Quantum Computing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the quantum computing market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global quantum computing market from 2024 to 2033.

Key Insights:

Quantum Computing Market Size (2024E): USD 475.2 Million
Projected Market Value (2033F): USD 1505.7 Million
Global Market Growth Rate (CAGR 2024 to 2033): 13.7%

Quantum Computing Market - Report Scope:

Quantum computing plays a pivotal role in revolutionizing computational capabilities, offering potential solutions to complex problems that classical computers struggle to address efficiently. The market caters to various sectors, including healthcare, finance, aerospace, and defense, among others, with applications ranging from cryptography and optimization to drug discovery and material science. Market growth is driven by advancements in quantum hardware and software, increasing investments by governments and private sector players, and growing demand for quantum computing solutions across industries.

Market Growth Drivers:

The global quantum computing market is propelled by several key factors, including the pursuit of quantum supremacy by technology giants, research institutions, and startups aiming to achieve quantum advantage in solving real-world problems. Increasing collaborations between academia and industry foster innovation in quantum algorithms and software frameworks, expanding the practical applicability of quantum computing. Moreover, rising investments in quantum hardware development, such as superconducting qubits and trapped ion technologies, enhance computational capabilities and drive market expansion.

Market Restraints:

Despite promising growth prospects, the quantum computing market faces challenges related to scalability, error correction, and the development of robust quantum software ecosystems. Technical hurdles in maintaining qubit coherence and fidelity hinder the commercialization of large-scale quantum computers, limiting their adoption beyond specialized applications. Additionally, regulatory uncertainties and ethical considerations surrounding quantum cryptography and computing pose challenges for market stakeholders, requiring concerted efforts to address security and privacy concerns in quantum-enabled solutions.

Market Opportunities:

The quantum computing market presents significant growth opportunities driven by technological breakthroughs, strategic partnerships, and the integration of quantum computing with emerging technologies such as artificial intelligence and blockchain. Quantum simulators and annealers offer near-term commercial applications in optimization and machine learning, paving the way for broader adoption across industries. Moreover, advancements in quantum networking and communication protocols support the development of quantum-safe encryption and secure information transfer, opening new avenues for market expansion.

Strategic partnerships, investment in research and development, and the establishment of quantum research hubs and innovation centers are essential to capitalize on emerging opportunities and sustain market leadership in the evolving quantum computing landscape.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the quantum computing market globally?
Which industries and applications are driving quantum computing adoption across different sectors?
How are technological advancements reshaping the competitive landscape of the quantum computing market?
Who are the key players contributing to the quantum computing market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global quantum computing market?

Competitive Intelligence and Business Strategy:

Leading players in the global quantum computing market, including IBM Corporation, Google LLC, and Rigetti Computing, focus on innovation, quantum software development, and strategic collaborations to gain a competitive edge. These companies invest in quantum algorithm research, quantum cloud platforms, and quantum-as-a-service offerings, catering to diverse industry needs and driving market growth. Collaborations with academic institutions, technology partners, and government agencies accelerate the commercialization of quantum computing technologies and foster ecosystem development.

Key Companies Profiled:

IBM Corporation
Microsoft Corporation
Google
Huawei
Intel Corporation
ColdQuanta
D-Wave Systems Inc.
Atom Computing Inc
Xanadu Quantum Technologies Inc.
Zapata Computing, Inc.
Strangeworks Inc.

Key Segments of Quantum Computing Industry Research

By Component:

Quantum Computing Devices
Quantum Computing Software
Quantum Computing Services

By Application:

Simulation & Testing
Financial Modelling
Artificial Intelligence & Machine Learning
Cybersecurity & Cryptography

By Industry:

Quantum Computing for Healthcare & Life Sciences
Quantum Computing for Banking & Financial Services
Quantum Computing for Manufacturing
Quantum Computing for Academics & Research
Quantum Computing for Aerospace & Defence
Quantum Computing for Energy & Utilities
Quantum Computing for IT & Telecom

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa

Product Code: PMRREP14758

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Pricing Analysis

4.1. Pricing Analysis, By Solution
4.2. Average Pricing Analysis Benchmark

5. Global Quantum Computing Market Demand (in Value in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

5.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
5.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 5.2.1. Y-o-Y Growth Trend Analysis
- 5.2.2. Absolute $ Opportunity Analysis

