Quantum Computing Market Size, Trends & Forecast | Major Players 2025 - IBM Quantum, Google, Honeywell

"The Global Quantum Computing Market reached US$ 650.1 million in 2022 and is expected to reach US$ 8,788.8 million by 2031, growing with a CAGR of 38.9% during the forecast period 2024-2031." As per DataM intelligence research report

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United States: Recent Industry Developments

✅ In September 2025, IBM launched its next-generation quantum processor, Eagle-2, featuring 1,500 qubits and enhanced error correction. The system enables more complex computations for research and industrial applications. It is aimed at accelerating innovation in pharmaceuticals, finance, and materials science.

✅ In August 2025, Google Quantum AI completed the acquisition of IonQ's software division, expanding its capabilities in quantum algorithms and cloud-based quantum computing solutions. The integration strengthens Google's position in enterprise quantum services. It supports AI-driven simulations and optimization tasks.

✅ In July 2025, Microsoft invested $60 million to expand its Azure Quantum cloud platform in the U.S., improving access to high-performance quantum hardware. The investment focuses on hybrid classical-quantum solutions for developers and enterprises. It enables scalable quantum applications for research and commercial purposes.

✅ In June 2025, Rigetti Computing launched a new 512-qubit quantum system coupled with cloud access and AI-assisted error mitigation. The platform targets research institutions and enterprise clients. It allows faster experimentation and practical quantum applications in chemistry and logistics.

Japan: Recent Industry Developments

✅ In September 2025, Fujitsu Limited launched a quantum-inspired digital annealer for optimization problems in manufacturing and logistics. The system combines classical and quantum-inspired computing for high-speed solutions. It targets Japanese enterprises needing complex optimization tools.

✅ In August 2025, NEC Corporation invested in expanding its quantum computing research facility in Tokyo. The focus is on superconducting qubit technology and quantum network development. The investment aims to accelerate applied quantum research in Japan.

✅ In July 2025, Sony Corporation completed the acquisition of a domestic quantum software startup. The move enhances its capabilities in quantum algorithm development and AI integration. It supports applications in material science, finance, and cryptography.

✅ In June 2025, Toshiba Corporation launched a quantum key distribution (QKD) system for secure communications in government and financial sectors. The system integrates with existing IT infrastructure for enhanced cybersecurity. It is part of Japan's strategic push toward secure quantum networks.

Quantum Computing Market: Drivers

The quantum computing market is experiencing rapid growth due to increasing demand for high-performance computing solutions capable of solving complex problems beyond the reach of classical computers. Quantum computing enables advancements in cryptography, drug discovery, materials science, financial modeling, and optimization problems, driving adoption across research institutions, technology companies, and government agencies. Technological advancements in qubit design, error correction, and quantum algorithms are enhancing computational power, stability, and scalability. Growing investments from public and private sectors, including venture capital and research grants, are accelerating development and commercialization of quantum technologies. Additionally, the rising need for faster data processing and advanced analytics is fueling interest in quantum computing applications.

Innovation in hybrid quantum-classical systems, cloud-based quantum services, and software development platforms is enabling broader accessibility and practical applications for enterprises. Collaborations between academia, technology providers, and government organizations are fostering knowledge transfer and accelerating technological breakthroughs. Increasing focus on cybersecurity, complex simulations, and AI-driven optimization is driving demand for specialized quantum computing solutions. Expansion of pilot programs and early adoption initiatives in finance, healthcare, and logistics is further boosting market momentum. Collectively, these factors are positioning the quantum computing market for sustained growth as industries and researchers increasingly explore quantum technologies for transformative computational capabilities.

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Quantum Computing Market: Major Players

IBM Quantum, Google, Honeywell, Rigetti Computing, Telstra Corporation Limited, IonQ Inc., Silicon Quantum Computing, Huawei Technologies Co. Ltd., Alphabet Inc., Rigetti & Co Inc., Microsoft Corporation, D-Wave Systems Inc. and Zapata Computing Inc.

Segment Covered in the Quantum Computing Market:

➥ By Offering: Hardware, Software, Service

➥ By Deployment Type: On-premises, Cloud-based

➥ By Technology: Quantum Dots, Trapped Ions, Quantum Annealing

➥ By Application: Optimization, Simulation & Data Problems, Sampling, Machine Learning, Others

➥ By End-user: Banking, Financial Services & Insurance, Aerospace & Defense, Manufacturing, Healthcare, IT & Telecom, Energy & Utilities, Others

Research Process:

Both primary and secondary data sources have been used in the Quantum Computing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Most Frequently Asked Questions in the Quantum Computing Market Research Industry:

➠ Who leads the Quantum Computing industry and what's their competitive positioning regarding capacity, performance, and profitability?
➠ What growth opportunities and market challenges do Quantum Computing market vendors face?
➠ Which segments show the highest growth potential and market share distribution?
➠ What factors are driving or limiting Quantum Computing market growth?
➠ What are the dominant sales and distribution strategies in the Quantum Computing industry?

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Regional Analysis:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

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