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Quantum Computing Market Report Overview
The global quantum computing market stood at USD 1082.40 Million in 2025 and is expected to reach USD 13600.24 Million by 2035, growing at a CAGR of 28.80% between 2026 and 2035, according to Expert Market Research. Services hold a notable share by offering, BFSI holds a notable share by end use, and Asia Pacific accounts for a major share by region. Growth is supported by United States Department of Commerce letters of intent worth USD 2.013 Billion signed in May 2026, IBM’s roadmap towards fault-tolerant systems in 2029, and the migration of financial and government systems to post-quantum cryptography. Quantum computing as a service, hybrid quantum-HPC workflows and domestic quantum foundries shape the competitive landscape.
Market Size & Forecast
- Market Size in 2025: USD 1082.40 Million
- Projected Market Size in 2035: USD 13600.24 Million
- Compound Annual Growth Rate (CAGR) of 2026 to 2035: 28.80%
- Segments Covered: Offering, Application, End Use, Region
Key Takeaways
- Expert Market Research values the quantum computing market at USD 1082.40 Million in 2025 and projects USD 13600.24 Million by 2035 at a CAGR of 28.80%.
- Services hold a notable share by offering, and BFSI holds a notable share by end use.
- Asia Pacific accounts for a major share by region, with India and China expanding technology capacity.
- The Department of Commerce signed letters of intent worth USD 2.013 Billion in May 2026 to build domestic quantum manufacturing capacity.
- NIST published NIST IR 8547 in October 2026, giving federal agencies a transition plan for post-quantum cryptography.
Latest Developments in the Quantum Computing Industry
- October 2026: NIST published NIST IR 8547, Transition to Post-Quantum Cryptography Standards, giving federal agencies, industry partners and standards organisations a plan for transitioning quantum-vulnerable cryptographic algorithms.
- July 2026: IBM, the Government of Andhra Pradesh and Tata Consultancy Services planned a 156-qubit IBM Quantum System Two with a Heron processor at the Amaravati Quantum Valley Tech Park, targeted for commissioning by September 2026 and subject to export licensing.
- June 2026: Quantinuum listed on the Nasdaq under the ticker QNT, pricing an upsized offering of 28 million shares at USD 60 per share for gross proceeds of about USD 1.68 Billion.
- May 2026: The Department of Commerce signed nine letters of intent worth about USD 2.013 Billion, including USD 100 million each for Atom Computing, D-Wave, Infleqtion, PsiQuantum and Quantinuum.
Compound Annual Growth Rate
28.8%
Value in USD Million
2026-2035
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What Is Quantum Computing?
Quantum computing is the branch of computing that builds computer technology on the principles of quantum theory. It uses collective properties of quantum states, such as superposition and entanglement, to perform computation. A quantum bit, or qubit, can hold a combination of states, which allows quantum processors to explore many solution paths for suitable problems.
A complete system combines a quantum processing unit, control electronics, cryogenic or laser-based infrastructure, error correction software and a programming layer. Enterprises reach these systems through cloud platforms, through on-premise installations in research centres and through hybrid workflows that pair quantum processors with classical high-performance computing.
Key Drivers of Quantum Computing Market Growth
Public Funding and National Programmes
On 21 May 2026, the Department of Commerce announced nine letters of intent worth about USD 2.013 Billion under the CHIPS and Science Act, including USD 1 Billion for an IBM superconducting quantum foundry and USD 375 million for GlobalFoundries. The European Commission published the Quantum Europe Strategy on 2 July 2025, targeting European leadership by 2030. Funding at this scale supports manufacturing capacity and shortens the path from prototype to supply.
Hardware Roadmaps and Error Correction
IBM introduced the 120-qubit Nighthawk processor on 12 November 2025, with 218 tunable couplers and support for up to 5,000 two-qubit gates, and plans 7,500 gates by the end of 2026. IBM targets fault-tolerant quantum computing by 2029. Credible performance milestones raise enterprise confidence and bring pilot budgets forward.
Cloud Access Through QCaaS
Quantum computing as a service lets healthcare, chemicals, defence and banking users run workloads without owning cryogenic hardware. Developers test optimisation, simulation and machine learning workloads on real devices through software development kits such as Qiskit. Growing QCaaS adoption supports the services segment, which holds a notable share by offering.
