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North America Quantum Computing Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Semiconductors and Electronics | Upcoming Report | Nov 2021 | North America | 350 Pages | No of Tables: 220 | No of Figures: 60
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North America Quantum Computing Market

Market Size in USD Billion

CAGR :  %

USD 453.10 Million USD 1,987.50 Million 2024 2032
Forecast Period
2025 –2032
Market Size(Base Year)
USD 453.10 Million
Market Size (Forecast Year)
USD 1,987.50 Million
CAGR
%
Major Markets Players
  • Honeywell International
  • Inc.
  • Accenture
  • Fujitsu
  • Rigetti & Co

North America Quantum Computing Market, By System (Single Qubit Quantum System, Multiple Qubit System), Qubits (Trapped Ion Qubits, Semiconductor Qubits and Super Conducting), Offering (Systems, Services), Deployment Model (On-Premises, Cloud), Component (Hardware, Software and Services), Application (Cryptography, Simulation, Parallelism, Machine Learning, Algorithms, Others), Logic Gates (Toffoli Gate, Hadamard Gate, Pauli Logic Gates and Others), Verticals (Banking And Finance, Healthcare and Pharmaceuticals, Defense, Automotive, Chemical, Utilities, Others), - Industry Trends and Forecast to 2032

Quantum Computing Market

North America Quantum Computing Market Size

  • The North America Quantum Computing market size was valued at USD 453.1 Million in 2024 and is expected to reach USD 1,987.55 Million by 2032, at a CAGR of 20.30% during the forecast period
  • Growing awareness about the advantages of quantum computing technology such as its exponential speed for amplified optimization and vital calculations and rise in investments in quantum computing technology will emerge as the major factor driving market growth.

North America Quantum Computing Market Analysis

  • Quantum computing is an area of advanced developing computer technology study that harnesses the phenomena of quantum mechanics that helps facilitate new discoveries in various sectors. Quantum computing technology processes information at atomic and sub atomic level through quantum computers and focuses on the development of technologies centered on the principles of quantum theory and quantum mechanics.
  • Rising demand and application of this technology by the healthcare and pharmaceuticals industry will further aggravate the market growth rate. Surge in number of strategic partnerships and collaborations to carry out advancements, rising research and development proficiencies and early adoption of quantum computing in the banking and finance sector are other important market growth determinants.
  • U.S. dominates the North America Quantum Computing market with the largest revenue share of 45.01% in 2025, U.S. quantum computing growth is driven by government-backed initiatives like Vision 2030, aiming to diversify the economy through advanced technologies. Strategic partnerships, such as with Pasqal, support innovation in energy optimization, logistics, and climate modeling, aligning national interests with cutting-edge quantum research and development.
  • Canada is expected to be the fastest growing region in the North America Quantum Computing market during the forecast period due to strong governmental support, investment in R&D, and institutions like the Technology Innovation Institute. The nation's tech-forward vision and strategic global collaborations position it as a quantum innovation hub focused on defense, cybersecurity, and financial modeling applications across public and private sectors.
  • The Single Qubit Quantum System segment is anticipated to hold the largest market share of 61.9% in the North America Quantum Computing Market during the forecast period. The Single Qubit Quantum System segment in the North America market is driven by increasing investments in foundational quantum research and education. Early-stage adoption by academic institutions and startups fuels innovation, laying the groundwork for scalable quantum technologies and future multi-qubit system development in the region.

Report Scope and North America Quantum Computing Market Segmentation

Attributes

North America Quantum Computing Key Market Insights

Segments Covered

  • By System: Single Qubit Quantum System, Multiple Qubit System
  • By Qubits: Trapped Ion Qubits, Semiconductor Qubits and Super Conducting
  • By Offering: Systems, Services
  • By Deployment Model: On-Premises, Cloud
  • By Component: Hardware, Software and Services
  • By Application: Cryptography, Simulation, Parallelism, Machine Learning, Algorithms, Others
  • By Logic Gates: Toffoli Gate, Hadamard Gate, Pauli Logic Gates and Others
  • By Verticals: Banking And Finance, Healthcare and Pharmaceuticals, Defense, Automotive, Chemical, Utilities, Others

