PUBLISHER: The Business Research Company | PRODUCT CODE: 1706175
PUBLISHER: The Business Research Company | PRODUCT CODE: 1706175
Quantum computing and technologies integrate principles from quantum mechanics with computer science to develop advanced computing systems. These systems harness the unique characteristics of quantum bits (qubits), such as superposition and entanglement, to execute intricate computations exponentially faster than classical computers.
The primary components of quantum computing and technologies encompass hardware, software, and services. Hardware denotes the tangible components of a computer system or electronic device that can be physically manipulated. Various technologies employed include blockchain, adiabatic, measurement-based, superconducting, and topological, which are deployed both on cloud-based and on-premises platforms. These technologies find applications across diverse domains, including cryptography, the Internet of Things (IoT), big data analytics, artificial intelligence (AI), machine learning, teleportation, simulation, and data optimization. They are utilized across various industries, notably banking, financial services, and insurance (BFSI), healthcare and life sciences, information technology and telecommunications, manufacturing, government, aerospace and defense, among others.
The quantum computing and technologies market research report is one of a series of new reports from The Business Research Company that provides quantum computing and technologies market statistics, including quantum computing and technologies industry global market size, regional shares, competitors with a quantum computing and technologies market share, detailed quantum computing and technologies market segments, market trends and opportunities, and any further data you may need to thrive in the quantum computing and technologies industry. This quantum computing and technologies market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The quantum computing and technologies market size has grown exponentially in recent years. It will grow from $1.1 billion in 2024 to $1.47 billion in 2025 at a compound annual growth rate (CAGR) of 34.0%. The growth in the historic period can be attributed to the rise of cloud-based quantum computing platforms, growth in quantum machine learning, growth in the number of startups, increased adoption of quantum-inspired algorithms, and growth in government funding.
The quantum computing and technologies market size is expected to see exponential growth in the next few years. It will grow to $4.69 billion in 2029 at a compound annual growth rate (CAGR) of 33.7%. The growth in the forecast period can be attributed to increasing investment in quantum computing startups, growing demand for cryptographic security, increased demand for handling and analyzing data, rising incidences of cybercrime, and growing internet penetration. Major trends in the forecast period include growing demand for high-performance computing solutions, a growing need for simulating complex systems, a growing number of startups and companies, and rising demand for quantum sensors.
The growing cybersecurity threats are expected to drive the growth of the quantum computing and technologies market in the coming years. Cybersecurity threats involve malicious attempts to compromise the confidentiality, integrity, or availability of information systems, networks, and data. The rise in these threats can be attributed to factors such as digital transformation, the increase in remote work, and the growing sophistication of attack techniques. Quantum computers have the potential to enhance encryption systems by generating truly unpredictable numbers through quantum processes, improving the randomness of key generation and making encryption harder to break. For example, in February 2023, the Australian Cyber Security Centre reported a 13% increase in cybercrime reports in 2022, with a total of 76,000 cases. Therefore, the escalating cybersecurity threats are driving the growth of the quantum computing and technologies market.
Major companies in the quantum computing and technologies market are intensifying their focus on innovative solutions such as quantum optics and nanophononics technology to meet the rising demand for advanced quantum computing capabilities and address the limitations of existing quantum technologies. Quantum optics and nanophononics deal with the fundamental interactions between light and matter at the nanoscale, providing critical insights for developing quantum computers and related technologies. For instance, in February 2024, Quantum Computing Inc., a US-based technology company, launched the Dirac-3 entropy quantum computer (EQC), a quantum computing platform. The EQC combines quantum optics and nanophononics technologies to modify an issue encoded into its photonic architecture. The EQC adjusts how the variables interact through optical feedback loops before settling into a ground state or optimal solution. The Dirac-3 EQC utilizes quantum digits (qdits), which are quantum bits (qubits) with 200 discrete modes each, unlike the qubits used in standard quantum computing devices.
In March 2022, Quantum Machines, an Israel-based quantum control technology company, acquired QDevil for an undisclosed amount. This acquisition was aimed at expanding Quantum Machines' quantum computing orchestration platform by integrating QDevil's control hardware and expertise. The move is expected to enhance Quantum Machines' ability to deliver comprehensive solutions for quantum systems. QDevil, a Denmark-based technology company, specializes in providing quantum control technology.
Major companies operating in the quantum computing and technologies market are Volkswagen AG, Google LLC, Microsoft Corporation, Mitsubishi Corporation, Huawei Technologies Co. Ltd., Amazon Web Services Inc., Raytheon Technologies Corporation, Intel Corporation, The Hewlett-Packard Company, International Business Machines Corporation, Nokia Corporation, Toshiba Corporation, NEC Corporation, SK Telecom Co. Ltd., Rigetti Computing Inc., Pasqal, Riverlane Ltd., IonQ Inc., D-Wave Systems Inc., Quantum Circuits Inc., Alpine Quantum Technologies GmbH, Multiverse Computing, ANT GmbH, Zapata Computing Inc.
North America was the largest region in the quantum computing and technologies market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the quantum computing and technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the quantum computing and technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The quantum computing and technologies market consists of revenues earned by entities providing services such as quantum computing as a service, quantum simulation services, and quantum sensing services. The market value includes the value of related goods sold by the service provider or included within the service offering. The quantum computing and technologies market also includes sales of quantum sensors, quantum communication systems, and quantum computers. values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Quantum Computing And Technologies Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on quantum computing and technologies market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for quantum computing and technologies ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The quantum computing and technologies market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.