Quantum funding and compute progress are moving at a pace that is hard to reconcile in a single snapshot. In 2023 alone, global quantum venture capital hit $2.35 billion across 120 rounds, while the U.S. National Quantum Initiative has already put $1.2 billion into R and startups from 2018 to 2023. At the same time, IBM’s quantum cloud sits at a 40% market share with Qiskit users over 500,000 in 2024, setting up a sharp question that runs through every category from sensors to communication.
Key Takeaways
- Quantum venture capital deals totaled $2.35 billion across 120 rounds in 2023 globally
- U.S. National Quantum Initiative invested $1.2 billion from 2018-2023 in R&D and startups
- European Quantum Technologies Flagship program funded €1 billion to 2028 across 54 projects
- IBM holds 40% market share in quantum cloud services with Qiskit users over 500,000 in 2024
- IonQ leads in #AQ metric with Tempo system targeting #AQ64 by 2025, public stock IONQ
- Google Quantum AI team published 100+ papers, Sycamore/Willow chips, $1B+ investment
- The global quantum computing market size was valued at $1.16 billion in 2024 and is projected to reach $12.6 billion by 2030, growing at a CAGR of 34.6% from 2025 to 2030 driven by advancements in hardware and software
- Quantum sensors market expected to grow from $289.9 million in 2023 to $1.7 billion by 2032 at a CAGR of 21.7%, fueled by applications in healthcare and defense
- Quantum communication market projected to expand from $1.2 billion in 2024 to $10.5 billion by 2032 with a CAGR of 31.2%, due to rising cybersecurity demands
- IBM achieved 433-qubit Osprey processor in 2022, scaling to 1,121-qubit Condor by 2023
- Google Sycamore processor demonstrated quantum supremacy with 53 qubits in 2019, solving task in 200s vs supercomputer 10,000 years
- IonQ reached 32-qubit #AQ 29 system in 2021, equivalent to 29 logical qubits, via trapped ions
- Global quantum workforce estimated at 10,000 specialists in 2024, projected to 50,000 by 2030 per McKinsey
- U.S. has 40% of global quantum PhDs, with 2,000 graduates annually from NSF programs
- EU Quantum Flagship trained 5,000 researchers via €1B program since 2018
Quantum funding and breakthroughs are accelerating fast, with billions invested globally and rapid progress in computing, sensing, and communication.
Related reading
01 · Category
Investments And Funding28 stats
01
Quantum venture capital deals totaled $2.35 billion across 120 rounds in 2023 globally
02
U.S. National Quantum Initiative invested $1.2 billion from 2018-2023 in R&D and startups
03
European Quantum Technologies Flagship program funded €1 billion to 2028 across 54 projects
04
China committed $15.3 billion to quantum tech by 2025 through National Laboratory
05
Private VC funding in quantum reached $2.4 billion in 2023, up 50% from 2022, led by IonQ and Rigetti
06
Breakthrough Ventures (Alphabet) invested $100 million in SandboxAQ for quantum software in 2022
07
Quantonation fund raised €50 million for quantum deeptech startups in Europe 2023
08
IBM Quantum Network partners invested $100 million+ in joint quantum projects since 2017
09
Australian government allocated AUD 1 billion ($650 million) to quantum strategy 2023-2034
10
PsiQuantum raised $450 million Series D in 2021 from BlackRock and others for photonic quantum computing
11
Total quantum funding in Canada exceeded CAD 1 billion since 2013 via NRC and Perimeter Institute
12
Japan’s Moonshot program invests ¥100 billion ($700 million) in quantum tech by 2027
13
UK National Quantum Computing Centre received £93 million government funding in 2023
14
Xanadu raised $100 million Series C in 2022 led by Bessemer for photonic quantum
15
Quantum Machines Ltd secured $50 million in 2023 for quantum control hardware
