NEEDHAM, Mass.—International Data Corporation (IDC) has reduced its forecasts for the worldwide quantum computing market and is now projecting customer spend for quantum computing to grow from $1.1 billion in 2022 to $7.6 billion in 2027. This represents a five-year compound annual growth rate (CAGR) of 48.1%. The forecast includes base quantum computing as a service as well as enabling and adjacent quantum computing as a service.
Quantum computing is in its early stages and represents a tiny slice of the overall computer market. The new lowered IDC projections reflect ongoing problems with developing the technology.
