Quantum computing revenue to surge to $9.4 billion by 2030, Juniper Research reveals

A new report from Juniper Research predicts that the global revenue from quantum computing technology will grow significantly in the coming years, rising from $2.7 billion in 2024 to $9.4 billion by 2030. 

The research, which covers market trends and forecasts for quantum technology, highlights both the potential and challenges in this rapidly developing sector.

Limited quantum deployments but high revenue potential

Despite the projected rise in revenue, the number of quantum computers deployed by 2030 is expected to remain low, with estimates placing the figure at just 300 units globally. This reflects the early-stage nature of the quantum computing market and the high setup costs involved in building and maintaining these sophisticated machines. 

Quantum computing leverages the principles of quantum mechanics, enabling it to process data at speeds far beyond what is possible with traditional computers.

According to the report, the high cost of quantum technology and its current limited commercialisation are among the factors constraining the wider deployment of quantum computers in the near term.

Quantum-hybrid solutions to lead the way

To mitigate these challenges, the study emphasises the potential of quantum-hybrid computing solutions. These systems combine quantum and classical computing technologies, offering businesses a more cost-effective way to harness quantum capabilities.

 By reducing environmental noise and costs associated with pure quantum systems, hybrid solutions provide a more accessible commercial pathway for enterprises.

The report encourages quantum service providers to focus on developing hybrid solutions as an immediate revenue stream.

 As few quantum computers will be physically deployed by 2030, enterprises will rely heavily on quantum cloud services for access to these powerful machines.

Security a key focus for early returns

Quantum encryption technology is identified as a major driver for early returns on investment. The report specifically points to quantum key distribution as a critical technology for securing data in sectors like banking and finance, where the development of quantum computing is expected to bring stricter security requirements. 

By offering quantum-secure data encryption, companies can capitalise on market demand and achieve faster returns.

Juniper Research estimates that the return on investment (ROI) in quantum technology will reach only 6% by 2030, with total investment in the sector set to surpass $29 billion.