Quantum Processing Unit Market Trends
The global quantum processing unit market size was estimated at USD 1.09 billion in 2024 and is expected to grow at a CAGR of 32.7% from 2025 to 2030. Significant investments in research and development by both public and private sectors improve quantum hardware capabilities, particularly in superconducting and trapped ion qubits.
Key Highlights:
- North America dominated the Quantum Processing Unit Market in 2024, accounting for a revenue share of over 35%
- The U.S. Quantum Processing Unit Market is anticipated to exhibit a significant CAGR over the forecast period
- In terms of segment, the hardware segment led the market in 2024, accounting for over 59% of global revenue
- In terms of segment, superconducting processors led the market in 2024 due to their relative maturity and widespread adoption in commercial quantum computers
- In terms of segment, the material science segment led the market in 2024
The growing need for high-performance computing across industries such as finance, pharmaceuticals, and materials science drives demand for quantum processors. In addition, advancements in quantum algorithms and error correction techniques improve the reliability and usability of QPUs, supporting their expanding adoption in real-world applications. Moreover, market growth is supported by increasing enterprise adoption of quantum computing for complex problem-solving tasks. Sectors such as drug discovery, financial modeling, and logistics benefit from quantum-enhanced simulations and optimizations, creating new commercial use cases. The rise of cloud-based quantum services further broadens access to QPUs, reducing barriers related to cost and infrastructure. Moreover, ongoing government initiatives and collaborations with private companies provide sustained funding and strategic support, accelerating innovation and scaling of quantum technologies.
Furthermore, future expansion depends on overcoming technical challenges such as qubit coherence, scalability, and integration with classical computing systems. Continuous hardware design and quantum software development improvements increase performance and practical utility. As quantum advantage becomes demonstrable in specific applications, more industries integrate QPUs into their workflows. This transition from research-focused usage to commercial deployment drives the market’s steady growth.
Offerings Insights
The hardware segment led the market in 2024, accounting for over 59% of global revenue. This can be attributed to hardware enabling quantum computations, including developing qubits and quantum chips. Hardware advancements, such as superconducting qubits and photonic processors, are foundational to the performance and scalability of quantum systems. Substantial investments by governments and the private sector in quantum hardware infrastructure further solidify the segment’s position in the market.
The software segment is anticipated to grow at the highest CAGR during the forecast period. This growth is driven by increasing demand for sophisticated quantum algorithms, programming frameworks, and quantum-as-a-service platforms that facilitate broader access to quantum computing capabilities. Software development is crucial for translating quantum hardware potential into practical applications across industries, including cryptography, optimization, and machine learning. Expanding cloud-based quantum computing services also accelerate software market growth by lowering entry barriers for end users.
Technology Insights
Superconducting processors led the market in 2024 due to their relative maturity and widespread adoption in commercial quantum computers. These processors leverage superconducting circuits to create stable qubits with relatively high coherence times, enabling more reliable quantum operations. Major industry players have invested heavily in superconducting technology, driving improvements in qubit fidelity and scalability. The established infrastructure and research around superconducting qubits make them the preferred choice for near-term quantum computing applications.
The photonic processors segment is anticipated to grow at the highest CAGR during the forecast period, reflecting increasing interest in photonic quantum computing approaches. Photonic processors use photons as qubits, offering advantages such as room-temperature operation and easier integration with existing optical communication technologies. Advances in photonic chip fabrication and quantum optics have improved the feasibility of scalable photonic quantum processors. This segment’s growth is supported by its potential for high-speed quantum information processing and compatibility with quantum communication networks.
Application Insights
The material science segment led the market in 2024. Quantum computing enables the simulation of complex molecular and atomic interactions that are difficult for classical computers. This capability supports the discovery and design of new materials with improved properties in pharmaceuticals, energy, and manufacturing industries. Quantum algorithms tailored for material science applications contribute to more efficient research and development processes. The segment’s revenue reflects the significant impact of quantum technologies on scientific innovation. For instance, in December 2024, the German Aerospace Center’s DLR QCI selected IQM Quantum Computers to create quantum embedding algorithms aimed at advancing materials science simulations as part of the QuantiCoM project. This collaboration focuses on creating efficient quantum models that simplify complex material systems while preserving essential physical properties, enabling the study of strongly correlated systems critical to solid-state physics and quantum chemistry.
