Enterprise Quantum Computing Market Report 2025

The enterprise quantum computing market size has grown exponentially in recent years. It will grow from $3.76 billion in 2024 to $4.79 billion in 2025 at a compound annual growth rate (CAGR) of 27.6%. The growth in the historic period can be attributed to rise in investments in quantum computing technology, growth in the number of skilled professionals, development of a regulatory framework, increased international collaboration, increased climate challenges.

The enterprise quantum computing market size is expected to see exponential growth in the next few years. It will grow to $14.38 billion in 2029 at a compound annual growth rate (CAGR) of 31.6%. The growth in the forecast period can be attributed to rise in gaming, expansion of aerospace, demand in financial trading, demand for agricultural processes, increase in manufacturing processes. Major trends in the forecast period include subscription-based quantum computing, quantum AI integration, quantum-inspired optimization, artificial reality, blockchain integration.

The growing adoption of cloud computing is anticipated to drive the expansion of the enterprise quantum computing market in the future. Cloud computing refers to a framework that provides widespread, practical, on-demand network access to a pool of configurable computing resources, which can be rapidly deployed and released without the need for administration or service provider intervention. Utilizing enterprise quantum computing enables organizations to enhance investment strategies, improve encryption, discover products, and perform various other functions. For instance, according to Zippia, a U.S.-based online recruitment services company, 94% of U.S. businesses utilized cloud computing, and the cloud supported 67% of U.S. business infrastructure in 2022. Therefore, the increasing adoption of cloud computing is expected to propel the growth of the enterprise quantum computing market.

The enterprise quantum computing market is poised for growth, driven by increasing demand from the pharmaceutical sector in the coming years. The pharmaceutical sector, a vital component of the healthcare industry, is responsible for the research, development, manufacturing, and marketing of medications or pharmaceutical products. Within this sector, enterprise quantum computing is employed to accelerate drug development processes. This involves modeling molecular interactions, enhancing chemical structures, and utilizing quantum algorithms for swift analysis of massive datasets. Quantum computing facilitates the rapid discovery of drug candidates and enables more efficient and focused research efforts. As of June 2023, data from the European Federation of Pharmaceutical Industries and Associations, a Belgium-based trade organization representing the European biopharmaceutical industry, indicates that North America contributed 52.3% to global pharmaceutical revenues in 2022, with Europe accounting for 22.4%. Consequently, the increasing demand from the pharmaceutical sector is a significant driver for the growth of the enterprise quantum computing market.

Leading companies in the enterprise quantum computing market are concentrating on the development of quantum computing platforms tailored for business applications. These platforms are designed to be accessible and user-friendly, allowing organizations to create and implement quantum algorithms without needing extensive knowledge of quantum mechanics. For example, in November 2023, OQC (Oxford Quantum Circuits), a UK-based quantum computing firm, introduced OQC Toshiko, the world’s first enterprise-ready quantum platform. OQC Toshiko is engineered to provide high-performance quantum computing capabilities specifically for enterprise use. This platform boasts advanced quantum processors and a user-friendly interface, enabling organizations to easily create and implement quantum algorithms. With its robust architecture, OQC Toshiko empowers businesses to address complex challenges across multiple sectors, including finance, pharmaceuticals, and logistics. Furthermore, the platform supports hybrid quantum-classical computing, ensuring smooth integration with existing IT infrastructures.

Major players in the enterprise quantum computing market are strategically focusing on collaborations to expand the quantum computing market in Japan and the Asia-Pacific region. Strategic collaboration involves formal or informal agreements between two or more parties working together towards a common goal for mutual benefit. As an example, in October 2022, Mitsui & Co., Ltd., a Japan-based company dedicated to digitalization, announced a collaboration with Quantinuum, a UK-based company formed through the merger of Honeywell Quantum Solutions and Cambridge Quantum. This collaboration aims to build quantum applications and provide value-added services to enterprises operating in various quantum computing fields. The partnership leverages Quantinuum's innovative quantum computing expertise and diverse talent pool, integrating it with Mitsui's extensive business platform and network. The goal is to deliver new value to clients and generate business opportunities across a wide range of industrial domains.

In May 2022, ColdQuanta, a US-based quantum technology company, made an undisclosed acquisition of Super.tech. This strategic move positions ColdQuanta as a multi-platform quantum hardware and software company. Super.tech, a US-based developer, specializes in quantum software applications designed to accelerate quantum computing by bridging the gap between applications and hardware.

Major companies operating in the enterprise quantum computing market include Huawei Technologies Co. Ltd., Google LLC, Microsoft Corp., Alibaba Group Holding Limited, Amazon Web Services Inc., Lockheed Martin Corp., IBM Corporation, Deloitte Touche Tohmatsu Limited, KPMG International Cooperative, NXP Semiconductors NV., Booz Allen Hamilton Corp., Reply S.p.A, Honeywell Quantum Solutions, Quantum Technology, PsiQuantum Inc., D-Wave Systems Inc., 1QBit Information Technologies Inc., Terra Quantum AG, Zapata Computing Inc., Rigetti Computing Inc., IonQ Inc., Classiq Technologies Inc., Phasecraft Ltd., Cambridge Quantum Computing, Xanadu Quantum Technologies Inc., Aegiq Inc., QuantrolOx Ltd., QMWare Inc., Archer Materials Limited.

North America was the largest region in the enterprise quantum computing market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise quantum computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the enterprise quantum computing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Enterprise quantum computing is a field of research focused on developing computer-based technologies based on the principles of quantum theory.

Enterprise quantum computing comprises three main components: hardware, software, and services. Hardware encompasses the physical elements or delivery methods of the computer, responsible for storing and executing instructions provided by the software. Quantum computing hardware can be deployed through various modes such as on-premise and in the cloud. It utilizes technologies such as quantum annealing, superconducting, trapped ions, quantum dots, among others. These hardware technologies find applications in machine learning, deep learning, optimization, simulation and data modeling, cybersecurity, and other fields. The use of enterprise quantum computing is prevalent across various industry verticals, including healthcare and life sciences, IT and telecom, manufacturing, BFSI, utilities, aerospace and defense, among others.

The enterprise quantum computing market research report is one of a series of new reports that provides enterprise quantum computing market statistics, including enterprise quantum computing industry global market size, regional shares, competitors with an enterprise quantum computing market share, detailed enterprise quantum computing market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise quantum computing industry. This enterprise quantum computing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The enterprise quantum computing market includes revenues earned by entities by analyzing datasets, solving optimization problems, and simulating complex models. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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