Quantum Computing Market to Reach $21.86 Billion by 2035 as CAGR Tops 30.9%
Updated
Updated · Yahoo Finance · Aug 12
Quantum Computing Market to Reach $21.86 Billion by 2035 as CAGR Tops 30.9%
2 articles · Updated · Yahoo Finance · Aug 12
Summary
$21.86 billion is the projected size of the global quantum computing market in 2035, up from $1.93 billion in 2026, according to a new BIS Research report.
30.92% annual growth is being driven by heavier quantum R&D spending, wider enterprise use in healthcare, finance, aerospace and logistics, and demand for computing power beyond classical systems.
Cloud-based access and hybrid quantum-classical architectures are expanding practical adoption, while advances in qubits, error correction and quantum software improve performance and accessibility.
High costs, scalability limits, error rates, infrastructure demands and a shortage of skilled workers still constrain broader commercialization even as vendors deepen partnerships and industry-specific offerings.
As quantum bookings skyrocket by 1,120 percent, are enterprises buying real computational power or just fueling a massive FOMO-driven tech bubble?
Can breakthroughs in error correction overcome massive hardware complexities before investors lose patience with the quantum commercialization timeline?
With adversaries harvesting encrypted data today, will cloud providers deploy post-quantum security fast enough to prevent a catastrophic future breach?