Quantum Computing Market
Quantum Computing Market Forecasts to 2032 - Global Analysis By Component (Hardware, Software and Services), Deployment Mode, Technology, Application, End User and By Geography
|
Years Covered |
2024-2032 |
|
Estimated Year Value (2025) |
US $1.5 BN |
|
Projected Year Value (2032) |
US $10.4 BN |
|
CAGR (2025-2032) |
31.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Quantum Computing Market is accounted for $1.5 billion in 2025 and is expected to reach $10.4 billion by 2032 growing at a CAGR of 31.5% during the forecast period. Quantum computing is a revolutionary form of computation that leverages the principles of quantum mechanics to process information. Unlike classical computers that use bits (0 or 1), quantum computers use quantum bits or qubits, which can exist in multiple states simultaneously due to superposition. Qubits can also be entangled, allowing complex correlations that enable powerful parallel computations. This allows quantum computers to solve certain problems—like factoring large numbers or simulating molecules—exponentially faster than traditional systems. Though still in development, quantum computing holds immense potential in fields such as cryptography, material science, and artificial intelligence, offering transformative capabilities beyond classical limits.
According to an analyst survey, there could be a demand for around 10,000 quantum skilled workers and a supply of fewer than 5,000 by 2025.
Market Dynamics:
Driver:
Rising Demand for High-Performance Computing
The surging demand for high-performance computing (HPC) is significantly propelling growth in the quantum computing market. HPC’s limitations in handling complex simulations and massive data volumes are accelerating investment in quantum technologies. This shift is driving innovation in quantum processors, enhancing capabilities for industries like pharmaceuticals, cybersecurity, and climate modeling. Increased funding and collaborations between academia and industry are further catalyzing quantum advancement, positioning it as a strategic frontier for next-generation computational power.
Restraint:
High Cost of Development
The high cost of quantum computing development presents a significant barrier to market growth. Building and maintaining quantum systems requires substantial financial investment in specialized hardware, research, and skilled talent. This restricts entry to only a few well-funded players, slowing innovation and competition. Smaller enterprises struggle to participate, delaying diverse application development and market expansion. Consequently, commercialization becomes uneven, hindering widespread adoption and limiting the technology’s transformative potential.
Opportunity:
Advancements in Quantum Hardware and Algorithms
Breakthroughs in quantum hardware and algorithms are unlocking new dimensions in computational speed, scalability, and accuracy—fueling rapid growth in the quantum computing market. Enhanced qubit stability, error correction, and quantum supremacy benchmarks are attracting significant investments across industries. Algorithmic advancements are broadening use cases in optimization, machine learning, and cryptography, while hardware innovations enable more reliable quantum systems. Together, they’re accelerating commercialization, inspiring collaboration across academia, tech, and enterprise sectors.
Threat:
Technical Challenges and Fragility of Qubits
The quantum computing market faces substantial setbacks due to technical challenges and the fragile nature of qubits. Their susceptibility to environmental interference leads to frequent computational errors and limits scalability. Maintaining qubit coherence demands complex infrastructure, raising operational costs and slowing practical deployment. These limitations hinder the commercialization of quantum systems, delay innovation, and restrain investor confidence, ultimately impeding the widespread adoption and growth of quantum technologies across industries.
Covid-19 Impact
The COVID-19 pandemic had a dual impact on the quantum computing market. While hardware development faced delays due to global supply chain disruptions, the crisis accelerated demand for quantum solutions in drug discovery, molecular modeling, and logistics. Companies offered cloud-based quantum access for pandemic-related research, boosting awareness and adoption. This shift emphasized quantum computing’s strategic value, prompting increased investments and positioning it as a resilient technology for future global challenges.
