The Race to Build a Quantum Computer Is Paved With Gold - Says IDTechEx
07.08.2025 - 18:04:48With so many competing quantum computing technologies across a fragmented landscape, determining which approaches are likely to dominate is essential in identifying opportunities within this exciting industry. IDTechEx's new report, "Quantum Computing Market 2024-2044: Technology, Trends, Players, Forecasts", covers the hardware that promises a revolutionary approach to solving the world's unmet challenges. Drawing on extensive primary and secondary research, including interviews with companies and attendance at multiple conferences, this report provides an in-depth evaluation of the competing quantum computing technologies: superconducting, silicon-spin, photonic, trapped-ion, neutral-atom, topological, diamond-defect and annealing.
These competing quantum computing technologies are compared by key benchmarks, including qubit number, coherence time, and fidelity. The scalability of whole computer systems is appraised – incorporating hardware needs for qubits initialization, manipulation, and readout. This results in a twenty-year market forecast covering 2024-2044. The total addressable market for quantum computer use is converted to hardware sales over time, accounting for advancing capabilities and the cloud access business model. The entire hardware market is forecast to grow to US$800M by 2034. This growth will be driven by applications in pharmaceutical, chemical, aerospace, and finance, leading to increased installation of quantum computers into data centers, research institutes, and private networks alike. Revenue and volume forecasts are split into eight forecast lines for each methodology covered. Historic data on the number of quantum computer start-ups utilizing each methodology and the qubit milestones achieved are also included.
Key questions answered in this report include:
What is quantum computing, and what is the state of the industry?How is quantum computing benchmarked? What is the current and future status of the key players and competing quantum computing technologies?How can the commercial potential of quantum computer hardware be assessed?What are the competing quantum computing technologies, how do they work, and what are the opportunities and challenges for both qubits and readout systems?What are the underlying platforms and infrastructure needs of quantum computers, such as cooling systems and thermal management?What are the prospects for revenue generation from quantum computer hardware?How will the market evolve in the short, medium, and long term, and when are inflexion points for commercial value and on-premises ownership anticipated?To find out more about the new IDTechEx report "Quantum Computing Market 2024-2044: Technology, Trends, Players, Forecasts", including downloadable sample pages, please visit www.IDTechEx.com/QuantumComputing.
For the full portfolio of market research available from IDTechEx, please visit www.IDTechEx.com.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com.
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