Countries Covered

North America

  • U.S.
  • Canada
  • Mexico

Key Market Players

  • Honeywell International, Inc.
  • Accenture
  • Fujitsu
  • Rigetti & Co, Inc.
  • 1QB Information Technologies, Inc.
  • IonQ, Atom Computing, Inc.
  • ID Quantique
  • QuintessenceLabs
  • Toshiba Research Europe Ltd.
  • Microsoft
  • The Xanadu
  • Magiq Technologies, Inc.
  • NEC Corporation
  • Anyon System. Inc.
  • CAMBRIDGE QUANTUM COMPUTING LTD
  • QCWare
  • Intel Corporation

Market Opportunities

  • Emerging Research and Development Hubs Driving Quantum Innovation
  • Government Initiatives and Strategic Partnerships Fueling Market Growth

Value Added Data Infosets

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

North America Quantum Computing Market Trends

Accelerating Quantum Adoption through Strategic Research and Partnerships

  • The North America region is witnessing growing investments in quantum computing research hubs, particularly in countries like the U.S. and Mexico, aiming to establish themselves as leaders in quantum technology innovation.
  • Collaboration between governments, academic institutions, and private companies is fueling advancements in quantum algorithms, hardware development, and software applications tailored to regional needs.
  • Increasing awareness of quantum computing’s potential in solving complex problems related to cryptography, materials science, and optimization is driving interest across sectors such as finance, healthcare, and energy.
  • The emergence of cloud-based quantum computing services is making quantum resources accessible to startups and SMEs in the region, accelerating experimentation and application development.
  • Focus on developing quantum-safe cryptography solutions is rising due to increasing cybersecurity threats, pushing demand for quantum-resistant encryption technologies in government and defense sectors.
  • Growing adoption of hybrid quantum-classical computing models is facilitating gradual integration into existing IT infrastructures, reducing barriers to adoption.

North America Quantum Computing Market Dynamics

Driver

“Government Initiatives and Investments Boosting Quantum Technology”

  • Governments in the North America region are launching national quantum strategies and funding programs to foster innovation ecosystems around quantum computing, encouraging startups and research collaborations.
  • Public-private partnerships are playing a critical role in developing quantum infrastructure, including quantum communication networks and data centers equipped for quantum processing.
  • The increasing digitization of critical industries such as oil and gas, finance, and healthcare drives the need for quantum-powered analytics and optimization, enhancing operational efficiency and competitive advantage.
  • Growing interest from financial institutions to utilize quantum algorithms for portfolio optimization and risk analysis is a significant growth factor.
  • The strategic importance of quantum technology for national security and defense is leading to increased investments in quantum sensors and quantum cryptography solutions.

Restraint/Challenge

High Technical Complexity and Limited Skilled Workforce

  • The nascent stage of the quantum computing ecosystem in North America faces challenges related to the shortage of skilled quantum scientists, engineers, and developers, impeding rapid market growth.
  • Building and maintaining quantum hardware require highly specialized infrastructure, such as cryogenic cooling systems and noise isolation, which increases deployment costs and complexity.
  • Lack of standardized quantum computing frameworks and limited interoperability among various quantum platforms hinder seamless integration into existing systems.
  • Quantum error correction and stability remain significant technical barriers, limiting practical applications and scalability in the near term.
  • Regulatory uncertainties regarding data privacy and export controls on quantum technologies create additional risks for investors and companies operating in the region.
  • High upfront capital expenditure for quantum hardware and associated infrastructure is a considerable hurdle for many enterprises and governments looking to adopt quantum computing solutions.

North America Quantum Computing Market Scope

The market is segmented on the system, qubits, offering, deployment model, component, application, logic gates and verticals.