The trapped ions segment is expected to be the largest during the forecast period
The trapped ions segment is expected to account for the largest market share during the forecast period as their precise control enables scalable architectures and parallel processing, accelerating algorithm execution and reducing error rates. Innovations like the “enchilada trap” and microwave-driven gates enhance performance while lowering power dissipation. These advancements position trapped ions as a cornerstone for building fault-tolerant quantum systems, driving commercial viability and attracting investments across sectors like cryptography, simulation, and optimization.
The cryptography segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the cryptography segment is predicted to witness the highest growth rate, because quantum systems threaten classical encryption, industries are investing in post-quantum cryptography and Quantum Key Distribution (QKD) to safeguard data. This urgency accelerates innovation, funding, and collaboration across cybersecurity, finance, and defense sectors. The cryptography segment not only enhances quantum computing’s relevance but also positions it as a critical enabler of next-generation security infrastructure, fostering long-term market expansion.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to strong government support, increasing research investments, and a growing tech-savvy population. Countries like China, Japan, and India are heavily investing in quantum technologies for applications in cybersecurity, healthcare, and finance. Collaborations between academic institutions and tech companies are fostering innovation, while the rising demand for high-performance computing solutions fuels market growth. This momentum is positioning Asia Pacific as a global hub for quantum computing development.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to robust investments from tech giants, government initiatives, and a thriving startup ecosystem. The region’s advanced research infrastructure and collaboration between academia and industry are accelerating innovation. Applications across sectors like healthcare, finance, and cybersecurity are expanding, enabling faster data processing and enhanced problem-solving capabilities. This transformative technology is fostering competitive advantage and positioning North America as a leader in quantum innovation and commercialization.
Key players in the market
Some of the key players profiled in the Quantum Computing Market include IBM, Google (Alphabet Inc.), Microsoft, Intel Corporation, D-Wave Systems, Rigetti Computing, IonQ, Honeywell Quantum Solutions, Alibaba Group, Baidu Inc., Zapata Computing, Xanadu, QC Ware, PsiQuantum, Fujitsu, Toshiba, Quantinuum, Atos and Quantum Circuits Inc.
Key Developments:
In January 2025, Microsoft and OpenAI reaffirmed their strategic alliance—first forged in 2019—extending through 2030 and underpinned by mutual exclusivity and shared benefits. Microsoft retains exclusive access to OpenAI’s intellectual property for integration into its flagship tools like Copilot, while OpenAI’s API remains exclusively available via Azure and the Azure OpenAI Service.
In September 2024, Intel Corp. and Amazon Web Services (AWS) recently deepened their multi?year, multi?billion?dollar strategic collaboration. the collaboration brings together Intel's leading-edge chip fabrication strengths with AWS’s cloud infrastructure leadership, aiming to drive innovation across AI applications, reduce costs, and support critical U.S. semiconductor manufacturing initiatives—all reinforcing each company’s ecosystem and strategic long-term growth.
Components Covered:
• Hardware
• Software
• Services
Deployment Modes Covered:
• On-Premises
• Cloud-Based
Technologies Covered:
• Superconducting Qubits
• Photonic Quantum Computing
• Trapped Ions
• Topological Qubits
• Quantum Annealing
Applications Covered:
• Simulation
• Quantum Chemistry
• Optimization
• Cryptography
• Machine Learning
• Other Applications
End Users Covered:
• Healthcare & Pharmaceuticals
• Banking, Financial Services and Insurance (BFSI)
• Transportation & Logistics
• IT & Telecom
• Aerospace & Defense
• Chemicals
• Energy & Power
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Quantum Computing Market, By Component