The cybersecurity segment is expected to grow at the highest CAGR during the forecast period. This growth is driven by the need to develop quantum-resistant cryptographic methods in response to the potential threat quantum computing poses to classical encryption. Quantum cryptography and post-quantum cryptographic algorithms are receiving increased attention from governments and enterprises aiming to secure sensitive data. Investments in quantum-safe security solutions are rising as organizations prepare for the transition to quantum computing environments.
End Use Insights
The BFSI segment held the largest revenue share in 2024. This sector utilizes quantum computing for complex financial modeling, risk assessment, portfolio optimization, and fraud detection. The computational advantages of quantum algorithms enable faster and more accurate analysis of large datasets. BFSI institutions have allocated significant resources toward integrating quantum technologies into their operations. The demand for improved security and computational efficiency contributes to the segment’s revenue share.
The automotive and transportation segment is estimated to grow at the highest CAGR during the forecast period. Quantum computing applications in this sector include optimizing logistics, autonomous vehicle development, and supply chain management. Quantum algorithms address complex problems such as route optimization and traffic flow analysis more effectively than classical methods. For instance, in August 2022, Quantum Computing Inc. (QCI) resolved BMW’s vehicle sensor placement optimization challenge using its Entropy Quantum Computing (EQC) technology, addressing 3,854 variables and over 500 constraints in six minutes. Collaborations between automotive companies and quantum technology providers are increasing. The growing need for efficient and intelligent transportation systems drives market expansion in this segment.
Regional Insights
North America dominated the Quantum Processing Unit Market in 2024, accounting for a revenue share of over 35%, supported by substantial government funding, advanced research facilities, and numerous quantum technology companies. National initiatives and partnerships have accelerated research and commercialization efforts related to quantum processors. The concentration of academic institutions and private sector investments contributes to market activity.
U.S. Quantum Processing Unit Market Trends
The U.S. Quantum Processing Unit Market is anticipated to exhibit a significant CAGR over the forecast period. Federal programs and private sector investments provide financial and policy support for quantum research and infrastructure development. Collaboration between industry leaders, national laboratories, and universities facilitates technology advancement and commercialization. The presence of a strong startup ecosystem and access to venture capital also support market expansion.
Europe Quantum Processing Unit Market Trends
The Europe quantum processing unit (QPU) industry is expected to grow significantly over the forecast period. Coordinated government initiatives and funding programs promote research and development of quantum hardware, software, and applications. Cross-border collaborations within the European Union focus on advancing quantum communication and cryptography technologies. The EU’s Quantum Flagship program exemplifies efforts to unify research and industrial activities. Investments from startups and established firms further support market development in the region.
Asia Pacific Quantum Processing Unit Market Trends
The Asia Pacific quantum processing unit market is anticipated to register the highest CAGR over the forecast period, driven by government investments and strategic focus on quantum technology in countries such as China, Japan, and South Korea. The region benefits from a large, skilled workforce, manufacturing capabilities, and increasing public-private partnerships. Demand for quantum computing applications spans telecommunications, finance, healthcare, and other sectors. Establishing quantum research centers and infrastructure accelerates market expansion in the Asia Pacific region. For instance, in May 2025, IQM expanded its presence in the Asia Pacific region by installing its first quantum computer at Chungbuk National University (CBNU) in South Korea. This deployment of the 5-qubit IQM Spark system, completed within four months, marks a significant milestone as the first commercial quantum computer acquired through the Korean government’s official procurement process.
Key Quantum Processing Unit Company Insights
Some key companies in the quantum processing unit market are Accenture, Intel Corporation, Amazon Web Services, Inc., and IBM Corporation.
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Intel Corporation focuses on advancing scalable quantum hardware by improving qubit coherence, error correction, and integration with classical computing architectures. Leveraging its semiconductor expertise, Intel aims to develop practical, reliable quantum processors that can be commercialized for diverse applications. The company’s research efforts target overcoming technical challenges in quantum chip fabrication and performance to accelerate the transition from experimental devices to usable QPUs.
- Amazon Web Services, Inc. drives quantum computing adoption through its Amazon Braket service, which offers access to multiple quantum hardware platforms and simulators in a managed cloud environment. Collaborating with partners such as IonQ, AWS integrates advanced quantum error suppression software to improve performance on trapped ion QPUs. Its Quantum Solutions Lab and research centers foster innovation by enabling hybrid quantum-classical workflows and accelerating the development of quantum applications across logistics, finance, and chemistry industries.
