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U.S. Leads Quantum Computing Patent Awards in 2024
The United States has significantly outpaced other countries in quantum computing patents awarded in 2024, with major contributions from IBM and Alphabet, which obtained 117 and 63 patents respectively. IBM’s patents reflect a 16% decrease from the previous year, while Alphabet’s increased by 13%.
Among pure-play quantum computing companies, Rigetti secured the highest number of U.S. quantum patents in 2024, totaling 19. Additionally, the global quantum computing market for hardware and software is projected to grow from approximately $1.4 billion in 2024 to between $90 billion and $170 billion by 2040, indicating a compound annual growth rate (CAGR) of about 30% to 35%.
| Rank | Company | Country | Number of 2024 U.S. Quantum Computing Patents | Year-Over-Year Change |
|---|---|---|---|---|
| 1 | IBM | U.S. | 117 | (16%) |
| 2 | Alphabet | U.S. | 63 | 13% |
| 3 | Microsoft | U.S. | 21 | (45%) |
| 4 (tie) | Rigetti Computing | U.S. | 19 | 36% |
| 4 | Wells Fargo | U.S. | 19 | (14%) |
| 6 | Amazon | U.S. | 17 | 31% |
| 7 (tie) | Honeywell | U.S. | 14 | 1,300% |
| 7 | IonQ | U.S. | 14 | 8% |
| 9 | Psiquantum | U.S. | 13 | 117% |
| 10 | Bank Of America | U.S. | 11 | 38% |
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