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Europe Quantum Computing Market

Europe Quantum Computing Market 2025-2033 Analysis: Trends, Competitor Dynamics, and Growth Opportunities

Europe Quantum Computing Market by Component (Hardware, Software, Service), by Deployment (On-Premise, Cloud), by Application (Machine Learning, Optimization, Biomedical Simulations, Financial Services, Electronic Material Discovery, Others), by End User (Healthcare, Banking, Financial Services, Insurance (BFSI), by Forecast 2026-2034

Apr 11 2025

Base Year: 2025

120 Pages

Europe Quantum Computing Market 2025-2033 Analysis: Trends, Competitor Dynamics, and Growth Opportunities

Key Insights

The Europe Quantum Computing Market size was valued at USD 717.3 USD million in 2023 and is projected to reach USD 4825.63 USD million by 2032, exhibiting a CAGR of 31.3 % during the forecast period. This growth is attributed to the rising demand for high-performance computing capabilities and the increasing adoption of quantum computing in various sectors, including healthcare, finance, and manufacturing. Quantum computing provides a multidisciplinary approach combining computer science, physics, and mathematics utilizing the principles of quantum mechanics to perform previously intractable computations in a shorter time. Among the quantum computing disciplines, we highlight hardware research-oriented activities and advancements. Unlike the which have to gradually search for an answer through brute force calculations, quantum computers can solve certain types of problems faster because they are able to exploit the quantum mechanical effects of superposition and quantum interference. The EU's Digital Decade strategy intends to finish the first quantum-accelerated supercomputer of Europe in 2025 providing the necessary springboard for being in the quantum facilities avant-garde in 2030. The European Chips Act extends the help to the cheap and volume manufacturing of quantum chips in the EU, thus they could be used capture the potential of all the devices that require quantum computing power.

Europe Quantum Computing Trends

Growing investments in quantum computing research and development
Collaboration between academia and industry to accelerate innovation
Development of novel quantum algorithms and applications
Expansion of quantum computing ecosystems

Europe Quantum Computing Market Market Size and Forecast (2024-2030) — Europe Quantum Computing Market Company Market Share

Driving Forces: What's Propelling the Europe Quantum Computing Market

Technological Advancements: Advancements in quantum hardware and software are making quantum computing more accessible and practical.
Government Support: Governments in Europe are providing funding and incentives to support quantum computing research and development initiatives.
Growing Demand for High-Performance Computing: Industries such as healthcare, finance, and manufacturing require high-performance computing capabilities, which quantum computing can provide.

Challenges and Restraints in Europe Quantum Computing Market

High Cost of Development and Implementation: Quantum computing systems are expensive to build and maintain, which can limit their adoption.
Immaturity of Quantum Technology: Quantum computing technology is still in its early stages of development, with limited commercial applications.
Lack of Skilled Workforce: There is a shortage of skilled professionals with expertise in quantum computing.
Emerging Competition: Increasing competition from global players entering the European market poses challenges for domestic companies.

Emerging Trends in Europe Quantum Computing

Specialized Quantum Computing Solutions: Development of quantum computing solutions tailored to specific industry requirements.
Cloud-Based Quantum Computing: Availability of quantum computing services through cloud platforms, enabling broader access and flexibility.
Integration with Artificial Intelligence: Combining quantum computing with artificial intelligence to enhance performance and unlock new applications.

Growth Catalysts in Europe Quantum Computing Industry

Government Partnerships: Collaborations between governments and industry players to foster innovation and commercialization of quantum computing technologies.
Industry Consortiums: Formation of industry-led consortiums to drive quantum computing adoption and establish standards.
Investment in Quantum Startups: Funding initiatives to support startups specializing in quantum computing technologies and solutions.

Market Segmentation: Europe Quantum Computing Analysis

Component:

Hardware
Software
Service

Deployment:

On-Premise
Cloud

Application:

Machine Learning
Optimization
Biomedical Simulations
Financial Services
Electronic Material Discovery
Others

End User:

Healthcare
Banking, Financial Services and Insurance (BFSI)
Industry

Leading Players in the Europe Quantum Computing Market

Significant developments in Europe Quantum Computing Sector

2021: Atos launched its Quantum Learning Machine, a cloud-based platform for quantum computing education and experimentation.
2022: IQM Quantum Computers raised €80 million in Series B funding to accelerate its expansion and development of quantum hardware.