16
South Korea invested KRW 1.2 trillion ($900 million) in quantum R&D 2024-2028
17
Riverlane raised £12 million ($15 million) Series A in 2023 for quantum error correction
18
Total M&A deals in quantum reached $1.8 billion in 2023, including Honeywell's $300m Quantinuum spinout
19
Singapore Quantum Engineering Programme funded SGD 222 million ($165 million) from 2023
20
Alice & Bob secured €30 million ($33 million) Series A in 2023 for cat qubits
21
U.S. venture funding for quantum startups hit $1.7 billion in 2023, 70% of global total
22
IQM Quantum Computers raised €128 million ($140 million) in 2022 from governments and VCs
23
India launched National Quantum Mission with INR 60 billion ($720 million) over 8 years from 2023
24
Quantinuum attracted $300 million investment from Honeywell in 2023 valuation at $5 billion
25
Total corporate investments in quantum by Big Tech exceeded $5 billion since 2015
26
Pasqal raised €100 million ($110 million) Series B in 2023 for neutral atom quantum
27
Nordic Quantum Computing raised $20 million seed in 2024
28
Global quantum corporate venture capital deals up 40% YoY to 85 in 2023
Interpretation
Investments And Funding Interpretation
In the Investments and Funding landscape, quantum capital is accelerating with $2.35 billion raised across 120 venture rounds in 2023 and private VC jumping to $2.4 billion up 50% from 2022, showing that momentum is building fast alongside large government commitments like the U.S. $1.2 billion from 2018 to 2023 and China’s $15.3 billion by 2025.
02 · Category
Key Companies And Players30 stats
01
IBM holds 40% market share in quantum cloud services with Qiskit users over 500,000 in 2024
02
IonQ leads in #AQ metric with Tempo system targeting #AQ64 by 2025, public stock IONQ
03
Google Quantum AI team published 100+ papers, Sycamore/Willow chips, $1B+ investment
04
Rigetti Computing (RGTI) deployed 84-qubit Ankaa via AWS Braket, revenue $12M 2023
05
Quantinuum (Honeywell spinout) valued $5B, H-Series trapped ions, 300+ employees
06
D-Wave Systems (QBTS) leads annealing with Advantage 5000+ qubits, $10M revenue 2023
07
PsiQuantum raised $1B+, targeting 1M qubit photonic machine by 2027, 300+ staff
08
Xanadu (Canada) photonic, Borealis 216 qubits squeezed light, $100M+ funded
09
Atom Computing neutral atoms, 1180 qubits record, $60M funded
10
QuEra (Harvard spinout) 256 qubits Aquila, $56M funded, optimization focus
11
IQM (Finland) superconducting, 20+ qubit systems live, €128M funded
12
Pasqal (France) neutral atoms, 100 qubits, €100M funded
13
Alice & Bob (France) cat qubits, €57M funded, error correction leader
14
Oxford Quantum Circuits (UK) OQC Toshiko, 8 qubits cloud, $100M funded
15
Riverlane (UK) error correction software, £40M funded, Deltaflow platform
16
Quantum Machines (Israel) OPX control hardware, $80M funded, 100+ customers
17
Nordic Quantum Computing (Denmark) monQcle simulator, $20M funded
18
SandboxAQ (Alphabet spinout) $500M funded, quantum ML software, 300 staff
19
Zapata Computing (Zapata AI) Orquestra platform, $100M funded, hybrid quantum
20
Classiq (Israel) synthesis software, $71M funded, 50+ enterprise clients
21
Q-CTRL (Australia) performance software, $166M funded, Black Opal tool
22
Strangeworks (US) quantum OS, $24M funded, 20+ hardware integrations
23
Multiverse Computing (Spain) Singularity platform, €107M funded, finance apps
24
ORCA Computing (UK) PT-1 photonic, $32M funded, quantum memory
25
Quandela (France) single photons, $50M funded, Ridotto source
26
Seeqc (US) digital control RF, $43M funded, scalable interconnects
27
Qblox (Netherlands) control systems, €28M funded, Qarmod modules
28
Bluefors (Finland) cryostats, 500+ systems sold, $200M+ revenue est.