Segmentation

Sub-Segmentation

By System

  • Single Qubit Quantum System
  • Multiple Qubit System

By Qubits

  • Trapped Ion Qubits
  • Semiconductor Qubits
  • Super Conducting

By Offering

  • Systems
  • Services

By Deployment Model

  • On-Premises
  • Cloud

By Component

  • Hardware
  • Software
  • Services

By Application

  • Cryptography
  • Simulation
  • Parallelism
  • Machine Learning
  • Algorithms
  • Others

By Logic Gates

  • Toffoli Gate
  • Hadamard Gate
  • Pauli Logic Gates
  • Others

By Verticals

  • Banking And Finance
  • Healthcare and Pharmaceuticals
  • Defense
  • Automotive
  • Chemical
  • Utilities
  • Others

North America Quantum Computing Market Scope

The market is segmented on the basis system, qubits, offering, deployment model, component, application, logic gates and verticals.

  • By System

On the basis of system, the North America Quantum Computing market is segmented into single qubit quantum system, multiple qubit system. The single qubit quantum system segment dominates the largest market revenue share of 52.1% in 2025, The single qubit segment is driven by growing academic and early-stage commercial interest. These systems serve as foundational platforms for research, enabling testing of algorithms and error correction techniques critical to developing scalable quantum computing in the North America region.

The multiple qubit system segment is anticipated to witness the fastest growth rate of 20.1% from 2025 to 2032, Demand for multiple qubit systems is rising as regional institutions aim to solve more complex computational problems. Their ability to handle larger datasets and run advanced algorithms makes them essential for simulations, optimization, and machine learning applications in North America industries.

  • By Qubits

On the basis of qubits, the North America Quantum Computing market is segmented into trapped ion qubits, semiconductor qubits and super conducting. The trapped ion qubits held the largest market revenue share in 2025, Trapped ion technology is gaining traction in North America due to its high fidelity and long coherence times. Government-backed research programs and international collaborations are encouraging adoption for secure communications, scientific simulations, and defense-related quantum advancements.

The semiconductor qubits segment is expected to witness the fastest CAGR from 2025 to 2032 Semiconductor qubits are driven by compatibility with existing fabrication technologies. North America countries investing in chip manufacturing and nanotechnology view this architecture as scalable, cost-effective, and suitable for commercial applications, making it attractive for future regional quantum development.

  • By Offering

On the basis of offering, the North America Quantum Computing market is segmented systems, services. The system held the largest market revenue share in 2025, Quantum systems are in demand across North America as nations look to build self-reliant quantum infrastructure. Investments focus on building quantum computers and processors for national labs, universities, and enterprise pilots addressing regional challenges in logistics, energy, and defense.

The services segment is expected to witness the fastest CAGR from 2025 to 2032, Growth in services is fueled by demand for consulting, training, and system integration support. Organizations require expertise to implement quantum solutions, driving service providers to deliver workshops, simulations, and managed access to hardware via cloud platforms in North America.

  • By deployment model

On the basis of deployment model, the North America Quantum Computing market is segmented into on-premises, cloud. The on-premises held the largest market revenue share in 2025, On-premises deployment is driven by the need for data control, security, and compliance, especially in sectors like defense and finance. North America governments prefer localized infrastructure to ensure sovereignty over sensitive quantum computing operations and research data.  

The cloud segment is expected to witness the fastest CAGR from 2025 to 2032, Cloud-based quantum computing is accelerating adoption by offering flexible, low-barrier access. Startups, researchers, and SMEs in North America leverage cloud platforms to experiment with quantum algorithms without heavy infrastructure investments, fostering innovation and practical use-case testing.

  • By Application

On the basis of application, the North America Quantum Computing market is segmented cryptography, simulation, parallelism, machine learning, algorithms, others. The cryptography held the largest market revenue share in 2025, Rising cybersecurity threats are driving North America interest in quantum-safe cryptography. Governments and financial institutions seek encryption methods resistant to quantum attacks, positioning quantum cryptography as a strategic priority for national security and data protection in the digital age.

