Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.06 Billion | USD 17.15 Billion | 32.14% | 2024 |
FrequentlyAsked Questions
The global quantum computing market is expected to grow due to breakthroughs in quantum hardware, growing investments in R&D, and applications in cryptography, drug discovery, and optimization problems.
According to a study, the global quantum computing market size was worth around USD 1.06 Billion in 2024 and is expected to reach USD 17.15 Billion by 2034.
The global quantum computing market is expected to grow at a CAGR of 32.14% during the forecast period.
North America is expected to dominate the quantum computing market over the forecast period.
Leading players in the global quantum computing market include Huawei Technologies Co. Ltd., Rigetti & Co Inc, D-Wave Systems Inc., IBM Corporation, Microsoft Corporation, Telstra Corporation Limited, Zapata Computing Inc., IonQ Inc., and Silicon Quantum Computing., among others.
The report explores crucial aspects of the quantum computing market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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