Quantum Computing Market Is Projected To Grow USD 14.19 Billion by 2035, Reaching at a CAGR of 27.04% - openPR.com

The global quantum computing market is projected to reach $14.19 billion by 2035, growing at a 27.04% CAGR, reflecting rapid industry expansion and increasing enterprise adoption. This growth is driven by advancements in quantum hardware, software, and cloud-based solutions, with key players like IBM, Google, and IonQ accelerating commercialization efforts. Industries such as cryptography, drug discovery, and financial modeling are fueling demand, as quantum computing promises exponential speedups for complex problem-solving. North America currently leads the market, but Asia-Pacific is expected to see the fastest growth due to heavy government and private sector investments in quantum research. Challenges remain, including error correction and scalability, but breakthroughs in fault-tolerant systems could unlock broader applications by the mid-2030s.