Quantum Computing Market Size To Lead USD 19.44 Billion By 2035

2026-02-24 10:02:14

(MENAFN- GlobeNewsWire - Nasdaq) The quantum computing market size is expected to be worth USD 19.44 billion by 2035, increasing from USD 1.44 billion in 2025, with a strong CAGR of 29.73% from 2026 to 2035.

Ottawa, Feb. 24, 2026 (GLOBE NEWSWIRE) -- According to Precedence Research, the global quantum computing market size

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Quantum Computing Market Key Takeaways

The quantum computing market is valued at USD 1.44 billion in 2025.
It's projected to reach USD 19.44 billion by 2035, with a CAGR of 30.88% from 2026 to 2035.
North America led the global market with the highest market share of 61% in 2025.
The machine learning segment is expected to capture the biggest revenue share over the projected period.
The BFSI (Banking, Financial Services, and Insurance) segment is predicted to register the maximum market share during the forecast period.
The drug development segment is estimated to hold the highest market share over the projected period.

What is a Quantum Computing?

It is an emerging technology that leverages quantum mechanics and utilizes new computational frontiers like entangled, superimposed qubits to achieve superior processing power over conventional systems, tackling issues like optimization and simulation. It represents multiple states simultaneously and processes massive complex datasets in parallel.

The growth of this market is driven by increased investment in hardware, cloud-based access, and applications in sectors like finance, pharmaceuticals drug discovery

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Four key principles of quantum mechanics

To understand quantum computing, it is important to understand four key quantum mechanics principles:

Superposition
Entanglement
Decoherence
Interference

Superposition

A qubit itself isn't useful. But it can place the quantum information it holds into a state of superposition, which represents a combination of all possible configurations of the qubit. Groups of qubits in superposition can create complex, multidimensional computational spaces. Complex problems can be represented in new ways in these spaces.

When a quantum system is measured, its state collapses from a superposition of possibilities into a binary state, which can be registered as binary code either a zero or a one.

Entanglement

Entanglement is the ability of qubits to correlate their state with other qubits. Entangled systems are so intrinsically linked that when quantum processors measure a single entangled qubit, they can immediately determine information about other qubits in the entangled system.

Interference

Interference is the engine of quantum computing. When qubits are placed into a state of collective superposition, they structure information in a way that resembles waves, with amplitudes associated with each outcome.

These amplitudes become the probabilities of the outcomes of a measurement of the system. These waves can build on each other when many of them peak at a particular outcome or cancel each other out when peaks and troughs interact. Amplifying a probability or canceling out others are both forms of interference.

Decoherence

Decoherence is the process in which a system in a quantum state collapses into a nonquantum state. It can be intentionally triggered by measuring a quantum system or by other environmental factors (sometimes these factors trigger it unintentionally). Quantum computing requires avoiding and minimizing decoherence.

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Market Opportunity

Growing Demand for SaaS

It is experiencing immense growth propelled by the need for accessibility, affordability, and scalable access to quantum power access for complex industry-specific tasks. SaaS removed the expensive, specialized infrastructure investment and replaced it with quantum resources, which are cost-efficient. SaaS provides immediate access to advanced hardware from various vendors without requiring on-premises stability or maintenance. The SaaS model for quantum computing is driven by the immediate need to make complex, powerful technology accessible on-demand, allowing for early experimentation and application in high-value industries.

The market is boosted by a surge in public expenditure in exploratory R&D of quantum systems. The government is heavily investing in this technology, especially in areas like the military, trade, and national security. The strategic collaboration of businesses, research institutions, and technology providers helps in rapid innovation of this technology, which further expands the market.

