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India Quantum Computing Market

ID: MRFR/ICT/44286-HCR
200 Pages
Aarti Dhapte
October 2025

India Quantum Computing Market Research Report By Vertical (Optimization, Machine Learning, Simulation), By Product Type (Hardware, Software, Services) and By Vertical (Aerospace Defense, BFSI, Energy Power, Healthcare, Information Technology Telecommunication, Transportation)-Forecast to 2035

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India Quantum Computing Market Summary

As per Market Research Future analysis, the India quantum computing market size was estimated at 89.25 USD Million in 2024. The India quantum computing market is projected to grow from 113.33 USD Million in 2025 to 1235.35 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 26.9% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The India quantum computing market is poised for substantial growth driven by government initiatives and a burgeoning startup ecosystem.

  • The largest segment in the India quantum computing market is anticipated to be the telecommunications sector, while the fastest-growing segment is likely to be the financial services sector.
  • Government support and initiatives are fostering a conducive environment for quantum computing advancements across various industries.
  • Emerging startups are increasingly contributing to innovation and competition within the quantum computing landscape in India.
  • Investment in research and development, along with growing demand for advanced computing solutions, are key drivers propelling the market forward.

Market Size & Forecast

2024 Market Size 89.25 (USD Million)
2035 Market Size 1235.35 (USD Million)
CAGR (2025 - 2035) 26.98%

Major Players

IBM (US), Google (US), Microsoft (US), Rigetti Computing (US), D-Wave Systems (CA), IonQ (US), Honeywell (US), Alibaba (CN), Xanadu (CA)

India Quantum Computing Market Trends

The quantum computing market is experiencing notable advancements, driven by a combination of government initiatives and private sector investments. In India, the government has recognized the potential of quantum technologies and is actively promoting research and development in this field. Various institutions and universities are collaborating with industry players to foster innovation and create a skilled workforce. This collaborative environment is likely to enhance the country's position in the global quantum landscape, as it seeks to harness the capabilities of quantum computing for various applications, including cryptography, optimization, and complex simulations. Moreover, the increasing interest from startups and established tech companies in quantum computing is reshaping the market dynamics. These entities are exploring diverse applications, which may lead to breakthroughs in sectors such as finance, healthcare, and logistics. The emphasis on building a robust ecosystem for quantum technologies suggests a promising future for the quantum computing market. As investments continue to flow into research and development, the potential for commercial applications appears to be expanding, indicating a vibrant and evolving landscape in the coming years.

Government Support and Initiatives

The Indian government is actively investing in quantum technologies, establishing programs to support research and development. This commitment is likely to accelerate advancements in the quantum computing market, fostering innovation and collaboration among academic institutions and industry players.

Emergence of Startups

A surge in startups focusing on quantum computing is evident, as entrepreneurs seek to explore novel applications and solutions. This trend may lead to increased competition and innovation, potentially transforming various sectors through the adoption of quantum technologies.

Collaborative Research Efforts

Collaboration between universities, research institutions, and private companies is becoming more prevalent. These partnerships are expected to enhance knowledge sharing and resource allocation, ultimately driving progress in the quantum computing market.

India Quantum Computing Market Drivers

Increased Focus on Cybersecurity

As the quantum computing market evolves, there is a heightened focus on cybersecurity, which is becoming a critical driver for the industry. Quantum computing has the potential to disrupt traditional encryption methods, prompting organizations to seek quantum-resistant solutions. In 2025, the market for quantum cybersecurity solutions is projected to grow significantly, potentially reaching $500 million. This growth is indicative of the urgent need for secure communication channels in an increasingly digital world. Companies are investing in quantum-safe cryptography to safeguard sensitive data, thereby creating a robust demand for quantum technologies. The emphasis on cybersecurity not only enhances the resilience of the quantum computing market but also positions India as a leader in developing secure quantum solutions.

Investment in Research and Development

The quantum computing market in India is experiencing a surge in investment directed towards research and development. The government, alongside private enterprises, is allocating substantial funds to foster innovation in quantum technologies. In 2025, it is estimated that R&D spending in this sector could reach approximately $1 billion, reflecting a commitment to advancing quantum computing capabilities. This influx of capital is likely to enhance the development of quantum algorithms and hardware, positioning India as a competitive player in the global landscape. Furthermore, the focus on R&D is expected to create a skilled workforce, essential for sustaining growth in the quantum computing market. As a result, the industry may witness accelerated advancements, leading to practical applications across various sectors, including finance, healthcare, and logistics.