5.1 Introduction
5.2 Hardware
5.3 Software
5.4 Services
6 Global Quantum Computing Market, By Deployment Mode
6.1 Introduction
6.2 On-Premises
6.3 Cloud-Based
7 Global Quantum Computing Market, By Technology
7.1 Introduction
7.2 Superconducting Qubits
7.3 Photonic Quantum Computing
7.4 Trapped Ions
7.5 Topological Qubits
7.6 Quantum Annealing
8 Global Quantum Computing Market, By Application
8.1 Introduction
8.2 Simulation
8.3 Quantum Chemistry
8.4 Optimization
8.5 Cryptography
8.6 Machine Learning
8.7 Other Applications
9 Global Quantum Computing Market, By End User
9.1 Introduction
9.2 Healthcare & Pharmaceuticals
9.3 Banking, Financial Services and Insurance (BFSI)
9.4 Transportation & Logistics
9.5 IT & Telecom
9.6 Aerospace & Defense
9.7 Chemicals
9.8 Energy & Power
9.9 Other End Users
10 Global Quantum Computing Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 IBM
12.2 Google (Alphabet Inc.)
12.3 Microsoft
12.4 Intel Corporation
12.5 D-Wave Systems
12.6 Rigetti Computing
12.7 IonQ
12.8 Honeywell Quantum Solutions
12.9 Alibaba Group
12.10 Baidu Inc.
12.11 Zapata Computing
12.12 Xanadu
12.13 QC Ware
12.14 PsiQuantum
12.15 Fujitsu
12.16 Toshiba
12.17 Quantinuum
12.18 Atos
12.19 Quantum Circuits Inc.
List of Tables
1 Global Quantum Computing Market Outlook, By Region (2024-2032) ($MN)
2 Global Quantum Computing Market Outlook, By Component (2024-2032) ($MN)
3 Global Quantum Computing Market Outlook, By Hardware (2024-2032) ($MN)
4 Global Quantum Computing Market Outlook, By Software (2024-2032) ($MN)
5 Global Quantum Computing Market Outlook, By Services (2024-2032) ($MN)
6 Global Quantum Computing Market Outlook, By Deployment Mode (2024-2032) ($MN)
7 Global Quantum Computing Market Outlook, By On-Premises (2024-2032) ($MN)
8 Global Quantum Computing Market Outlook, By Cloud-Based (2024-2032) ($MN)
9 Global Quantum Computing Market Outlook, By Technology (2024-2032) ($MN)
10 Global Quantum Computing Market Outlook, By Superconducting Qubits (2024-2032) ($MN)
11 Global Quantum Computing Market Outlook, By Photonic Quantum Computing (2024-2032) ($MN)
12 Global Quantum Computing Market Outlook, By Trapped Ions (2024-2032) ($MN)
13 Global Quantum Computing Market Outlook, By Topological Qubits (2024-2032) ($MN)
14 Global Quantum Computing Market Outlook, By Quantum Annealing (2024-2032) ($MN)
15 Global Quantum Computing Market Outlook, By Application (2024-2032) ($MN)
16 Global Quantum Computing Market Outlook, By Simulation (2024-2032) ($MN)
17 Global Quantum Computing Market Outlook, By Quantum Chemistry (2024-2032) ($MN)
18 Global Quantum Computing Market Outlook, By Optimization (2024-2032) ($MN)
19 Global Quantum Computing Market Outlook, By Cryptography (2024-2032) ($MN)
20 Global Quantum Computing Market Outlook, By Machine Learning (2024-2032) ($MN)
21 Global Quantum Computing Market Outlook, By Other Applications (2024-2032) ($MN)
22 Global Quantum Computing Market Outlook, By End User (2024-2032) ($MN)
23 Global Quantum Computing Market Outlook, By Healthcare & Pharmaceuticals (2024-2032) ($MN)
24 Global Quantum Computing Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2024-2032) ($MN)
25 Global Quantum Computing Market Outlook, By Transportation & Logistics (2024-2032) ($MN)
26 Global Quantum Computing Market Outlook, By IT & Telecom (2024-2032) ($MN)
27 Global Quantum Computing Market Outlook, By Aerospace & Defense (2024-2032) ($MN)
28 Global Quantum Computing Market Outlook, By Chemicals (2024-2032) ($MN)
29 Global Quantum Computing Market Outlook, By Energy & Power (2024-2032) ($MN)
30 Global Quantum Computing Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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