Comprehensive Coverage Europe Quantum Computing Market Report

This in-depth report provides a comprehensive analysis of the burgeoning European quantum computing market, offering invaluable insights for stakeholders across the industry. The report goes beyond surface-level statistics to delve into the key factors driving market growth, the competitive landscape, and the future potential of this transformative technology.

Market Overview and Growth Projections: A detailed examination of the current market size, growth trajectory, and future forecasts, considering various technological advancements and market adoption rates.
Market Dynamics and Growth Drivers: An in-depth analysis of the factors propelling market expansion, including increasing investments from both public and private sectors, growing government initiatives, and the rising demand for advanced computing solutions across diverse sectors.
Market Segmentation and Competitive Landscape: A granular segmentation of the market by technology (e.g., superconducting, trapped ions, photonic), application (e.g., drug discovery, materials science, finance), and end-user industry, accompanied by a detailed competitive analysis of key players and their market strategies.
Leading Companies and Strategic Initiatives: Profiles of leading quantum computing companies operating in Europe, highlighting their innovative technologies, strategic partnerships, and competitive advantages. This includes an evaluation of their research and development activities, product portfolios, and market positioning.
Industry Trends and Emerging Technologies: An exploration of the latest advancements in quantum algorithms, quantum software, and quantum hardware, with a focus on their potential to revolutionize various industries and address complex computational challenges.
Challenges and Opportunities: A balanced assessment of the key hurdles facing the market's growth, such as technological limitations, scalability issues, and the need for skilled workforce development, alongside a discussion of the significant opportunities for innovation and expansion.
Regulatory Landscape and Intellectual Property Analysis: A critical examination of the European regulatory framework impacting the quantum computing industry, including data privacy regulations, intellectual property rights, and standardization efforts.
Expert Commentary and Analyst Perspectives: Incorporating valuable insights and opinions from leading experts and analysts in the quantum computing field, providing a well-rounded understanding of the market's dynamics and future prospects.
Investment Analysis and Government Initiatives: A thorough analysis of ongoing investments in quantum computing research and development, both from the private and public sectors, including government funding programs and initiatives aimed at fostering innovation and growth within the European quantum computing ecosystem.

Regional Insight

The report provides a detailed breakdown of the market's performance across key European regions, highlighting the strengths and opportunities present in each location. This includes a comparative analysis of:

United Kingdom: Assessment of the UK's quantum computing ecosystem, including its strengths in research and development, government support, and private sector investment.
Germany: Analysis of Germany's contributions to the European quantum computing landscape, focusing on its industrial base, research institutions, and government initiatives.
France: Evaluation of the French quantum computing market, highlighting its strengths in specific technological areas and its national strategies to promote quantum technology.
Switzerland: Examination of Switzerland's role in quantum computing, encompassing its research excellence, industry collaborations, and its position within the European quantum ecosystem.
Austria: Overview of Austria's involvement in the European quantum computing landscape, analyzing its research institutions, industry players, and government support.

Europe Quantum Computing Market Market Share by Region - Global Geographic Distribution — Europe Quantum Computing Market Regional Market Share

Recent Mergers & Acquisition

No recent mergers and acquisitions provided.

Regulation

Quantum computing is still an emerging technology, and regulations are evolving.
Governments in Europe are developing frameworks to address issues such as data privacy and intellectual property protection.

Patent Analysis

The report provides an analysis of patent filings related to quantum computing in Europe, highlighting key trends and innovators in the field.

Analyst Comment

"The Europe Quantum Computing market is poised for significant growth over the coming years, driven by advances in quantum technology and increasing demand for high-performance computing. Governments and industry players are collaborating to accelerate innovation and commercialization, creating opportunities for startups and established companies alike."