Post-Quantum Security Requirements
NIST states that National Security Memorandum 10 set 2035 as the primary target for completing federal migration to post-quantum cryptography, while Executive Order 14412 accelerated timelines for federal high-value assets to 2030 for key establishment and 2031 for digital signatures. Banks, insurers and defence contractors follow these timelines closely, which keeps BFSI and defence among the leading end uses.
Molecular and Materials Simulation Demand
Google reported on 22 October 2025 that its Quantum Echoes algorithm ran about 13,000 times faster on the 105-qubit Willow chip than the best classical algorithm on a leading supercomputer. In work with UC Berkeley, the team studied molecules with 15 and 28 atoms, which points towards drug discovery and materials science use cases.
Key Quantum Computing Market Trends and Innovations
Logical Qubits and Real-Time Error Correction
Hardware developers have shifted focus from raw qubit counts to error-corrected logical qubits. IBM reported real-time qLDPC error decoding in under 480 nanoseconds, a tenfold speedup over the leading approach, together with the experimental Loon processor that demonstrates the components needed for fault tolerance.
Verifiable Quantum Advantage Claims
Google’s Quantum Echoes result, published in Nature, and IBM’s goal of quantum advantage by the end of 2026 move the discussion from laboratory demonstrations to application benchmarks. IBM supports an open, community-led advantage tracker.
Hybrid Quantum-HPC Workflows
IBM reported more than 100 times lower cost for extracting accurate results through high-performance computing powered error mitigation. Pairing quantum processors with classical clusters suits optimisation, simulation and machine learning workloads.
Domestic Quantum Foundries
IBM moved primary quantum wafer fabrication to a 300 mm facility at NY Creates’ Albany NanoTech Complex and cut build time per processor by at least half. The Department of Commerce selected two foundries in its May 2026 letters of intent.
Public Listings and Capital Access
Quantinuum’s Nasdaq listing in June 2026 raised about USD 1.68 Billion in gross proceeds, opening a public funding route for hardware developers with long development cycles.
Market Challenges, Restraints, and Opportunities
Market challenges centre on error rates, scale and talent. Fault-tolerant machines require many physical qubits for each logical qubit, and IBM places its fault-tolerance target at 2029 while DARPA’s Quantum Benchmarking Initiative works towards verifying utility-scale systems by 2033. Control electronics, cryogenic systems and fabrication yield must scale in step with qubit counts, and the Department of Commerce funding targets specific engineering problems such as error rates, device reproducibility and photonic loss across qubit types. Systems built on superconducting, trapped-ion, neutral-atom, photonic, silicon spin and topological approaches each carry different scaling hurdles, so buyers weigh technology risk alongside performance. Skilled quantum engineers, algorithm developers and cryogenic specialists remain limited in supply, which lengthens project timelines for enterprises building internal teams. The Expert Market Research report examines how these technical and talent challenges influence adoption timelines across end uses.
Market restraints include cost, regulation and commercial scale. Quantinuum reported revenue of USD 30.9 million and a net loss of USD 192.6 million for 2025 in its public offering filings, which shows how capital-intensive hardware development remains. Export licensing shapes deployments, as seen in the planned Amaravati installation, and procurement cycles in defence and government can extend over several years. Quantinuum’s first-quarter 2026 revenue of USD 5.2 million against 2025 bookings of USD 79.3 million illustrates the gap between order intake and recognised revenue. The Department of Commerce receives minority, non-controlling equity stakes in the nine letter-of-intent recipients, which adds governance considerations for suppliers and customers. Enterprises also weigh integration effort with existing classical infrastructure before committing budgets. Readers may explore the full report for a detailed assessment of cost structures and regulatory conditions by region.
