Quantum computing is no longer just an emerging technology. Our latest Quantum Technology Monitor report shows that over 300 global companies are adopting it, fueling a multibillion-dollar market.
When it comes to quantum computing, innovation-driven companies can no longer afford to wait and see. Over 300 organizations including Airbus, Boehringer Ingelheim, E.ON, JPMorgan Chase, and Liberty Mutual are actively collaborating with quantum technology companies to solve business challenges. First movers are transitioning from pilots to applications that are embedded in end-to-end workflows. That’s a key finding from McKinsey’s fifth annual Quantum Technology Monitor.
Companies that act now to begin testing and implementing quantum computing stand to gain a competitive edge and define future industry standards. By creating the teams and capabilities to succeed with quantum now, first movers can capture an early advantage. They can also secure intellectual property to build defensible ownership of key quantum computing applications.
Business leaders are waking up to the potential of quantum computing. Quantum computing could create up to $2.7 trillion of economic value worldwide by 2035 as it enhances current industry use cases and unlocks new ones, according to our updated analysis (Exhibit 1). We also find that companies are actively investing in the technology, filling the coffers of quantum computing companies. According to our research, quantum computing companies generated more than $1 billion in revenue worldwide in 2025—and that could grow to as much as $4.4 billion by 2028.
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