Quantum Computing Market - Global Industry Size, Share, Trends, Opportunities, and Forecast Segmented By Component, By Deployment, By Application, By End User, By Region & Competition, 2021-2031F

Description

The Global Quantum Computing Market is projected to experience substantial growth, expanding from USD 3.65 Billion in 2025 to USD 21.37 Billion by 2031, reflecting a compound annual growth rate of 34.25%. Leveraging the fundamental principles of quantum mechanics, such as superposition and entanglement, this technology performs complex calculations that surpass the limitations of classical supercomputers. The market's trajectory is primarily fueled by significant government investments focused on national security and scientific leadership, along with increasing demand for optimization solutions in the financial and pharmaceutical sectors. Reinforcing this commercial shift, the Quantum Economic Development Consortium reported that the global quantum computing segment generated $1.07 billion in revenue in 2024, indicating a steady transition from academic research to viable commercial applications.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 3.65 Billion
Market Size 2031	USD 21.37 Billion
CAGR 2026-2031	34.25%
Fastest Growing Segment	Cloud-based
Largest Market	North America

However, the industry encounters major hurdles regarding qubit stability and error correction. The issue of decoherence results in elevated error rates that currently undermine the reliability necessary for widespread enterprise adoption. Consequently, the engineering complexity associated with building fault-tolerant systems stands as a primary obstacle, hindering the rapid scalability of quantum processors and delaying broader market expansion.

Market Driver

Increasing strategic government investments in national quantum initiatives serve as the primary catalyst for the Global Quantum Computing Market, as nations compete to secure technological sovereignty. Public sectors are aggressively funding domestic ecosystems to mitigate the risks of developing fault-tolerant systems and to protect critical infrastructure against future cryptanalytic threats. This infusion of capital supports long-term hardware research that private equity cannot sustain alone, ensuring supply chains remain resilient during the extended development phase. For example, according to techUK in December 2025, the UK Research and Innovation agency allocated over £1 billion to support the sector through 2030, highlighting the essential role of state-backed funding in driving commercialization and stability.

Simultaneously, a surge in research and development funding from global technology giants and specialized startups is hastening the transition from experimental physics to utility-scale solutions. Private investors are increasingly financing the scaling of qubit modalities and the networking infrastructure necessary for distributed computing, a trend reflected in recent major fundraising events. For instance, Nu Quantum announced in December 2025 that it secured $60 million in a Series A round to advance its entanglement technology. While revenue generation is still in its early stages relative to investment, it is beginning to materialize; Rigetti Computing reported $2.3 million in revenue for the fourth quarter of 2024 in March 2025, demonstrating a gradual but definite shift toward revenue-generating commercial operations.

Market Challenge

The central obstacle impeding the Global Quantum Computing Market is the persistent technical challenge of ensuring error correction and qubit stability. Environmental noise triggers decoherence, causing qubits to lose their quantum state and leading to high error rates that compromise computational reliability. In industries such as finance and pharmaceuticals, where data precision is critical, this instability renders current processors unsuitable for large-scale commercial operations. As a result, the technology remains largely tethered to experimental research phases, preventing the mass deployment of quantum systems into standard enterprise IT infrastructures.

This absence of fault tolerance creates significant market friction, prompting potential buyers to delay investments in quantum hardware. Corporations remain hesitant to integrate systems that cannot yet demonstrate sustained, error-free performance for complex problem-solving, which limits the potential customer base. According to Quantum Industry Canada, 20% of industry respondents in 2024 cited the technology's lack of readiness as a leading barrier to adoption. This skepticism restricts revenue streams primarily to government-backed projects and proof-of-concept trials, thereby slowing the industry's ability to achieve the scalability and profitability necessary for broader market expansion.

Market Trends

The rapid growth of Quantum-as-a-Service (QaaS) cloud platforms is democratizing access to quantum capabilities and fundamentally reshaping enterprise procurement strategies. By transitioning from capital-intensive on-premise hardware to flexible cloud-based consumption models, organizations in the logistics and financial sectors can utilize quantum processing for optimization tasks without the high costs of infrastructure maintenance. This shift is driving revenue for cloud-native providers scaling their operations to meet commercial demand; for instance, IonQ reported in November 2024 that its third-quarter revenue reached $12.4 million, a 102% year-over-year increase driven by the accelerating adoption of its networked systems.

Simultaneously, the convergence of Artificial Intelligence with quantum computing is emerging as a transformative force, particularly in high-fidelity simulation and predictive modeling. This synergy enables the creation of Large Quantitative Models (LQMs) that use quantum mechanics to process complex datasets more efficiently than classical neural networks, unlocking new possibilities in material science and drug discovery. The high potential of this technological intersection is attracting significant venture capital, confirming the commercial viability of hybrid applications. As evidence of this confidence, SandboxAQ announced in December 2024 that it secured over $300 million to advance its AI and quantum simulation technologies.

Key Market Players

International Business Machines Corporation
D-Wave Systems Inc.
Amazon.com, Inc.
Rigetti Computing Inc.
Google LLC
Intel Corporation
Toshiba Corporation
Honeywell International Inc.
QC Ware Corporation
1QB Information Technologies, Inc.

