According to a new report, published by KBV research, The Global Quantum Computing Market size is expected to reach $4.58 billion by 2031, rising at a market growth of 19.6% CAGR during the forecast period.
The System segment is leading the Global Quantum Computing Market by Offering in 2023, thereby, achieving a market value of $2.82 billion by 2031. The increasing demand for quantum hardware, including quantum processors and superconducting qubits, has significantly contributed to this segment’s dominance. As industries such as finance, healthcare, and defense invest in quantum systems for complex problem-solving and simulations, the demand for high-performance quantum computers continues to rise. Additionally, advancements in quantum hardware technologies and the development of more stable and scalable quantum systems drive further growth in this segment, making it a central focus for researchers and manufacturers.
The Cloud segment is anticipating a CAGR of 20.2% during (2024 - 2031). Cloud-based quantum computing platforms are becoming increasingly popular due to their flexibility, scalability, and cost-effectiveness. Organizations can access quantum computing resources on-demand without investing in expensive hardware, making these services particularly attractive for businesses looking to experiment with quantum algorithms or run specific simulations without large upfront costs. Additionally, the cloud model fosters collaboration and remote access to quantum computing capabilities, expanding its appeal across various industries.
The Optimization segment is generating the maximum revenue in the Global Quantum Computing Market by Application in 2023; thereby, achieving a market value of $1.4 billion by 2031. Quantum computing’s ability to process large, complex datasets and find optimal solutions to problems, such as supply chain management, logistics, and resource allocation, has made it highly valuable for industries across various sectors. As organizations seek to improve efficiency, reduce costs, and solve problems that classical computers struggle with, quantum optimization has gained significant traction in research and practical applications.
The Healthcare segment is anticipating a CAGR of 18.2% during (2024 - 2031). Quantum computing has the potential to revolutionize healthcare by accelerating drug discovery, optimizing personalized treatment plans, and improving diagnostic accuracy. Researchers are leveraging quantum algorithms to analyze large-scale genetic data and model molecular interactions, which is expected to speed up the development of new therapies and vaccines significantly.
Full Report: https://www.kbvresearch.com/quantum-computing-market/
The Europe region dominated the Global Quantum Computing Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.4billion by 2031. The North America region is anticipating a CAGR of 19.4% during (2024 - 2031). Additionally, The Asia Pacific region would showcase a CAGR of 20.4% during (2024 - 2031).
By Offering
By Deployment
By Application
By End-user
Unique Offerings 
