How big is the quantum computing market?

The global quantum computing market size was estimated at USD 1.42 billion in 2024 and is expected to reach USD 1.67 billion in 2025.

What is the quantum computing market growth?

The global quantum computing market is expected to grow at a compound annual growth rate of 20.5% from 2025 to 2030 to reach USD 4.24 billion by 2030.

Which segment accounted for the largest quantum computing market share?

Europe dominated the quantum computing market with a share of 33.84% in 2024. This is attributable to the rising pattern of cooperation between the industrial and academic sectors within the European quantum computing market. These collaborations are expediting the progression of fresh quantum computing technologies and applications.

Who are the key players in the quantum computing market?

Some key players operating in the quantum computing market include Accenture Plc., D-WaveSystem Inc., Google LLC, IBM Corporation, Intel Corporation, Microsoft Corporation, Quantinuum Ltd., Rigetti & Co, Inc., Riverlane, and Zapata Computing

What are the factors driving the quantum computing market?

Key factors that are driving the market growth include increasing demand for high-performance computing, increase in government funds and strategic alliances, and early adoption of quantum computing in the banking and finance sector.