Report Scope

In this report, the Global Quantum Computing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Quantum Computing Market, By Component

Hardware
Software
Services

Quantum Computing Market, By Deployment

On-premises
Cloud-based

Quantum Computing Market, By Application

Machine Learning
Optimization
Biomedical Simulations
Financial Services
Electronic Material Discovery
Others

Quantum Computing Market, By End User

Healthcare
BFSI
Automotive
Researchers
Energy & utilities
Chemical
Manufacturing
Others (Transportation, Logistics, etc.)

Quantum Computing Market, By Region

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Quantum Computing Market.

Available Customizations:

Global Quantum Computing Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Quantum Computing Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Component (Hardware, Software, Services)
- 5.2.2. By Deployment (On-premises, Cloud-based)
- 5.2.3. By Application (Machine Learning, Optimization, Biomedical Simulations, Financial Services, Electronic Material Discovery, Others)
- 5.2.4. By End User (Healthcare, BFSI, Automotive, Researchers, Energy & utilities, Chemical, Manufacturing, Others (Transportation, Logistics, etc.))
- 5.2.5. By Region
- 5.2.6. By Company (2025)
5.3. Market Map

6. North America Quantum Computing Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Deployment
- 6.2.3. By Application
- 6.2.4. By End User
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Quantum Computing Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Component
    - 6.3.1.2.2. By Deployment
    - 6.3.1.2.3. By Application
    - 6.3.1.2.4. By End User
- 6.3.2. Canada Quantum Computing Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Component
    - 6.3.2.2.2. By Deployment
    - 6.3.2.2.3. By Application
    - 6.3.2.2.4. By End User
- 6.3.3. Mexico Quantum Computing Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Component
    - 6.3.3.2.2. By Deployment
    - 6.3.3.2.3. By Application
    - 6.3.3.2.4. By End User

7. Europe Quantum Computing Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Deployment
- 7.2.3. By Application
- 7.2.4. By End User
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Quantum Computing Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Component
    - 7.3.1.2.2. By Deployment
    - 7.3.1.2.3. By Application
    - 7.3.1.2.4. By End User
- 7.3.2. France Quantum Computing Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Component
    - 7.3.2.2.2. By Deployment
    - 7.3.2.2.3. By Application
    - 7.3.2.2.4. By End User
- 7.3.3. United Kingdom Quantum Computing Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Component
    - 7.3.3.2.2. By Deployment
    - 7.3.3.2.3. By Application
    - 7.3.3.2.4. By End User
- 7.3.4. Italy Quantum Computing Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Component
    - 7.3.4.2.2. By Deployment
    - 7.3.4.2.3. By Application
    - 7.3.4.2.4. By End User
- 7.3.5. Spain Quantum Computing Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Component
    - 7.3.5.2.2. By Deployment
    - 7.3.5.2.3. By Application
    - 7.3.5.2.4. By End User

8. Asia Pacific Quantum Computing Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Deployment
- 8.2.3. By Application
- 8.2.4. By End User
- 8.2.5. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Quantum Computing Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Component
    - 8.3.1.2.2. By Deployment
    - 8.3.1.2.3. By Application
    - 8.3.1.2.4. By End User
- 8.3.2. India Quantum Computing Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Component
    - 8.3.2.2.2. By Deployment
    - 8.3.2.2.3. By Application
    - 8.3.2.2.4. By End User
- 8.3.3. Japan Quantum Computing Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Component
    - 8.3.3.2.2. By Deployment
    - 8.3.3.2.3. By Application
    - 8.3.3.2.4. By End User
- 8.3.4. South Korea Quantum Computing Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Component
    - 8.3.4.2.2. By Deployment
    - 8.3.4.2.3. By Application
    - 8.3.4.2.4. By End User
- 8.3.5. Australia Quantum Computing Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Component
    - 8.3.5.2.2. By Deployment
    - 8.3.5.2.3. By Application
    - 8.3.5.2.4. By End User

9. Middle East & Africa Quantum Computing Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Deployment
- 9.2.3. By Application
- 9.2.4. By End User
- 9.2.5. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Quantum Computing Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Component
    - 9.3.1.2.2. By Deployment
    - 9.3.1.2.3. By Application
    - 9.3.1.2.4. By End User
- 9.3.2. UAE Quantum Computing Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Component
    - 9.3.2.2.2. By Deployment
    - 9.3.2.2.3. By Application
    - 9.3.2.2.4. By End User
- 9.3.3. South Africa Quantum Computing Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Component
    - 9.3.3.2.2. By Deployment
    - 9.3.3.2.3. By Application
    - 9.3.3.2.4. By End User

10. South America Quantum Computing Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Deployment
- 10.2.3. By Application
- 10.2.4. By End User
- 10.2.5. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Quantum Computing Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Component
    - 10.3.1.2.2. By Deployment
    - 10.3.1.2.3. By Application
    - 10.3.1.2.4. By End User
- 10.3.2. Colombia Quantum Computing Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Component
    - 10.3.2.2.2. By Deployment
    - 10.3.2.2.3. By Application
    - 10.3.2.2.4. By End User
- 10.3.3. Argentina Quantum Computing Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Component
    - 10.3.3.2.2. By Deployment
    - 10.3.3.2.3. By Application
    - 10.3.3.2.4. By End User

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Quantum Computing Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. International Business Machines Corporation
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. D-Wave Systems Inc.
15.3. Amazon.com, Inc.
15.4. Rigetti Computing Inc.
15.5. Google LLC
15.6. Intel Corporation
15.7. Toshiba Corporation
15.8. Honeywell International Inc.
15.9. QC Ware Corporation
15.10. 1QB Information Technologies, Inc.