Tashkent, Uzbekistan (UzDaily.uz) — The global quantum computing market is forecast to grow by 22.9% in 2026 to US$869.9 million and reach US$1.1 billion in 2027, according to research firm Gartner.
The government sector will remain the market’s largest driver through the end of 2027. Government spending on quantum computing is expected to rise from US$219 million in 2026 to US$245 million in 2027. Analysts attribute this demand to countries’ efforts to gain a technological advantage.
Government spending will continue to increase in 2028, reaching US$280 million. However, the banking, financial services and insurance (BFSI) sector is expected to become the largest spender, investing US$289 million in quantum computing.
According to Gartner, the BFSI sector will retain the top position through the end of 2030.
Financial institutions could use quantum technologies to optimise investment portfolios, model risks and detect fraud.
At the same time, Gartner expects consolidation in the market. By 2030, more than half of quantum computing startups could cease operations because of limited opportunities to generate sustainable commercial revenue.
Despite these risks, business interest in the technology continues to grow. Gartner reports that leading chief investment officers are already making strategic initial investments in quantum computing in 2026.
Many organisations are also increasing their readiness to adopt the technology and developing relevant expertise to avoid falling behind competitors.
Gaurav Gupta, vice president of analytics and head of research in Gartner’s Emerging Markets and Technologies division, said companies and IT leaders should view the adoption of quantum computing as a multiyear process aimed at securing competitive advantages.
Despite ongoing challenges, technological breakthroughs in the field are occurring faster than expected, he said.
