Quantum Technology Market Report 2026

Quantum Technology Market Overview

• Quantum Technology market size has reached to $1.88 billion in 2025 • Expected to grow to $5.41 billion in 2030 at a compound annual growth rate (CAGR) of 22.7% • Growth Driver: Quantum Technology Market Growth Driven By Rising Cybercrimes And Financial Fraud • Market Trend: Revolutionizing Problem-Solving Through Advanced Quantum Technologies • North America was the largest region in 2025.

What Is Covered Under Quantum Technology Market?

Quantum technology refers to the field of science and engineering that harnesses the principles of quantum mechanics to develop new technologies, devices, and systems with unique capabilities and functionalities. Quantum technology exploits the quantum properties of particles, such as superposition, entanglement, and quantum coherence, to manipulate and control quantum states for practical applications in various domains. The main types of quantum technology market are hardware, software, and service. The hardware segment of the quantum technology market refers to the physical components and devices that enable quantum computing, communication, and sensing. The various applications include cybersecurity, drug development, financial modeling, artificial intelligence, and other applications used by various end-users such as transport and logistics, banking and finance, aerospace and defense, education, information technology (IT) and telecommunication, healthcare and pharmaceuticals, automotive, and others.

What Is The Quantum Technology Market Growth Forecast?

The quantum technology market size is expected to see exponential growth in the next few years. It will grow to $5.41 billion in 2030 at a compound annual growth rate (CAGR) of 22.7%. The growth in the forecast period can be attributed to increasing enterprise adoption of quantum computing services, rising investments in quantum-safe cryptography, expansion of commercial quantum cloud platforms, growing demand for advanced simulation capabilities, increasing integration of quantum technologies into enterprise workflows. Major trends in the forecast period include increasing development of fault-tolerant quantum systems, rising focus on quantum algorithm optimization, growing commercialization of quantum computing services, expansion of quantum communication infrastructure, enhanced emphasis on quantum hardware scalability.

What Is The Driver Of The Quantum Technology Market?

The rising cybercrimes and financial fraud are expected to propel the quantum technology market. Cybercrimes and financial fraud encompass a range of illegal activities conducted through digital means, including hacking, identity theft, phishing scams, data breaches, and fraudulent financial transactions. Financial fraud and cybercrime are rising due to growing internet usage, digitalization, strong cybersecurity, interconnectedness, and anonymity. Quantum technology has the potential to revolutionize cybersecurity and financial fraud prevention by offering secure cryptographic solutions, resilient network infrastructures, entropy-rich random number generation, privacy-preserving computation, and advanced fraud detection capabilities. For instance, in March 2023, according to the Federal Bureau of Investigation, a US-based government agency, the amount lost to investment scams increased by 38%, from $3.31 billion in 2022 to $4.57 billion in 2023. Furthermore, in March 2024, according to AAG IT Services, a UK-based company that provides computer support and services, cyberattacks, and breaches were reported by 32% of UK organizations in 2023, for medium-sized and large corporations, the percentages rose to 59% and 69%, respectively. Therefore, rising cybercrime and financial fraud are driving the growth of the quantum technology industry.

Key Players In The Global Quantum Technology Market

Major companies operating in the quantum technology market are Huawei Technologies Co. Ltd., Samsung Electronics, Microsoft Corporation, Dell Technologies Inc., Amazon Web Services, Hitachi Ltd., Siemens AG, Raytheon Technologies Corporation, Lockheed Martin Corporation, General Electric Company (GE), Intel Corporation, Airbus SE, Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., Fujitsu Limited, Nokia Corporation, BAE Systems plc, Toshiba Corporation, NEC Corporation, Thales Group, Quantum Computing Inc.

Global Quantum Technology Market Trends and Insights

Major companies operating in the quantum technology market are focusing on technological advancements such as quantum optimization platforms, to sustain their position in the market. Quantum optimization platforms are computing systems or software frameworks designed to solve optimization problems using quantum computing principles. For instance, in February 2024, Quantum Computing Inc., a US-based software company, launched the Dirac-3 (Dirac) entropy quantum computer (EQC). This apparatus is intended to employ nonlinear quantum optics to solve complicated problems with more variables that call for unusual solutions. This unique feature broadens the application of quantum technology beyond the current market's available quantum computing devices that employ quantum bits (qubits) and the larger class of optimization problems. The Dirac system operates at room temperature, can be installed on-site, and requires no extra infrastructure for daily use.

What Are Latest Mergers And Acquisitions In The Quantum Technology Market?

In August 2024, Scope AI Corp., a Canada-based cloud-security and AI company, acquired QSE Technology from Ovryde Ltd. for US$400,000 plus 2.8 million common shares. Through this acquisition, Scope AI aims to strengthen its quantum-secure cybersecurity capabilities by integrating Ovryde’s proprietary quantum-resilient entropy platform and expanding its offerings in quantum-secure storage and encryption-as-a-service. QSE Technology, US-based quantum-security company providing quantum-resilient entropy as a service, plus encrypted cloud, on-premise, and decentralized storage solutions.

What Defines the Quantum Technology Market?

The quantum technology market includes revenues earned by entities by providing services such as quantum computing services, quantum communication services, quantum sensing and metrology services, quantum cryptography services, quantum simulation services, and quantum materials research services. The market value includes the value of related goods sold by the service provider or included within the service offering. The quantum technology market also consists of sales of products including quantum metrology instruments, quantum computers, quantum sensors, quantum communication devices, quantum imaging systems, and quantum materials and devices. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Quantum Technology Market Report 2026?

The quantum technology market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the quantum technology industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.