Market Overview

According to fortune business insights, the global quantum computing market size was valued at USD 1.39 billion in 2025. The market is projected to grow from USD 1.82 billion in 2026 to USD 17.89 billion by 2034, exhibiting a CAGR of 33.0% during the forecast period. North America dominated the quantum computing market with a market share of 43.88% in 2025.

The analysis shows that market growth is driven by increasing investments from both enterprises and governments to develop advanced computing capabilities. Key players are focusing on ecosystem collaboration to accelerate the commercialization of quantum technology for complex problem-solving in areas such as optimization, machine learning, and cryptography. This trend indicates strong momentum for the adoption of quantum solutions across various industries.

Major Players Profiled in the Market 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.)

Segments

High Capital Intensity to Propel Hardware Segment Dominance

Based on component, the market is divided into hardware and software. The hardware segment holds the largest market share, dominating the market owing to the high cost of developing and building quantum systems, including cryogenic systems, processor control electronics, and other essential infrastructure.

Expansion of QaaS Platforms to Drive Cloud-Based Segment Growth

By deployment, the market is categorized into cloud-based and on-premise. The cloud-based segment is leading the market, projected to grow at the highest CAGR of 36.3%, as organizations increasingly prefer to access quantum processors via the cloud ("Quantum-as-a-Service") rather than building expensive on-site infrastructure.

Hybrid Workflows to Boost Optimization Segment Growth