Europe Quantum Computing Market Size, Share & Trends Analysis Report By Offering (System, and Services), By Deployment, By Application, By End-user, By Country and Growth Forecast, 2024

List of Tables

The Europe Quantum Computing Market would witness market growth of 18.7% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Quantum Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $335.2 million by 2031. The UK market is exhibiting a CAGR of 17.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 19.6% during (2024 - 2031).

Quantum computing has the potential to vastly improve the efficiency of optimization algorithms. Industries such as logistics, manufacturing, and finance rely heavily on optimization-whether routing delivery trucks, managing supply chains, or portfolio optimization. Quantum computers can process many possible solutions simultaneously, making them highly effective for solving complex optimization problems in real-time. For instance, quantum algorithms can help companies optimize their cost, speed, and resource allocation operations.

Moreover, one of the most exciting prospects for quantum computing is its application in drug discovery and healthcare. Quantum simulations could model complex molecules and chemical reactions at the quantum level, allowing scientists to predict the behavior of new drugs and design more effective treatments. Quantum computing can significantly accelerate the drug discovery process, which traditionally takes years and involves expensive trial-and-error methods. Additionally, quantum algorithms could be used to analyze complex biological data, improving diagnostics, personalized medicine, and treatment plans.

Europe is positioning itself as a global leader in quantum computing, with ambitious goals outlined in its Digital Decade strategy. The European Union (EU) has set its sights on becoming a dominant force in quantum technologies by 2030, reflecting a growing recognition of quantum computing's potential to drive advancements in data security, infrastructure, and innovation across various industries. As part of this vision, the EU invests heavily in developing quantum capabilities, fostering collaborations, and laying the groundwork for a robust quantum ecosystem.

Based on Offering, the market is segmented into System, and Services. Based on Deployment, the market is segmented into On-premise, and Cloud. Based on Application, the market is segmented into Optimization, Machine Learning, Simulation, and Other Application. Based on End-user, the market is segmented into BFSI, Healthcare, Automotive, Energy & Power, Government, Aerospace & Defense, Chemical, and Other End-user. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

Google LLC (Alphabet Inc.)
Microsoft Corporation
IBM Corporation
Amazon Web Services, Inc. (Amazon.com, Inc.)
QC Ware Corp.
SpinQ Technology Co., Ltd.
Rigetti Computing, Inc.
D-Wave Systems Inc.
Intel Corporation
Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)

Europe Quantum Computing Market Report Segmentation

By Offering

System
Services

By Deployment

On-premise
Cloud

By Application

Optimization
Machine Learning
Simulation
Other Application

By End-user

BFSI
Healthcare
Automotive
Energy & Power
Government
Aerospace & Defense
Chemical
Other End-user

By Country

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Europe Quantum Computing Market, by Offering
- 1.4.2 Europe Quantum Computing Market, by Deployment
- 1.4.3 Europe Quantum Computing Market, by Application
- 1.4.4 Europe Quantum Computing Market, by End-user
- 1.4.5 Europe Quantum Computing Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global

4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Jan - 2025, Feb) Leading Players
4.5 Porter's Five Forces Analysis

Chapter 5. Europe Quantum Computing Market by Offering

5.1 Europe System Market by Country
5.2 Europe Services Market by Country

Chapter 6. Europe Quantum Computing Market by Deployment

6.1 Europe On-premise Market by Country
6.2 Europe Cloud Market by Country

Chapter 7. Europe Quantum Computing Market by Application

7.1 Europe Optimization Market by Country
7.2 Europe Machine Learning Market by Country
7.3 Europe Simulation Market by Country
7.4 Europe Other Application Market by Country

Chapter 8. Europe Quantum Computing Market by End-user

8.1 Europe BFSI Market by Country
8.2 Europe Healthcare Market by Country
8.3 Europe Automotive Market by Country
8.4 Europe Energy & Power Market by Country
8.5 Europe Government Market by Country
8.6 Europe Aerospace & Defense Market by Country
8.7 Europe Chemical Market by Country
8.8 Europe Other End-user Market by Country