6. Market Background

6.1. Macro-Economic Factors
6.2. Forecast Factors - Relevance & Impact
6.3. Value Chain
6.4. COVID-19 Crisis - Impact Assessment
- 6.4.1. Current Statistics
- 6.4.2. Short-Mid-Long Term Outlook
- 6.4.3. Likely Rebound
6.5. Market Dynamics
- 6.5.1. Drivers
- 6.5.2. Restraints
- 6.5.3. Opportunities

7. Global Quantum Computing Market Analysis 2019-2023 and Forecast 2024-2033, By Component

7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) Analysis By Component, 2019-2023
7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Component, 2024-2033
- 7.3.1. Quantum Computing Devices
- 7.3.2. Quantum Computing Software
- 7.3.3. Quantum Computing Services
7.4. Market Attractiveness Analysis By Component

8. Global Quantum Computing Market Analysis 2019-2023 and Forecast 2024-2033, By Application

8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Application, 2019-2023
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2024-2033
- 8.3.1. Simulation & Testing
- 8.3.2. Financial Modelling
- 8.3.3. Artificial Intelligence & Machine Learning
- 8.3.4. Cybersecurity & Cryptography
- 8.3.5. Others
8.4. Market Attractiveness Analysis By Application

9. Global Quantum Computing Market Analysis 2019-2023 and Forecast 2024-2033, By Industry

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Industry, 2019-2023
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Industry, 2024-2033
- 9.3.1. Quantum Computing for Healthcare & Life Sciences
- 9.3.2. Quantum Computing for Banking & Financial Services
- 9.3.3. Quantum Computing for Manufacturing
- 9.3.4. Quantum Computing for Academics & Research
- 9.3.5. Quantum Computing for Aerospace & Defense
- 9.3.6. Quantum Computing for Energy & Utilities
- 9.3.7. Quantum Computing for IT & Telecom
- 9.3.8. Others
9.4. Market Attractiveness Analysis By Industry

10. Global Quantum Computing Market Analysis 2019-2023 and Forecast 2024-2033, by Region

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) Analysis By Region, 2019-2023
10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Region, 2024-2033
- 10.3.1. North America
- 10.3.2. Latin America
- 10.3.3. Europe
- 10.3.4. East Asia
- 10.3.5. South Asia Pacific
- 10.3.6. Middle East and Africa
10.4. Market Attractiveness Analysis By Region

11. North America Quantum Computing Market Analysis 2019-2023 and Forecast 2024-2033

11.1. Introduction
11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
11.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 11.3.1. By Component
- 11.3.2. By Application
- 11.3.3. By Industry
- 11.3.4. By Country
  - 11.3.4.1. U.S.
  - 11.3.4.2. Canada
11.4. Market Attractiveness Analysis
- 11.4.1. By Component
- 11.4.2. By Application
- 11.4.3. By Industry
- 11.4.4. By Country
11.5. Market Trends
11.6. Key Market Participants - Intensity Mapping

12. Latin America Quantum Computing Market Analysis 2019-2023 and Forecast 2024-2033

12.1. Introduction
12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
12.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 12.3.1. By Component
- 12.3.2. By Application
- 12.3.3. By Industry
- 12.3.4. By Country
  - 12.3.4.1. Brazil
  - 12.3.4.2. Mexico
  - 12.3.4.3. Rest of Latin America
12.4. Market Attractiveness Analysis
- 12.4.1. By Component
- 12.4.2. By Application
- 12.4.3. By Industry
- 12.4.4. By Country

13. Europe Quantum Computing Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
13.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 13.3.1. By Component
- 13.3.2. By Application
- 13.3.3. By Industry
- 13.3.4. By Country
  - 13.3.4.1. Germany
  - 13.3.4.2. Italy
  - 13.3.4.3. France
  - 13.3.4.4. U.K.
  - 13.3.4.5. Spain
  - 13.3.4.6. BENELUX
  - 13.3.4.7. Russia
  - 13.3.4.8. Rest of Europe
13.4. Market Attractiveness Analysis
- 13.4.1. By Component
- 13.4.2. By Application
- 13.4.3. By Industry
- 13.4.4. By Country

