GITNUX MARKETDATA REPORT 2024

Quantum Computing Industry Statistics [Fresh Research]

Highlights: The Most Important Quantum Computing Industry Statistics

  • By 2025, the Quantum Computing market is expected to reach an estimated value of $1,765 million.
  • Microsoft, IBM, and Google are among the top players in the Quantum Computing industry.
  • Spending on Quantum Computing systems and services by end-users is projected to surge from $830 million in 2024 to $8 billion in 2027.
  • By 2029, the Quantum Computing market is projected to grow at a 56% CAGR (Compound Annual Growth Rate).
  • The United States is the largest shareholder in the Quantum Computing market with 50% share.
  • Quantum Computing could create value of up to $850 billion in the next two decades.
  • Europe and Asia-Pacific are expected to witness a significant growth in Quantum Computing market with CAGRs of 27.6% and 29.4% respectively.
  • China dominates in terms of patent filings for Quantum Computing applications, filing over 492 patents.
  • The Chinese government has invested $10 billion into a national quantum research lab.
  • Quantum Computing market in India is expected to grow at a CAGR of 33.9% during 2020-2025.
  • From 2015 to 2020, quantum technology companies raised over $1 billion in venture capital funding.
  • South Korea aims to operate a 128-qubit quantum computer by 2024.
  • The US government has invested over $1.2 billion into quantum research through the National Quantum Initiative Act.
  • By 2024, the semiconductor industry could potentially reap up to $2 billion in revenue from products enabled by quantum computing technologies.
  • In 2021, IBM revealed its quantum development roadmap, aiming to reach 1,121 qubits by 2023.
  • In 2020, private investments into quantum computing hit an all-time high of $845 million.

Table of Contents

In the rapidly-evolving tech universe, quantum computing is emerging as a cutting-edge frontier, offering exceptional potential and unexplored opportunities. Its disruptive capabilities promise to redefine industries and create new paradigms in technology and business. Welcome to our incisive blog post, where we delve into the fascinating world of quantum computing through a numerical lens. We present comprehensive industry statistics, growth trends, market predictions, leading contributors, and the potential impact of quantum computing on diverse fields. Whether you’re a seasoned tech enthusiast or a curious newcomer, this exploration of quantum computing statistics promises to be an enlightening journey into the heart of tomorrow’s technology, today.

The Latest Quantum Computing Industry Statistics Unveiled

By 2025, the Quantum Computing market is expected to reach an estimated value of $1,765 million.

This anticipated rise to $1,765 million demonstrates the increasing global momentum and interest in Quantum Computing. Highlighting the statistic in the blog post on Quantum Computing Industry Statistics provides a compelling snapshot of the industry’s potential. This forecast helps readers envision the extent of the opportunities available in this burgeoning field, giving them a taste of the transformational impact Quantum Computing is expected to have in the years to come. It also signifies the investment, research intensity and technological advancements that the sector is forecasted to undergo, capturing the attention of entrepreneurs, investors and technologists alike.

Microsoft, IBM, and Google are among the top players in the Quantum Computing industry.

Highlighting the involvement of reputed technology giants like Microsoft, IBM, and Google in the Quantum Computing industry underscores their recognition of the immense potential and future of Quantum Computing. These companies not only pioneer technological advancements, but also shape market trends. Their substantial investment and engagement is a powerful testament to the growing traction and probable disruptive impact Quantum Computing may have on various sectors. In a blog post discussing industry statistics, this reference serves as a compelling indicator of the industry’s advancement and heightened commercial interest. Such powerful endorsements often inspire confidence among potential investors, innovators and stakeholders, signifying a promising future for the Quantum Computing industry.

Spending on Quantum Computing systems and services by end-users is projected to surge from $830 million in 2024 to $8 billion in 2027.

The projected financial leap in Quantum Computing expenditure—from a notable $830 million in 2024 to a staggering $8 billion just three years later in 2027—is an unequivocal demonstration of a dynamic that cannot be ignored. This prediction highlights not only the explosive growth in the sector but also the escalating demand and willingness from end-users to invest significantly in Quantum Computing systems and services. It paints a clear picture of the Quantum Computing industry’s burgeoning potential and underscores its role as a powerful mover and shaker in the future of technology. Plus, it lends credence to the notion that quantum technology is more than just a theoretical concept—it’s fast becoming an intriguing and lucrative reality.

By 2029, the Quantum Computing market is projected to grow at a 56% CAGR (Compound Annual Growth Rate).

