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.
