The global market for Quantum Computing was valued at US$1.4 Billion in 2024 and is projected to reach US$6.8 Billion by 2030, growing at a CAGR of 30.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Quantum Computing market.
The quantum computing landscape is undergoing a transformative shift, moving away from the erstwhile competition over qubit records to focus more on practical applications and the realization of long-term objectives. Significant advancements in quantum hardware and algorithms have accelerated the development and deployment of quantum computing technologies. Companies like IBM, Google, and Rigetti are at the forefront, developing increasingly sophisticated quantum processors and exploring new quantum algorithms. Beyond hardware, advancements in quantum software and error correction techniques are critical, as quantum systems are highly susceptible to noise and decoherence. Efforts are also being made to develop quantum cloud computing platforms, enabling broader access to quantum computing resources for research and commercial applications.
The growth in the quantum computing market is driven by several factors. Advances in quantum hardware, such as the development of more stable and scalable qubits, are making quantum computers more practical and powerful. The increasing investment from both private and public sectors is fueling research and development efforts, with significant funding flowing into startups and established tech companies alike. The growing need for enhanced computational power in industries such as pharmaceuticals, finance, and logistics is pushing demand for quantum solutions that can address complex optimization and simulation problems. Additionally, the rise of quantum cloud services is making quantum computing more accessible to businesses and researchers who lack the resources to develop their own quantum systems. Collaboration between academia, industry, and government agencies is also playing a crucial role in advancing the technology and its applications. Finally, the anticipation of breakthroughs in quantum cryptography and the potential for unbreakable encryption are spurring interest and investment in the quantum computing sector.
Segments: Offering (System, and Services); Deployment (On-Premises, and Cloud); Application (Optimization, Simulation, Machine Learning, and Other Applications); End-Use (BFSI, Healthcare, Automotive, Energy & Power, Government, Other End-Uses) .
Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
Global Quantum Computing Market - Key Trends & Drivers Summarized
Quantum computing represents a paradigm shift in computational technology, leveraging the principles of quantum mechanics to process information in fundamentally different ways from classical computers. Unlike classical bits, which represent data as either 0 or 1, quantum bits or qubits can exist simultaneously in multiple states thanks to superposition. This ability, combined with entanglement - where qubits become interconnected and the state of one instantaneously influences the state of another - allows quantum computers to perform complex calculations at unprecedented speeds. Quantum computing has the potential to revolutionize fields such as cryptography, material science, drug discovery, and complex system optimization by solving problems that are currently intractable for classical computers.The quantum computing landscape is undergoing a transformative shift, moving away from the erstwhile competition over qubit records to focus more on practical applications and the realization of long-term objectives. Significant advancements in quantum hardware and algorithms have accelerated the development and deployment of quantum computing technologies. Companies like IBM, Google, and Rigetti are at the forefront, developing increasingly sophisticated quantum processors and exploring new quantum algorithms. Beyond hardware, advancements in quantum software and error correction techniques are critical, as quantum systems are highly susceptible to noise and decoherence. Efforts are also being made to develop quantum cloud computing platforms, enabling broader access to quantum computing resources for research and commercial applications.
The growth in the quantum computing market is driven by several factors. Advances in quantum hardware, such as the development of more stable and scalable qubits, are making quantum computers more practical and powerful. The increasing investment from both private and public sectors is fueling research and development efforts, with significant funding flowing into startups and established tech companies alike. The growing need for enhanced computational power in industries such as pharmaceuticals, finance, and logistics is pushing demand for quantum solutions that can address complex optimization and simulation problems. Additionally, the rise of quantum cloud services is making quantum computing more accessible to businesses and researchers who lack the resources to develop their own quantum systems. Collaboration between academia, industry, and government agencies is also playing a crucial role in advancing the technology and its applications. Finally, the anticipation of breakthroughs in quantum cryptography and the potential for unbreakable encryption are spurring interest and investment in the quantum computing sector.
Report Scope
The report analyzes the Quantum Computing market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.Segments: Offering (System, and Services); Deployment (On-Premises, and Cloud); Application (Optimization, Simulation, Machine Learning, and Other Applications); End-Use (BFSI, Healthcare, Automotive, Energy & Power, Government, Other End-Uses) .
Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the On-Premises segment, which is expected to reach US$2.2 Billion by 2030 with a CAGR of a 23.3%. The Cloud segment is also set to grow at 35.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $351.5 Million in 2024, and China, forecasted to grow at an impressive 36.1% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Quantum Computing Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Quantum Computing Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Quantum Computing Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as 1QB Information Technologies Inc., Accenture, Anyon Systems Inc., Atom Computing, Inc., D-Wave Systems Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 118 companies featured in this Quantum Computing market report include:
- 1QB Information Technologies Inc.
- Accenture
- Anyon Systems Inc.
- Atom Computing, Inc.
- D-Wave Systems Inc.
- evolutionQ Inc.
- Fraunhofer Institute for Applied Solid State Physics IAF
- Fujitsu Limited
- Google Inc.
- Hewlett Packard Enterprise Company
- Hitachi Ltd
- ID Quantique SA
- Intel Corporation
- International Business Machines Corporation
- IonQ, Inc.
- Magiq Technologies, Inc.
- Microsoft Corporation
- Nippon Telegraph and Telephone Corporation
- Northrop Grumman Systems Corporation
- QC Ware Corp.
- Quantum Circuits, Inc.
- Qubitekk, Inc.
- QuintessenceLabs Pty Ltd
- Rigetti Computing, Inc.
- Riverlane Ltd.
- Toshiba Corporation
- Xanadu Quantum Technologies Inc.
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What’s Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSEXECUTIVE/INFLUENCER INSIGHTS & CITATIONSIII. MARKET ANALYSISCANADAJAPANCHINAFRANCEGERMANYITALYUNITED KINGDOMREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
EUROPE
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 1QB Information Technologies Inc.
- Accenture
- Anyon Systems Inc.
- Atom Computing, Inc.
- D-Wave Systems Inc.
- evolutionQ Inc.
- Fraunhofer Institute for Applied Solid State Physics IAF
- Fujitsu Limited
- Google Inc.
- Hewlett Packard Enterprise Company
- Hitachi Ltd
- ID Quantique SA
- Intel Corporation
- International Business Machines Corporation
- IonQ, Inc.
- Magiq Technologies, Inc.
- Microsoft Corporation
- Nippon Telegraph and Telephone Corporation
- Northrop Grumman Systems Corporation
- QC Ware Corp.
- Quantum Circuits, Inc.
- Qubitekk, Inc.
- QuintessenceLabs Pty Ltd
- Rigetti Computing, Inc.
- Riverlane Ltd.
- Toshiba Corporation
- Xanadu Quantum Technologies Inc.