Envisioning the colossal growth potential of Quantum Computing, it’s compelling to spotlight that by 2029, a staggering 56% Compound Annual Growth Rate (CAGR) is projected for this market. Amidst the sea of statistics, this one stands out like a lighthouse, illuminating the enormous scope for development and acceleration in this industry. CAGR indicates a steady and significant ascension, underscoring a trajectory not to be ignored. As such, investors, entrepreneurs, and technology enthusiasts alike may find in this insightful projection, a navigational chart plotting a course towards a future thickly populated by quantum computing – a strong echo of the industry’s vibrant untapped potential and a testament to its forthcoming impact on our world.

The United States is the largest shareholder in the Quantum Computing market with 50% share.

In the dynamic sphere of the Quantum Computing Industry, pulling back the curtain reveals a compelling scene where the United States takes center stage, owning 50% of the global share. This dominant role not only corroborates the country’s heightened interest and significant investment in this cutting-edge technology, but it also underlines its leading position in dictating its future. Meticulous examination of this data provides a powerful illustration of how the United States’ influence could theoretically guide market trends, predict technological advancements, and manipulate key sectors where Quantum Computing could have profound implications – be it finance, healthcare or national security. Now isn’t that an intriguing piece of the puzzle to ponder on?

Quantum Computing could create value of up to $850 billion in the next two decades.

In navigating the exhilarating terrain of the Quantum Computing industry, the staggering possibility of creating value up to $850 billion in the next two decades serves as a captivating lighthouse. It paints a vivid picture of the phenomenal economic potential this sector holds. This isn’t just about those entrenched in the tech industry, but a clarion call to investors, economists, and visionaries alike. The data propels us to reimagine the canvas of future economies, making the blog post an essential roadmap to the transformative capabilities promised by Quantum Computing. Grounded in formidable statistical integrity, it crystallizes the colossal wave of change approaching, making this piece an indispensable compass in the Quantum Computing odyssey.

Europe and Asia-Pacific are expected to witness a significant growth in Quantum Computing market with CAGRs of 27.6% and 29.4% respectively.

Delving into the fascinating realm of Quantum Computing Industry statistics, this revelation garners particular attention – Europe and Asia-Pacific are preparing their chess boards for a high stakes game, with predictions of massive upturn in their Quantum Computing markets, boasting CAGRs of 27.6% and 29.4% respectively.

More than mere numbers, these soaring CAGRs amplify the potential that these geographical areas possess: a canvas filled with opportunities for investors to paint upon, entrepreneurs to innovate and governments to foster technological advances. This dynamism in the Europe and Asia-Pacific markets not only indicates robust expansion but exemplifies how ambitious, forward-thinking policies and investments in Quantum Computing are bearing fruit.

Moreover, this growth is indicative of the transformative shift in the global economy. Industries across these regions, be it finance, healthcare, defense or artificial intelligence, are embracing Quantum Computing to unpick complex problems, making this statistic a signpost for the radical changes Quantum Computing is bringing to the world stage.

Concluding, this progressive statistic sets down a thrilling anticipation, a forecast of a future where European and Asia-Pacific markets have profoundly harnessed the power of Quantum Computing, thereby showcasing a prospering industry in these regions.

China dominates in terms of patent filings for Quantum Computing applications, filing over 492 patents.

Highlighted among quantum computing industry statistics dwells a fascinating revelation – China’s dominant role illustrated by an impressive tally of over 492 patent filings for Quantum Computing applications. This captivates interest for several compelling reasons.

First, it accentuates China’s strategic focus on pioneering advancements in a cutting-edge technology forefront like Quantum Computing. Their competitive edge is brought to light not only attributing to their proficient R&D capabilities but also their profound grasp on this enigmatic technology.

Secondly, the substantial volume of patents denotes the dynamism of China’s Quantum Computing industry exhibiting the concentration of ideas, innovation, and potential breakthroughs. It indicates the degree of experimentation, revealing that China is pushing its boundaries in Quantum tech with intent on building a technologically resilient future.

Finally, in an increasingly techno-competitive global landscape, this statistic underscores China’s key contribution to the evolution of Quantum Computing. It paints an intriguing picture for stakeholders – where the quantum market might be heading, their future roles, and strategic adjustments required to keep pace with such rapid advancements.

The Chinese government has invested $10 billion into a national quantum research lab.

The staggering $10 billion investment made by the Chinese government into a national quantum research lab stands as a towering monument to the potential and global valuation of the Quantum Computing industry. This financial commitment, awe-inspiring in its magnitude, is a powerful statement of intent and a signal of China’s determination to be at the forefront of this cutting-edge technology.

