drug discovery has become a key technology that helps identify promising lead candidates with the necessary physiochemical and pharmacokinetic properties, eliminating the need for extensive screening processes. Quantum computing functions in a fundamentally different manner compared to conventional binary computers, which depend on voltage-driven principles. In contrast to the distinct 0 and 1 states of single bits in conventional computing. Quantum computing leverages the concepts of quantum mechanics, using methods such as superconducting circuits or ion traps. This allows them to attain quantum superposition - a condition where quantum bits (qubits) can be in a concurrent state of both 0 and 1.
In recent years, quantum computing has advanced considerably and influenced the pharmaceutical and healthcare sectors by improving the mapping of interactions between a medication and its intended patient while decreasing the time and expenses related to the development processes. Moreover, due to the advantages linked to quantum computing and its growing demand, particularly in the biopharmaceutical sector for drug discovery and production, this area is anticipated to generate profitable business prospects for service providers.
Global Quantum Computing Market: Key Insights
The report delves into the current state of global quantum computing market and identifies potential growth opportunities within industry. Some key findings from the report include:
- Presently, over 45 players around the globe claim to offer quantum computing services across different steps of drug discovery.
- Leveraging their expertise, 86% stakeholders offer such services across target discovery / identification, primarily focusing on oncological disorders.
- In pursuit of gaining a competitive edge, manufacturers claim to be steadily expanding their existing capabilities in order to enhance their service portfolios related to quantum computing.
- Grants worth over USD 70 million have been awarded to various organizations that have actively undertaken R&D efforts to evaluate the potential of quantum computing in drug discovery.
- A considerable increase in the partnership activity has been witnessed in the past few years; close to 50% of the collaborations were inked by firms based in the same region.
- Majority of these deals are research and development agreements (35%), followed by platform utilization agreements (30%).

- More than 30 players, worldwide, claim to offer hardware-as-a-service for quantum computing in drug discovery, and have developed the required expertise in different types of computational approaches.
- Majority of the quantum computing hardware providers, headquartered in North America, were established before the year 2000; in fact, ~50% of the overall market landscape is catered by large companies.
- The rise in the adoption of quantum computing in the biopharmaceutical industry is anticipated to create profitable business opportunities for both software and hardware providers.
- Based on the pioneer-migrator-settler map, we have classified the software providers into different categories; a selection of pioneers is expected to provide valuable offerings to lead the market in the long term.
- We expect the market to grow at an annualized rate of 14.5% in the coming decade; the opportunity is likely to be well distributed across types of drug discovery services, therapeutic areas and key geographical regions.

Global Quantum Computing Market: Key Segments
Lead Optimization Segment Occupies the Largest Share of the Quantum Computing Market
In terms of drug discovery service offered, the market is segmented into target identification / validation, hit generation / lead identification and lead optimization. At present, majority (~62%) of the market share is captured by lead optimization segment. Additionally, this segment is likely to grow at a faster pace compared to the other segments.
CNS Disorders are the Fastest Growing Therapeutic Area Segment in the Quantum Computing Market
In terms of the therapeutic area, the market is segmented into cardiovascular disorders, CNS disorders, dermatological disorders, endocrine disorders, gastrointestinal disorders, immunological disorders, infectious diseases, musculoskeletal disorders, oncological disorders, respiratory disorders and others. Currently, oncological disorders segment captures the highest proportion of quantum computing market. Further, the CNS disorders segment is expected to grow at a relatively higher CAGR.
North America Accounts for the Largest Share of the Market
In terms of key geographical regions, the market is segmented into North America, Europe, Asia- Pacific, Middle East and North Africa, and Latin America. Currently, North America (48%) dominates the quantum computing market and accounts for the largest revenue share. However, the market in Asia Pacific is expected to grow at a higher CAGR.
Example Players in the Global Quantum Computing Market
- Accenture
- Amazon Web Services
- Atos
- Fujitsu
- Huawei
- IBM
- Microsoft
- Xanadu
- XtalPi
Global Quantum Computing Market: Research Coverage
- Market Sizing and Opportunity Analysis: The report features an in-depth analysis of the global quantum computing market, focusing on key market segments, including [A] type of drug discovery service offered, [B] therapeutic area and [C] key geographical regions.
- Software Providers Market Landscape: A comprehensive evaluation of quantum computing software companies, considering various parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters, [D] business capabilities, [E] platform capabilities, [F] type of drug discovery service(s) offered, [G] type of molecule(s) supported, [H] compatible computational approaches, [I] end user(s) and [J] therapeutic area(s).
- Company Competitiveness Analysis: An insightful competitive analysis of quantum computing software companies, examining factors, such as [A] company strength, [B] portfolio strength and [C] portfolio diversity.
- Company Profiles: In-depth profiles of quantum computing software / hardware companies, focusing on [A] company overview, [B] financial information (if available), [C] service portfolio, and [E] recent developments and an informed future outlook.
- Software Providers Market Landscape: A comprehensive evaluation of quantum computing hardware companies, considering various parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters, [D] type of offering(s), [E] data storage on cloud and [F] compatible computational approaches.
- Grant Analysis: An in-depth analysis of over 170 academic grants focused on quantum computing in drug discovery across various relevant parameters, such as [A] year of grants awarded, [B] amount awarded, [C] support period, [D] type of study section, [E] administering institute center, [F] type of grant, [G] activity code, [H] funding mechanism and amount granted, [I] funding institute and support period, [J] prominent program officers, [K] location of recipient organizations, [L] popular recipient organizations, [M] organization type and [N] amount granted to popular recipient.
- Partnerships and Collaborations: A comprehensive analysis of various collaborations and partnerships that have been inked amongst stakeholders in this domain, based on [A] year of partnership, [B] type of partnership and [C] regional activity.
- Use Case Study: A detailed analysis of quantum computing use cases highlighting the applications of quantum computing across various industries, such as [A] chemical industry, [B] cybersecurity, [C] financial modeling, [D] space sciences, [E] oil and gas industry and [F] weather forecasting.
- Porter's Five Forces Analysis: An insightful analysis of the five competitive forces prevalent in quantum computing market supporting drug discovery, including threats for new entrants, bargaining power of buyers, bargaining power of suppliers, threats of substitute product and rivalry among existing competitors.
- Blue Ocean Strategy: A Strategic Guide for Start-Ups to Enter into Highly Competitive Market: A detailed analysis of the current and future market based on blue ocean strategy, covering a strategic plan / guide for emerging players in this industry to help unlock an uncontested market.
Key Questions Answered in this Report
- How many companies are currently engaged in this market?
- Which are the leading companies in this market?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
Reasons to Buy this Report
- The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
- Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
- The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
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