Quantum Computing Market Insights, Size, Growth, Trends to 2026

MarketsandMarkets Presents Quantum Computing Market with COVID-19 impact by Offering (Systems and Services), Deployment (On Premises and Cloud Based), Application, Technology, End-use Industry and Region - Global Forecast to 2026

The Quantum Computing market size is expected to reach USD 1,765 million by 2026 from USD 472 million in 2021 , at a CAGR of 30.2% during the forecast period.

MarketsandMarkets Presents The early adoption of quantum computing in the banking and finance sector is expected to fuel the growth of the market globally. Other key factors contributing to the growth of the quantum computing market include rising investments by governments of different countries to carry out research and development activities related to quantum computing technology.

Several companies are focusing on the adoption of QCaaS post-COVID-19. This, in turn, is expected to contribute to the growth of the quantum computing market. However, stability and error correction issues is expected to restrain the growth of the market.

MarketsandMarkets Presents Services segment is attributed to hold the largest share of the Quantum Computing market The growth of services segment can be attributed to the increasing number of startups across the world that are investing in research and development activities related to quantum computing technology.

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This technology is used in optimization, simulation, and machine learning applications, thereby leading to optimum utilization costs and highly efficient operations in various end-use industries.

MarketsandMarkets Presents Cloud based deployment to witness the highest growth in Quantum Computing market in coming years With the development of highly powerful systems, the demand for cloud-based deployment of quantum computing systems and services is expected to increase. This, in turn, is expected to result in a significant revenue source for service providers, with users paying for access to noisy intermediate-scale quantum (NISQ) systems that can solve real-world problems.

Optimization accounted for a major share of the overall Quantum Computing market Optimization is the largest application for quantum computing and accounted for a major share of the overall Quantum Computing market. Companies such as D-Wave Systems, Cambridge Quantum Computing, QC Ware, and 1QB Information Technologies are developing quantum computing systems for optimization applications.

MarketsandMarkets Presents Trapped ions segment to witness highest CAGR of Quantum Computing market during the forecast period The trapped ions segment of the market is projected to grow at the highest CAGR during the forecast period as quantum computing systems based on trapped ions offer more stability and better connectivity than quantum computing systems based on other technologies

MarketsandMarkets Presents Banking and finance is attributed to hold major share of Quantum Computing market during the forecast period In the banking and finance end-use industry, quantum computing is used for risk modeling and trading applications. It is also used to detect the market instabilities by identifying stock market risks and optimize the trading trajectories, portfolios, and asset pricing and hedging.

APAC to witness highest growth of Quantum Computing market during the forecast period APAC region is a leading hub for several industries, including healthcare and pharmaceuticals, banking and finance, and chemicals. Countries such as China, Japan, and South Korea are the leading manufacturers of consumer electronics, including smartphones, laptops, and gaming consoles, in APAC

MarketsandMarkets Presents Key Market Players The Quantum Computing market was dominated by International Business Machines (US), DWave Systems (Canada), Microsoft (US), Amazon (US), and Rigetti Computing (US).

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