PUBLISHER: The Business Research Company | PRODUCT CODE: 1760235
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760235
A Quantum Processing Unit (QPU) is a specialized computing unit designed to perform quantum computations by utilizing the principles of quantum mechanics, such as superposition, entanglement, and quantum parallelism. These units enable the solution of complex problems at speeds far beyond what classical processors can achieve, making them particularly suitable for applications in cryptography, optimization, artificial intelligence, materials science, and financial modeling.
The main components in the quantum processing units market include hardware, software, and services. QPU hardware refers to the physical components needed to build and operate a quantum computer. Key technologies in this space include trapped ions, superconducting processors, photonic processors, and others, deployed via on-premises and cloud-based solutions. These technologies are applied across various sectors such as cryptography, optimization, machine learning, material science, and more, with end-users spanning banking, financial services, insurance (BFSI), healthcare, government, information technology and telecommunications, and other industries.
The quantum processing units market research report is one of a series of new reports from The Business Research Company that provides quantum processing units market statistics, including quantum processing units industry global market size, regional shares, competitors with a quantum processing units market share, detailed quantum processing units market segments, market trends and opportunities, and any further data you may need to thrive in the quantum processing units industry. This quantum processing units market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The quantum processing units market size has grown rapidly in recent years. It will grow from $0.42 billion in 2024 to $0.51 billion in 2025 at a compound annual growth rate (CAGR) of 19.5%. The growth during the historic period can be attributed to several factors, including academic research funding, early government initiatives, foundational advances in quantum mechanics, the rise of concerns around quantum-safe cryptography, and initial breakthroughs in superconducting qubit technology.
The quantum processing units market size is expected to see rapid growth in the next few years. It will grow to $1.02 billion in 2029 at a compound annual growth rate (CAGR) of 19.2%. The growth during the forecast period can be attributed to factors such as the expanding industrial applications of quantum computing, the growth of cloud-based quantum access, increasing investments from venture capital and corporations, the implementation of national quantum strategies, and the rising demand for high-performance computing alternatives. Key trends in the forecast period include the integration of hybrid quantum-classical computing, the rise of error-correction hardware, the commercialization of quantum-as-a-service (QaaS), the development of cross-platform quantum software, and the emergence of open-source quantum toolkits.
The growing demand for enhanced computational power is expected to drive the growth of the quantum processing unit (QPU) market. Computational power refers to a computer's ability to perform calculations and execute tasks efficiently, typically measured by processing speed and capacity. The increasing complexity of scientific research is fueling the need for greater computational power. Enhanced computational power improves quantum processing units by enabling faster operations and supporting larger qubit arrays, which allows them to address more complex problems and expand their scalability and application. For example, in April 2025, the European Commission plans to introduce a Cloud and AI Development Act aimed at tripling the European Union's data center capacity by 2032. Currently, 13 AI factories support Europe's supercomputing infrastructure, with an additional seven expected to be established by the end of 2025. As a result, the growing demand for enhanced computational power is driving the expansion of the quantum processing unit market.
Key players in the quantum processing unit market are focusing on creating innovative products, such as quantum computers, to solve problems that traditional systems cannot address efficiently. Quantum computers use quantum bits (qubits) instead of classical bits to process information. For example, in November 2022, International Business Machines Corporation (IBM), a US-based technology company, introduced the Osprey processor with 433 qubits. The Osprey processor was designed for improved scalability and reduced error rates, enabling it to handle more complex quantum computations than previous models. It also integrates into IBM's modular Quantum System Two architecture, setting the stage for future large-scale quantum computing systems.
In November 2024, IonQ, a US-based quantum computing company, acquired Qubitekk Inc. for an undisclosed amount. This acquisition enhances IonQ's quantum processing unit capabilities by incorporating Qubitekk's quantum networking technologies. This integration will support the development of scalable, distributed quantum systems, offering more powerful computing solutions. Qubitekk is a US-based company specializing in quantum networking and communication, which are critical for improving the performance and scalability of quantum computing systems.
Major players in the quantum processing units market are Google LLC, Microsoft Corporation, Alibaba Group, Intel Corporation, International Business Machines Corporation, Accenture plc, Honeywell Quantum Solutions, Toshiba Digital Solutions Corporation, NVIDIA Corporation, Quantum Circuits Inc. (QCI), IonQ Inc., Atos Quantum, Xanadu Quantum Technologies, Amazon Web Services Inc., D-Wave Quantum Inc., Quantum Brilliance, QuantWare, QuEra Computing Inc., Rigetti Computing Inc., Fujitsu Limited, Pasqal.
North America was the largest region in the quantum processing units market in 2024. The regions covered in quantum processing units report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the quantum processing units market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The quantum processing units market consists of revenues earned by entities by providing services such as quantum algorithm development, quantum cloud computing platforms, quantum hardware provisioning, and quantum consulting and integration services. The market value includes the value of related goods sold by the service provider or included within the service offering. The quantum processing unit market also includes sales of quantum processors, qubits, cryogenic systems, quantum control systems, and other hardware components required for the operation of quantum computers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Quantum Processing Units Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on quantum processing units market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for quantum processing units ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The quantum processing units market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.