Strategic Partnerships and Collaborations

Strategic partnerships and collaborations are emerging as a pivotal driver for the quantum computing market in India. Various stakeholders, including academic institutions, research organizations, and technology firms, are joining forces to leverage their expertise and resources. These collaborations are expected to facilitate knowledge sharing and accelerate the development of quantum technologies. In 2025, it is anticipated that the number of partnerships in this sector could increase by over 40%, reflecting a growing recognition of the importance of collective efforts. Such alliances may lead to breakthroughs in quantum algorithms and hardware, enhancing the overall capabilities of the quantum computing market. Additionally, these partnerships could foster a vibrant ecosystem that supports startups and innovation, further enriching the industry landscape.

Educational Initiatives and Skill Development

Educational initiatives and skill development programs are crucial drivers for the quantum computing market in India. Recognizing the need for a skilled workforce, various institutions are introducing specialized courses and training programs focused on quantum technologies. By 2025, it is expected that enrollment in quantum computing-related courses could increase by over 50%, reflecting a growing interest among students and professionals. This emphasis on education is likely to cultivate a talent pool equipped with the necessary skills to advance the quantum computing market. Furthermore, collaborations between academia and industry are fostering practical training opportunities, ensuring that graduates are well-prepared to meet the demands of this evolving field. As a result, the industry may benefit from a continuous influx of innovative ideas and solutions.

Growing Demand for Advanced Computing Solutions

The increasing complexity of computational problems across industries is driving demand for advanced computing solutions, thereby impacting the quantum computing market. Traditional computing systems often struggle with tasks such as optimization and simulation, which are critical in sectors like pharmaceuticals and finance. In 2025, the market is projected to grow at a CAGR of around 30%, indicating a robust interest in quantum technologies. This demand is fueled by the need for faster processing capabilities and the ability to solve problems that are currently intractable. As organizations recognize the potential of quantum computing to revolutionize their operations, investments in this technology are likely to escalate, further propelling the growth of the quantum computing market in India.

Market Segment Insights

By Application: Cryptography (Largest) vs. Drug Discovery (Fastest-Growing)

The application segment in the India quantum computing market showcases a diverse distribution, with cryptography emerging as the largest segment due to its critical role in ensuring data security and privacy. Following closely, drug discovery is recognized as one of the fastest-growing segments, fueled by the increasing demand for innovative treatments and the limitations of classical computing in simulating molecular interactions. Growth trends in this segment are heavily influenced by the expanding need for secure communication channels in various sectors, especially finance and healthcare. Furthermore, the urgency for breakthroughs in pharmaceutical research and the complexity of optimization problems push drug discovery to the forefront. Governments and private sectors are investing substantially in quantum technologies to harness computational power for complex algorithms, predicting a progressive shift towards these applications.

Optimization Problems: Cryptography (Dominant) vs. Machine Learning (Emerging)

In the application analysis, cryptography stands out as the dominant force, vital for safeguarding sensitive information and transactions. Its established presence and critical demand across various sectors solidify its market position. Optimization problems emerge as the next significant player, leveraging quantum algorithms to address complex logistical and computational challenges. Machine learning, while still in an emerging phase, is gaining momentum due to its potential to revolutionize data analysis processes. This category, though currently less prevalent, holds promise for unprecedented advancements in automation and predictive modeling. As these segments evolve, their interconnectivity within the quantum computing landscape will likely drive further innovations.

By Component: Hardware (Largest) vs. Software (Fastest-Growing)

In the India quantum computing market, the distribution among different components reveals that hardware holds the largest share, establishing itself as the backbone of quantum computing systems. This segment includes advancements in quantum processors, quantum memory, and supporting technologies that are fundamental to achieving operational efficiency in quantum applications. Software, while smaller in market share, is rapidly gaining traction, propelled by increasing demand for quantum algorithms and applications that enhance the hardware capabilities. Growth trends illustrate a dynamic shift in the India quantum computing market as services related to both hardware and software are also gaining momentum. The demand for consulting, integration, and maintenance services is growing, driven by enterprises looking to leverage quantum computing for competitive advantages. Furthermore, government initiatives and investments in research and development are establishing a robust ecosystem, fostering innovation and accelerating the adoption of quantum technologies across various sectors.

Hardware: Dominant vs. Software: Emerging

The hardware component of the India quantum computing market is characterized by its foundational role, providing the essential components necessary for quantum computation such as superconducting qubits and ion trap technologies. Hardware advancements are crucial for improving processing power and reliability, making it the dominant segment. In contrast, the software segment is marked by its emerging nature, driven by innovations in quantum programming languages and frameworks that enable effective harnessing of quantum capabilities. As companies invest in software development, it is positioned as a critical driver for future growth, paving the way for practical applications and integration into existing technology stacks.

