Quantum Computing is a way of performing calculations using quantum phenomena. Instead of standard bits, which can be equal to 0 or 1, Quantum Computers operate with "quantum bits" - qubits. This approach opens the way for new quantum algorithms that can solve certain problems much faster than standard computers. Industries like healthcare, telecom, and material science can all benefit from Quantum Computing applications. However, qubits are extremely fragile systems. Advanced physical technologies are required to work with them.
For now, only a few companies such as Google and IBM can afford to build Quantum Computers; however, the competitive landscape is changing with companies like ColdQuanta, D-Wave Systems, Zapata Computing, and Rigetti Computing emerging in the last decade. As a result, the Quantum Computing market is in its nascent state, but quantum technology has great potential and risks. Machine learning and artificial intelligence advances are currently highly limited by classical computing realities, such as Moore's Law. Quantum computing technologies will enable new machine learning applications, especially as the quantum computing market develops and new quantum computing companies emerge. At the same time, quantum computing will break most modern encryption and security methods. This will inevitably lead to greater adoption of new and existing quantum-proof encryption and quantum cryptography. You can find Quantum Computing Market Size, Quantum Computing Market Share by Region, and other trends and statistics below.
The chart shows the global Quantum Computing Market Size from 2017 to 2025. In 2019, the size of the global Quantum Computing Industry was $1.1B and is forecast to grow by 31% in 2020. From 2017 to 2025 the Quantum Computing Industry growth is projected to average 31% per year (CAGR). Quantum computing industry growth and market trends will likely change drastically when quantum computing companies achieve key technological breakthroughs in quantum computing hardware and quantum computing software.
The chart shows Quantum Computing Market Share by Region in 2018. The leading region in the Quantum Computing Industry was North America with 39% market share in 2018, followed by Europe with 22% market share, Asia-Pacific with 30%, and the rest of the world with 9%. View the source for this Quantum Computing Market Share by Region chart and other Quantum Computing Market statistics here.
Quantum Computing is one of the most exotic segments of modern IT. Growth is driven by an increasing need for better and quicker ways to solve complex problems from different industries. Quantum Computers, in theory, can solve certain problems several orders of magnitude faster than the best modern supercomputers. This has the potential to disrupt many industries in unpredictable ways. Many companies are excited to participate in this "race" in an attempt to show these disrupting effects in practice. This naturally leads to quick growth of the Quantum Computing Market.
Market research sources disagree intensely on the Quantum Computing Market Size, generally agree on the Quantum Computing Market Share by Region, and disagree on the Quantum Computing Growth. The cause of disagreement is due to the Quantum Computing Market still being in its nascent state and the lack of publicly available data on the market. For now Quantum Computing remains mostly a buzzword in the news, and few companies around the world are actively working to unlock the true potential behind the technology. The success of Quantum Computing strongly relies on major technological breakthroughs. For example, the recent achievement of Quantum Supremacy by Google will certainly give a boost to the market. However, the market has a strong scientific component to it which is difficult to predict. For a complete evaluation of the Quantum Computing market, T4 recommends exploring all available sources. T4 aggregated and organized the data from these sources on the T4 Industry Research Platform. See Each source's view of the Quantum Computing Market, Quantum Computing Market Size, and Quantum Computing Market Share by Region on the T4 Platform.
T4 comprehensively aggregated more than 10 reports from more than 10 publishers covering statistics and trends in the Quantum Computing Market. This includes # of Patents, Revenue by Region, Revenue by Industry Vertical, and more than 5 additional statistics. The Industry falls under T4's Servers industry coverage. Industries related to Quantum Computing in the T4 taxonomy include Quantum Encryption, High Performance Computing, and Supercomputers. You can find reports covering these industries on T4’s Platform.
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