Key Quantum Processing Unit Companies:
The following are the leading companies in the uantum processing unit market. These companies collectively hold the largest market share and dictate industry trends.
- Accenture
- Amazon Web Services, Inc.
- D-Wave Quantum Inc.
- Fujitsu
- Intel Corporation
- IBM Corporation
- Microsoft
- NVIDIA Corporation
- QuantWare
- Rigetti & Co, LLC.
Recent Developments
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In May 2025, Pasqal partnered with Google Cloud to offer access to its neutral-atom QPU through the Google Cloud Marketplace. This collaboration allows organizations using Google Cloud to run calculations via the Pasqal Cloud platform, leveraging an open-source software stack and a pay-as-you-go pricing model designed for beginners and quantum experts.
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In May 2025, QuantWare partnered with Q-CTRL to integrate Q-CTRL’s autonomous calibration software, Boulder Opal Scale Up, with QuantWare’s superconducting QPUs, including the Contralto-A QPU designed for quantum error correction. This collaboration aims to automate the traditionally manual and time-consuming calibration process, reducing system setup times from days to hours.
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In February 2025, Microsoft unveiled Majorana 1, the world’s first quantum chip based on a novel Topological Core architecture. Utilizing a breakthrough material known as topoconductor, which enables control of Majorana particles, the chip produces more reliable and scalable qubits. This architecture provides a clear path to scaling quantum computers to one million qubits on a single chip, a milestone for solving industrial-scale problems within years instead of decades.=
Quantum Processing Unit Market Report Scope
Report Attribute
Details
Market size in 2025
USD 1.44 billion
Revenue forecast in 2030
USD 5.96 billion
Growth rate
CAGR of 32.7% from 2025 to 2030
Actual data
2017 – 2024
Forecast period
2025 – 2030
Quantitative units
Revenue in USD billion/million and CAGR from 2025 to 2030
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered
Offerings, technology, application, end use, region
Regional scope
North America; Europe; Asia Pacific; Latin America; MEA
Country scope
U.S.; Canada; Mexico; Germany; UK; France; China; India; Japan; Australia; South Korea; Brazil; UAE; South Africa; KSA
Key companies profiled
Accenture; Amazon Web Services, Inc.; D-Wave Quantum Inc.; Fujitsu; Intel Corporation; IBM Corporation; Microsoft; NVIDIA Corporation; QuantWare; Rigetti & Co, LLC.
Customization scope
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs. Explore purchase options
Global Quantum Processing Unit Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global quantum processing unit market report based on the offerings, technology, application, end use, and region.
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Offerings Outlook (Revenue, USD Million, 2017-2030)
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Hardware
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Software
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Services
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Technology Outlook (Revenue, USD Million, 2017-2030)
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Application Outlook (Revenue, USD Million, 2017-2030)
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Factory Automation
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Material Science
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Environment Monitoring
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Cybersecurity
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Others
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End Use Outlook (Revenue, USD Million, 2017-2030)
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Regional Outlook (Revenue, USD Million, 2017-2030)
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North America
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Europe
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Asia Pacific
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China
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India
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Japan
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Australia
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South Korea
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Latin America
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MEA
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Frequently Asked Questions About This Report
b. The global quantum processing unit market size is estimated at USD 1.09 billion in 2024 and is expected to reach USD 1.44 billion in 2025.
b. The global quantum processing unit market is expected to grow at a compound annual growth rate of 32.7% from 2025 to 2030 to reach USD 5.96 billion by 2030.
b. North America dominated the quantum processing units (QPU) market with a share of over 35% in 2024 due to its robust ecosystem of leading quantum computing research institutions, significant government funding, and the presence of major tech companies heavily investing in quantum technology development.
b. Some key players operating in the QPU market include Accenture, Amazon Web Services, Inc., D-Wave Quantum Inc., Fujitsu, Intel Corporation, IBM Corporation, Microsoft, NVIDIA Corporation, QuantWare, and Rigetti & Co, LLC.
b. Key factors driving the quantum processing unit market’s growth include the increasing demand for solving complex computational problems beyond classical computing capabilities, the growing adoption of quantum computing across diverse industries like healthcare, finance, and cybersecurity, and continuous advancements in quantum hardware and software technologies.