Market opportunities span cloud services, financial services, drug discovery and cybersecurity. The Expert Market Research forecast of USD 13600.24 Million by 2035 reflects growing demand for QCaaS, optimisation in BFSI and energy, and molecular simulation in healthcare and chemicals. Post-quantum migration programmes create parallel demand for consulting and security services, and national programmes in the United States, the European Union and India widen the buyer base. The European Commission plans six quantum chip pilot lines and a quantum skills academy in 2026, while the Amaravati project in India brings more than 50 foundational partners into one ecosystem. Microsoft’s topological approach and IBM’s qLDPC error correction work point towards new hardware categories. The full report provides segment-level forecasts to help planning teams prioritise entry points.
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Purchase the Regional Overview for USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
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Quantum Computing Market Segmentation
The Expert Market Research report titled “Quantum Computing Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments. Services hold a notable share by offering, BFSI holds a notable share by end use, and Asia Pacific accounts for a major share by region.
Market Breakup by Offering
- System
- Services
Key Insights: System covers quantum processing units, control electronics, cryogenic or laser infrastructure and the packaging needed to operate qubits. IBM Nighthawk, Google Willow and Quantinuum’s trapped-ion machines belong to this segment, and demand increases as foundry capacity expands. Higher gate counts and lower error rates enlarge the set of workloads a machine can run.
Services holds a notable share. It includes cloud access to quantum processors, software development kits such as Qiskit, consulting for algorithm design, and managed access for enterprises that prefer to test workloads before purchasing hardware. QCaaS lowers the cost of entry for healthcare, chemicals, defence and banking users. IBM’s Qiskit ecosystem and Microsoft’s Azure Quantum give developers a common programming route. Post-quantum migration programmes also create consulting demand within this segment.
Market Breakup by Application
- Optimisation
- Simulation
- Machine Learning
- Others
Key Insights: Optimisation addresses combinatorial problems in logistics, portfolio construction and energy scheduling. The expansion of network quantum information technologies supports the incorporation of optimisation solutions into practical applications. D-Wave’s annealing systems target this class of problems, and hybrid quantum-HPC workflows allow optimisation jobs to combine quantum samples with classical solvers.
Simulation models molecular and quantum systems. Google’s Quantum Echoes work with nuclear magnetic resonance and UC Berkeley illustrates the direction for drug discovery, polymers and battery components. In that study, molecules with 15 and 28 atoms matched traditional NMR results while revealing additional structural information.
Machine learning benefits from hybrid quantum-classical methods. IBM plans Qiskit computational libraries for machine learning and optimisation by 2027, which supports wider developer access.
Others include cryptography and secure communication, where quantum techniques complement post-quantum standards from NIST. The NIST IR 8547 transition plan, published in October 2026, covers the cryptographic supply chain of organisations.
Market Breakup by End Use
- Healthcare and Pharmaceuticals
- Chemicals
- Defence
- BFSI
- Energy and Power
- Others
Key Insights:
BFSI holds a notable share. Early adoption in banking and finance reflects the computational potential of quantum processors for risk analysis and optimisation, and the need to protect customer data under the NIST timelines of 2030, 2031 and 2035.
Healthcare and pharmaceuticals is projected to grow at a healthy pace. Drug discovery teams use molecular simulation to study how drugs bind to targets, and quantum processors support faster diagnosis and personalised medicine research. Google’s work with UC Berkeley on molecules of 15 and 28 atoms shows the type of structural insight that pharmaceutical teams seek, and the Expert Market Research drug discovery report examines this vertical in detail.
Chemicals gain from catalyst and materials modelling, where quantum simulation can reduce reliance on laboratory trial cycles. Google’s team identified polymers and battery components as candidate materials science applications of the Quantum Echoes algorithm.
Defence follows national benchmarking programmes. DARPA’s Quantum Benchmarking Initiative advanced 11 companies to Stage B in November 2025, and secure communication needs sustain interest. The initiative evaluates whether utility-scale quantum computing is achievable by 2033, and the selected companies include IBM, IonQ, Quantinuum, QuEra Computing and Xanadu.
Energy and power uses quantum optimisation for grid and resource planning. Saudi Aramco’s May 2024 agreement with Pasqal to install a 200-qubit system in the Kingdom shows early energy sector engagement. The system is planned to begin in analog mode and upgrade to a hybrid analog-digital mode.
Others include telecommunication, logistics, academia and government research centres that access shared quantum facilities.