Chapter 9. Europe Quantum Computing Market by Country

9.1 Germany Quantum Computing Market
- 9.1.1 Germany Quantum Computing Market by Offering
- 9.1.2 Germany Quantum Computing Market by Deployment
- 9.1.3 Germany Quantum Computing Market by Application
- 9.1.4 Germany Quantum Computing Market by End-user
9.2 UK Quantum Computing Market
- 9.2.1 UK Quantum Computing Market by Offering
- 9.2.2 UK Quantum Computing Market by Deployment
- 9.2.3 UK Quantum Computing Market by Application
- 9.2.4 UK Quantum Computing Market by End-user
9.3 France Quantum Computing Market
- 9.3.1 France Quantum Computing Market by Offering
- 9.3.2 France Quantum Computing Market by Deployment
- 9.3.3 France Quantum Computing Market by Application
- 9.3.4 France Quantum Computing Market by End-user
9.4 Russia Quantum Computing Market
- 9.4.1 Russia Quantum Computing Market by Offering
- 9.4.2 Russia Quantum Computing Market by Deployment
- 9.4.3 Russia Quantum Computing Market by Application
- 9.4.4 Russia Quantum Computing Market by End-user
9.5 Spain Quantum Computing Market
- 9.5.1 Spain Quantum Computing Market by Offering
- 9.5.2 Spain Quantum Computing Market by Deployment
- 9.5.3 Spain Quantum Computing Market by Application
- 9.5.4 Spain Quantum Computing Market by End-user
9.6 Italy Quantum Computing Market
- 9.6.1 Italy Quantum Computing Market by Offering
- 9.6.2 Italy Quantum Computing Market by Deployment
- 9.6.3 Italy Quantum Computing Market by Application
- 9.6.4 Italy Quantum Computing Market by End-user
9.7 Rest of Europe Quantum Computing Market
- 9.7.1 Rest of Europe Quantum Computing Market by Offering
- 9.7.2 Rest of Europe Quantum Computing Market by Deployment
- 9.7.3 Rest of Europe Quantum Computing Market by Application
- 9.7.4 Rest of Europe Quantum Computing Market by End-user

Chapter 10. Company Profiles

10.1 Google LLC (Alphabet Inc.)
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expenses
- 10.1.5 Recent strategies and developments:
  - 10.1.5.1 Partnerships, Collaborations, and Agreements:
  - 10.1.5.2 Product Launches and Product Expansions:
- 10.1.6 SWOT Analysis
10.2 Microsoft Corporation
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 Recent strategies and developments:
  - 10.2.5.1 Partnerships, Collaborations, and Agreements:
- 10.2.6 SWOT Analysis
10.3 IBM Corporation
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Regional & Segmental Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
  - 10.3.5.1 Partnerships, Collaborations, and Agreements:
  - 10.3.5.2 Geographical Expansions:
- 10.3.6 SWOT Analysis
10.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental Analysis
- 10.4.4 Recent strategies and developments:
  - 10.4.4.1 Geographical Expansions:
- 10.4.5 SWOT Analysis
10.5 QC Ware Corp.
- 10.5.1 Company Overview
- 10.5.2 Recent strategies and developments:
  - 10.5.2.1 Partnerships, Collaborations, and Agreements:
  - 10.5.2.2 Product Launches and Product Expansions:
10.6 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.6.5 Recent strategies and developments:
  - 10.6.5.1 Product Launches and Product Expansions:
- 10.6.6 SWOT Analysis
10.7 Rigetti Computing, Inc.
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Regional Analysis
- 10.7.4 Research & Development Expenses
10.8 SpinQ Technology Co., Ltd.
- 10.8.1 Company Overview
- 10.8.2 Recent strategies and developments:
  - 10.8.2.1 Partnerships, Collaborations, and Agreements:
  - 10.8.2.2 Product Launches and Product Expansions:
10.9 D-Wave Systems Inc.
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Regional Analysis
- 10.9.4 Research & Development Expenses
- 10.9.5 Recent strategies and developments:
  - 10.9.5.1 Partnerships, Collaborations, and Agreements:
10.10. Intel Corporation
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expenses
- 10.10.5 Recent strategies and developments:
  - 10.10.5.1 Partnerships, Collaborations, and Agreements:
  - 10.10.5.2 Product Launches and Product Expansions:
- 10.10.6 SWOT Analysis

