UK Quantum Computing Market Size & Outlook, 2023-2030
UK quantum computing market, 2017-2030 (US$M)
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UK quantum computing market highlights
- The UK quantum computing market generated a revenue of USD 105.9 million in 2023 and is expected to reach USD 269.4 million by 2030.
- The UK market is expected to grow at a CAGR of 14.3% from 2024 to 2030.
- In terms of segment, system was the largest revenue generating offering in 2023.
- Services is the most lucrative offering segment registering the fastest growth during the forecast period.
Quantum computing market data book summary
| Market revenue in 2023 | USD 105.9 million |
| Market revenue in 2030 | USD 269.4 million |
| Growth rate | 14.3% (CAGR from 2023 to 2030) |
| Largest segment | System |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | System, Services |
| Key market players worldwide | Accenture PLC Class A, D-Wave Quantum Inc, Alphabet Inc Class C, International Business Machines Corp, Intel Corp, Microsoft Corp, Quantum Computing Inc, Rigetti Computing Inc, Zapata Computing Holdings Inc, Riverlane |
Other key industry trends
- In terms of revenue, UK accounted for 8.7% of the global quantum computing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany quantum computing market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 357.4 million by 2030.
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Quantum Computing Market Scope
Quantum Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK quantum computing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to quantum computing market will help companies and investors design strategic landscapes.
System was the largest segment with a revenue share of 64.21% in 2023. Horizon Databook has segmented the UK quantum computing market based on system, services covering the revenue growth of each sub-segment from 2017 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK quantum computing market , including forecasts for subscribers. This country databook contains high-level insights into UK quantum computing market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK quantum computing market size, by offering, 2017-2030 (US$M)
UK Quantum Computing Market Outlook Share, 2023 & 2030 (US$M)
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