29
FormFactor (US) cryogenic probes, quantum probing leader, $700M revenue 2023
30
Keysight (US) test equipment, quantum validation tools, $5B revenue segment
Interpretation
Key Companies And Players Interpretation
Across the key companies and players in quantum technology, momentum is clearly clustering around measurable scale such as IBM’s 40% quantum cloud market share with 500,000+ Qiskit users in 2024 and D-Wave’s Advantage with 5000+ qubits, signaling that leadership is increasingly defined by large user bases and system size as much as by novel hardware.
03 · Category
Market Size And Forecasts29 stats
01
The global quantum computing market size was valued at $1.16 billion in 2024 and is projected to reach $12.6 billion by 2030, growing at a CAGR of 34.6% from 2025 to 2030 driven by advancements in hardware and software
02
Quantum sensors market expected to grow from $289.9 million in 2023 to $1.7 billion by 2032 at a CAGR of 21.7%, fueled by applications in healthcare and defense
03
Quantum communication market projected to expand from $1.2 billion in 2024 to $10.5 billion by 2032 with a CAGR of 31.2%, due to rising cybersecurity demands
04
Overall quantum technology market anticipated to hit $5.3 billion by 2029 from $1.4 billion in 2024, at a CAGR of 30.8%, including computing, sensing, and communications
05
Quantum software market valued at $0.8 billion in 2023, expected to reach $5.2 billion by 2030 with CAGR of 30.1%, driven by algorithm development
06
North American quantum computing market share stood at 42% of global in 2023, projected to maintain dominance with growth to $4.2 billion by 2030
07
Asia-Pacific quantum tech market forecasted to grow fastest at CAGR 36.5% from 2024-2030, reaching $2.1 billion, led by China and Japan investments
08
Quantum cryptography market size estimated at $0.65 billion in 2024, projected to $4.95 billion by 2032 at CAGR 28.9%
09
European quantum flagship program has allocated €1 billion for market development, projecting €20-50 billion economic impact by 2030
10
Quantum dot display market valued at $4.8 billion in 2023, expected to reach $15.6 billion by 2030 at CAGR 18.4%
11
Global quantum computing hardware market at $0.7 billion in 2024, forecasted to $8.9 billion by 2032 with CAGR 37.2%
12
Quantum networking market projected from $0.4 billion in 2023 to $3.8 billion by 2030 at CAGR 32.8%
13
U.S. quantum information science market share 38% in 2024, expected to grow to $4.8 billion by 2028
14
Quantum annealers segment to capture 25% of quantum computing market by 2030, valued at $3.1 billion
15
Quantum simulation market from $0.2 billion in 2024 to $2.4 billion by 2032 at CAGR 35.1%
16
Commercial quantum computing services market to reach $1.5 billion by 2027 from $0.3 billion in 2023, CAGR 38.4%
17
Quantum tech in pharmaceuticals market projected $1.2 billion by 2030, CAGR 42.3% from 2024
18
Quantum cybersecurity market at $0.5 billion in 2024, to $6.2 billion by 2031, CAGR 39.7%
19
Middle East quantum market emerging at $0.1 billion in 2024, projected CAGR 45% to 2030
20
Quantum optics market valued $5.2 billion in 2023, to $12.8 billion by 2030, CAGR 13.7%
21
Latin America quantum tech adoption lagging at 5% global share in 2024, projected to $0.8 billion by 2032
22
Quantum machine learning market from $0.1 billion 2024 to $1.9 billion 2030, CAGR 52.1%
23
Hybrid quantum-classical computing market to dominate with 60% share by 2030, valued at $7.6 billion
24
Quantum tech startup valuations averaged $450 million in 2024, up 25% YoY
25
Global quantum patents filed reached 12,000 in 2023, projecting market maturity acceleration
26
Quantum cloud computing market $0.6 billion in 2024, to $10.1 billion by 2032, CAGR 42.3%
27
Africa quantum initiative market nascent at $20 million in 2024, CAGR 55% projected
28
Quantum materials market $2.1 billion 2023 to $8.4 billion 2030, CAGR 21.8%
29
Post-quantum cryptography standards market $0.3 billion 2024 to $4.2 billion 2032
Interpretation
Market Size And Forecasts Interpretation
The market size and forecasts show rapid expansion across quantum subsegments, with the global quantum computing market rising from $1.16 billion in 2024 to $12.6 billion by 2030 and the broader quantum technology market expected to reach $5.3 billion by 2029 from $1.4 billion in 2024 at a 30.8% CAGR, underscoring strong long-term growth momentum in the quantum industry.