LIST OF TABLES

TABLE 1 Europe Quantum Computing Market, 2020 - 2023, USD Million
TABLE 2 Europe Quantum Computing Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements- Quantum Computing Market
TABLE 4 Product Launches And Product Expansions- Quantum Computing Market
TABLE 5 Acquisition and Mergers- Quantum Computing Market
TABLE 6 Europe Quantum Computing Market by Offering, 2020 - 2023, USD Million
TABLE 7 Europe Quantum Computing Market by Offering, 2024 - 2031, USD Million
TABLE 8 Europe System Market by Country, 2020 - 2023, USD Million
TABLE 9 Europe System Market by Country, 2024 - 2031, USD Million
TABLE 10 Europe Services Market by Country, 2020 - 2023, USD Million
TABLE 11 Europe Services Market by Country, 2024 - 2031, USD Million
TABLE 12 Europe Quantum Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 13 Europe Quantum Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 14 Europe On-premise Market by Country, 2020 - 2023, USD Million
TABLE 15 Europe On-premise Market by Country, 2024 - 2031, USD Million
TABLE 16 Europe Cloud Market by Country, 2020 - 2023, USD Million
TABLE 17 Europe Cloud Market by Country, 2024 - 2031, USD Million
TABLE 18 Europe Quantum Computing Market by Application, 2020 - 2023, USD Million
TABLE 19 Europe Quantum Computing Market by Application, 2024 - 2031, USD Million
TABLE 20 Europe Optimization Market by Country, 2020 - 2023, USD Million
TABLE 21 Europe Optimization Market by Country, 2024 - 2031, USD Million
TABLE 22 Europe Machine Learning Market by Country, 2020 - 2023, USD Million
TABLE 23 Europe Machine Learning Market by Country, 2024 - 2031, USD Million
TABLE 24 Europe Simulation Market by Country, 2020 - 2023, USD Million
TABLE 25 Europe Simulation Market by Country, 2024 - 2031, USD Million
TABLE 26 Europe Other Application Market by Country, 2020 - 2023, USD Million
TABLE 27 Europe Other Application Market by Country, 2024 - 2031, USD Million
TABLE 28 Europe Quantum Computing Market by End-user, 2020 - 2023, USD Million
TABLE 29 Europe Quantum Computing Market by End-user, 2024 - 2031, USD Million
TABLE 30 Europe BFSI Market by Country, 2020 - 2023, USD Million
TABLE 31 Europe BFSI Market by Country, 2024 - 2031, USD Million
TABLE 32 Europe Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 33 Europe Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 34 Europe Automotive Market by Country, 2020 - 2023, USD Million
TABLE 35 Europe Automotive Market by Country, 2024 - 2031, USD Million
TABLE 36 Europe Energy & Power Market by Country, 2020 - 2023, USD Million
TABLE 37 Europe Energy & Power Market by Country, 2024 - 2031, USD Million
TABLE 38 Europe Government Market by Country, 2020 - 2023, USD Million
TABLE 39 Europe Government Market by Country, 2024 - 2031, USD Million
TABLE 40 Europe Aerospace & Defense Market by Country, 2020 - 2023, USD Million
TABLE 41 Europe Aerospace & Defense Market by Country, 2024 - 2031, USD Million
TABLE 42 Europe Chemical Market by Country, 2020 - 2023, USD Million
TABLE 43 Europe Chemical Market by Country, 2024 - 2031, USD Million
TABLE 44 Europe Other End-user Market by Country, 2020 - 2023, USD Million
TABLE 45 Europe Other End-user Market by Country, 2024 - 2031, USD Million
TABLE 46 Europe Quantum Computing Market by Country, 2020 - 2023, USD Million
TABLE 47 Europe Quantum Computing Market by Country, 2024 - 2031, USD Million
TABLE 48 Germany Quantum Computing Market, 2020 - 2023, USD Million
TABLE 49 Germany Quantum Computing Market, 2024 - 2031, USD Million
TABLE 50 Germany Quantum Computing Market by Offering, 2020 - 2023, USD Million
TABLE 51 Germany Quantum Computing Market by Offering, 2024 - 2031, USD Million
TABLE 52 Germany Quantum Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 53 Germany Quantum Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 54 Germany Quantum Computing Market by Application, 2020 - 2023, USD Million
TABLE 55 Germany Quantum Computing Market by Application, 2024 - 2031, USD Million
TABLE 56 Germany Quantum Computing Market by End-user, 2020 - 2023, USD Million
TABLE 57 Germany Quantum Computing Market by End-user, 2024 - 2031, USD Million
TABLE 58 UK Quantum Computing Market, 2020 - 2023, USD Million
TABLE 59 UK Quantum Computing Market, 2024 - 2031, USD Million
TABLE 60 UK Quantum Computing Market by Offering, 2020 - 2023, USD Million
TABLE 61 UK Quantum Computing Market by Offering, 2024 - 2031, USD Million
TABLE 62 UK Quantum Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 63 UK Quantum Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 64 UK Quantum Computing Market by Application, 2020 - 2023, USD Million