The simulation segment is expected to witness the fastest CAGR from 2025 to 2032, Quantum simulation is vital for solving regional challenges in energy, pharmaceuticals, and materials. North America institutions are adopting quantum systems to simulate molecular interactions and physical systems, enabling breakthroughs in sustainability, drug development, and industrial innovation.

  • By logic gates

On the basis of logic gates, the North America Quantum Computing market is segmented into toffoli gate, hadamard gate, pauli logic gates and others, aerospace and defense, pharmaceuticals, plastics and polymers, metals and machining, food and beverages, cosmetics and others. The toffoli gate segment accounted for the largest market revenue share in 2024 and it is expected to witness the fastest CAGR from 2025 to 2032. Toffoli gates, crucial for quantum error correction and reversible logic, are gaining research attention in North America. Their role in complex quantum circuits supports algorithm development, driving academic and experimental interest in creating more reliable quantum systems.

  • By verticals

On the basis of verticals, the North America Quantum Computing market is segmented into banking and finance, healthcare & pharmaceuticals, defense, automotive, chemical, utilities, others. The banking and finance segment accounted for the largest market revenue share in 2024 and it is expected to witness the fastest CAGR from 2025 to 2032. North America financial sector is exploring quantum computing for risk modeling, fraud detection, and portfolio optimization. As fintech grows, banks seek competitive advantage through faster data processing and secure transactions enabled by quantum technologies and encryption.

U.S Quantum Computing Market Insight

The U.S. North America Quantum Computing market captured the largest revenue share of 44.01% within U.S. in 2025, U.S. is driving quantum computing adoption through Vision 2030, emphasizing technology diversification and innovation. Strategic partnerships, such as with Pasqal for the country’s first quantum computer, support national ambitions in energy, logistics, and AI. Government funding, research collaboration, and a growing tech ecosystem are positioning the Kingdom as a regional hub for quantum advancement.

Canada Quantum Computing Market Insight

The Canada North America Quantum Computing market is poised to grow at the fastest CAGR of over 24.1% in 2025, The Canada is accelerating quantum computing development through strong governmental support and advanced research centers like the Technology Innovation Institute. Strategic investments, global partnerships, and initiatives like Qubits Canada highlight its commitment to leading in quantum science. The country focuses on real-world applications in finance, cybersecurity, and smart cities, aligning with its digital economy strategy.

North America Quantum Computing Market Share

The North America Quantum Computing industry is primarily led by well-established companies, including:

  • Honeywell International, Inc.
  • Accenture
  • Fujitsu
  • Rigetti & Co, Inc.
  • 1QB Information Technologies, Inc.
  • IonQ, Atom Computing, Inc.
  • ID Quantique
  • QuintessenceLabs
  • Toshiba Research Europe Ltd.
  • Microsoft
  • The Xanadu
  • Magiq Technologies, Inc.
  • NEC Corporation
  • Anyon System. Inc.
  • CAMBRIDGE QUANTUM COMPUTING LTD
  • QCWare
  • Intel Corporation

Latest Developments in North America Quantum Computing Market

  • In December 2023, IBM unveiled the Quantum System Two, a modular, utility-scale quantum computer. This system, featuring three Heron processors, aims to enhance quantum capabilities for scientific and industrial applications, marking a significant advancement in quantum computing infrastructure.
  • In October 2023, Alice & Bob, a French quantum computing startup, opened a new office in Boston. This expansion aims to introduce their "cat qubits" technology to the U.S. market, leveraging Boston's rich quantum ecosystem and deep-tech venture capital community.
  • In 2023, IonQ, based in Maryland, continues to develop general-purpose trapped ion quantum computers. Their advancements in quantum circuit optimization and execution are contributing to the growth of quantum computing capabilities in North America, supporting various scientific and industrial applications.
  • In November 2022, QuEra Computing released its 256-qubit machine, Aquila, to the general public through Amazon's Braket cloud service. This release enables broader access to quantum computing resources, fostering innovation and research in the field.

 


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North America Quantum Computing Market, Supply Chain Analysis and Ecosystem Framework

To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its North America Quantum Computing Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as North America Quantum Computing Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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