Quantum Computing Market Analysis

By Deployment Model (On-Premise, Cloud)

The cloud segment is poised to dominate 53% market share by 2036, owing to its ability to provide cost-effective and user-friendly access to quantum computing technology.

Additionally, the increasing demand for high-performance computing solutions, along with the increasing implementation of cloud server, is accelerating the segment growth. Cloud solutions also offer flexibility in terms of scalability, as well as access to the latest tools and technologies.

Application (Machine Learning, Optimization, Biomedical Simulations, Financial Services, Electronic Material Discovery)

The optimization segment is predicted to gain a significant market share of about 34% by the year 2036, due to increasing demand for quantum computing-based optimization solutions in the areas of logistics, energy, healthcare, finance, and government. Moreover, the growing need for efficient and cost-effective solutions to solve complex problems, as well as increasing investments in quantum computing projects will fuel the segment growth.

Our in-depth analysis of the global market includes the following segments:

Deployment Model	On-Premise Cloud
Technology	Trapped Ions Quantum Dots Quantum Annealing
Offering	Service Software Hardware
Application	Machine Learning Optimization Biomedical Simulations Financial Services Electronic Material Discovery Others
End Use	Healthcare & Pharmaceuticals Chemicals Defense BFSI Energy & Power Others

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of quantum computing is evaluated at USD 1.65 Billion.

The quantum computing market size was over USD 1.21 Billion in 2023 and is projected to exceed USD 39.7 Billion by the end of 2036, growing at over 33.3% CAGR during the forecast period i.e., between 2024-2036. Increasing investments in the development of quantum computing systems, the growing number of applications of quantum computing, and the need for efficient data processing are the major factors driving the market growth.

North America industry share is projected to be the largest by 2036, at around 38%, attributed to launch of advanced computers by major quantum computing companies such as IBM and Microsoft, as well as government initiatives like the National Quantum Initiative in the US.

Rigetti Computing, Inc., T-Systems International GmbH, Huawei Technologies Co. Ltd., IBM Corporation, D-Wave Systems Inc., Telstra Corporation Limited, Zapata Computing Inc., Microsoft Corporation, IonQ Inc., Silicon Quantum Computing.

Quantum Computing Market Analysis