Quantum Computing MarketSize, Share & Industry Analysis, 2026-2034By TypeBy ApplicationBy TechnologyBy Deployment ModelBy End User

Quantum computing systems process information using qubits that exploit superposition and entanglement to solve certain classes of computational problems faster than classical processors on the same task. The market covers physical quantum processing hardware, the control and programming software layered on top of it, and the consulting, integration and cloud-access services that let an organization run workloads without owning the machine itself. Buyers include government research agencies, national laboratories, universities and large enterprises in sectors such as pharmaceuticals, finance and chemicals that are testing quantum algorithms against optimization, simulation and cryptography problems.

USD 1.45 billion of revenue was recorded in the global quantum computing market in 2025. By 2034 the figure reaches USD 14.55 billion, a compound annual growth rate of 28.98% through the forecast period, along a series that runs USD 0.46 billion in 2020, USD 1.19 billion in 2024, USD 1.9 billion in 2026 and USD 5.95 billion in 2030.

On the type axis, growth rates run from 26.34% for Hardware up to 33.35% for Software. Hardware carries the volume: USD 0.77 billion and 53.1% of revenue in 2025, USD 6.36 billion and 43.7% in 2034. Share moves toward Software and Services and away from Hardware, though no line shrinks in revenue terms.

Cut by application, the largest line is Defense: 31% of 2025 revenue, worth USD 0.45 billion, and 22% at USD 3.2 billion by 2034. Energy & power grows faster at 31.8% against 24.35%, moving from 10.3% of revenue to 12.4% by 2034. Both this axis and the type one divide the same revenue, which is why they are alternative views, not components.

North America is the largest region at 48.3% of 2025 revenue, worth USD 0.7 billion and reaching USD 6.25 billion by 2034. Europe follows at 22.8%, moving from USD 0.33 billion to USD 3.06 billion, and Latin America is the smallest at 2.8%. Share shifts toward Asia Pacific, Latin America and Middle East and Africa over the forecast period, so the regional split repays a close reading.

Coverage extends to five regions, three type lines and five segmentation axes over the full fifteen years. The 2025 total itself is arrived at by triangulating published aggregates against category proxies, not by an independent count, and the splits below are estimated on that same basis, a bound on their precision worth carrying into any use of them.

• A forecast-period rate of 28.98% takes the market from USD 1.45 billion in 2025 to USD 14.55 billion in 2034, against 25.81% recorded over the 2020-2025 historical period.
• The largest line by type is Hardware, worth USD 0.77 billion and 53.1% of revenue in 2025, rising to USD 6.36 billion and 43.7% by 2034.
• At 33.35%, Software grows faster than any other type line, moving from USD 0.37 billion and 25.5% of revenue in 2025 to USD 5 billion and 34.4% in 2034.
• The bull case puts 2034 revenue at USD 17.31 billion and the bear case at USD 11.79 billion, either side of the USD 14.55 billion base case, each with its own stated assumption in the full report.
• 48.3% of 2025 revenue is generated in North America, worth USD 0.7 billion and rising to USD 6.25 billion by 2034; Latin America is smallest at 2.8%.
• Within North America, the United States is the worked country example, at USD 0.62 billion in 2025; 88.6% of regional revenue in the base year, and USD 5.31 billion by 2034.
• Fifteen years are reported, 2020 to 2034 with 2025 as the base: revenue, share and growth rate per line, per axis and per region, not as a single blended series.

Three movements define the forecast period in the global quantum computing market: how the type mix changes, where regional weight shifts, and the rate at which the total compounds.

The direction of the market is not in question in any of the three. Each line and each region grows in revenue terms; what separates them is which takes the larger part of the growth.

The type mix tilts toward Software. The widest spread on the type axis is between Software at 33.35% and Hardware at 26.34%. By 2034 the two sit at 34.4% and 43.7% of revenue, against 25.5% and 53.1% in 2025. The revenue figures behind that are USD 0.37 billion to USD 5 billion and USD 0.77 billion to USD 6.36 billion. Both expand; where a supplier sits on the axis still decides whether it tracks the market.

