North America Quantum Computing Market Size, Share & Trends Analysis Report By Offering (System, and Services), By Deployment, By Application, By End-user, By Country and Growth Forecast, 2024 - 2031

The North America Quantum Computing Market would witness market growth of 19.4% CAGR during the forecast period (2024-2031).

The US market dominated the North America Quantum Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,034.6 million by 2031. The Canada market is experiencing a CAGR of 21.8% during (2024 - 2031). Additionally, The Mexico market is expected to witness a CAGR of 20.9% during (2024 - 2031).

Quantum computing represents a revolutionary shift in computational technology, with the potential to drastically alter industries and redefine what is possible in the world of computation. Unlike classical computers, which process data using bits representing 0 or 1, quantum computers use quantum bits or qubits. These qubits exploit the principles of quantum mechanics—such as superposition and entanglement—which allow them to represent and process multiple states simultaneously.

Additionally, this unique ability enables quantum computers to solve problems that would be infeasible for classical computers, even with immense processing power. The quantum computing market, therefore, holds tremendous promise, with applications in various fields, including cryptography, artificial intelligence, materials science, and healthcare.

Canada is strengthening its position in the market through key government initiatives like the 2021 Canada Digital Government Strategy and the 2022 Digital Ambition Plan. These strategies aim to modernize public services and enhance digital capabilities, creating a strong foundation for quantum technologies. With Canada’s digital economy projected to grow at 9% annually through 2025, the demand for advanced computational solutions is expected to increase, further promoting the adoption of quantum computing across sectors. The government’s focus on digital transformation aligns with quantum computing’s potential to solve complex problems, optimize operations, and ensure data security. As Canada’s digital economy expands, quantum computing is poised to play a crucial role in sectors like healthcare, finance, and cybersecurity, driving innovation and supporting the country’s digital future.

Free Valuable Insights: The Quantum Computing Market is Predict to reach USD 4.58 Billion by 2031, at a CAGR of 19.6%

Based on Offering, the market is segmented into System, and Services. Based on Deployment, the market is segmented into On-premise, and Cloud. Based on Application, the market is segmented into Optimization, Machine Learning, Simulation, and Other Application. Based on End-user, the market is segmented into BFSI, Healthcare, Automotive, Energy & Power, Government, Aerospace & Defense, Chemical, and Other End-user. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Google LLC (Alphabet Inc.)
• Microsoft Corporation
• IBM Corporation
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• QC Ware Corp.
• SpinQ Technology Co., Ltd.
• Rigetti Computing, Inc.
• D-Wave Systems Inc.
• Intel Corporation
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)

North America Quantum Computing Market Report Segmentation

By Offering

• System
• Services

By Deployment

• On-premise
• Cloud

By Application

• Optimization
• Machine Learning
• Simulation
• Other Application

By End-user

• BFSI
• Healthcare
• Automotive
• Energy & Power
• Government
• Aerospace & Defense
• Chemical
• Other End-user

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Quantum Computing Market, by Offering
1.4.2 North America Quantum Computing Market, by Deployment
1.4.3 North America Quantum Computing Market, by Application
1.4.4 North America Quantum Computing Market, by End-user
1.4.5 North America Quantum Computing Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Jan – 2025, Feb) Leading Players
4.5 Porter’s Five Forces Analysis

Chapter 5. North America Quantum Computing Market by Offering
5.1 North America System Market by Region
5.2 North America Services Market by Region

Chapter 6. North America Quantum Computing Market by Deployment
6.1 North America On-premise Market by Country
6.2 North America Cloud Market by Country

Chapter 7. North America Quantum Computing Market by Application
7.1 North America Optimization Market by Country
7.2 North America Machine Learning Market by Country
7.3 North America Simulation Market by Country
7.4 North America Other Application Market by Country

Chapter 8. North America Quantum Computing Market by End-user
8.1 North America BFSI Market by Country
8.2 North America Healthcare Market by Country
8.3 North America Automotive Market by Country
8.4 North America Energy & Power Market by Country
8.5 North America Government Market by Country
8.6 North America Aerospace & Defense Market by Country
8.7 North America Chemical Market by Country
8.8 North America Other End-user Market by Country

