# Quantum computing market growth and commercialization

> Live situation record from CLSTR: https://clstr.news/situations/quantum-computing-market-growth-and-commercialization
> Updated: 2026-10-08T15:21:00.000Z. Sources: 7. Developments: 2.

The quantum computing market is transitioning from experimental research toward commercial applications. Early projections estimated the global market would grow from USD 3.52 billion in 2025 to USD 20.20 billion by 2030, driven by advances in hardware, cloud accessibility, and Quantum Computing as a Service (QCaaS).

Subsequent forecasts suggest even more significant long-term growth, with McKinsey predicting the market could reach $100 billion by 2035. This expansion is expected to be fueled by advancements in quantum processors, algorithms, and error correction. While industry players like IonQ have reported significant sales increases, companies continue to face challenges regarding profitability and hardware complexity.

## Timeline

### 2026-10-08: Quantum computing market projected to reach $100 billion by 2035

The quantum computing market is moving toward commercialization, with McKinsey forecasting a $100 billion valuation by 2035 as companies like IonQ and IBM advance hardware and software capabilities.

6 sources. https://clstr.news/cluster/quantum-computing-market-projected-to-reach-100-billion-by-2035

### 2026-10-06: Quantum computing market projected to reach USD 20.20 billion by 2030

The global quantum computing market is projected to grow from USD 3.52 billion in 2025 to USD 20.20 billion by 2030, driven by advancements in hardware and cloud-based services.

3 sources. https://clstr.news/cluster/quantum-computing-market-projected-to-reach-usd-2020-billion-by-2030

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Cite as: Quantum computing market growth and commercialization. CLSTR, https://clstr.news/situations/quantum-computing-market-growth-and-commercialization