Asia Pacific, Latin America and Middle East and Africa gain regional share. Asia Pacific moves from 22.1% of revenue in 2025 to 28% in 2034, worth USD 0.32 billion rising to USD 4.07 billion; Latin America moves from 2.8% of revenue in 2025 to 3% in 2034, worth USD 0.04 billion rising to USD 0.44 billion; Middle East and Africa moves from 4.1% of revenue in 2025 to 5% in 2034, worth USD 0.06 billion rising to USD 0.73 billion. The remaining regions grow in absolute terms while giving up share: North America at 48.3% moving to 43%, Europe at 22.8% moving to 21%. Revenue added in this market is therefore concentrating geographically instead of spreading evenly, and a participant weighted toward a share-losing region grows more slowly than the market even while its own revenue climbs.

A continuation, not an inflection. The market moves through USD 0.46 billion in 2020, USD 1.19 billion in 2024, USD 1.45 billion in 2025, USD 1.9 billion in 2026, USD 5.95 billion in 2030 and USD 14.55 billion in 2034. There is no discontinuity to time, and 28.98% forecast growth against 25.81% historical means the trend continues and does not turn. For a participant that makes planning a question of capturing a share of steady expansion instead of timing a discontinuity, and it is why the type and regional mixes matter more to a forecast than the headline rate does.

Software adds the most incremental growth

Separate the 28.98% into its parts and three show up: an already-large base compounding, the type mix moving toward its faster lines, and regional growth landing unevenly.

Downside case: USD 11.79 billion by 2034, against USD 14.55 billion in the base case

Upside case: USD 17.31 billion by 2034

Concentration on the type axis

In North America, 48.3% of global revenue puts 2025 at USD 0.7 billion rising to USD 6.25 billion in 2034. Among the five regions it ranks first by revenue in both years.

43% of global revenue sits here in 2034, below the 2025 level, while nothing contracts here; other regions simply grow faster, which shows up as relative weight, not as falling revenue.

The type mix reported at global level applies here, with Hardware the largest line at 53.1% of 2025 revenue and Software the fastest-growing at 33.35%. Per-axis and per-country detail for North America sits in the full report.

The United States is the largest market within North America, generating USD 0.62 billion in 2025 and projected to reach USD 5.31 billion by 2034. At 88.6% of regional revenue in the base year it is not one market among several, the region's trajectory is largely this country's trajectory. Against regional totals of USD 0.7 billion in 2025 and USD 6.25 billion in 2034, it is the country the full report breaks out in detail.

Composition here matches the global split: the largest line is Hardware at 53.1% of 2025 revenue, easing to 43.7% by 2034, and the fastest is Software at 33.35%, from 25.5% to 34.4%. Since 88.6% of North America's revenue is generated here, the regional numbers inherit this market's mix instead of smoothing it out. The United States carries its own type breakdown in the full report.

Quantum computing hardware and related technical data fall under the Bureau of Industry and Security's Export Administration Regulations, since the Department of Commerce added quantum computing and related cryogenic and control-electronics items to the Commerce Control List as dual-use technology. A supplier must classify each system against the relevant Export Control Classification Number and secure a licence before shipping to restricted destinations or foreign nationals from certain countries within domestic facilities. The National Institute of Standards and Technology separately sets the post-quantum cryptographic standards that downstream software and communications vendors are expected to adopt. No dedicated product-safety regime exists specifically for quantum processors; general electronics and laboratory-equipment standards still apply.

In the United States the field is D-Wave Systems, Google, IBM, Intel, Microsoft, 1QB Information Technologies, Anyon Systems, Cambridge Quantum Computing, ID Quantique, IonQ, QbitLogic, QC Ware, Quantum Circuits, Qubitekk, QxBranch and Rigetti Computing.. Volume sits in Hardware at 53.1% of 2025 revenue; movement sits in Software at 33.35% growth. The full report covers country-level positioning and shares company by company; this summary does not.