Chapter 9. North America Quantum Computing Market by Country
9.1 US Quantum Computing Market
9.1.1 US Quantum Computing Market by Offering
9.1.2 US Quantum Computing Market by Deployment
9.1.3 US Quantum Computing Market by Application
9.1.4 US Quantum Computing Market by End-user
9.2 Canada Quantum Computing Market
9.2.1 Canada Quantum Computing Market by Offering
9.2.2 Canada Quantum Computing Market by Deployment
9.2.3 Canada Quantum Computing Market by Application
9.2.4 Canada Quantum Computing Market by End-user
9.3 Mexico Quantum Computing Market
9.3.1 Mexico Quantum Computing Market by Offering
9.3.2 Mexico Quantum Computing Market by Deployment
9.3.3 Mexico Quantum Computing Market by Application
9.3.4 Mexico Quantum Computing Market by End-user
9.4 Rest of North America Quantum Computing Market
9.4.1 Rest of North America Quantum Computing Market by Offering
9.4.2 Rest of North America Quantum Computing Market by Deployment
9.4.3 Rest of North America Quantum Computing Market by Application
9.4.4 Rest of North America Quantum Computing Market by End-user

Chapter 10. Company Profiles
10.1 Google LLC (Alphabet Inc.)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.6 SWOT Analysis
10.2 Microsoft Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 IBM Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional & Segmental Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Geographical Expansions:
10.3.6 SWOT Analysis
10.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental Analysis
10.4.4 Recent strategies and developments:
10.4.4.1 Geographical Expansions:
10.4.5 SWOT Analysis
10.5 QC Ware Corp.
10.5.1 Company Overview
10.5.2 Recent strategies and developments:
10.5.2.1 Partnerships, Collaborations, and Agreements:
10.5.2.2 Product Launches and Product Expansions:
10.6 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Product Launches and Product Expansions:
10.6.6 SWOT Analysis
10.7 Rigetti Computing, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Regional Analysis
10.7.4 Research & Development Expenses
10.8 SpinQ Technology Co., Ltd.
10.8.1 Company Overview
10.8.2 Recent strategies and developments:
10.8.2.1 Partnerships, Collaborations, and Agreements:
10.8.2.2 Product Launches and Product Expansions:
10.9 D-Wave Systems Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 Recent strategies and developments:
10.9.5.1 Partnerships, Collaborations, and Agreements:
10.10. Intel Corporation
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 Recent strategies and developments:
10.10.5.1 Partnerships, Collaborations, and Agreements:
10.10.5.2 Product Launches and Product Expansions:
10.10.6 SWOT Analysis

