United States Quantum Computing Market is expected to reach US$ 8,788.8 million by 2031 | Top key players - IBM Quantum, IonQ Inc., Alphabet Inc.

Market Size and Forecast:

The Global Quantum Computing Market size 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. The Market is growing rapidly due to increasing investments in research, rising adoption across industries for complex problem-solving, and advancements in quantum hardware and algorithms.

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The Quantum Computing Market refers to the global industry involved in developing, manufacturing, and deploying quantum computers and related technologies. It encompasses hardware, software, and services that leverage quantum mechanics principles to perform complex computations faster than classical computers. The market is driven by demand in sectors like healthcare, finance, defense, and logistics for advanced problem-solving and data processing capabilities.

Industry Recent Developments:

United States:

✅ In October 2025, Google developed a landmark quantum computing algorithm called Quantum Echoes, which runs on its quantum chip and is 13,000 times faster than the most sophisticated classical algorithms. This algorithm shows practical application potential and supports artificial intelligence data generation.

✅ In October 2025, IBM announced it will spend $30 billion in R&D in the US as part of a broader $150 billion spending plan, emphasizing its commitment to quantum technology advancement.

✅ IonQ expanded its reach in the U.S. market in 2025, reinforcing its position among quantum computing companies focused on commercializing quantum technologies.

Japan:

✅ In Q3 2025, Japan launched a major initiative by the Ministry of Economy, Trade and Industry to invest approximately 50 billion yen (about $335 million USD) to accelerate the industrialization of its domestic quantum technology sector, supporting over 10 companies in hardware, software, and operating systems.

✅ In August 2025, D-Wave announced an 83% increase in bookings for its annealing quantum computing technology in the Asia Pacific region, highlighting growing adoption and interests in quantum computing in Japan.

✅ In July 2025, Fujitsu started official development of a superconducting quantum computer with a capacity exceeding 10,000 qubits, pushing the boundaries of quantum hardware capabilities in Japan.

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Major Key Players:

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

Key Growth Drivers:

Rapid advancements in quantum hardware technology and increasing accessibility through cloud-based quantum computing platforms, which lower entry barriers for businesses and accelerate adoption.

Growing investments and initiatives by governments and private enterprises worldwide to accelerate R&D, commercialization, and ecosystem development, driven by pressing needs in industries such as healthcare, finance, materials science, and national security.

Expanding applications of quantum computing in machine learning, optimization, simulation, and emerging fields such as autonomous vehicle technology and drug discovery, which create strong demand for quantum-enhanced computational power.

Segments 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 and Data Problems, Sampling, Machine Learning, Others.

By End-User: Banking, Financial Services and Insurance, Aerospace & Defense, Manufacturing, Healthcare, IT & Telecom, Energy & Utilities, Others.

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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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Quantum Computing market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Quantum Computing Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Quantum Computing market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Quantum Computing Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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