Within North America, Canada accounts for 11.4% of regional revenue and 5.5% of the global total, worth USD 0.08 billion in 2025 and USD 0.94 billion by 2034.

Europe holds 22.8% of the global quantum computing market in 2025, worth USD 0.33 billion and reaches USD 3.06 billion by 2034. It is a leading region on this axis, second by revenue throughout the period.

Share settles at 21% in 2034, while nothing contracts here; other regions simply grow faster, which shows up as relative weight, not as falling revenue.

Segment composition follows the global pattern: Hardware largest at 53.1% of 2025 revenue, Software fastest at 33.35%. Per-axis and per-country detail for Europe sits in the full report.

The United Kingdom is the largest market within Europe, generating USD 0.14 billion in 2025 and projected to reach USD 1.3 billion by 2034. Its 42.4% of base-year regional revenue leads the region, though enough sits elsewhere that Europe is not a proxy for it. Set against USD 0.33 billion and USD 3.06 billion for the region, it is why this market, and not a smaller one, is the one reported in full.

the United Kingdom buys along the same lines as the market globally; Hardware first at 53.1% of 2025 revenue and 43.7% in 2034, Software fastest at 33.35% on a share moving from 25.5% to 34.4%. Because the country carries 42.4% of Europe, a movement in its own mix shows up in the regional totals instead of being averaged away by neighbouring markets. The full report reports the United Kingdom by type separately.

United Kingdom exports of quantum computing systems and associated technical know-how are controlled under the Export Control Order, administered by the Export Control Joint Unit within the Department for Business and Trade, since these systems appear on the UK Strategic Export Control Lists as dual-use goods. A supplier seeking to move hardware, software or expertise outside the country must apply for an export licence and demonstrate the end use is not tied to weapons proliferation. The National Cyber Security Centre publishes guidance steering organisations toward post-quantum cryptographic migration, offered as advisory guidance and not a binding product standard. Domestic sale of the hardware itself is not subject to a separate licensing regime beyond general electrical safety marking requirements.

The suppliers tracked in this study (D-Wave Systems, Google, IBM, Intel, Microsoft, 1QB Information Technologies, Anyon Systems, Cambridge Quantum Computing, ID Quantique, IonQ, QbitLogic, QC Ware, Quantum Circuits, Qubitekk, QxBranch and Rigetti Computing.) compete in the United Kingdom across the type lines above. The commercially relevant division is 53.1% of 2025 revenue in Hardware, where the volume is, against 33.35% growth in Software, where share moves. A supplier weighted toward Europe is competing over a base of USD 0.33 billion in 2025 reaching USD 3.06 billion by 2034, 22.8% of global revenue at the start of that period.

7.6% of global revenue is generated in Germany; USD 0.11 billion in 2025, reaching USD 1 billion in 2034, and 33.3% of Europe.

France is sized at USD 0.06 billion in 2025, rising to USD 0.55 billion by 2034; 4.1% of global revenue and 18.2% of Europe. It is reported separately from the United Kingdom across every segmentation axis in the full report.

USD 0.32 billion of 2025 revenue is generated in Asia Pacific, 22.1% of the global quantum computing market and reaches USD 4.07 billion by 2034. By revenue it sits third across the study, and the ranking does not change between 2025 and 2034.

Its share rises to 28% over the forecast period, so the region grows faster than the market's 28.98% and takes a larger part of the revenue added by 2034 than its 2025 weight implies.

Within the region the type split tracks the global one; 53.1% of 2025 revenue in Hardware, fastest growth of 33.35% in Software. Revenue for Asia Pacific is broken out by every segmentation axis and by country in the full report.

