The global quantum computing market is projected to grow from $0.8 billion in 2025 to $1.08 billion in 2026, with a compound annual growth rate (CAGR) of 35.2% through 2035, as industries like finance and pharmaceuticals increase adoption. By 2035, McKinsey estimates that revenues from quantum computing could reach up to $72 billion, driven by applications in optimization and drug discovery. In 2025 alone, quantum funding surged, reaching $3.77 billion in the first three quarters, more than doubling year-over-year, indicating a rapidly growing sector.
Key players in quantum technology include IonQ, IBM, and NVIDIA, which are expected to see significant growth by 2026. IonQ focuses on trapped-ion qubits and aims to achieve systems with 256+ physical qubits by then, projecting earnings growth of 65.8% and revenue growth of 83.3%. IBM has introduced a 120-qubit Quantum Nighthawk processor, targeting improved integration with classical computing by the end of 2026, with projected earnings growth of 7.5%. NVIDIA is enhancing hybrid quantum-classical computing with its CUDA-Q platform and plans to expand its research capabilities, expecting earnings growth of 55%.
Governments are also stepping up investments, committing around $1.8 billion to quantum initiatives in 2024, with cumulative global public funding reaching $10 billion by early 2025. The U.S. plans to allocate over $2.5 billion in federal quantum funding from 2026 to 2030, signaling a strong backing for quantum development and potential returns for strategic investors.
