Quantum Computing Market is expected to reach US$ 8,788.8 million by 2031 | Major Companies - IBM Quantum, Telstra Corporation Limited, Silicon Quantum Computing, Alphabet Inc.

Market Size and Growth:

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 Quantum Computing Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Quantum Computing Market encompasses the development, commercialization, and deployment of quantum computers and related technologies. It includes hardware, software, and services that leverage quantum mechanics for advanced computation. The market is driven by demand in cryptography, drug discovery, optimization, and AI, with major growth in research institutions, technology enterprises, and government-funded quantum initiatives worldwide.

Recent Key Developments of United States:

✅ December 2025: IonQ expanded its presence by establishing a quantum computing and networking hub in Chattanooga, Tennessee through a $22 million deal, enhancing accessibility for research and commercial applications.​

✅ November 2025: Progress in fault-tolerant quantum systems advanced with key demonstrations resolving barriers to scalable computing, supporting hybrid compute integrations for enterprise use.​

✅ October 2025: The U.S. market demonstrated strong growth momentum, with revenue projections highlighting leadership in systems and services segments amid rising investments.

Recent Key Developments of Japan:

✅ December 2025: IBM and Riken unveiled the first IBM Quantum System Two deployed outside the U.S., co-located with Riken's Fugaku supercomputer to accelerate hybrid quantum-supercomputing research.​

✅ November 2025: NTT partnered with OptQC at the NTT R&D Forum to develop a 1-million qubit optical quantum computer targeting room-temperature operations and error correction by 2030.​

✅ October 2025: Japan operationalized its first fully domestically produced superconducting quantum computer, aligning with government initiatives to launch quantum industrialization in 2025.​

List of the Key Players in the Quantum Computing Market:

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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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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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