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North America Quantum Computing Market Size, Share & Trends Analysis Report By Offering (System, and Services), By Deployment, By Application, By End-user, By Country and Growth Forecast, 2024 - 2031

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 128 Pages Knowledge Based Value (KBV) Research February, 2025 KBV19639097
Best Price Guarantee
Price from $1,500
Length 128 Pages
Publisher Knowledge Based Value (KBV) Research
Published Date February, 2025
SKU KBV19639097

The North America Quantum Computing Market would witness market growth of 19.4% CAGR during the forecast period (2024-2031).

The US market dominated the North America Quantum Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,034.6 million by 2031. The Canada market is experiencing a CAGR of 21.8% during (2024 - 2031). Additionally, The Mexico market is expected to witness a CAGR of 20.9% during (2024 - 2031).

Quantum computing represents a revolutionary shift in computational technology, with the potential to drastically alter industries and redefine what is possible in the world of computation. Unlike classical computers, which process data using bits representing 0 or 1, quantum computers use quantum bits or qubits. These qubits exploit the principles of quantum mechanics—such as superposition and entanglement—which allow them to represent and process multiple states simultaneously.

Additionally, this unique ability enables quantum computers to solve problems that would be infeasible for classical computers, even with immense processing power. The quantum computing market, therefore, holds tremendous promise, with applications in various fields, including cryptography, artificial intelligence, materials science, and healthcare.

Canada is strengthening its position in the market through key government initiatives like the 2021 Canada Digital Government Strategy and the 2022 Digital Ambition Plan. These strategies aim to modernize public services and enhance digital capabilities, creating a strong foundation for quantum technologies. With Canada’s digital economy projected to grow at 9% annually through 2025, the demand for advanced computational solutions is expected to increase, further promoting the adoption of quantum computing across sectors. The government’s focus on digital transformation aligns with quantum computing’s potential to solve complex problems, optimize operations, and ensure data security. As Canada’s digital economy expands, quantum computing is poised to play a crucial role in sectors like healthcare, finance, and cybersecurity, driving innovation and supporting the country’s digital future.

Based on Offering, the market is segmented into System, and Services. Based on Deployment, the market is segmented into On-premise, and Cloud. Based on Application, the market is segmented into Optimization, Machine Learning, Simulation, and Other Application. Based on End-user, the market is segmented into BFSI, Healthcare, Automotive, Energy & Power, Government, Aerospace & Defense, Chemical, and Other End-user. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Google LLC (Alphabet Inc.)
  • Microsoft Corporation
  • IBM Corporation
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • QC Ware Corp.
  • SpinQ Technology Co., Ltd.
  • Rigetti Computing, Inc.
  • D-Wave Systems Inc.
  • Intel Corporation
  • Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
North America Quantum Computing Market Report Segmentation

By Offering
  • System
  • Services
By Deployment
  • On-premise
  • Cloud
By Application
  • Optimization
  • Machine Learning
  • Simulation
  • Other Application
By End-user
  • BFSI
  • Healthcare
  • Automotive
  • Energy & Power
  • Government
  • Aerospace & Defense
  • Chemical
  • Other End-user
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Quantum Computing Market, by Offering
1.4.2 North America Quantum Computing Market, by Deployment
1.4.3 North America Quantum Computing Market, by Application
1.4.4 North America Quantum Computing Market, by End-user
1.4.5 North America Quantum Computing Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Jan – 2025, Feb) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. North America Quantum Computing Market by Offering
5.1 North America System Market by Region
5.2 North America Services Market by Region
Chapter 6. North America Quantum Computing Market by Deployment
6.1 North America On-premise Market by Country
6.2 North America Cloud Market by Country
Chapter 7. North America Quantum Computing Market by Application
7.1 North America Optimization Market by Country
7.2 North America Machine Learning Market by Country
7.3 North America Simulation Market by Country
7.4 North America Other Application Market by Country
Chapter 8. North America Quantum Computing Market by End-user
8.1 North America BFSI Market by Country
8.2 North America Healthcare Market by Country
8.3 North America Automotive Market by Country
8.4 North America Energy & Power Market by Country
8.5 North America Government Market by Country
8.6 North America Aerospace & Defense Market by Country
8.7 North America Chemical Market by Country
8.8 North America Other End-user Market by Country
Chapter 9. North America Quantum Computing Market by Country
9.1 US Quantum Computing Market
9.1.1 US Quantum Computing Market by Offering
9.1.2 US Quantum Computing Market by Deployment
9.1.3 US Quantum Computing Market by Application
9.1.4 US Quantum Computing Market by End-user
9.2 Canada Quantum Computing Market
9.2.1 Canada Quantum Computing Market by Offering
9.2.2 Canada Quantum Computing Market by Deployment
9.2.3 Canada Quantum Computing Market by Application
9.2.4 Canada Quantum Computing Market by End-user
9.3 Mexico Quantum Computing Market
9.3.1 Mexico Quantum Computing Market by Offering
9.3.2 Mexico Quantum Computing Market by Deployment
9.3.3 Mexico Quantum Computing Market by Application
9.3.4 Mexico Quantum Computing Market by End-user
9.4 Rest of North America Quantum Computing Market
9.4.1 Rest of North America Quantum Computing Market by Offering
9.4.2 Rest of North America Quantum Computing Market by Deployment
9.4.3 Rest of North America Quantum Computing Market by Application
9.4.4 Rest of North America Quantum Computing Market by End-user
Chapter 10. Company Profiles
10.1 Google LLC (Alphabet Inc.)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.6 SWOT Analysis
10.2 Microsoft Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 IBM Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional & Segmental Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Geographical Expansions:
10.3.6 SWOT Analysis
10.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental Analysis
10.4.4 Recent strategies and developments:
10.4.4.1 Geographical Expansions:
10.4.5 SWOT Analysis
10.5 QC Ware Corp.
10.5.1 Company Overview
10.5.2 Recent strategies and developments:
10.5.2.1 Partnerships, Collaborations, and Agreements:
10.5.2.2 Product Launches and Product Expansions:
10.6 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Product Launches and Product Expansions:
10.6.6 SWOT Analysis
10.7 Rigetti Computing, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Regional Analysis
10.7.4 Research & Development Expenses
10.8 SpinQ Technology Co., Ltd.
10.8.1 Company Overview
10.8.2 Recent strategies and developments:
10.8.2.1 Partnerships, Collaborations, and Agreements:
10.8.2.2 Product Launches and Product Expansions:
10.9 D-Wave Systems Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 Recent strategies and developments:
10.9.5.1 Partnerships, Collaborations, and Agreements:
10.10. Intel Corporation
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 Recent strategies and developments:
10.10.5.1 Partnerships, Collaborations, and Agreements:
10.10.5.2 Product Launches and Product Expansions:
10.10.6 SWOT Analysis

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