This prodigious investment embodies the escalating importance and competitive rush to master Quantum Computing, demonstrating to the world that it is not merely a theoretical concept but, indeed, the new reality of scientific evolution. This unambiguous indicator of the scale of long-term planning, funding, and market potential for Quantum Computing, serves as a solid marker for where the expectations for the industry’s future should be set.

Quantum Computing market in India is expected to grow at a CAGR of 33.9% during 2020-2025.

Highlighting the statistic of Quantum Computing market in India growing at a CAGR of 33.9% from 2020-2025 truly underscores the rapid acceleration and general buzz surrounding this emerging technology sector. Nestled within the burgeoning quantum computing arena, India’s impressive growth trajectory serves as a testament to the worldwide embrace and intriguing potential of this technology. It’s like watching a star in its nascent stage, growing brighter and more significant each year.

By focusing on these figures in a blog post about Quantum Computing Industry Statistics, it allows readers to grasp the magnitude of growth and investment flowing into this sector, especially in the context of developing nations like India. Furthermore, it points to the expanding web of opportunities for businesses, investors, and innovators. In essence, this growth rate isn’t just a number – it is the pulse of a nascent industry, indicating its health, vigor, and the pace at which it is reshaping the technological landscape of the future.

From 2015 to 2020, quantum technology companies raised over $1 billion in venture capital funding.

This robust influx of over $1 billion in venture capital funding for quantum technology firms between 2015 and 2020 provides a vivid illustration of the burgeoning interest and belief in the transformative potential of the quantum computing industry. This significant financial backing firmly underscores the escalating trajectory of the quantum realm, manifesting the high-stakes confidence of venture capitalists in the capabilities of these technologies. This financial snapshot serves as a potent testament to the fact that the quantum computing industry is not a far-off fantasy but a buzzing hive of innovation and investment. Furthermore, this striking uptick in support illuminates the industry’s pivotal role in accelerating the pace of scientific and technological advancements in the 21st century.

South Korea aims to operate a 128-qubit quantum computer by 2024.

Harnessing the unbridled power of quantum technology, South Korea’s ambitious goal of operating a 128-qubit quantum computer by 2024 illuminates exciting prospects for the future of quantum computing industry. This ambitious milestone serves as a testament to a quantum surge in technological advancement globally and offers a slice of the exponential growth the industry anticipates. It positions South Korea at the vanguard of nations embracing this game-changing innovation, suggesting a rising competitive landscape in the quantum computing industry. Such a statistic underpins a profound shift in global technological race paving the way for cutting-edge applications in many fields. Overall, it paints a vibrant picture of a quantum future that’s closer than one might think.

The US government has invested over $1.2 billion into quantum research through the National Quantum Initiative Act.

Drawing a spotlight on the staggering $1.2 billion investment by the US government towards quantum research underlies the colossal importance that quantum computing holds in the upcoming technology landscape. It underscores the mammoth stakes at play, making it clear that the US sees this field as a cornerstone of future tech innovation and national security. Moreover, it accentuates the substantial momentum behind quantum computing research, an industry poised to redefine boundaries of computation, data security, and complex problem-solving. Imbued in this funding figure is a strong signal of the transformative potential of quantum computing, a compelling reason for stakeholders to join, invest, or pay attention to the unfolding quantum revolution.

By 2024, the semiconductor industry could potentially reap up to $2 billion in revenue from products enabled by quantum computing technologies.

Diving deep into the realm of quantum computing reveals an enticing prospect that could revolutionize the semiconductor industry. Forecasted revenues of up to $2 billion by 2024 serves as a testament to the burgeoning potential of quantum computing technologies, infusing a fresh pulse into the industry. In the mosaic of quantum computing industry statistics, this figure paints a vibrant stroke, signaling a transformative business opportunity. It not only underscores the mounting momentum towards adopting quantum technologies but also elucidates the economic ramifications rippling through adjacent sectors like the semiconductor industry. Thus, this statistic is a beacon, guiding investors, policymakers, and stakeholders to the shores of a prosperous era shaped by quantum computing technologies.

In 2021, IBM revealed its quantum development roadmap, aiming to reach 1,121 qubits by 2023.

The unveiling of IBM’s ambitious quantum development roadmap in 2021, with its goal to achieve 1,121 qubits by 2023, stands out as a shining beacon in the world of Quantum Computing industry statistics. It acts as a testament to the titanic strides that are being made in quantum technology, an industry that promises to revolutionize computing as we know it. This highlight not only underscores IBM’s commitment to be at the forefront of quantum research, but it also offers a glimpse into the acceleration of technological advancements that we can expect in the near future. These developments will potentially have far-reaching implications for industries such as cryptography, healthcare, financial services, and many more, reiterating the vital role quantum computing is set to play in our lives.