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Key Insights: Asia Pacific accounts for a major share of the market. North America combines the highest concentration of public funding with leading hardware developers, and Europe builds capacity through the Quantum Europe Strategy, which targets leadership by 2030. Asia Pacific demand rests on pharmaceuticals and chemicals hubs and on technology companies expanding in India and China. Country-level analysis covers the United States, Canada, the United Kingdom, Germany, France, Italy, China, Japan, India, ASEAN, Australia, Brazil, Argentina, Mexico, Saudi Arabia, the United Arab Emirates, Nigeria and South Africa.
Quantum Computing Market Regional Analysis
North America Quantum Computing Market
North America benefits from the largest concentration of public funding and hardware developers. The Department of Commerce letters of intent of May 2026 total about USD 2.013 Billion, and IBM, Google, D-Wave, Microsoft and Intel operate research programmes in the region. IBM’s Albany fabrication move supports local supply, and federal migration under NIST IR 8547 adds demand from agencies and contractors.
Europe Quantum Computing Market
Europe pursues leadership by 2030 through the Quantum Europe Strategy of July 2025, which includes a quantum design facility, six quantum chip pilot lines, a pilot facility for the European quantum internet and a skills academy in 2026. The European Commission expects a Quantum Act proposal in 2026 and projects a global quantum sector value above EUR 155 billion by 2040. Germany, France and the United Kingdom anchor research clusters.
Asia Pacific Quantum Computing Market
Asia Pacific accounts for a major share of the market. Pharmaceuticals and chemicals hubs, along with the expansion of leading technology companies in India and China, support demand. In India, the planned 156-qubit IBM Quantum System Two in Amaravati, backed by the National Quantum Mission, builds a domestic ecosystem with Tata Consultancy Services, Larsen and Toubro, C-DAC and C-DOT among the partners.
Latin America Quantum Computing Market
Latin America covers Brazil, Argentina and Mexico in the report scope. Cloud platforms give banks, universities and energy companies in the region a route to quantum processors.
Middle East and Africa Quantum Computing Market
The Middle East and Africa report scope includes Saudi Arabia, the United Arab Emirates, Nigeria and South Africa. In May 2024, Saudi Aramco signed an agreement with Pasqal to install the Kingdom’s first quantum computer, a 200-qubit neutral-atom system. Gulf energy and finance sectors form natural early users.
Key Company Profiles of Quantum Computing Market
The report profiles the competitive landscape, covering company capacity and latest developments such as mergers, acquisitions, investments and expansions. Developers compete on qubit quality, error correction progress and cloud access.
Microsoft Corporation
Microsoft introduced Majorana 1 in February 2025, which it describes as the first quantum chip built on a topological core, supported by a Nature paper on parity measurement. Its Azure Quantum platform provides cloud access for developers.
IBM Corporation
IBM launched Nighthawk and Loon in November 2025, targets quantum advantage by the end of 2026 and fault tolerance by 2029, and is planned to receive USD 1 Billion towards a quantum foundry. IBM also advanced to Stage B of DARPA’s Quantum Benchmarking Initiative.
Intel Corporation
Intel develops silicon spin qubit technology and has released research chips intended to advance silicon spin qubit research.
Google Inc.
Google Quantum AI reported verifiable quantum advantage with the Quantum Echoes algorithm on the 105-qubit Willow chip in October 2025, published in Nature, with a speedup of about 13,000 times over a leading classical algorithm.
D-Wave Systems Inc.
D-Wave builds annealing quantum computers and is planned to receive USD 100 million under the May 2026 Commerce letters of intent for annealing and gate-model superconducting systems.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Frequently Asked Questions About This Report
In 2025, the global quantum computing market attained a value of nearly USD 1082.40 Million.
The market is projected to grow at a CAGR of 28.80% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 13600.24 Million by 2035.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
System and services are the major types of offerings in the market.
Optimisation, simulation, and machine learning, among others are the significant applications of the product.
Healthcare and pharmaceuticals, chemicals, defence, BFSI, and energy and power, among others are the important end use sectors of the product.
The major players in the industry are Microsoft Corporation, IBM Corporation, Intel Corporation, Google Inc., and D-Wave Systems Inc., among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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