Quantum Computing Could Add Up To USD 2.7 Trillion To Global Economy By 2035

Quantum computing could generate between USD 1.3 trillion and USD 2.7 trillion in economic value worldwide by 2035. A report by McKinsey & Company states that businesses need to invest in talent, technology and partnerships right now to secure an early advantage.

Market Growth

The report notes that quantum technology is moving from experimental projects into commercial use. More than 300 organisations around the world are already working with quantum technology providers. Equity investment in the sector grew from USD 2.5 billion in 2024 to USD 13.3 billion in 2025. Combined revenue of quantum computing companies crossed USD 1 billion in 2025 and could rise to USD 4.4 billion by 2028. By 2035, the global market for quantum hardware, software and services could reach USD 60 billion to USD 100 billion. Quantum communication could be worth USD 11 billion to USD 15 billion, while quantum sensing could reach USD 7 billion to USD 10 billion by the same year. McKinsey outlines three development stages, moving from early commercial adoption to competitive positions by 2035 and a wider quantum economy by 2040.

Industry Impact

Quantum technology could create major value in cybersecurity, pharmaceuticals, chemicals and robotics. The report estimates up to USD 400 billion in value for the pharmaceutical industry and up to USD 800 billion for the chemicals industry by 2035. However, the report warns of cybersecurity risks because powerful quantum computers could eventually break public-key encryption systems. McKinsey also cautions that the timeline remains uncertain due to manufacturing limits, worker shortages and disagreement on which technology will scale best. Businesses are urged to build partnerships, test applications and build internal skills now. The technology could also help solve computing and energy limits affecting artificial intelligence expansion.

Context

Quantum computing is an advanced field of computing that uses the properties of quantum physics to process complex data much faster than traditional computers. Major consulting firms like McKinsey regularly track emerging technologies to help companies plan long-term business strategies. This emerging technology is expected to transform industries that rely on heavy data processing and complex molecular modeling.