Quantum Computing Market to Expand at a CAGR of 33.0% over 2026 to 2034; Rising Investments in Quantum Technology to Push Market Growth

The global quantum computing market size stood at USD 1.39 billion in 2025. The market value is slated to rise from USD 1.82 billion in 2026 to USD 17.89 billion by 2034 at a CAGR of 33.0% during 2026-2034. Fortune Business Insights™ presents this information in its report titled “Quantum Computing Market Size, Share & Industry Analysis, By Component (Hardware and Software), By Deployment (On-premise and Cloud-Based), By Application (Machine Learning, Optimization, Biomedical Simulations, Financial Services, Cryptography, Electronic Material Discovery, and Others), By End User (Healthcare, Banking, Financial Services, and Insurance (BFSI), Automotive, Energy and Utilities, Chemical, Manufacturing, and Others), and Regional Forecast, 2026 – 2034”.

Deployed across a range of applications, quantum computing solutions allow for multi-dimensional computations and use quantum mechanics for solving problems that cannot be addressed with the help of traditional computing. An increase in investments in this technology by both government and private players is poised to favor the expansion of the industry over the coming years.

Integration of Gen AI with Quantum Solutions to Result in Enhanced Capabilities

The integration of generative AI in quantum computing solutions is anticipated to strengthen numerous capabilities such as error correction, designing of quantum algorithms, and simulation workflows. The technology is also set to enable the deployment of Quantum-as-a-Service solutions owing to enhanced accessibility of quantum resources through AI-powered platforms.

IBM to Invest USD 10 Billion to Strengthen its Quantum Capabilities

In June 2026, IBM announced plans for a USD 10 billion investment in quantum computing. Spanning areas such as ecosystem collaborations, scaling of manufacturing, research & development, the company’s roadmap toward fault-tolerant quantum computers, and mergers and acquisitions, IBM is planning to make this investment over a period of five years.

Rising Government Investments in Quantum Solutions to Foster Industry Expansion

A significant factor propelling quantum computing market growth is a surge in funding by government bodies across several nations. Governments are undertaking such initiatives for bolstering early-stage product commercialization and developing new technologies to establish domestic quantum ecosystems for national security purposes. An instance of the same is the November 2025 announcement by the U.S. Department of Energy for a funding of USD 625 million for the renewal of five National Quantum Information Science Research Centers.

However, the lack of skilled workforce to be deployed for various operational and development activities may hamper industry growth.

Major Companies Invest in Product Development and Collaborations for a Strong Standing

Leading players in the quantum computing space are investing in hybrid quantum-classical computing, quantum software development kits, quantum cloud platforms, and other technologies to cater to clientele requirements. They are also joining forces with research institutes and enterprises to consolidate their footing in the global market.

Key Players Profiled in the Report

• IBM Corporation (U.S.)
• D-Wave Systems Inc. (Canada)
• Microsoft Corporation (U.S.)
• Intel Corporation (U.S.)
• Rigetti & Co, Inc. (U.S.)
• Alphabet, Inc. (Google LLC) (U.S.)
• QC Ware (U.S.)
• Quantinuum Ltd. (U.S.)
• Riverlane (U.K.)
• IonQ (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/quantum-computing-market-104855

Key Industry Development

• February 2025: Microsoft launched the quantum processing unit Majorana 1 with an intent to support its long-term fault-tolerant quantum computing roadmap via Azure Quantum. The new unit has been designed for fitting 1 million qubits on a single chip.

Further Report Findings

• In 2025, North America bagged the largest quantum computing market share, accounting for a value of USD 0.61 billion. The robust presence of leading tech companies and government-backed research programs are bolstering the expansion of the industry in this region. In 2026, the U.S. market is anticipated to capture a valuation of USD 0.47 billion.
• A rise in the formulation of supportive government policies aimed at enhancing business development in Europe is driving the market growth in this region. This market is poised to depict a growth rate of 31.0% over 2026 to 2034.
• The Asia Pacific market is set to exhibit the highest CAGR over the analysis period given the substantial investments in quantum technology across countries such as China, South Korea, India, Japan, and Australia.

Table of Segmentation