Global Quantum Computing Market Size, Forecast, and Trend Highlights Over 2025-2037
Quantum Computing Market size was valued at USD 1.65 billion in 2024 and is projected to reach USD 64.12 billion by the end of 2037, rising at a CAGR of 32.2% during the forecast period, i.e., 2025-2037. In 2025, the industry size of quantum computing is evaluated at USD 2.20 billion.
The main factor driving the growth of the market is the significant investment from national governments to boost technological independence and foster innovation. In 2024, the Department of Energy (DOE) announced an investment of around USD 64 million in quantum computing for over 8 initiatives to transform the capacity to tackle challenges that are difficult to answer with even the biggest supercomputers available today, and address big, intricate issues more rapidly and efficiently. The supply chain for quantum computing heavily relies on specialized components and materials, including superconducting materials, cryogenic systems, and cutting-edge semiconductors. Many of these can be difficult to get and are subject to stringent export regulations.
The quantum technologies industry is thriving, with strong backing from the government, investment by the private sector, and various government programs. For instance, the National Quantum Initiative is are made to harness quantum technology’s enormous potential to propel innovation and speed up technological growth. Furthermore, trade dynamics are extremely vital in the realm of quantum computing to safeguard data from potential quantum-powered attacks. The U.S. Department of Commerce emphasizes that supply chains are compelled to be secure, highlighting the risks associated with relying on outside suppliers for essential supplies.
Quantum Computing Sector: Growth Drivers and Challenges
Growth Drivers
- Strong government support: Governments across the world are launching initiatives and devoting huge sums of money to support research and development in quantum computing. According to the National Institute of Standards and Technology (NIST), in 2023, the U.S. National Quantum Initiative invested over USD 1.6 billion to promote developments in quantum systems and technology. Likewise, the Ministry of Industry and Information Technology (MIIT) stated in a report that China's USD 10 billion investment in quantum R&D will improve talent development and infrastructure, and transform the national security landscape. These funds speed up commercialization, especially in regions including Asia Pacific and North America.
- Expansion of quantum computing as a service (QCaaS): QCaaS allows businesses to conduct cost-effective research and development. In August 2024, Amazon Braket introduced the latest superconducting quantum processor from Rigetti Computing, the 84-qubit Ankaa-2 device, enabling customers in any time zone to execute hybrid jobs and quantum tasks whenever it's convenient for them. This will also create new opportunities for continuous research and more effective use of quantum hardware resources on a pay-as-you-go basis. For instance, NIST reports that QCaaS solutions, such as AWS Braket, the quantum computing service of Amazon Web Services (AWS), decrease barriers to entry for quantum computing.
AI and ML Trends in Quantum Computing Market
AI and Machine Learning (ML) are a turning point for product development and operational efficiency, particularly for key market players like IBM, Google, and Quantinuum. Based on a 2023 report by NIST, the design of quantum hardware is made much more efficient with AI-driven simulations, which reduces development costs by around 29%. Similarly, ML enhances computational speed by more than 35% for certain applications.
When it comes to operations, AI steps up the game by boosting supply chain efficiency and slashing logistics costs by about 19-24% with the help of predictive analytics. Besides this, ENISA, the EU agency dedicated to enhancing cybersecurity in Europe, states that AI-driven quality control improves product dependability by 15-20%. Moreover, China Academy of Information and Communications Technology, CAICT, reported in 2023 that AI personalization leads to an enormous 34% increase in satisfaction in the BFSI sector.
|
Company |
AI & ML Integration |
Outcome |
|
Rigetti Computing |
ML for hybrid quantum-classical logistics |
48% less optimization time (2024) |
|
IBM |
AI simulations for circuit design |
33% less development time (2023) |
|
D-Wave Systems |
AI for supply chain optimization |
24% lower logistics costs (2024) |
|
Quantinuum |
ML for NLP in transformer model |
Over 25,000x less energy use (2024) |
|
|
ML for error correction |
Around 38% better algorithm efficiency (2024) |
5G Adoption Trends in Quantum Computing Market
Low-latency, high-bandwidth 5G infrastructure expedites quantum computing by boosting connectivity for industrial IoT, providing real-time data processing in manufacturing, logistics, and supply chains. For instance, the 5G market is expected to grow from USD 16.3 billion in 2024 to USD 62.1 billion by 2033, at a CAGR of 14.7% between 2024 and 2033. According to NIST, this helps create quantum algorithms, with 49% of organizations using 5 G-enabled QCaaS services such as AWS Braket. The outcomes below demonstrate how 5G's integration with quantum computing promotes scalability, innovation, and operational efficiency.
|
Company |
5G and Quantum Computing Integration |
Outcome |
|
Microsoft |
Azure Quantum with 5G edge computing |
Faster IoT data processing (2024) |
|
DHL |
5G networks with quantum computing |
24% logistics cost reduction (2024) |
|
Siemens |
5G IoT sensors with quantum analytics |
28% productivity increase (2023) |
|
IBM |
5G for quantum cloud services |
Enabled real-time computations (2024) |
Challenges
- Data protection laws: According to ENISA, the General Data Protection Regulation (GDPR) in Europe guarantees quantum-resistant encryption, which raises compliance costs by between 19% to 29%. In 2022, India’s DPDP Act caused quantum products’ release to be delayed by six months. These factors state that compliance with such regulations delays market penetration and increases the cost, further impacting the market growth.
