India Quantum Computing Market Size, and Growth Report, 2032 - P&S Intelligence

India Quantum Computing Market Future Outlook The Indian quantum computing market values USD 98.4 million in 2025, and it is projected to grow at a CAGR of 24.9% during 2026–2032, to reach USD 465.8 million by 2032. The market expansion is driven by substantial government investments through the National Quantum Mission (NQM), increasing adoption across banking, healthcare, and defense sectors, and the emergence of indigenous quantum computing startups that are developing full-stack quantum solutions. The growing emphasis on quantum-safe cybersecurity is emerging as a major market trend. With traditional encryption methods facing potential obsolescence against quantum attacks, Indian enterprises, particularly in the BFSI sector, are investing in post-quantum cryptography solutions. Karnataka's announcement of a INR 1,000 crore Quantum Mission and plans to establish India's first Quantum City in Bengaluru further demonstrate the regional commitment to developing a robust quantum ecosystem. The market is witnessing increasing participation from both public and private sectors. Government agencies, including DRDO and ISRO, are actively developing quantum communication and sensing technologies for defense and space applications. Simultaneously, leading IT services companies such as TCS, Infosys, Wipro, and HCL Technologies have established dedicated quantum computing practices to serve enterprise clients. The emergence of indigenous startups developing full-stack quantum solutions, from hardware to application software, is creating a comprehensive domestic quantum technology ecosystem that reduces dependence on foreign providers.