Dublin, Sept. 18, 2026 (GLOBE NEWSWIRE) -- "Quantum Computing Market - Strategic Insights and Forecasts (2026-2031)" has been added to ResearchAndMarkets.com's offering.
Global Quantum Computing Market to Reach USD 9.9 Billion by 2031, Expanding at a 31.7% CAGR
The global quantum computing market is forecast to grow from USD 2.5 billion in 2026 to USD 9.9 billion by 2031, representing a compound annual growth rate of 31.7%. Rising demand for high-performance computing, increased public and private investment, and continued advances in quantum hardware and software are expected to support this rapid expansion.
Quantum computing is becoming an increasingly important component of next-generation digital infrastructure. Organizations are evaluating quantum technologies to address complex simulations, large-scale data analysis, advanced modeling, and optimization challenges that cannot be efficiently managed by conventional computing systems. Financial services, healthcare, pharmaceuticals, manufacturing, automotive, logistics, energy, and telecommunications are among the industries exploring commercial applications.
Quantum Computing Market Growth Drivers
Demand for greater computational power remains a central market driver. Quantum systems offer significant potential in computational chemistry, drug discovery, financial modeling, cybersecurity, artificial intelligence, machine learning, and supply chain optimization. These applications are encouraging enterprises and research institutions to invest in quantum-ready capabilities and experimental projects.
Government agencies, technology companies, academic institutions, and private investors are also increasing funding for processor development, algorithm research, precision components, workforce training, and supporting infrastructure. Public-private partnerships are helping accelerate innovation while expanding access to quantum computing resources.
Cloud-based quantum computing platforms are expected to play an important role in market development. Cloud deployment provides enterprises and research organizations with access to quantum resources without requiring substantial investment in on-premises infrastructure. This model supports experimentation, application development, and integration with existing high-performance computing environments.
Market Challenges and Adoption Barriers
Despite strong growth prospects, high implementation costs remain a major constraint. Quantum computing systems require specialized hardware, controlled operating environments, advanced components, and ongoing maintenance. These requirements may restrict adoption among smaller organizations and delay large-scale commercial deployment.
Technical complexity is another significant challenge. Developing and operating quantum hardware and software requires specialized expertise, while integration with established enterprise systems can be difficult. Reliability, scalability, and error correction also remain critical priorities for technology providers and research organizations.
Technology, Deployment, and Industry Insights
The quantum computing market is segmented by component, deployment model, application, industry vertical, and region. Components include hardware, software, and services. Hardware continues to attract substantial development activity as companies invest in quantum processors, control systems, and supporting infrastructure. Software and services are also gaining strategic importance as enterprises seek practical algorithms, development tools, consulting support, and managed access.
Applications include artificial intelligence and machine learning, computational chemistry, drug design, cybersecurity, financial modeling, simulation, and logistics optimization. Artificial intelligence and machine learning are expected to remain prominent due to their intensive computational requirements. Industry adoption spans banking, financial services and insurance, automotive, manufacturing, healthcare, IT and telecommunications, and energy.
Regional and Competitive Outlook
North America remains a significant quantum computing market due to its established research ecosystem, technology leadership, investment activity, and concentration of major industry participants. Asia Pacific is gaining momentum as governments and businesses expand technology investment and pursue quantum applications across manufacturing, communications, financial services, and scientific research.
The competitive landscape includes global technology companies, specialist quantum startups, research institutions, and cloud service providers. Market participants are focusing on processor innovation, algorithm development, quantum software frameworks, cloud-based services, and strategic partnerships. Companies capable of delivering scalable systems and integrated quantum computing platforms are expected to strengthen their competitive positions.
Key Benefits of the Quantum Computing Market Report
- Detailed analysis of market trends, customer segments, industry verticals, policies, and regional developments.
- Assessment of competitive positioning, market entry opportunities, and strategies adopted by leading participants.
- Evaluation of major market drivers, barriers, emerging technologies, and future growth trends.
- Actionable insights supporting investment planning, geographic expansion, product development, and revenue growth.
- Relevant intelligence for startups, research institutions, consultants, small and medium-sized enterprises, and global corporations.
Business Applications
Organizations use the report to support opportunity assessment, product demand forecasting, market entry planning, geographic expansion, capital investment decisions, regulatory analysis, new product development, and competitive intelligence.
Report Coverage
- Historical market data from 2021 to 2025 and forecasts from 2026 to 2031.