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Quantum Computing Market Scope

Report Coverage	Details
Market Size in 2025	USD 1.44 Billion
Market Size in 2026	USD 1.88 Billion
Market Size by 2035	USD 19.44 Billion
Growth Rate from 2026 to 2035	CAGR of 29.73%
Base Year	2025
Forecast Period	2026 to 2035
Segments Covered	Application, End Use, Offering Type and Region
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

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U.S. Quantum Computing Market Size and Growth 2026 to 2035

The U.S. quantum computing market size was estimated at USD 617.5 million in 2025 and is predicted to be worth around USD 8,506.37 million by 2034, at a CAGR of 29.99% from 2026 to 2035.

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Regional Insights

Why Is North America Dominating the Quantum Computing Market?

North America dominated the quantum computing market with a 61% share in 2025. This region dominates the market due to its immense government funding, presence of major tech companies, strong ecosystem, high private investments, and early adoption in finance and healthcare. To maintain technological leadership, the U.S. and Canadian governments are massively investing in R&D. The strategic partnership between government, academic institutions, and private companies for innovation further accelerates the market. Rapid adoption in aerospace, defense, banking, and pharmaceuticals, particularly modeling and simulation, fuels the market growth.

Which Region is Experiencing the Fastest growth in the Quantum Computing Market?

Asia Pacific is experiencing the fastest growth in the market during the forecast period. It is witnessing tremendous growth due to huge government investments, a strong ecosystem of major tech companies and startups, high demand for advanced analytics in various sectors, and collaborative public-private partnerships. Sectors like pharmaceuticals for drug discovery and finance for portfolio streamlining are fueling demand for quantum-powered AI and simulation. With the surge of quantum threats, countries are investing heavily in post-quantum cryptography

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Quantum Computing Market Segmental Insights

Application Insights

Which Application Dominated the Quantum Computing Market?

The machine learning

End Use Insights

What Made the Banking, Financial Services, and Insurance (BFSI) Lead the Quantum Computing Market?

The BFSI

The healthcare and pharmaceutical segment is expected to rise with the highest CAGR in the foreseen period. Quantum computing enables molecular simulation and data analysis at the quantum level, which is essential for accelerating drug discovery. This market is rapidly expanding in this segment as it advances precision medicine genomics clinical trials

Offering Type Insights

Why the Drug Development Segment Is Dominating the Quantum Computing Market

The drug development segment dominated the quantum computing market with the highest market share in 2025 and is expected to grow with a remarkable CAGR during the forecast period. It enables rapid, more accurate modeling of drug proteins, significantly minimizing R&D costs and accelerating the discovery of novel, effective pharmaceuticals. Quantum computing reduces the high costs associated with clinical trials, which further expands its market in this segment. Drug discovery and development represent the largest application segment for quantum computing in healthcare, attracting significant investment from pharmaceutical companies.

The drug development segment is the fastest growing in this market due to the various abilities of quantum computing, like its superior molecular simulation, drastic reduction in time and cost, and solving complex optimization problems like finding the best molecular structure that fits the specific target. Quantum computing is transforming drug discovery, making it a top priority for investments.

✚ Related Topics You May Find Useful:

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Competitive Landscape

IBM Corporation
D-Wave Systems Inc.
Cambridge Quantum Computing Ltd.
Intel Corporation
Rigetti & Co, Inc.
Google LLC
Quantica Computacao
Zapata Computing
XANADU
Accenture Plc.

Recent Developments

In February 2025, Amazon Web Services (AWS) introduced Ocelot, its first quantum computing chip, designed to advance error correction and improve scalability for practical quantum computing.
In October 2025, BTQ Technologies Corp. launched the first quantum-resistant Bitcoin implementation using National Institute of Standards and Technology (NIST)-standardized post-quantum cryptography for protecting against the emerging quantum threat.

Segment Covered in the Report

By Application

Machine Learning
Optimization
Biomedical Simulations
Financial Services
Electronic Material Discovery
Other (Traffic Optimization, Weather Forecasting, and others.)

By End Use

Healthcare and Pharmaceuticals
Chemicals
Defence
BFSI
Energy and Power
Others

By Offering Type

Consulting Solutions
Systems

By Region

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa (MEA)

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