World's Top 20 Companies in Quantum Computing In 2025 Watch List: Statistics Report To 2035

Description

According to a research report published by Spherical Insights & Consulting, The Global Quantum Computing Market Size is projected to Grow from USD 21.89 Billion in 2024 to USD 291.82 Billion by 2035, at a CAGR of 26.55 % during the forecast period 2025–2035. Growing industry uses, advances in hardware and error correction, and rising public and private investments drive future opportunities in Quantum Computing.

 

Introduction                                                              

Global Quantum computing is a cutting-edge branch of computer science that uses qubits rather than classical bits to process data by utilizing quantum mechanics, including superposition, entanglement, and interference. Key factors driving market growth include expanding government and corporate investment, as well as growing demand for high-performance computing. Capabilities are being expanded by rapid hardware advancements, particularly in cloud platforms, error correction, and qubit quality. Adoption in the industry includes materials simulation, finance, drug development, optimisation, and cryptography. Innovation and commercialisation are being fuelled by collaboration between startups, IT giants, and academia, which is being fuelled by strategic alliances and competing national efforts.

 

 

Navigate Future Markets with Confidence: Insights from Spherical Insights LLP

The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.

 

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Quantum Computing Market Size & Statistics

• The Market Size for Quantum Computing was Estimated to be Worth USD 21.89 Billion in 2024.
• The Market Size is Going to Expand at a CAGR of 26.55% between 2025 and 2035.
• The Global Quantum Computing Market Size is Anticipated to Reach USD 291.82 Billion by 2035.
• North America is Expected to generate significant demand during the forecast period in the Quantum Computing market.
• Asia Pacific is Expected to Grow the fastest during the forecast period in the Quantum Computing market.

 

Regional growth and demand                                      

Asia Pacific is expected to grow significantly during the forecast period in the Quantum Computing market. The Quantum Computing sector in the Asia Pacific is projected to experience a significant CAGR during the forecast period, propelled by open-source platforms that make it more affordable and accessible for businesses of all kinds. At the same time, developers are speeding up real-world adoption by developing industry-specific solutions, particularly for healthcare, finance, materials science, logistics, and artificial intelligence. Together with government assistance and business partnerships, this two-pronged approach is speeding up the region's adoption of quantum computing in important commercial domains, boosting market expansion during the forecast duration.

 

North America is expected to generate significant demand during the forecast period in the Quantum Computing market. The primary factors fueling growth consist of a strong network of research institutes, startups, and large tech companies like IBM, Google, Microsoft, D-Wave, Rigetti, and Xanadu, has made North America the market leader for quantum computing worldwide. Strong government programs that offer funding and strategic cooperation between federal labs, industry, and academics include the National Quantum Initiative and more recent proposals like the Quantum Sandbox Act. Strong academic-industry ties and a large talent pool drive quick invention and commercialisation.

 

Top 10 Quantum Computing Trends

1. Strong Growth
2. Technological Advancements
3. Rising Investments
4. Integration with Cloud
5. Quantum Cryptography
6. Machine Learning Applications
7. Aerospace and Defense
8. Drug Discovery
9. Financial Services
10. Cloud Quantum Computing
11. Others

 

1. Strong Growth

• Quantum Computing as a Service

AWS Braket, Azure Quantum, and IBM Quantum are just a few of the cloud platforms that are democratising access & allowing experimentation without requiring significant capital expenditures.

• Hybrid quantum-classical systems

Real-world applications are enhanced by early use of hybrid systems, while complete fault-tolerant systems are still being developed.

 

2. Technological Advancements

• Major Qubit Milestones

Systems like IBM's Condor chip and Google's Willow processor have reduced mistake rates and surpassed 1,000-qubit limits, bringing scalable, error-corrected computing closer to reality.

• Diverse Qubit Architectures

Superconducting qubits, silicon spin qubits, topological qubits, trapped ions, neutral atoms, and integrated photonics are examples of modern technology platforms that support scalability and durability.

 

3. Rising Investments

• More capital, fewer rounds

Later-stage companies with commercial momentum are preferred by investors who are pooling their funds into fewer, bigger rounds.

• Expanding global ecosystem

Investment and innovation are being propelled by robust public-private backing, national regulations, and quantum clusters in Asia, the U.S., and Europe.

 

4. Integration with Cloud

• Hybrid quantum-classical cloud architectures

Businesses can integrate quantum and conventional resources into workflows, allowing quantum operations to execute on unified cloud infrastructure alongside regular processing.

• Low-latency execution environments

IBM's Qiskit Runtime is one tool that increases throughput for multi-step and iterative algorithms by reducing round-trip latency by executing quantum circuits closer to the hardware in the cloud.

 

5. Quantum Cryptography

• High-dimensional QKD protocols

For longer and free-space networks, methods like HD-QKD with spatial multiplexing provide more bits per photon and noise resistance.

