The Quantum Technology Monitor
Our annual publication tracks the development of quantum technologies, players, and industry adoption.
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Economic value is defined as the additional revenue and saved costs that the application of quantum computing can unlock. These four industries are the most likely to realize this value earlier than other industries; therefore, they are examined in more depth.
3
The potential 2040 market size is a sum of the upper ranges across quantum computing, quantum communication, and quantum sensing.
1
Total includes 38 companies that do two or more quantum technologies simultaneously.
2
4,763
QT-related patents granted in 2022
42,155
QT-related publications in 2023
Scientific progress
55
QT master’s degree programs
195
universities with QT research groups
Quantum-capable talent
Potential economic value from quantum computing
~$0.9T–$2T
across four industries by 2035: chemicals, life sciences, finance, and mobility³
$6.7B
invested
as of Dec 2023
261
start-ups
as of Dec 2023
estimated market size by 2040
$45B–$131B
Quantum computing
~$42B
total government investment announced
$173B
potential quantum technology market size by 2040¹
367
start-ups in the ecosystem²
$0.7B
invested
as of Dec 2023
48
start-ups
as of Dec 2023
estimated market size by 2040
$1B–$6B
Quantum sensing
$1.2B
invested
as of Dec 2023
96
start-ups
as of Dec 2023
estimated market size by 2040
$24B–$36B
Quantum communication
The quantum technology ecosystem in 2024
A growing ecosystem of global players is emerging to develop and commercialize quantum technologies.