43.8% of Asia Pacific's base-year revenue comes from China; USD 0.14 billion, rising to USD 1.83 billion by 2034. 43.8% of the region in the base year makes it the largest market here without making it the region. The region itself runs USD 0.32 billion to USD 4.07 billion over the same period, and this is the market carrying the country-level detail in the full report.

China buys along the same lines as the market globally; Hardware first at 53.1% of 2025 revenue and 43.7% in 2034, Software fastest at 33.35% on a share moving from 25.5% to 34.4%. Since 43.8% of Asia Pacific's revenue is generated here, the regional numbers inherit this market's mix instead of smoothing it out. The full report reports China by type separately.

China's Ministry of Commerce controls the export of quantum computing equipment, components and associated technology through its catalogue of technologies subject to export licensing, with the Ministry of Industry and Information Technology and state security authorities reviewing sensitive cases involving cryptographic or defense-relevant applications. A domestic supplier must obtain an export licence before technology transfer to overseas parties and register cryptography-related products with the State Cryptography Administration if the system incorporates encryption functions. Standards conformity for laboratory and industrial electronics follows the national GB standards system administered by the State Administration for Market Regulation. Foreign entities seeking to supply into China's quantum sector face additional review under the national security and technology-import approval processes.

In China the field is D-Wave Systems, Google, IBM, Intel, Microsoft, 1QB Information Technologies, Anyon Systems, Cambridge Quantum Computing, ID Quantique, IonQ, QbitLogic, QC Ware, Quantum Circuits, Qubitekk, QxBranch and Rigetti Computing.. Hardware, at 53.1% of 2025 revenue, is where the volume sits, and Software, growing at 33.35%, is where position changes hands over the forecast period. Weighting toward Asia Pacific means competing for 22.1% of 2025 global revenue, a base of USD 0.32 billion moving to USD 4.07 billion across the forecast period.

Japan is sized at USD 0.1 billion in 2025, rising to USD 1.14 billion by 2034; 6.9% of global revenue and 31.3% of Asia Pacific. It is reported separately from China across every segmentation axis in the full report.

3.4% of global revenue is generated in South Korea; USD 0.05 billion in 2025, reaching USD 0.61 billion in 2034, and 15.6% of Asia Pacific.

2.8% of the global quantum computing market sits in Latin America in 2025, worth USD 0.04 billion and reaches USD 0.44 billion by 2034. It is a marginal region on this axis, fifth by revenue throughout the period.

Its share rises to 3% over the forecast period, on growth above the market's own 28.98%, and with a bigger contribution to the revenue added over the period than the base-year figure suggests.

Hardware leads here as it does globally, at 53.1% of 2025 revenue, and Software again grows fastest at 33.35%. The full report breaks Latin America out along every axis and by country.

Brazil is the largest market within Latin America, generating USD 0.02 billion in 2025 and projected to reach USD 0.24 billion by 2034. At 50% of the region in 2025 it leads, but a majority of Latin America's revenue is generated in other markets. Set against USD 0.04 billion and USD 0.44 billion for the region, it is why this market, and not a smaller one, is the one reported in full.

Demand in Brazil follows the type mix reported at global level: Hardware is the largest line at 53.1% of 2025 revenue, moving to 43.7% by 2034, while Software grows fastest at 33.35% and takes its share from 25.5% to 34.4%. Since 50% of Latin America's revenue is generated here, the regional numbers inherit this market's mix instead of smoothing it out. The full report reports Brazil by type separately.

Brazil has no regulator dedicated to quantum computing hardware, so oversight falls to the general framework for controlled and dual-use goods administered by the Brazilian Army's Directorate of Controlled Products, which reviews exports and imports of technology deemed sensitive for defense or security purposes. A supplier bringing quantum systems that incorporate cryptographic modules into the country must also satisfy the National Telecommunications Agency's homologation requirements if the equipment connects to public networks, and comply with the encryption-import notification process overseen by the Institutional Security Cabinet. General electrical and safety certification through INMETRO applies to imported laboratory and computing hardware regardless of its quantum function.