• Sector-specific applications

If protecting sensitive data is essential, QKD and PQC are being used more and more in the BFSI industry, healthcare, telecom/cloud infrastructures, government, and defence.

Empower your strategic planning:

Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Quantum Computing market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.

 

Top 15 Companies Leading the Quantum Computing Market

1. Accenture
2. Cambridge Quantum Computing
3. AWS
4. Baxter
5. Google
6. Huawei
7. 1QBIT
8. IBM
9. MICROSOFT
10. Rigetti Computing
11. Riverlane.
12. B. Braun SE
13. Zapata Computing
14. Honeywell
15. QC Ware
16. Others

 

1. Accenture

Headquarters – Dublin, Ireland

Accenture PLC is a multinational professional services and technology consulting corporation that specialises in strategy, digital, technology, and operations. It offers services like cloud computing, artificial intelligence, cybersecurity, business process transformation, and digital marketing to clients in more than 120 countries. The five main business units that make up its integrated offerings are Strategy & Consulting, Technology, Operations, Industry X, and Accenture Song (Interactive). With its global operations and corporate headquarters situated in Dublin, Ireland's Silicon Docks region at 1 Grand Canal Square, Accenture promotes innovation, reinvention, and commercial value across a wide range of industries.

 

2. Cambridge Quantum Computing

Headquarters – Cambridge, UK

Cambridge Quantum Computing (CQC) is a UK-based cybersecurity and quantum software pioneer with its headquarters located in Cambridge, England. With an emphasis on hardware-independent quantum software tools, CQC created the popular t|ket⟩ toolkit and corporate platforms aimed at machine learning, natural language processing, chemical simulation, and quantum cryptography. CQC's software is compatible with top quantum hardware providers, and its technologies have facilitated partnerships in cybersecurity, banking, and medicines.

 

3. AWS

Headquarters – Seattle, United States

AWS maintains significant data centre operations and regional hubs across the globe, with its headquarters located in Seattle, Washington. With a global infrastructure spanning dozens of locations and availability zones, Amazon Web Services (AWS), the company's main cloud computing division, provides more than 200 fully featured services, including compute, storage, databases, networking, AI/ML, IoT, developer, security, and analytics tools. Through a pay-as-you-go cloud architecture, it facilitates the creation of scalable, secure, and cost-effective applications for millions of entities, ranging from government agencies to startups and companies.

 

4. Baxter International Inc.

Headquarters – Deerfield, Illinois, United States

Baxter International Inc. is an American global healthcare company that specialises in medications, medical devices, and therapies that support a variety of treatment areas, including critical care, surgery, haemophilia, renal illness, and intravenous (IV) therapy. Its activities are dispersed over the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Baxter is a publicly traded firm that is part of the S&P 500 and has three main business segments: Pharmaceuticals, Healthcare Systems & Technologies, and Medical Products & Therapies. The company's global headquarters are located in the US in Deerfield, Illinois.

 

5. Google.

Headquarters – Mountain View, California, United States

Google LLC, a significant American technological business that is a part of Alphabet Inc., is well-known for its search engine and online advertising services. Other well-known products include Gmail, Google Maps, Google Drive, Android, Chrome, YouTube, and Google Cloud. With offices around the Americas, Europe, Asia-Pacific, Africa, and the Middle East, the company has a global presence. The Googleplex, the company's headquarters, is situated in Mountain View, California, at 1600 Amphitheatre Parkway.

 

Are you ready to discover more about the Quantum Computing market?

The report provides an in-depth analysis of the leading companies operating in the global Quantum Computing market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:

 

Company Profiles

1. Accenture
   • Business Overview
   • Company Snapshot
   • Products Overview
   • Company Market Share Analysis
   • Company Coverage Portfolio
   • Financial Analysis
   • Recent Developments
   • Merger and Acquisitions
   • SWOT Analysis
2. Cambridge Quantum Computing
3. AWS
4. Baxter
5. Google
6. Huawei
7. 1QBIT
8. IBM
9. MICROSOFT
10. Rigetti Computing
11. Riverlane.
12. B. Braun SE
13. Zapata Computing
14. Honeywell
15. QC Ware
16. Others

 

Conclusion

The Global Quantum Computing market is driven by qubits, which, in contrast to traditional bits, can exist in several states simultaneously through superposition and entanglement. These events give quantum machines the ability to simultaneously investigate a wide range of computational possibilities, providing exponential speedups for tasks such as materials simulation, AI, drug modelling, optimisation, and cryptography. Qubits, on the other hand, are extremely delicate; in order to preserve stability, they need strong error correction and extremely cold settings, and they become decoherent when exposed to environmental disturbance. Even while fully fault-tolerant quantum computers are still years away, the area is gradually moving towards practical applications due to continuous advancements in hardware, algorithms, and quantum-resistant cryptography will further propel the Quantum Computing industry forward over the coming decade.

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

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