Cloud-based Quantum Computing Market is expected to grow at a CAGR of 21.30% through 2030F
The
Global Cloud-based Quantum Computing Market is expected to be led by North
America, driven by strong technological infrastructure, major industry players,
and significant government and enterprise investments, during the forecast
period 2026-2030F
According to TechSci Research report, “Cloud-based Quantum Computing
Market - Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F, The Global Cloud-based Quantum Computing Market was
valued at USD 742.51 Million in 2024 and is expected to reach USD 2365.31
Million by 2030 with a CAGR of 21.30% through 2030.
The evolution
of quantum computing is not limited to hardware development; equally vital is
the progress in quantum software and programming frameworks. Cloud-based
platforms now offer rich software development kits, quantum programming
languages like Qiskit, Cirq, and Q#, and robust simulation environments. These
tools simplify the development of quantum applications and help bridge the
knowledge gap between classical and quantum computing paradigms. By leveraging
these cloud-accessible tools, software developers and data scientists can
explore quantum applications without deep expertise in quantum physics.
Open-source
initiatives and developer communities around cloud-based quantum platforms are
accelerating innovation. As more contributors share algorithms, optimization
strategies, and libraries, the barrier to entry continues to fall. Cloud-based
quantum computing is thus benefiting from a network effect, where growing usage
leads to better tools, which in turn attract more developers. This flywheel of
software innovation is essential for practical adoption, especially in
industries that demand rapid solution prototyping, such as artificial
intelligence, biotechnology, and climate modeling. As of 2024, IBM’s Qiskit
open-source framework has surpassed 400,000 installs and attracted over 40,000
contributors worldwide. This surge in developer engagement, driven by easy
cloud access to quantum processors and simulators, is fostering a dynamic
ecosystem where innovation in quantum algorithms, applications, and education
is rapidly accelerating across industry and academia.
As cloud
providers continue to invest in quantum capabilities, there is a marked shift
toward subscription-based Quantum-as-a-Service (QaaS) models. This business
model allows organizations to pay for quantum computing capabilities on a usage
basis, similar to how traditional cloud services are consumed. It significantly
lowers the barrier to entry for companies that want to explore quantum
computing without the need for large upfront investments in hardware or
personnel.
Leading cloud
service providers are packaging QaaS offerings with development environments,
algorithm libraries, and consultation services to support enterprise adoption.
These turnkey solutions are especially attractive to industries such as
pharmaceuticals, automotive, and finance, which are exploring quantum use cases
but lack internal quantum expertise. The QaaS model is expected to become the
dominant channel for commercial quantum computing access in the coming years,
aligning with broader trends in cloud-based service consumption.
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In
2024, the Simulation and Modelling segment rapidly emerged as the
fastest-growing technology segment in the Global Cloud-based Quantum Computing
Market. This surge was primarily driven by the increasing demand for solving
highly complex and resource-intensive problems that classical computers
struggle to handle efficiently. Quantum simulation allows researchers and
enterprises to replicate quantum-level interactions of molecules, materials,
and particles, unlocking new possibilities in sectors such as pharmaceuticals,
energy, materials science, and aerospace. The availability of cloud-based
quantum platforms has made it easier for companies to access these capabilities
without investing in expensive on-premises infrastructure.
A
key factor behind this segment’s rapid growth is its ability to deliver
exponential improvements in modeling accuracy and time efficiency. Industries
are leveraging quantum simulation to design better drugs, develop stronger
materials, and simulate financial markets more accurately. Cloud providers are
offering dedicated simulation tools, APIs, and hybrid quantum-classical
environments that make quantum modelling more accessible to non-specialist
users. This ease of access and reduced development overhead has contributed to
growing experimentation and real-world application development across both
public and private sectors.
The
Simulation and Modelling segment is expected to maintain its momentum due to
increasing investments, industry partnerships, and demand for high-precision
computational tools. As quantum hardware matures and algorithms become more
refined, simulation-based use cases will further expand. Governments and
multinational corporations are funding large-scale initiatives that focus
specifically on quantum-enabled simulation for climate change modeling,
chemical analysis, and next-generation material development. This strong and
diverse demand base positions simulation and modelling as a foundational driver
of innovation within the cloud-based quantum computing ecosystem over the next
decade.
In
2024, the Asia Pacific region rapidly emerged as the fastest-growing market in
the Global Cloud-based Quantum Computing Market, driven by increased
investments, supportive government policies, and a rising focus on digital
transformation. Countries such as China, Japan, South Korea, India, and
Singapore made significant strides in quantum research and infrastructure, with
national initiatives aimed at fostering innovation and talent development.
Cloud-based access has enabled academic institutions, startups, and enterprises
in the region to explore quantum applications without major capital
expenditures. The rise of partnerships between global tech firms and regional
stakeholders has accelerated adoption. With a strong commitment to advancing
quantum capabilities, Asia Pacific is expected to sustain its high-growth
trajectory in the coming years.
Key
market players in the Cloud-based Quantum Computing Market are: -
- IBM
Corporation
- Fujitsu
Limited
- Atos
SE
- IonQ,
Inc.
- D-Wave
Quantum Inc.
- Amazon.com,
Inc.
- Microsoft
Corporation
- Alphabet
Inc.
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“The
Global Cloud-based Quantum Computing Market is poised for robust growth driven
by increasing enterprise adoption, advancements in quantum hardware, and
expanding Quantum-as-a-Service offerings. As industries seek faster and more
efficient solutions for complex problem-solving, cloud accessibility will lower
entry barriers and fuel experimentation. Rising investments from governments
and private sectors, combined with growing integration of quantum computing
with artificial intelligence, will further accelerate market expansion.
Continuous improvements in qubit stability, error correction, and hybrid
workflows will enhance commercial viability. With ongoing ecosystem development
and global collaboration, the market is expected to witness exponential growth
across various sectors over the next decade.” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based global management consulting
firm.
“Cloud-based Quantum
Computing Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, By Offering (Software, Services), By Technology (Trapped Ions,
Quantum Annealing, Superconducting Qubits, Others), By Application
(Optimization, Simulation and Modelling, Sampling, Others), By End User
(Aerospace & Defense, BFSI, Healthcare, Automotive, Energy & Power,
Chemical, Government, Others), By Region &Competition, 2020-2030F” has evaluated the future growth
potential of Cloud-based Quantum Computing Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Cloud-based Quantum Computing Market.
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