Description
The global quantum computing market hit ~$1.4B in 2025 and is projected to reach $3B by 2028 at ~30% CAGR, driven by a notable shift toward on-premises hardware installations and away from cloud-only access — though a true “hockey stick” inflection awaits a clear demonstration of quantum advantage. Based on a survey of 99 QC companies around the world, quantum-level simulation dominates the near-term application landscape — computational chemistry (26%) and materials science (22%) together account for nearly half the market, while AI/ML prospects have steadily declined (from 23% in 2022 to 10% now), and the NISQ architecture is expected to command ~38% of 2028 revenues.
