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Quantum Computing

Revolutionary computing technology leveraging quantum mechanics for exponential speedups in specific problem domains

Market Size
$1.6B
Growth Rate
34.6% CAGR
Projected
$7.3B (2030)

Source: BCC Research. Figures checked October 21, 2026.

Market Overview

Market Size

$1.6B (2025). Source: BCC Research, Quantum Computing: Technologies and Global Markets to 2030.

Projection

$7.3B (2030) (2025-2030).

Scope and other estimates

Estimates vary widely with scope. BCC counts quantum computing vendor revenue only and excludes quantum cryptography. MarketsandMarkets puts the market at $3.52B in 2025, reaching $20.2B by 2030.

Description

Quantum processors, quantum software, quantum cryptography

Key Technology Segments

Quantum Processors

Hardware systems for quantum computation

TRL Range: TRL 6-8
Key Players: IBM, Google Quantum AI, IonQ, Rigetti Computing, D-Wave Quantum, PsiQuantum

Quantum Software

Algorithms and software platforms for quantum computing

TRL Range: TRL 7-9Market Size: $779M (2023) to $2.5B (2030) (Grand View Research)
Key Players: Microsoft Azure Quantum, Amazon Braket (cloud access), QC Ware

Quantum Cryptography

Quantum-safe encryption and secure communication

TRL Range: TRL 5-7Market Size: $1.6B (2025) to $10.2B (2031) (MarketsandMarkets)
Key Players: ID Quantique (IonQ subsidiary), QuintessenceLabs, Quantum XChange

Key Players and Research Institutions

IBM Quantum

enterprise

Superconducting quantum processors and the Qiskit software stack, offered through IBM's cloud.

Public (NYSE: IBM)

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Google Quantum AI

enterprise

Superconducting quantum processors, including the Willow chip, and quantum algorithms research.

Part of Alphabet (Nasdaq: GOOGL)

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IonQ

enterprise

Trapped-ion quantum computers. Took a controlling stake in ID Quantique and acquired Oxford Ionics in 2025.

Public (NYSE: IONQ)

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MIT

university

Research institution with major quantum computing and quantum engineering programs.

Investment Trends

Investment in quantum technology start-ups, by year.

YearAmount
2022$2.3B
2023$1.3B
2024$2.0B
2025$12.6B

Source: McKinsey (PitchBook data), Quantum Technology Monitor 2026. Covers all quantum-technology start-ups (more than 90% in quantum computing) and includes public-market and government funding. McKinsey revises earlier years between editions.

Commercialization Pathways

Licensing

high feasibility

Quantum algorithms and software are well-suited for licensing to enterprise customers and cloud providers.

Spinout

high feasibility

Strong investor interest and clear market applications make spinouts attractive for quantum computing innovations.

Partnership

high feasibility

Strategic partnerships with tech giants and cloud providers are common pathways to market.

Regulatory Considerations

  • •Export controls on quantum technology
  • •National security considerations
  • •Data privacy regulations for quantum-safe encryption

Frequently Asked Questions

What is the market size for quantum computing?

BCC Research estimates market size at $1.6B (2025), reaching $7.3B (2030) (34.6% CAGR). Estimates vary widely with scope. BCC counts quantum computing vendor revenue only and excludes quantum cryptography. MarketsandMarkets puts the market at $3.52B in 2025, reaching $20.2B by 2030.

What are the main commercialization pathways for quantum computing?

The primary commercialization pathways include licensing, spinout, partnership. Spinouts are particularly viable given strong investor interest.

Which universities are leading in quantum computing research?

Leading universities in quantum computing include MIT, Stanford, Caltech, and others. These institutions have strong research programs and commercialization track records in this area.

What are the key technology segments in quantum computing?

Key technology segments include Quantum Processors, Quantum Software, Quantum Cryptography. These segments represent different areas of innovation and market opportunity within the broader quantum computing category.