- Increase in cybersecurity concerns: Quantum computers pose a threat to current encryption methods. Therefore, investing in expensive post-quantum cryptography (PQC) has become essential. As reported by IBM, in the U.S., the average cybersecurity expense for companies transitioning to quantum technology is around USD 4.8 million. Moreover, these high costs act as a barrier to adoption, particularly for smaller players in the ICT sector.
Quantum Computing Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
32.2% |
|
Base Year Market Size (2024) |
USD 1.65 billion |
|
Forecast Year Market Size (2037) |
USD 64.12 billion |
|
Regional Scope |
|
Quantum Computing Segmentation
Offering (Services, Systems)
The services systems segment of the quantum computing market is anticipated to grasp a leading 52% revenue share by the end of 2037. The growth is led by the rise of QCaaS, or quantum computing as a service. QCaaS allows companies of all sizes to gain access to quantum computing tools, software, and hardware without having to invest in expensive infrastructure. In July 2021, Oxford Quantum Circuits (OQC) introduced the UK’s first commercially available QCaaS built entirely using its proprietary technology. This marks a critical turning point in the UK's and the world's efforts to completely comprehend the potential of quantum computing.
Application (Optimization, Machine Learning, Simulation, Cryptography, Others)
The optimization segment is likely to hold around 33% revenue share owing to the growing demand for quantum computing in the banking and logistics industries to solve complex issues faster. For instance, according to NIST, complex problems can be solved 100 times faster by quantum algorithms than by traditional systems. With the help of quantum computing optimization, the logistics sector is transforming, which is solving scheduling and routing issues for delivery trucks, public transit, and tour vehicles.
Our in-depth analysis of the quantum computing market includes the following segments:
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Offering |
|
|
Technology |
|
|
Application |
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|
Deployment |
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End-User |
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Vishnu Nair
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Quantum Computing Industry: Regional Synopsis
North America Market Forecast
The North America quantum computing market is expected to account for a leading share of 37.9% by the end of 2037. The growth is driven by high demand for quantum computing in BFSI and an increase in government financing. The U.S. Department of Energy announced USD 11 million in funding for six cooperative initiatives to better understand whether, when, and how quantum computing can push the boundaries of computational research. The U.S. is leading with its advanced infrastructure, while Canada is making strides through partnerships like Xanadu’s ISED-funded initiatives. Prominent trends include cloud-based QCaaS and the rise of post-quantum cryptography (PQC).
The U.S. quantum computing market is expected to hit over USD 15 billion by 2037, supported by strong government support, investments from the private sector, and the relevant alliances and collaborations to build a future quantum workforce. The rise of cloud-based QCaaS and the implementation of PQC to address the risks of quantum decryption further contribute to market expansion. The National Quantum Initiative is elevating research and development, which is opening the way for wider quantum service deployment.
Asia Pacific Market Forecast
Asia Pacific is poised to garner 26.9% of revenue share shortly. The growth is attributed to consistent investments in R&D and growing cloud quantum initiatives in countries such as China and Japan. To illustrate, in April 2023, RIKEN, the National Institute of Advanced Industrial Science and Technology, the National Institute of Information and Communications Technology, Osaka University, Fujitsu Limited, and Nippon Telegraph and Telephone Corporation announced the development of Japan's first superconducting quantum computer. This development represents a big step toward quantum computing.
Additionally, China is projected to lead the Asia Pacific quantum computing market by 2037. The growth in the region is led by noteworthy government investment of USD 10 billion from the Ministry of Industry and Information Technology (MIIT) in 2024. Moreover, a rise in QCaaS positions China as a leader in optimization and cryptography applications.
Companies Dominating the Quantum Computing Landscape
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
By 2024, the market for quantum computing is likely to reach a staggering USD 1.65 billion with significant government support, robust R&D activities, and the existence of American behemoths like Google and IBM. Businesses are employing strategic initiatives, like cloud-based QCaaS, facilitating more accessibility to this technology. Businesses in the Asia-Pacific area, such as Qkrishi and Samsung, are focusing on specific applications, whereas collaborations such as the one between AIST and Fujitsu Limited in Japan are advancing hardware innovation. Here are a few areas of focus covered in the competitive landscape of the market:
|
Company |
Country of Origin |
Market Share (2024) |
|
IBM |
USA |
17.5% |
|
|
USA |
11.2% |
|
Microsoft |
USA |
9.8% |
|
Quantinuum |
USA |
8.4% |
|
IonQ |
USA |
6.2% |
|
D-Wave Systems |
Canada |
XX% |
|
Atos |
France |
XX% |
|
Quix Quantum |
Netherlands |
XX% |
|
Fujitsu |
Japan |
XX% |
|
NEC Corporation |
Japan |
XX% |
|
Xanadu Quantum Technologies |
Canada |
XX% |
|
Quantum Motion |
UK |
XX% |
|
Q-CTRL |
Australia |
XX% |
|
Samsung Electronics |
South Korea |
XX% |
|
Qkrishi |
India |
XX% |
Recent Developments
- In May 2025, International Business Machines Corporation (IBM) announced the introduction of the Quantum System, featuring a 156-qubit processor, making it possible for 100,000 businesses to implement quantum solutions by 2025.
- In February 2025, D-Wave Quantum Inc. introduced the Advantage2 quantum computer, which offers improved enterprise application optimization through the Leap Cloud Service to resolve computationally challenging issues that are beyond the capabilities of traditional computers.
- Report ID: 4910
- Published Date: May 23, 2025
- Report Format: PDF, PPT
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