- Analysis of growth opportunities, market challenges, supply chain conditions, regulatory frameworks, and industry trends.
- Competitive strategies, positioning, and market share evaluation.
- Revenue forecasts across components, deployment models, applications, industries, and regions.
- Company profiles covering strategies, product portfolios, financial performance, and key developments.
The global quantum computing market is positioned for substantial long-term growth as enterprises seek advanced computational capabilities and governments prioritize strategic technology development. Continued innovation, accessible cloud platforms, and cross-industry collaboration will be critical to overcoming current technical and financial barriers while advancing commercial adoption through 2031.
Key Topics Covered:
1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
2.1. Market Overview
2.2. Market Definition
2.3. Scope of the Study
2.4. Market Segmentation
3. BUSINESS LANDSCAPE
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Porter's Five Forces Analysis
3.5. Industry Value Chain Analysis
3.6. Policies and Regulations
3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. QUANTUM COMPUTING MARKET BY COMPONENT
5.1. Introduction
5.2. Hardware
5.3. Software and Service
6. QUANTUM COMPUTING MARKET BY DEPLOYMENT
6.1. Introduction
6.2. On-Premises
6.3. Cloud-Based
7. QUANTUM COMPUTING MARKET BY APPLICATION
7.1. Introduction
7.2. Artificial Intelligence & Machine Learning
7.3. Computational Chemistry
7.4. Drug Design & Development
7.5. Cybersecurity & Cryptography
7.6. Financial Modelling
7.7. Logistics Optimisation
7.8. Others
8. QUANTUM COMPUTING MARKET BY INDUSTRY VERTICAL
8.1. Introduction
8.2. BFSI
8.3. Automotive
8.4. Manufacturing
8.5. Healthcare
8.6. IT & Telecom
8.7. Energy & Power
8.8. Others
9. QUANTUM COMPUTING MARKET BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. By Component
9.2.2. By Deployment
9.2.3. By Application
9.2.4. By Industry Vertical
9.2.5. By Country
9.2.5.1. United States
9.2.5.2. Canada
9.2.5.3. Mexico
9.3. South America
9.3.1. By Component
9.3.2. By Deployment
9.3.3. By Application
9.3.4. By Industry Vertical
9.3.5. By Country
9.3.5.1. Brazil
9.3.5.2. Argentina
9.3.5.3. Others
9.4. Europe
9.4.1. By Component
9.4.2. By Deployment
9.4.3. By Application
9.4.4. By Industry Vertical
9.4.5. By Country
9.4.5.1. United Kingdom
9.4.5.2. Germany
9.4.5.3. France
9.4.5.4. Spain
9.4.5.5. Others
9.5. Middle East & Africa
9.5.1. By Component
9.5.2. By Deployment
9.5.3. By Application
9.5.4. By Industry Vertical
9.5.5. By Country
9.5.5.1. Saudi Arabia
9.5.5.2. UAE
9.5.5.3. Others
9.6. Asia Pacific
9.6.1. By Component
9.6.2. By Deployment
9.6.3. By Application
9.6.4. By Industry Vertical
9.6.5. By Country
9.6.5.1. China
9.6.5.2. Japan
9.6.5.3. India
9.6.5.4. South Korea
9.6.5.5. Indonesia
9.6.5.6. Taiwan
9.6.5.7. Others
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Market Share Analysis
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Competitive Dashboard
11. COMPANY PROFILES
11.1. IBM
11.2. Microsoft
11.3. Quantum Computing Inc.
11.4. Intel Corporation
11.5. D-Wave Quantum Inc.
11.6. Quix Quantum BV
11.7. Alpine Quantum Technologies GmbH
11.8. ORCA Computing
11.9. Rigetti & Co, LLC.
11.10. Google LLC
11.11. Nanofiber Quantum Technologies
11.12. IQM Quantum Computers
11.13. IonQ, Inc.
12. APPENDIX
12.1. Currency
12.2. Assumptions
12.3. Base and Forecast Years Timeline
12.4. Key Benefits for the Stakeholders
12.5. Research Methodology
12.6. Abbreviations
Companies Featured
- IBM
- Microsoft
- Quantum Computing Inc.
- Intel Corporation
- D-Wave Quantum Inc.
- Quix Quantum BV
- Alpine Quantum Technologies GmbH
- ORCA Computing
- Rigetti & Co, LLC.
- Google LLC
- Nanofiber Quantum Technologies
- IQM Quantum Computers
- IonQ, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/evljo7
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