Quantum computing is a new computing mode that follows the laws of quantum mechanics to regulate quantum information units for computation. It uses quantum bits as the basic computing unit and utilizes principles such as quantum superposition and interference to achieve parallel computing. Quantum computing provides new possibilities for solving complex problems that are difficult for classical computers to handle, and is expected to be widely applied in multiple fields.

Overview of Market Development

Currently, the size of the quantum computing market is growing year by year. According to our research data, the estimated global quantum computing market size in 2024 is $1989 million, a growth of 43.12% compared to 2023, and is expected to continue increasing to $9758million by 2029. The CAGR for 2024-2029 is estimated to be 37.45%.

Despite the enormous potential of quantum computing, it still faces technical challenges such as quantum bit stability, and commercial applications will take time. However, with continuous technological breakthroughs and increased support from governments around the world, the commercial application prospects of quantum computing are worth looking forward to.

Segmented Market Analysis

From the perspective of product types, the quantum computing market can be segmented into services, hardware, and software based on components. Among them, the service segment market holds the highest share, estimated at 40.36% in 2024.

From the perspective of downstream application patterns, quantum computing is widely used in fields such as BFSI, aerospace & defense, IT & communication, healthcare, transportation, and energy & power. Among them, the BFSI field is the largest downstream application market, with an estimated application share of 29.89% in 2024.

Source: www.globalmarketmonitor.com

Market Analysis of Major Regions

From a regional perspective, the global quantum computing market is dominated by three major regions: North America, Europe, and Asia Pacific. The total revenue of the quantum computing market in these three major regions accounts for over 95% of the global total revenue. Among them, North America is the largest revenue market. Data shows that the estimated revenue of the North American quantum computing market in 2024 is $921 million, and the revenue share is expected to reach 46.30%.

From a national perspective, the United States has a clear advantage in the quantum computing industry chain, while China and various European countries are actively laying out in this field, continuously improving their technological level and market competitiveness.

Regions	Market Revenue (Million USD)	Revenue Share
North America	921	46.30%
Europe	566	28.45%
Asia Pacific	454	22.80%
South America	29	1.47%
Middle East & Africa	19	0.98%