Geographic Coverage of Europe Quantum Computing Market

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Europe Quantum Computing Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 31.3% from 2020-2034
Segmentation	By Component Hardware Software Service By Deployment On-Premise Cloud By Application Machine Learning Optimization Biomedical Simulations Financial Services Electronic Material Discovery Others By End User Healthcare Banking Financial Services Insurance (BFSI By Geography

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1. Growing Need for Optimizing Infrastructure Budgets to Achieve Business Growth will Ensure Market Expansion
- - 3.3. Market Restrains
  - - 3.3.1. Insufficient Digital Infrastructure to Hinder Market Expansion
- - 3.4. Market Trends
  - - 3.4.1. Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. Europe Quantum Computing Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Component
  - 5.1.1. Hardware
  - 5.1.2. Software
  - 5.1.3. Service
- 5.2. Market Analysis, Insights and Forecast - by Deployment
  - 5.2.1. On-Premise
  - 5.2.2. Cloud
- 5.3. Market Analysis, Insights and Forecast - by Application
  - 5.3.1. Machine Learning
  - 5.3.2. Optimization
  - 5.3.3. Biomedical Simulations
  - 5.3.4. Financial Services
  - 5.3.5. Electronic Material Discovery
  - 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast - by End User
  - 5.4.1. Healthcare
  - 5.4.2. Banking
  - 5.4.3. Financial Services
  - 5.4.4. Insurance (BFSI
- 5.5. Market Analysis, Insights and Forecast - by Region
  - 5.5.1.
6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 IQM Quantum Computers (Finland)
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 HQS Quantum Simulation (Germany)
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 ParityQC (Austria)
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 KEEQquant (Germany)
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 ID Quantique SA (Switzerland)
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 Alpine Quantum Technologies (Austria)
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 Quantum Motion Technologies (U.K.)
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 Nu Quantum (U.K.)
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)
    - 6.2.9 Atos Quantum (France)
      6.2.9.1. Overview
      6.2.9.2. Products
      6.2.9.3. SWOT Analysis
      6.2.9.4. Recent Developments
      6.2.9.5. Financials (Based on Availability)
    - 6.2.10 Riverlane (U.K.)
      6.2.10.1. Overview
      6.2.10.2. Products
      6.2.10.3. SWOT Analysis
      6.2.10.4. Recent Developments
      6.2.10.5. Financials (Based on Availability)

List of Figures

Figure 1: Europe Quantum Computing Market Revenue Breakdown (USD million, %) by Product 2025 & 2033
Figure 2: Europe Quantum Computing Market Share (%) by Company 2025

List of Tables

Table 1: Europe Quantum Computing Market Revenue USD million Forecast, by Component 2020 & 2033
Table 2: Europe Quantum Computing Market Revenue USD million Forecast, by Deployment 2020 & 2033
Table 3: Europe Quantum Computing Market Revenue USD million Forecast, by Application 2020 & 2033
Table 4: Europe Quantum Computing Market Revenue USD million Forecast, by End User 2020 & 2033
Table 5: Europe Quantum Computing Market Revenue USD million Forecast, by Region 2020 & 2033
Table 6: Europe Quantum Computing Market Revenue USD million Forecast, by Component 2020 & 2033
Table 7: Europe Quantum Computing Market Revenue USD million Forecast, by Deployment 2020 & 2033
Table 8: Europe Quantum Computing Market Revenue USD million Forecast, by Application 2020 & 2033
Table 9: Europe Quantum Computing Market Revenue USD million Forecast, by End User 2020 & 2033
Table 10: Europe Quantum Computing Market Revenue USD million Forecast, by Country 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Europe Quantum Computing Market?

The projected CAGR is approximately 31.3%.

2. Which companies are prominent players in the Europe Quantum Computing Market?

Key companies in the market include IQM Quantum Computers (Finland), HQS Quantum Simulation (Germany), ParityQC (Austria), KEEQquant (Germany), ID Quantique SA (Switzerland), Alpine Quantum Technologies (Austria), Quantum Motion Technologies (U.K.), Nu Quantum (U.K.), Atos Quantum (France), Riverlane (U.K.).

3. What are the main segments of the Europe Quantum Computing Market?

The market segments include Component, Deployment, Application, End User.

4. Can you provide details about the market size?

The market size is estimated to be USD 717.3 USD million as of 2022.

5. What are some drivers contributing to market growth?

Growing Need for Optimizing Infrastructure Budgets to Achieve Business Growth will Ensure Market Expansion.

6. What are the notable trends driving market growth?

Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars.

7. Are there any restraints impacting market growth?

Insufficient Digital Infrastructure to Hinder Market Expansion.

8. Can you provide examples of recent developments in the market?

N/A

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3850, USD 4850, and USD 5850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD million.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Europe Quantum Computing Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Europe Quantum Computing Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Europe Quantum Computing Market?

To stay informed about further developments, trends, and reports in the Europe Quantum Computing Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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