In 2020, private investments into quantum computing hit an all-time high of $845 million.

Illuminating the magnitude of private capital flowing into the quantum computing arena in 2020, the notable elevation of investment to a record-breaking $845 million spotlights the escalating enthusiasm and confidence in this cutting-edge technology. This unprecedented financial commitment underscores a significant turning point for the quantum computing industry, demarcating an era of vigorous growth and relentless advancements. Resonating further, this robust surge hints at the promising prospects of quantum solutions and their potential to catalyze seismic shifts across myriad sectors. The intensity of this monetary inflow not only amplifies the trust investors have in this technology’s viability but also propels the quantum computing industry into a higher orbit of innovation and implementation.

The global quantum computing for enterprise market is forecasted to reach $13.8 billion by 2030, exhibiting a CAGR of 30.0% during the forecast period (2021–2030).

Undoubtedly, the number speaks volumes about the anticipated skyrocketing growth in the field of Quantum Computing for the enterprise market. By projecting a market value of $13.8 billion by 2030, it emphasizes the tremendous surge in investment and interest in quantum technology. What’s more, the impressive CAGR of 30.0% during the forecast period (2021–2030) underlines the rapidity of this growth. When discussing the Quantum Computing industry statistics, such figures act as robust indicators of the sector’s potential and profitability, substantiating the narrative of Quantum Computing as a prime area for both technological advancement and economic investment.

Conclusion

Quantum Computing Industry Statistics vividly demonstrate an energetic, emergent sector of innovation and immense potential for the future. The penetration of quantum computing in various industries such as healthcare, finance, defense and more, is a clear indicator of its increasing relevance. The continuous investments from well-established corporations in this field signify their belief in the transformative potential of quantum computing. There is no denying that we are at the dawn of a new technological era where quantum computers will revolutionize problem-solving and data processing. Nevertheless, there are challenges ahead. The industry needs to harness the power of quantum computing effectively while ensuring data security and overcoming the technical knots. The way forward will demand persistent research, and the nimble navigation of regulatory frameworks. Quantum computing is not just a fleeting trend – it’s an industry that’s here to stay, and its statistics speak volumes about its potential global impact.

References

0. – https://www.www.researchandmarkets.com

1. – https://www.www.nature.com

2. – https://www.www.reportlinker.com

3. – https://www.www.techrepublic.com

4. – https://www.www.psmarketresearch.com

5. – https://www.www.ibm.com

6. – https://www.www.semanticscholar.org

7. – https://www.www.mckinsey.com

8. – https://www.www.quantaneo.com

9. – https://www.blog.technavio.com

10. – https://www.newsroom.ibm.com

11. – https://www.www.insidequantumtechnology.com

12. – https://www.www.prnewswire.com

13. – https://www.www.cnbctv18.com

14. – https://www.asianews.network

15. – https://www.aithority.com

16. – https://www.www.6wresearch.com

FAQs

What is Quantum Computing?

Quantum computing is an area of computing focused on developing computer-based technologies centered around the principles of quantum theory, which explains the nature and behavior of energy and matter at the quantum level. Quantum computers use quantum bits, or 'qubits', which can exist in multiple states at once, providing them with exponentially more computing power.

How does Quantum Computing compare to Classical Computing?

In classical computing, data is encoded into binary digits (bits), each of which can be in one of two definite states, 0 or 1. Quantum computation uses quantum bits (qubits), which can be in superpositions of states, and quantum gates for operations. This allows quantum computers to process a higher number of data possibilities than classical computers.

What are some potential applications of Quantum Computing?

Quantum Computing has numerous potential applications. It could revolutionize the fields of drug discovery and materials science by helping to simulate and understand complex molecules. It can be applied in cryptography, to break existing codes and create unbreakable codes. Other potential applications include complex optimization problems, and quantum machine learning.

Who are some of the key players in the Quantum Computing industry?

Some key players in the Quantum Computing industry include IBM, which offers cloud-based quantum computing services; Google, with their Quantum AI team; and Microsoft, which offers a full-stack approach with their Azure Quantum. Other notable companies include D-Wave Systems, Quantum Circuits, Inc., and Rigetti Computing.

What are the challenges in Quantum Computing industry?

Some of the major challenges in the Quantum Computing industry include the difficulty of maintaining 'quantum state' as qubits are often unstable, creating difficulty in building stable quantum computers; the high cost of development and maintenance; and a lack of skilled quantum programmers. Also, quantum computing is still in the nascent stage with profound implications not fully understood, thus ethical, legal, and security issues also play a big hurdle.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

Table of Contents