TABLE 1 North America Quantum Computing Market, 2020 - 2023, USD Million
TABLE 2 North America Quantum Computing Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Quantum Computing Market
TABLE 4 Product Launches And Product Expansions– Quantum Computing Market
TABLE 5 Acquisition and Mergers– Quantum Computing Market
TABLE 6 North America Quantum Computing Market by Offering, 2020 - 2023, USD Million
TABLE 7 North America Quantum Computing Market by Offering, 2024 - 2031, USD Million
TABLE 8 North America System Market by Region, 2020 - 2023, USD Million
TABLE 9 North America System Market by Region, 2024 - 2031, USD Million
TABLE 10 North America Services Market by Region, 2020 - 2023, USD Million
TABLE 11 North America Services Market by Region, 2024 - 2031, USD Million
TABLE 12 North America Quantum Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 13 North America Quantum Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 14 North America On-premise Market by Country, 2020 - 2023, USD Million
TABLE 15 North America On-premise Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Cloud Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Cloud Market by Country, 2024 - 2031, USD Million
TABLE 18 North America Quantum Computing Market by Application, 2020 - 2023, USD Million
TABLE 19 North America Quantum Computing Market by Application, 2024 - 2031, USD Million
TABLE 20 North America Optimization Market by Country, 2020 - 2023, USD Million
TABLE 21 North America Optimization Market by Country, 2024 - 2031, USD Million
TABLE 22 North America Machine Learning Market by Country, 2020 - 2023, USD Million
TABLE 23 North America Machine Learning Market by Country, 2024 - 2031, USD Million
TABLE 24 North America Simulation Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Simulation Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Other Application Market by Country, 2020 - 2023, USD Million
TABLE 27 North America Other Application Market by Country, 2024 - 2031, USD Million
TABLE 28 North America Quantum Computing Market by End-user, 2020 - 2023, USD Million
TABLE 29 North America Quantum Computing Market by End-user, 2024 - 2031, USD Million
TABLE 30 North America BFSI Market by Country, 2020 - 2023, USD Million
TABLE 31 North America BFSI Market by Country, 2024 - 2031, USD Million
TABLE 32 North America Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 33 North America Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 34 North America Automotive Market by Country, 2020 - 2023, USD Million
TABLE 35 North America Automotive Market by Country, 2024 - 2031, USD Million
TABLE 36 North America Energy & Power Market by Country, 2020 - 2023, USD Million
TABLE 37 North America Energy & Power Market by Country, 2024 - 2031, USD Million
TABLE 38 North America Government Market by Country, 2020 - 2023, USD Million
TABLE 39 North America Government Market by Country, 2024 - 2031, USD Million
TABLE 40 North America Aerospace & Defense Market by Country, 2020 - 2023, USD Million
TABLE 41 North America Aerospace & Defense Market by Country, 2024 - 2031, USD Million
TABLE 42 North America Chemical Market by Country, 2020 - 2023, USD Million
TABLE 43 North America Chemical Market by Country, 2024 - 2031, USD Million
TABLE 44 North America Other End-user Market by Country, 2020 - 2023, USD Million
TABLE 45 North America Other End-user Market by Country, 2024 - 2031, USD Million
TABLE 46 North America Quantum Computing Market by Country, 2020 - 2023, USD Million
TABLE 47 North America Quantum Computing Market by Country, 2024 - 2031, USD Million
TABLE 48 US Quantum Computing Market, 2020 - 2023, USD Million
TABLE 49 US Quantum Computing Market, 2024 - 2031, USD Million
TABLE 50 US Quantum Computing Market by Offering, 2020 - 2023, USD Million
TABLE 51 US Quantum Computing Market by Offering, 2024 - 2031, USD Million
TABLE 52 US Quantum Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 53 US Quantum Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 54 US Quantum Computing Market by Application, 2020 - 2023, USD Million
TABLE 55 US Quantum Computing Market by Application, 2024 - 2031, USD Million
TABLE 56 US Quantum Computing Market by End-user, 2020 - 2023, USD Million
TABLE 57 US Quantum Computing Market by End-user, 2024 - 2031, USD Million
TABLE 58 Canada Quantum Computing Market, 2020 - 2023, USD Million
TABLE 59 Canada Quantum Computing Market, 2024 - 2031, USD Million
TABLE 60 Canada Quantum Computing Market by Offering, 2020 - 2023, USD Million
TABLE 61 Canada Quantum Computing Market by Offering, 2024 - 2031, USD Million
