Quantum Computing Market - Forecasts from 2025 to 2030

The Quantum Computing market is estimated at US$1.79 billion in 2025 and is expected to grow at a CAGR of 31.64% to attain US$7.08 billion by 2030.

The application of Quantum theory in computer science is known as quantum computing. It is related to the idea of using subatomic particles, such as electrons or photons. It all falls under quantum computing. Armed with these quantum bits, or qubits, the particles could vary in two states at once. Conventional computers use a binary operation of electric signals to represent information in terms of bits (1 and 0). This limits the amount of information that can be processed by them as compared to quantum computing.

Moreover, quantum computing can separate the potential solutions from the challenging problems, and reduce everything to a manageable power. Additionally, they have a major role in diverse industries from security to banking, military intelligence, drug discovery, aircraft designs, utilities (nuclear fusion), polymer design, and machine learning processes; merging artificial intelligence responding triggers big data search & digital manufacturing. They could be used to enhance encrypted information transfer or for better missile/airplane recognition by radars.

Additionally, the quantum computing market will experience expansion during the forecasted period due to various variables including the government investing in quantum technologies by providing subsidies as well as collaborating with private organizations and corporations. Additionally, the advanced quantum technologies used in large-scale optimization are also rising for multiple sectors for faster quantum algorithm performance results.

Quantum computing market drivers

Government investments and partnerships with private companies aimed at digitization support.

Governments around the world recognize the vital significance of quantum innovation, which has the potential to revolutionize different businesses. Major ventures are being made in quantum research and advancement, supporting the improvement of new equipment, programs, and algorithms. Government initiatives have been set up to cultivate advancement and maintain innovative administration. Collaborations between governments and private companies can quicken the improvement and commercialization of quantum computing applications. Governments are given subsidizing, infrastructure, and expertise, whereas private companies contribute their innovative capabilities and market information.

Moreover, governments are spending majorly on quantum computing innovation, which reflects the growing demand for the technology. For instance, in November 2022, The German Aerospace Center (DLR) called for proposals for the improvement of quantum computing with solid-state spins. The initiative focuses on constructing models of quantum computers over four years. The primary sub-project aimed at a transportable demonstrator for preparation was aimed to be completed by 2023. The second sub-project was to create and construct a model of a quantum processor based on solid-state spins. The framework is extended to 50 qubits or more over several phases. The venture, which ran for three and a half years, focused on progressing quantum innovation and digitalization.

Additionally, the Union Cabinet announced the approval of the National Quantum Mission (NQM) on 19th April 2023, costing Rs. 6,003.65 crore from 2023-24 to 2030-31. The mission objective is to propel scientific and mechanical R&D, make a dynamic QT environment, and quicken QT-led economic development. The mission focuses on creating intermediate-scale quantum computers with 50-1,000 physical qubits in 8 years utilizing stages like superconducting and photonic innovation.

This could also lead to better quality computing solutions getting developed due to more strategic collaborations happening by major players and organizations. As an example of this, a high-level team from Finland visited the Centre for Development of Advanced Computing (C-DAC), Pune in December 2022 to explore potential areas and opportunities for bilateral cooperation in the following thematic segments on quantum technologies, HPC-quantum integration, and applications.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
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The Quantum computing market is segmented and analyzed as follows:

By Component

• Hardware
• Software and Service

By Deployment

• On-Premises
• Cloud-Based

By Industry Vertical

• BFSI
• Automotive
• Manufacturing
• Healthcare
• IT & Telecom
• Energy & Power
• Others

By Applications

• Artificial Intelligence & Machine Learning
• Computational Chemistry
• Drug Design & Development
• Cybersecurity & Cryptography
• Financial Modelling
• Logistics Optimisation
• Others

By Geography

• North America
• South America
• Europe
• Middle East and Africa
• Asia-Pacific