United States Quantum Computing Market: IBM, Google & Rigetti Competition - 2024-2031

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.

Quantum Computing Market is positioned for robust growth, and shifting market dynamics reshaping the competitive landscape. DataM Intelligence's new report provides data-driven insights, SWOT analysis, and marketing-ready intelligence for businesses seeking to improve market penetration and campaign ROI.

Quantum computing leverages the principles of quantum mechanics to perform complex computations at unprecedented speeds, using qubits instead of traditional bits. It holds transformative potential across industries such as healthcare, finance, logistics, and cybersecurity by enabling advanced data analysis, optimization, and molecular simulation. Growing investments from tech giants and governments are accelerating its commercialization and real-world adoption.

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Recent Key Developments :

USA:

October 2025: IBM announced installation of its next-generation 1,500+ qubit quantum processor at a U.S. national laboratory, accelerating advanced research in drug discovery and optimized supply chain analytics.

September 2025: Google Cloud launched a commercial hybrid quantum-classical computing service in partnership with multiple financial sector clients, focusing on portfolio risk modeling and encryption solutions.

Japan:

September 2025: Fujitsu and RIKEN completed Japan's first 100+ qubit superconducting quantum system, opening for collaborative experiments in pharmaceuticals and materials science.

August 2025: A Japanese government grant supported startups working on error-correction architectures and quantum networking, strengthening the nation's domestic ecosystem for scalable quantum technology.

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Strategic Players Driving the Quantum Computing Market Forward

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

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Segment Covered in the Quantum Computing Market:

➥ By Offering: Hardware, Software, Service, Others
➥ 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 for Quantum Computing Market:

⇥ 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)

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

✒ What are the primary drivers fueling growth in the Quantum Computing Market today?
✒ Which companies are currently leading innovation and market share in the Quantum Computing Market?
✒ In what ways is the current regulatory environment influencing the Quantum Computing Market trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Quantum Computing Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Quantum Computing Market?

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