By End Use: Academic (Largest) vs. Government (Fastest-Growing)

The distribution of market share in the India quantum computing market shows a significant inclination towards the Academic segment, which commands the largest share. This segment's dominance can be attributed to increasing investments in research and development by educational institutions, fostering innovation and talent in quantum computing. Furthermore, the demand for academic collaborations and partnerships with technology firms adds to its substantial position within the market. Conversely, the Government segment is recognized as the fastest-growing area within the India quantum computing market. The government's focus on national security, defense, and technological advancement encourages a surge in initiatives to harness quantum computing capabilities. Initiatives like smart cities and improved infrastructure further drive growth, positioning the government as a pivotal player in the advancing landscape of quantum technologies.

Academic (Dominant) vs. Government (Emerging)

The Academic segment demonstrates a dominant presence in the India quantum computing market, driven by robust educational frameworks and substantial investments in research initiatives. Leading universities and research institutions are at the forefront, engaging in groundbreaking studies that propel quantum computing innovations. In contrast, the Government segment, while emerging, is rapidly expanding due to concerted efforts to integrate quantum technologies into national policies and projects. The government's increasing budget allocations and focus on cultivating a skilled workforce equip it to capitalize on quantum computing advancements, positioning it as a vital force in the market's growth.

By Technology: Superconducting Qubits (Largest) vs. Trapped Ions (Fastest-Growing)

In the India quantum computing market, Superconducting Qubits currently hold the largest market share due to their established infrastructure and widespread applications in quantum devices. Meanwhile, Trapped Ions are emerging as a strong contender, experiencing rapid adoption. Their ability to support high-fidelity quantum operations is contributing to their growing significance in the market. As the India quantum computing market evolves, advancements in technology and increased investments play a crucial role in shaping future trends. Trapped Ions are gaining traction because they offer scalability and precision, crucial for complex quantum computations. The heightened interest from research institutions and tech companies further drives growth, indicating a dynamic competitive landscape where innovation will dictate market shifts.

Technology: Superconducting Qubits (Dominant) vs. Trapped Ions (Emerging)

Superconducting Qubits are the dominant technology in the India quantum computing market, leveraging low-temperature setups to achieve qubit states necessary for quantum computations. Their current prominence is applauded for compatibility with existing technologies and a strong roadmap for scalability. In contrast, Trapped Ions represent an emerging technology, characterized by their ability to manipulate individual ions using lasers, allowing for exceptionally high coherence times. This positions them as highly promising for future developments, particularly in quantum error correction and complex calculations. With both technologies advancing, they showcase a diverse ecosystem fostering innovation and competition.

Get more detailed insights about India Quantum Computing Market

Key Players and Competitive Insights

The quantum computing market is currently characterized by intense competition and rapid innovation, driven by advancements in technology and increasing demand for computational power across various sectors. Major players such as IBM (US), Google (US), and Microsoft (US) are at the forefront, each adopting distinct strategies to enhance their market presence. IBM (US) focuses on expanding its quantum ecosystem through partnerships and cloud-based solutions, while Google (US) emphasizes breakthroughs in quantum supremacy and algorithm development. Microsoft (US) is leveraging its Azure platform to integrate quantum computing with cloud services, thereby enhancing accessibility for developers and businesses alike. Collectively, these strategies contribute to a dynamic competitive environment, fostering innovation and collaboration.

Key business tactics within the quantum computing market include localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market structure appears moderately fragmented, with a mix of established players and emerging startups. This fragmentation allows for diverse approaches to technology development and market entry, as companies seek to carve out niches in specific applications of quantum computing. The influence of key players is substantial, as their investments in research and development shape the trajectory of technological advancements.

In October 2025, IBM (US) announced the launch of its latest quantum processor, which reportedly features over 100 qubits, marking a significant leap in computational capability. This development is strategically important as it positions IBM (US) to lead in the race for practical quantum applications, potentially attracting new clients and partnerships in sectors such as finance and pharmaceuticals. The introduction of this technology may also enhance IBM's competitive edge in the cloud computing space, where quantum capabilities are increasingly sought after.

In September 2025, Google (US) unveiled a new quantum algorithm that reportedly improves error correction in quantum circuits. This advancement is crucial, as error rates have historically hindered the scalability of quantum systems. By addressing this challenge, Google (US) not only strengthens its technological foundation but also enhances its value proposition to enterprises looking to adopt quantum solutions. This move could solidify Google's position as a leader in quantum research and application development.

In August 2025, Microsoft (US) expanded its partnership with a leading Indian technology firm to co-develop quantum applications tailored for local industries. This strategic alliance is indicative of Microsoft's commitment to regional expansion and localization, allowing it to better serve the unique needs of the Indian market. Such collaborations may facilitate knowledge transfer and innovation, ultimately driving the adoption of quantum technologies in various sectors.

