Quantum Computing Market Insights
The quantum computing market is projected to grow from approximately $4 billion today to a staggering $72 billion by 2035, according to McKinsey. Major players like Nvidia, IBM, and Alphabet are actively developing technologies in this field, offering lower risk for investors compared to startups in the sector.
Nvidia, with a market cap of $4.57 trillion, is heavily invested in hybrid quantum computing solutions, showcasing a net income margin of 53% and an 87% compound annual growth rate in revenue over the past three years. IBM, a pioneer in quantum tech since the 1970s, currently has its Nighthawk quantum processor featuring 120 qubits, with scalable systems expected to evolve by 2028. Alphabet’s Willow quantum computer famously solved a complex problem in five minutes, a task that would take classical supercomputers 10 septillion years, marking significant advancements in quantum accuracy and error rates.