TABLE 65 UK Quantum Computing Market by Application, 2024 - 2031, USD Million
TABLE 66 UK Quantum Computing Market by End-user, 2020 - 2023, USD Million
TABLE 67 UK Quantum Computing Market by End-user, 2024 - 2031, USD Million
TABLE 68 France Quantum Computing Market, 2020 - 2023, USD Million
TABLE 69 France Quantum Computing Market, 2024 - 2031, USD Million
TABLE 70 France Quantum Computing Market by Offering, 2020 - 2023, USD Million
TABLE 71 France Quantum Computing Market by Offering, 2024 - 2031, USD Million
TABLE 72 France Quantum Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 73 France Quantum Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 74 France Quantum Computing Market by Application, 2020 - 2023, USD Million
TABLE 75 France Quantum Computing Market by Application, 2024 - 2031, USD Million
TABLE 76 France Quantum Computing Market by End-user, 2020 - 2023, USD Million
TABLE 77 France Quantum Computing Market by End-user, 2024 - 2031, USD Million
TABLE 78 Russia Quantum Computing Market, 2020 - 2023, USD Million
TABLE 79 Russia Quantum Computing Market, 2024 - 2031, USD Million
TABLE 80 Russia Quantum Computing Market by Offering, 2020 - 2023, USD Million
TABLE 81 Russia Quantum Computing Market by Offering, 2024 - 2031, USD Million
TABLE 82 Russia Quantum Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 83 Russia Quantum Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 84 Russia Quantum Computing Market by Application, 2020 - 2023, USD Million
TABLE 85 Russia Quantum Computing Market by Application, 2024 - 2031, USD Million
TABLE 86 Russia Quantum Computing Market by End-user, 2020 - 2023, USD Million
TABLE 87 Russia Quantum Computing Market by End-user, 2024 - 2031, USD Million
TABLE 88 Spain Quantum Computing Market, 2020 - 2023, USD Million
TABLE 89 Spain Quantum Computing Market, 2024 - 2031, USD Million
TABLE 90 Spain Quantum Computing Market by Offering, 2020 - 2023, USD Million
TABLE 91 Spain Quantum Computing Market by Offering, 2024 - 2031, USD Million
TABLE 92 Spain Quantum Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 93 Spain Quantum Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 94 Spain Quantum Computing Market by Application, 2020 - 2023, USD Million
TABLE 95 Spain Quantum Computing Market by Application, 2024 - 2031, USD Million
TABLE 96 Spain Quantum Computing Market by End-user, 2020 - 2023, USD Million
TABLE 97 Spain Quantum Computing Market by End-user, 2024 - 2031, USD Million
TABLE 98 Italy Quantum Computing Market, 2020 - 2023, USD Million
TABLE 99 Italy Quantum Computing Market, 2024 - 2031, USD Million
TABLE 100 Italy Quantum Computing Market by Offering, 2020 - 2023, USD Million
TABLE 101 Italy Quantum Computing Market by Offering, 2024 - 2031, USD Million
TABLE 102 Italy Quantum Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 103 Italy Quantum Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 104 Italy Quantum Computing Market by Application, 2020 - 2023, USD Million
TABLE 105 Italy Quantum Computing Market by Application, 2024 - 2031, USD Million
TABLE 106 Italy Quantum Computing Market by End-user, 2020 - 2023, USD Million
TABLE 107 Italy Quantum Computing Market by End-user, 2024 - 2031, USD Million
TABLE 108 Rest of Europe Quantum Computing Market, 2020 - 2023, USD Million
TABLE 109 Rest of Europe Quantum Computing Market, 2024 - 2031, USD Million
TABLE 110 Rest of Europe Quantum Computing Market by Offering, 2020 - 2023, USD Million
TABLE 111 Rest of Europe Quantum Computing Market by Offering, 2024 - 2031, USD Million
TABLE 112 Rest of Europe Quantum Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 113 Rest of Europe Quantum Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 114 Rest of Europe Quantum Computing Market by Application, 2020 - 2023, USD Million
TABLE 115 Rest of Europe Quantum Computing Market by Application, 2024 - 2031, USD Million
TABLE 116 Rest of Europe Quantum Computing Market by End-user, 2020 - 2023, USD Million
TABLE 117 Rest of Europe Quantum Computing Market by End-user, 2024 - 2031, USD Million
TABLE 118 Key Information - Google LLC
TABLE 119 Key Information - Microsoft Corporation
TABLE 120 Key Information - IBM Corporation
TABLE 121 Key Information - Amazon Web Services, Inc.
TABLE 122 Key Information - QC Ware Corp.
TABLE 123 Key Information - Huawei Technologies Co., Ltd.
TABLE 124 Key Information - Rigetti Computing, Inc.
TABLE 125 Key Information -SpinQ Technology Co., Ltd.
TABLE 126 Key Information - D-Wave Systems Inc.
TABLE 127 Key Information - Intel Corporation