14. South Asia & Pacific Quantum Computing Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
14.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 14.3.1. By Component
- 14.3.2. By Application
- 14.3.3. By Industry
- 14.3.4. By Country
  - 14.3.4.1. India
  - 14.3.4.2. Indonesia
  - 14.3.4.3. Malaysia
  - 14.3.4.4. Singapore
  - 14.3.4.5. Australia & New Zealand
  - 14.3.4.6. Rest of South Asia and Pacific
14.4. Market Attractiveness Analysis
- 14.4.1. By Component
- 14.4.2. By Application
- 14.4.3. By Industry
- 14.4.4. By Country

15. East Asia Quantum Computing Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
15.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 15.3.1. By Component
- 15.3.2. By Application
- 15.3.3. By Industry
- 15.3.4. By Country
  - 15.3.4.1. China
  - 15.3.4.2. Japan
  - 15.3.4.3. South Korea
15.4. Market Attractiveness Analysis
- 15.4.1. By Component
- 15.4.2. By Application
- 15.4.3. By Industry
- 15.4.4. By Country

16. Middle East and Africa Quantum Computing Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
16.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 16.3.1. By Component
- 16.3.2. By Application
- 16.3.3. By Industry
- 16.3.4. By Country
  - 16.3.4.1. GCC Countries
  - 16.3.4.2. Turkey
  - 16.3.4.3. South Africa
  - 16.3.4.4. Rest of Middle East and Africa
16.4. Market Attractiveness Analysis
- 16.4.1. By Component
- 16.4.2. By Application
- 16.4.3. By Industry
- 16.4.4. By Country

17. Key Countries Analysis- Quantum Computing Market

17.1. U.S. Quantum Computing Market Analysis
- 17.1.1. By Component
- 17.1.2. By Application
- 17.1.3. By Industry
17.2. Canada Quantum Computing Market Analysis
- 17.2.1. By Component
- 17.2.2. By Application
- 17.2.3. By Industry
17.3. Mexico Quantum Computing Market Analysis
- 17.3.1. By Component
- 17.3.2. By Application
- 17.3.3. By Industry
17.4. Brazil Quantum Computing Market Analysis
- 17.4.1. By Component
- 17.4.2. By Application
- 17.4.3. By Industry
17.5. Germany Quantum Computing Market Analysis
- 17.5.1. By Component
- 17.5.2. By Application
- 17.5.3. By Industry
17.6. Italy Quantum Computing Market Analysis
- 17.6.1. By Component
- 17.6.2. By Application
- 17.6.3. By Industry
17.7. France Quantum Computing Market Analysis
- 17.7.1. By Component
- 17.7.2. By Application
- 17.7.3. By Industry
17.8. U.K. Quantum Computing Market Analysis
- 17.8.1. By Component
- 17.8.2. By Application
- 17.8.3. By Industry
17.9. Spain Quantum Computing Market Analysis
- 17.9.1. By Component
- 17.9.2. By Application
- 17.9.3. By Industry
17.10. BENELUX Quantum Computing Market Analysis
- 17.10.1. By Component
- 17.10.2. By Application
- 17.10.3. By Industry
17.11. Russia Quantum Computing Market Analysis
- 17.11.1. By Component
- 17.11.2. By Application
- 17.11.3. By Industry
17.12. Rest of Europe Quantum Computing Market Analysis
- 17.12.1. By Component
- 17.12.2. By Application
- 17.12.3. By Industry
17.13. China Quantum Computing Market Analysis
- 17.13.1. By Component
- 17.13.2. By Application
- 17.13.3. By Industry
- 17.13.4. By Components
17.14. Japan Quantum Computing Market Analysis
- 17.14.1. By Component
- 17.14.2. By Application
- 17.14.3. By Industry
17.15. South Korea Quantum Computing Market Analysis
- 17.15.1. By Component
- 17.15.2. By Application
- 17.15.3. By Industry
17.16. India Quantum Computing Market Analysis
- 17.16.1. By Component
- 17.16.2. By Application
- 17.16.3. By Industry
17.17. Malaysia Quantum Computing Market Analysis
- 17.17.1. By Component
- 17.17.2. By Application
- 17.17.3. By Industry
17.18. Indonesia Quantum Computing Market Analysis
- 17.18.1. By Component
- 17.18.2. By Application
- 17.18.3. By Industry
17.19. Singapore Quantum Computing Market Analysis
- 17.19.1. By Component
- 17.19.2. By Application
- 17.19.3. By Industry
17.20. Australia and New Zealand Quantum Computing Market Analysis
- 17.20.1. By Component
- 17.20.2. By Application
- 17.20.3. By Industry
17.21. GCC Countries Quantum Computing Market Analysis
- 17.21.1. By Component
- 17.21.2. By Application
- 17.21.3. By Industry
17.22. Turkey Quantum Computing Market Analysis
- 17.22.1. By Component
- 17.22.2. By Application
- 17.22.3. By Industry
17.23. South Africa Quantum Computing Market Analysis
- 17.23.1. By Component
- 17.23.2. By Application
- 17.23.3. By Industry
17.24. Rest of Middle East and Africa Quantum Computing Market Analysis
- 17.24.1. By Component
- 17.24.2. By Application
- 17.24.3. By Industry