More related reading
04 · Category
Technological Achievements30 stats
01
IBM achieved 433-qubit Osprey processor in 2022, scaling to 1,121-qubit Condor by 2023
02
Google Sycamore processor demonstrated quantum supremacy with 53 qubits in 2019, solving task in 200s vs supercomputer 10,000 years
03
IonQ reached 32-qubit #AQ 29 system in 2021, equivalent to 29 logical qubits, via trapped ions
04
Rigetti Computing launched 80-qubit Aspen-M in 2022, achieving 99% two-qubit gate fidelity
05
Quantinuum's H2 system hit 56 qubits with 99.9% single-qubit, 99.5% two-qubit fidelity in 2023
06
Oxford Quantum Circuits demonstrated 3-qubit iOQTA processor with error rates below threshold in 2023
07
PsiQuantum fabricated 1 million qubits photonic chip on 300mm wafer in 2023, milestone for scaling
08
Atom Computing scaled to 1,180 neutral atom qubits in 2023, world's largest by qubit count
09
QuEra showcased 256-qubit neutral atom processor solving optimization problems in 2023
10
Superconducting qubit coherence times exceeded 100 microseconds by MIT in 2022
11
Error-corrected logical qubit demonstrated by Google with 105 physical qubits encoding one logical in 2023
12
Chinese Jiuzhang 3.0 photonic processor achieved 255 photon Gaussian boson sampling in 2023
13
Bluefors dilution refrigerators cooled to 10 mK for 1000+ qubit systems in 2024 deployments
14
Quantum error correction below surface code threshold achieved by Harvard team with 48 logical qubits in 2023
15
Xanadu's Borealis photonic machine performed 36-photon sampling beyond classical sim in 2022
16
Two-qubit gate speeds reached 680 ns by USTC in superconducting qubits 2023
17
Topological qubit stability demonstrated by Microsoft with Majorana zero modes in 2023 research
18
1000-qubit simulator validated by IBM Eagle benchmarks in 2022
19
Quantum volume of 2^9 achieved by Honeywell in 2021 with trapped ions
20
Fermilab demonstrated quantum networking over 52 km fiber with entangled qubits 2022
21
AWS demonstrated quantum teleportation between modules in 2023
22
IQM's Starmon-5 chip integrated 5 superconducting qubits with control in 2023
23
Quantum advantage in random circuit sampling by USTC Zuchongzhi 2.1 with 113 qubits 2023
24
Single photon sources efficiency >90% by Quandela in 2023
25
Cryogenic CMOS control electronics for 1000 qubits by Intel in 2023
26
Logical qubit lifetime extended to 5x physical by Alice & Bob cat qubits 2023
27
IonQ Tempo system with 36 algorithmic qubits planned for 2025 preview in 2024
28
Pasqal's 100-qubit neutral atom processor benchmarked in 2024
29
IBM Heron r2 processor with 133 qubits, 99.9% fidelity announced 2024
30
Google Willow chip with 105 qubits surface code experiment 2024
Interpretation
Technological Achievements Interpretation
Across recent technological achievements, quantum hardware is steadily scaling from Google’s 53 qubit quantum supremacy in 2019 to systems like IBM’s 1,121 qubit Condor in 2023 while simultaneously pushing fidelity higher, such as Quantinuum’s 99.9% single qubit and 99.5% two qubit performance, showing that progress in capability is increasingly driven by both scale and improved error rates.
