Global Quantum Computing Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

Superconducting Loops, Trapped Ion, and Topological Qubits.

By Component;

Hardware and Software.

By Deployment;

On-premise and Cloud.

By End User;

Aerospace and Defense, Government, IT and Telecom, and Transportation.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn574547593 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Quantum Computing Market (USD Million), 2021 - 2031

In the year 2024, the Global Quantum Computing Market was valued at USD 1,102.13 million. The size of this market is expected to increase to USD 7,066.03 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 30.4%.

Quantum computing, a revolutionary paradigm in information processing, has emerged as one of the most promising technologies of the 21st century. Unlike classical computers that rely on bits to represent data as either 0 or 1, quantum computers leverage quantum bits or qubits, which can exist in multiple states simultaneously due to the principles of superposition and entanglement. This allows quantum computers to perform complex calculations at unprecedented speeds, promising breakthroughs in various fields such as cryptography, drug discovery, optimization, and machine learning.

The global quantum computing market is witnessing rapid growth driven by increasing investments in research and development, collaborations between industry players and academic institutions, and the growing demand for advanced computing solutions. Governments, multinational corporations, and startups alike are actively pursuing quantum computing initiatives, recognizing its transformative potential across industries. As the race for quantum supremacy intensifies, stakeholders are focusing on overcoming key challenges such as qubit stability, error correction, and scalability to unlock the full capabilities of quantum computing and usher in a new era of innovation and discovery.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Component
    3. Market Snapshot, By Deployment
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Global Quantum Computing Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing R&D Investments

        2. Growing Demand for Security Solutions

        3. Potential for Exponential Speedup

      2. Restraints
        1. Technical Challenges

        2. Limited Qubit Scalability

        3. High Cost of Development

      3. Opportunities
        1. Industry Collaboration

        2. Advancements in Quantum Error Correction

        3. Emerging Quantum Applications

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Quantum Computing Market, By Technology, 2021 - 2031 (USD Million)
      1. Superconducting Loops
      2. Trapped Ion
      3. Topological Qubits
    2. Global Quantum Computing Market, By Component, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
    3. Global Quantum Computing Market, By Deployment, 2021 - 2031 (USD Million)
      1. On-premise
      2. Cloud
    4. Global Quantum Computing Market, By End User, 2021 - 2031 (USD Million)
      1. Aerospace and Defense
      2. Government
      3. IT and Telecom
      4. Transportation
    5. Global Quantum Computing Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Rigetti Computing
      2. Fujitsu
      3. Hitachi
      4. Toshiba
      5. Google
      6. Intel
      7. Quantinuum
      8. Huawei
      9. NEC
      10. Accenture
      11. Nippon Telegraph and Telephone
  7. Analyst Views
  8. Future Outlook of the Market