18. Market Structure Analysis

18.1. Market Analysis by Tier of Companies
18.2. Market Share Analysis of Top Players
18.3. Market Presence Analysis

19. Competition Analysis

19.1. Competition Dashboard
19.2. Competition Deep Dive
- 19.2.1. IBM Corporation
  - 19.2.1.1. Business Overview
  - 19.2.1.2. Product Portfolio
  - 19.2.1.3. Profitability by Market Segments (Business Segments/Region)
  - 19.2.1.4. Key Strategy & Developments
- 19.2.2. Microsoft Corporation
  - 19.2.2.1. Business Overview
  - 19.2.2.2. Product Portfolio
  - 19.2.2.3. Profitability by Market Segments (Business Segments/Region)
  - 19.2.2.4. Key Strategy & Developments
- 19.2.3. Google
  - 19.2.3.1. Business Overview
  - 19.2.3.2. Product Portfolio
  - 19.2.3.3. Profitability by Market Segments (Business Segments/Region)
  - 19.2.3.4. Key Strategy & Developments
- 19.2.4. Huawei
  - 19.2.4.1. Business Overview
  - 19.2.4.2. Product Portfolio
  - 19.2.4.3. Profitability by Market Segments (Business Segments/Region)
  - 19.2.4.4. Key Strategy & Developments
- 19.2.5. Intel Corporation
  - 19.2.5.1. Business Overview
  - 19.2.5.2. Product Portfolio
  - 19.2.5.3. Profitability by Market Segments (Business Segments/Region)
  - 19.2.5.4. Key Strategy & Developments
- 19.2.6. ColdQuanta
  - 19.2.6.1. Business Overview
  - 19.2.6.2. Product Portfolio
  - 19.2.6.3. Profitability by Market Segments (Business Segments/Region)
  - 19.2.6.4. Key Strategy & Developments
- 19.2.7. D-Wave Systems Inc.
  - 19.2.7.1. Business Overview
  - 19.2.7.2. Product Portfolio
  - 19.2.7.3. Profitability by Market Segments (Business Segments/Region)
  - 19.2.7.4. Key Strategy & Developments
- 19.2.8. Atom Computing Inc
  - 19.2.8.1. Business Overview
  - 19.2.8.2. Product Portfolio
  - 19.2.8.3. Profitability by Market Segments (Business Segments/Region)
  - 19.2.8.4. Key Strategy & Developments
- 19.2.9. Xanadu Quantum Technologies Inc.
  - 19.2.9.1. Business Overview
  - 19.2.9.2. Product Portfolio
  - 19.2.9.3. Profitability by Market Segments (Business Segments/Region)
  - 19.2.9.4. Key Strategy & Developments
- 19.2.10. Zapata Computing, Inc.
  - 19.2.10.1. Business Overview
  - 19.2.10.2. Product Portfolio
  - 19.2.10.3. Profitability by Market Segments (Business Segments/Region)
  - 19.2.10.4. Key Strategy & Developments
- 19.2.11. Strangeworks Inc.
  - 19.2.11.1. Business Overview
  - 19.2.11.2. Product Portfolio
  - 19.2.11.3. Profitability by Market Segments (Business Segments/Region)
  - 19.2.11.4. Key Strategy & Developments
- 19.2.12. Others
  - 19.2.12.1. Business Overview
  - 19.2.12.2. Product Portfolio
  - 19.2.12.3. Profitability by Market Segments (Business Segments/Region)
  - 19.2.12.4. Key Strategy & Developments