05 · Category
Workforce And Policy26 stats
01
Global quantum workforce estimated at 10,000 specialists in 2024, projected to 50,000 by 2030 per McKinsey
02
U.S. has 40% of global quantum PhDs, with 2,000 graduates annually from NSF programs
03
EU Quantum Flagship trained 5,000 researchers via €1B program since 2018
04
China's quantum talent pool grew to 6,000 researchers by 2023, 30% annual increase
05
Quantum Economic Development Consortium (QED-C) has 300+ members, workforce initiatives for 100,000 jobs by 2040
06
UK launched National Quantum Skills Programme targeting 10,000 workers by 2030
07
India's National Quantum Mission includes skill development for 10,000 professionals over 8 years
08
Quantum skills gap estimated at 1 million workers needed globally by 2035 per BCG
09
U.S. CHIPS Act allocates $200M for quantum workforce via NSF EPSCoR 2023
10
Australia Quantum Strategy funds 1,000 PhD scholarships worth AUD 100M
11
Canada's Quantum Valley hosts 1,500 researchers, training 500 students yearly
12
Japan MEXT quantum education budget ¥10B annually for universities since 2020
13
Singapore NUS quantum hub educates 200 masters students/year
14
South Korea Quantum Moonshot trains 2,000 experts by 2030 with KRW 100B
15
Quantum bootcamps globally trained 5,000 participants in 2023 via QWorld
16
Women represent 25% of quantum workforce, initiatives aim for 40% by 2030 per QED-C
17
Online quantum courses on Coursera/edX reached 1 million enrollments by 2024
18
U.S. DoE QIS centers employ 1,000 postdocs across 5 national labs
19
France's Plan Quantum invests €100M in education for 3,000 students by 2025
20
Germany's Quantum Technologies program funds 500 PhDs
21
Quantum certifications issued 2,000+ by IEEE Quantum Initiative 2024
22
Corporate quantum training programs by IBM/Google reached 50,000 developers 2023
23
Netherlands Quantum Delta NL workforce plan for 5,000 jobs by 2030, €750M total
24
Switzerland Innosuisse quantum grants support 300 researchers annually
25
Quantum policy frameworks adopted by 20 countries, harmonizing standards per OECD
26
DARPA Quantum Benchmarking program evaluates workforce readiness annually since 2021
Interpretation
Workforce And Policy Interpretation
Workforce and policy efforts are scaling fast as the global quantum workforce is expected to rise from about 10,000 specialists in 2024 to 50,000 by 2030, supported by major pipelines such as the EU’s 5,000 trained researchers since 2018 and the UK’s goal to upskill 10,000 workers by 2030.
report visual · Key figures
Quantum investment momentum in 2023
Quantum funding and deal activity accelerated in 2023, with global VC deals reaching $2.35B and private VC funding rising to $2.4B (+50% vs. 2022).
$2.35 billion
Quantum venture capital deals totaled $2.35 billion across 120 rounds in 2023 globally
50%
Private VC funding in quantum reached $2.4 billion in 2023, up 50% from 2022, led by IonQ and Rigetti
$1.2 billion
U.S. National Quantum Initiative invested $1.2 billion from 2018-2023 in R&D and startups
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Christopher Morgan. (2026, February 13). Quantum Industry Statistics. Gitnux. https://gitnux.org/quantum-industry-statistics
MLA
Christopher Morgan. "Quantum Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/quantum-industry-statistics.
Chicago
Christopher Morgan. 2026. "Quantum Industry Statistics." Gitnux. https://gitnux.org/quantum-industry-statistics.
Sources & references
100 datasets cited across this report · attribution is report-level
aws.amazon.com