TABLE 62 Canada Quantum Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 63 Canada Quantum Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 64 Canada Quantum Computing Market by Application, 2020 - 2023, USD Million
TABLE 65 Canada Quantum Computing Market by Application, 2024 - 2031, USD Million
TABLE 66 Canada Quantum Computing Market by End-user, 2020 - 2023, USD Million
TABLE 67 Canada Quantum Computing Market by End-user, 2024 - 2031, USD Million
TABLE 68 Mexico Quantum Computing Market, 2020 - 2023, USD Million
TABLE 69 Mexico Quantum Computing Market, 2024 - 2031, USD Million
TABLE 70 Mexico Quantum Computing Market by Offering, 2020 - 2023, USD Million
TABLE 71 Mexico Quantum Computing Market by Offering, 2024 - 2031, USD Million
TABLE 72 Mexico Quantum Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 73 Mexico Quantum Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 74 Mexico Quantum Computing Market by Application, 2020 - 2023, USD Million
TABLE 75 Mexico Quantum Computing Market by Application, 2024 - 2031, USD Million
TABLE 76 Mexico Quantum Computing Market by End-user, 2020 - 2023, USD Million
TABLE 77 Mexico Quantum Computing Market by End-user, 2024 - 2031, USD Million
TABLE 78 Rest of North America Quantum Computing Market, 2020 - 2023, USD Million
TABLE 79 Rest of North America Quantum Computing Market, 2024 - 2031, USD Million
TABLE 80 Rest of North America Quantum Computing Market by Offering, 2020 - 2023, USD Million
TABLE 81 Rest of North America Quantum Computing Market by Offering, 2024 - 2031, USD Million
TABLE 82 Rest of North America Quantum Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 83 Rest of North America Quantum Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 84 Rest of North America Quantum Computing Market by Application, 2020 - 2023, USD Million
TABLE 85 Rest of North America Quantum Computing Market by Application, 2024 - 2031, USD Million
TABLE 86 Rest of North America Quantum Computing Market by End-user, 2020 - 2023, USD Million
TABLE 87 Rest of North America Quantum Computing Market by End-user, 2024 - 2031, USD Million
TABLE 88 Key Information – Google LLC
TABLE 89 Key Information – Microsoft Corporation
TABLE 90 Key Information – IBM Corporation
TABLE 91 Key Information – Amazon Web Services, Inc.
TABLE 92 Key Information – QC Ware Corp.
TABLE 93 Key Information – Huawei Technologies Co., Ltd.
TABLE 94 Key Information – Rigetti Computing, Inc.
TABLE 95 Key Information –SpinQ Technology Co., Ltd.
TABLE 96 Key Information – D-Wave Systems Inc.
TABLE 97 Key Information – Intel Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Quantum Computing Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Quantum Computing Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Jan – 2025, Feb) Leading Players
FIG 8 Porter’s Five Forces Analysis - Quantum Computing Market
FIG 9 North America Quantum Computing Market share by Offering, 2023
FIG 10 North America Quantum Computing Market share by Offering, 2031
FIG 11 North America Quantum Computing Market by Offering, 2020 - 2031, USD Million
FIG 12 North America Quantum Computing Market share by Deployment, 2023
FIG 13 North America Quantum Computing Market share by Deployment, 2031
FIG 14 North America Quantum Computing Market by Deployment, 2020 - 2031, USD Million
FIG 15 North America Quantum Computing Market share by Application, 2023
FIG 16 North America Quantum Computing Market share by Application, 2031
FIG 17 North America Quantum Computing Market by Application, 2020 - 2031, USD Million
FIG 18 North America Quantum Computing Market share by End-user, 2023
FIG 19 North America Quantum Computing Market share by End-user, 2031
FIG 20 North America Quantum Computing Market by End-user, 2020 - 2031, USD Million
FIG 21 North America Quantum Computing Market share by Country, 2023
FIG 22 North America Quantum Computing Market share by Country, 2031
FIG 23 North America Quantum Computing Market by Country, 2020 - 2031, USD Million
FIG 24 Recent strategies and developments: Google LLC
FIG 25 SWOT Analysis: Google LLC
FIG 26 SWOT Analysis: Microsoft Corporation
FIG 27 Recent strategies and developments: IBM Corporation
FIG 28 Swot Analysis: IBM Corporation
FIG 29 SWOT analysis: Amazon Web Services, Inc.
FIG 30 Recent strategies and developments: QC Ware Corp.
FIG 31 SWOT Analysis: Huawei Technologies Co., Ltd.
FIG 32 Recent strategies and developments: SpinQ Technology Co., Ltd.
FIG 33 Recent strategies and developments: Intel Corporation
FIG 34 SWOT Analysis: Intel corporation