Quantum Computing Market Share

North American Market Forecast

North America quantum computing market share is projected to be the largest by 2037, at around 38%. The market share domination can be attributed majorly to the increasing demand for faster computing capabilities that can help organizations and industries solve complex problems. Quantum computing can solve certain tasks much faster than traditional computing methods and is being increasingly adopted by organizations across North America.

Additionally, the launch of advanced computers by major quantum computing companies such as IBM and Microsoft, as well as government initiatives like the National Quantum Initiative in the US, are projected to fuel regional market growth.

APAC Market Statistics

By the end of 2037, Asia Pacific market will register 27% revenue share, as the region has seen a rise in investments in quantum computing projects and research, as well as partnerships between government and private organizations. As a result, there has been a rise in the number of quantum computing startups.

Furthermore, the region has access to a large and growing pool of tech talent, which is driving the development of the industry. As more people become educated in the field of quantum computing, they are creating an ever-increasing pool of potential talent that can be used to develop quantum computing applications and products.

Europe Market Forecast

Europe quantum computing market is anticipated to grow substantially through 2037, led by the development of advanced quantum devices such as qubits and entanglement, as well as the increasing number of collaborations between industry and academia. The presence of numerous startups and venture capitalists in the region will further propel the market revenue.

Moreover, government initiatives such as Quantum Technologies Flagship of the European Commission also supports the industry expansion. The Quantum Technologies Flagship is a multi-year research and innovation project that aims at positioning Europe at the forefront of the second quantum revolution through long-term research and innovation.