LIST OF FIGURES

FIG 1 Methodology for the research
FIG 2 Europe Quantum Computing Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Quantum Computing Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Jan - 2025, Feb) Leading Players
FIG 8 Porter's Five Forces Analysis - Quantum Computing Market
FIG 9 Europe Quantum Computing Market share by Offering, 2023
FIG 10 Europe Quantum Computing Market share by Offering, 2031
FIG 11 Europe Quantum Computing Market by Offering, 2020 - 2031, USD Million
FIG 12 Europe Quantum Computing Market share by Deployment, 2023
FIG 13 Europe Quantum Computing Market share by Deployment, 2031
FIG 14 Europe Quantum Computing Market by Deployment, 2020 - 2031, USD Million
FIG 15 Europe Quantum Computing Market share by Application, 2023
FIG 16 Europe Quantum Computing Market share by Application, 2031
FIG 17 Europe Quantum Computing Market by Application, 2020 - 2031, USD Million
FIG 18 Europe Quantum Computing Market share by End-user, 2023
FIG 19 Europe Quantum Computing Market share by End-user, 2031
FIG 20 Europe Quantum Computing Market by End-user, 2020 - 2031, USD Million
FIG 21 Europe Quantum Computing Market share by Country, 2023
FIG 22 Europe Quantum Computing Market share by Country, 2031
FIG 23 Europe Quantum Computing Market by Country, 2020 - 2031, USD Million
FIG 24 Recent strategies and developments: Google LLC
FIG 25 SWOT Analysis: Google LLC
FIG 26 SWOT Analysis: Microsoft Corporation
FIG 27 Recent strategies and developments: IBM Corporation
FIG 28 Swot Analysis: IBM Corporation
FIG 29 SWOT analysis: Amazon Web Services, Inc.
FIG 30 Recent strategies and developments: QC Ware Corp.
FIG 31 SWOT Analysis: Huawei Technologies Co., Ltd.
FIG 32 Recent strategies and developments: SpinQ Technology Co., Ltd.
FIG 33 Recent strategies and developments: Intel Corporation
FIG 34 SWOT Analysis: Intel corporation

Europe Quantum Computing Market Size, Share & Trends Analysis Report By Offering (System, and Services), By Deployment, By Application, By End-user, By Country and Growth Forecast, 2024 - 2031

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