Quantum Computing Market Set for Explosive Growth to USD 8,788.8 Million by 2031, Led by North America's Largest Market Share | DataM Intelligence

The Global Quantum Computing Market reached USD 650.1 million in 2022 and is expected to reach USD 8,788.8 million by 2031, growing with a CAGR of 38.9% during the forecast period 2024-2031.​

This robust growth stems from surging investments in quantum research by governments and private sectors, accelerating advancements in quantum hardware like superconducting qubits and trapped ions, and expanding applications in drug discovery, optimization problems, and materials science. Industries such as pharmaceuticals leverage quantum simulations for molecular modeling to speed up new drug development, while logistics benefits from enhanced supply chain algorithms.

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United States: Key Industry Developments
✅ November 2025: Microsoft partnered with Atom Computing to advance commercial quantum computing using neutral atom qubits and qubit virtualization for improved error correction and stability.​

✅ October 2025: AWS unveiled Ocelot, its first proprietary quantum chip developed at the AWS Center for Quantum Computing at Caltech, marking a key hardware milestone.​

✅ April 2025: Fujitsu and RIKEN announced a 256-qubit superconducting quantum computer, expanding fourfold from prior systems with plans for 1,000 qubits by 2026.​

Europe: Key Industry Developments
✅ November 2025: IQM Quantum Computers launched Halocene, a new on-premises quantum computer product line for error correction research, starting with a 150-qubit system by late 2026.​

✅ February 2025: Quantinuum introduced its Generative Quantum AI framework, integrating AI, quantum computing, and supercomputers for complex problem-solving beyond classical limits.​

✅ October 2025: Investments in quantum computing surged, with the first three quarters of 2025 seeing USD 1.25 billion, more than doubling prior year levels amid commercial transitions.​

Global: Key Industry Developments
✅ November 2025: IQM launched Halocene, a modular superconducting quantum computer line targeting error-corrected systems beyond 1,000 qubits to support fault-tolerant computing by 2030.​

✅ November 2025: Microsoft advanced topological quantum computing with Majorana 1 chip, using anyon-based qubits for enhanced stability in a new state of matter.​

✅ June 2025: Global quantum computing market projected to grow from $1.6 billion in 2025 to $7.3 billion by 2030 at a 34.6% CAGR, driven by hardware and application advances.

Key Merges and Acquisitions(2025):
✅ Thales and CEA form an unprecedented partnership for post-quantum cybersecurity: In December 2025, Thales and CEA (French Alternative Energies and Atomic Energy Commission) announced a partnership to evaluate post-quantum cryptography (PQC) algorithms as part of the GIVERNY project, a critical step for national security as the industry prepares for the threat quantum computers pose to current encryption standards.

✅ Quantum machines chosen by the German Aerospace Center (DLR): In October 2025, Quantum Machines was selected by DLR as the control and operation system provider for its new quantum computing center, highlighting growing government and research institution investment in quantum infrastructure.

✅ Quantinuum partners with a major financial institution: In November 2025, Quantinuum announced a partnership with a leading global bank to explore quantum computing applications in complex financial modeling and risk assessment.

Market Segmentation Analysis:
-By Offering: Services Lead with Largest Share
Services hold the largest share due to on-demand quantum access via QCaaS, avoiding hardware costs and accelerating adoption across industries. Hardware follows as the foundational element for qubit scaling in superconducting, ion-trap, and photonic systems. Software supports algorithm development but trails, enabling integration with classical systems.​

-By Deployment Type: Cloud-based Dominates Accessibility
Cloud-based deployment commands the largest share, providing flexible NISQ system access without ownership, ideal for diverse users and simulators. On-premises suits secure, controlled environments but grows slower due to high costs and non-portability.​

-By Technology: Trapped Ions and Annealing Compete
Trapped ions lead for precision qubit control in scalable systems, vital for fault-tolerant computing. Quantum annealing excels in optimization tasks like logistics, while quantum dots enable compact integration. No single share dominates reports, but trapped ions gain traction for stability.​

-By Application: Optimization Holds Top Position
Optimization captures the largest share, solving complex problems in finance, logistics, and AI faster than classical methods. Simulation and data problems drive material discovery; machine learning enhances AI models; sampling aids probability tasks; others include cryptography.​

-By End-User: BFSI Secures Highest Share
Banking, Financial Services and Insurance (BFSI) leads with the largest share, using quantum for risk modeling, trading, and portfolio optimization. Aerospace & Defense follows for simulation; manufacturing for processes; healthcare for drug discovery; IT & Telecom and energy for efficiency; others grow steadily.

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Growth Drivers:
-Increasing R&D investments by governments and private sectors fuel advancements in qubit design, error correction, and scalable systems.​

-Rising demand for high-performance computing to tackle data complexity in -finance, pharmaceuticals, logistics, and materials science beyond classical limits.​

-Technological breakthroughs in hybrid quantum-classical systems, machine learning integration, and quantum-as-a-service (QaaS) models lower barriers for adoption.​

-Growing need for advanced security solutions like quantum cryptography to -protect data against emerging threats.​

-Surge in industry collaborations, open-source tools, and applications in optimization, simulation, and AI driving commercialization and market expansion.

Regional Insights:
-North America leads the quantum computing market as the largest region, driven by substantial investments from private companies like IBM, Google, and Microsoft, alongside government initiatives such as the National Quantum Initiative Act in the United States. This robust ecosystem, including universities, research institutions, and venture funding, positions the region ahead in innovation and commercialization efforts.​

-Asia Pacific follows as the fastest-growing region, with China achieving significant strides through heavy research and development investments, while Japan and India advance via government-backed initiatives and industry-academic partnerships.​

-Europe ranks third, led by countries like Germany, France, and the Netherlands, which benefit from strong industrial and academic ecosystems focused on quantum infrastructure security and public-private innovation networks.

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Key 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. | Zapata Computing Inc.

Key Highlights (Top 5 Key Players) for Quantum Computing Market:
-IBM leads in disclosed global quantum computer deal value since 2020 with 47% share, driven by high-value contracts for QPUs bundled with infrastructure.​

-D-Wave reported $18.1 million in quantum revenue for the first half of 2025, projecting a full-year range of $36-41 million.​

-Rigetti Computing captured a notable share in quantum sales volume and value amid fragmented market competition.​

-IonQ ranks among top players with strategies focused on product launches and partnerships to expand quantum market presence.​

-Google contributes significantly to the market as a major vendor, alongside efforts in quantum system advancements.

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