As of November 2025, current trends in the quantum computing market include a pronounced focus on digitalization, sustainability, and the integration of artificial intelligence (AI). Strategic alliances are increasingly shaping the competitive landscape, as companies recognize the value of collaboration in accelerating innovation. Looking ahead, competitive differentiation is likely to evolve, with a shift from price-based competition to a focus on technological innovation and supply chain reliability. This transition underscores the importance of developing robust, scalable solutions that meet the growing demands of diverse industries.

Key Companies in the India Quantum Computing Market market include

Industry Developments

The India Quantum Computing Market has seen significant developments in the last few months. In October 2023, Tech Mahindra announced a partnership with IBM to enhance quantum computing capabilities in India, which is expected to expedite the adoption of quantum technologies across various sectors. Similarly, in September 2023, Wipro launched a specialized quantum computing practice aimed at facilitating research and development initiatives, aligning with India's push towards becoming a global leader in quantum technology.

Furthermore, during the year, Indian companies like Tata Consultancy Services and HCL Technologies have been investing heavily in training programs for quantum computing skills, reflecting a growing workforce aligned with market needs. On the global front, companies such as Google and Microsoft have been exploring collaborations with Indian start-ups and institutions to establish a strong foothold in the region. While there have not been recent merger or acquisition announcements specifically in the Indian Quantum Computing Market, the trend towards partnerships indicates a strategic focus on growth.

Overall, the increasing investment and interest from both domestic and international players position India as a burgeoning hub for quantum innovation and development.

 

Future Outlook

India Quantum Computing Market Future Outlook

The quantum computing market in India is poised for growth at 26.98% CAGR from 2024 to 2035, driven by advancements in technology and increased investment.

New opportunities lie in:

  • Development of quantum algorithms for financial modeling
  • Partnerships with educational institutions for talent development
  • Creation of quantum-as-a-service platforms for SMEs

By 2035, the market is expected to achieve substantial growth and innovation.

Market Segmentation

India Quantum Computing Market End Use Outlook

  • Academic
  • Government
  • Enterprise

India Quantum Computing Market Component Outlook

  • Hardware
  • Software
  • Services

India Quantum Computing Market Technology Outlook

  • Superconducting Qubits
  • Trapped Ions
  • Topological Qubits
  • Photonic Quantum Computing

India Quantum Computing Market Application Outlook

  • Cryptography
  • Drug Discovery
  • Optimization Problems
  • Financial Modeling
  • Machine Learning

Report Scope

MARKET SIZE 2024 89.25(USD Million)
MARKET SIZE 2025 113.33(USD Million)
MARKET SIZE 2035 1235.35(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 26.98% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled IBM (US), Google (US), Microsoft (US), Rigetti Computing (US), D-Wave Systems (CA), IonQ (US), Honeywell (US), Alibaba (CN), Xanadu (CA)
Segments Covered Application, Component, End Use, Technology
Key Market Opportunities Advancements in quantum algorithms drive demand for specialized quantum computing solutions in diverse industries.
Key Market Dynamics Rising investments in Research and Development drive innovation in the quantum computing market, enhancing competitive dynamics.
Countries Covered India

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FAQs

What is the expected market size of the India Quantum Computing Market in 2024?

The India Quantum Computing Market is expected to be valued at 71.4 million USD in 2024.

What is the projected market size by 2035 for the India Quantum Computing Market?

By 2035, the India Quantum Computing Market is projected to reach a value of 500.0 million USD.

What is the expected CAGR for the India Quantum Computing Market from 2025 to 2035?

The expected CAGR for the India Quantum Computing Market from 2025 to 2035 is 19.356%.

Which segment is expected to dominate the market in terms of value by 2035?

By 2035, the Simulation segment is expected to dominate the market, valued at 220.0 million USD.

What are the significant applications driving growth in the India Quantum Computing Market?

The significant applications driving growth include Optimization, Machine Learning, and Simulation.

Which major players are leading the India Quantum Computing Market?

Key players in the India Quantum Computing Market include IBM, Google, Microsoft, and Tech Mahindra.

What is the market value for the Optimization segment in 2024?

The Optimization segment is valued at 15.0 million USD in the year 2024.

What will be the forecasted market value for the Machine Learning segment by 2035?

The Machine Learning segment is projected to reach a value of 175.0 million USD by 2035.

How will the India Quantum Computing Market trends evolve from 2025 to 2035?

The market trends are expected to evolve positively with emerging opportunities primarily in Machine Learning and Simulation.

What challenges could impact the growth of the India Quantum Computing Market?

Potential challenges may include technological barriers and the pace of developments in quantum hardware and software.

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