Competition in Brazil runs between the suppliers this study tracks: D-Wave Systems, Google, IBM, Intel, Microsoft, 1QB Information Technologies, Anyon Systems, Cambridge Quantum Computing, ID Quantique, IonQ, QbitLogic, QC Ware, Quantum Circuits, Qubitekk, QxBranch and Rigetti Computing.. The commercially relevant division is 53.1% of 2025 revenue in Hardware, where the volume is, against 33.35% growth in Software, where share moves. A supplier weighted toward Latin America is competing over a base of USD 0.04 billion in 2025 reaching USD 0.44 billion by 2034, 2.8% of global revenue at the start of that period.

Within Latin America, Mexico accounts for 25% of regional revenue and 0.7% of the global total, worth USD 0.01 billion in 2025 and USD 0.12 billion by 2034.

4.1% of the global quantum computing market sits in Middle East and Africa in 2025, worth USD 0.06 billion on the way to USD 0.73 billion by 2034. By revenue it sits fourth across the study, and the ranking does not change between 2025 and 2034.

By 2034 the share has moved up to 5%, on growth above the market's own 28.98%, and with a bigger contribution to the revenue added over the period than the base-year figure suggests.

Hardware leads here as it does globally, at 53.1% of 2025 revenue, and Software again grows fastest at 33.35%. The full report breaks Middle East and Africa out along every axis and by country.

USD 0.03 billion of Middle East and Africa's 2025 revenue is generated in Israel, the region's largest market, reaching USD 0.29 billion by 2034. At 50% of the region in 2025 it leads, but a majority of Middle East and Africa's revenue is generated in other markets. Against regional totals of USD 0.06 billion in 2025 and USD 0.73 billion in 2034, it is the country the full report breaks out in detail.

Israel buys along the same lines as the market globally; Hardware first at 53.1% of 2025 revenue and 43.7% in 2034, Software fastest at 33.35% on a share moving from 25.5% to 34.4%. Because the country carries 50% of Middle East and Africa, a movement in its own mix shows up in the regional totals instead of being averaged away by neighbouring markets. Israel carries its own type breakdown in the full report.

Israel regulates the export of quantum computing systems and related technical data under the Defense Export Control Law, enforced by the Defense Export Control Agency within the Ministry of Defense, since these systems sit on the country's control lists for dual-use technology given their cryptographic and defense-relevant applications. A supplier must obtain a marketing licence before offering the technology abroad and a further export licence before shipment, with end-use and end-user declarations reviewed case by case. The Israel National Cyber Directorate issues guidance on cryptographic resilience that informs how domestic developers approach post-quantum readiness, though it does not impose a certification scheme. Standard electronics and laboratory safety marking still governs the physical hardware.

D-Wave Systems, Google, IBM, Intel, Microsoft, 1QB Information Technologies, Anyon Systems, Cambridge Quantum Computing, ID Quantique, IonQ, QbitLogic, QC Ware, Quantum Circuits, Qubitekk, QxBranch and Rigetti Computing. are the suppliers covered in Israel. Hardware, at 53.1% of 2025 revenue, is where the volume sits, and Software, growing at 33.35%, is where position changes hands over the forecast period. Weighting toward Middle East and Africa means competing for 4.1% of 2025 global revenue, a base of USD 0.06 billion moving to USD 0.73 billion across the forecast period.

Within Middle East and Africa, the United Arab Emirates accounts for 33.3% of regional revenue and 1.4% of the global total, worth USD 0.02 billion in 2025 and USD 0.2 billion by 2034.

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This report assesses the market across every segment, with revenue and a growth rate for each line in each year of the study period. It covers the drivers, trends, opportunities, restraints and challenges shaping growth, the competitive landscape and the companies profiled, and the research methodology behind every estimate. Segmentation is reported by Type, Application, Technology, Deployment Model, End User, and regional analysis covers North America, Europe, Asia Pacific, Latin America, Middle East and Africa, each broken out by country.