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I see the global quantum computing market moving into a stage as businesses, governments and tech firms put more money into hardware, software and cloud‑based quantum services. A new Research and Markets report says the global market will rise from $8.6 billion in 2026 to $86.4 billion by 2036 which’s a compound annual growth rate of 26%.
The forecast shows that more people are interested in quantum computing for tasks that normal computers find hard to solve such as molecular simulation, optimization, cryptography and some artificial intelligence work.
For Japan the outlook matters a lot. The report says Asia‑Pacific is the growing region until 2036 helped by government investment and growing local quantum abilities in countries such as Japan, China, South Korea, India and Australia.
Quantum-as-a-Service Lowers the Entry Barrier
A big reason the market is growing is Quantum‑as‑a‑Service or QaaS.
than buying and running costly quantum hardware businesses can use quantum systems through cloud platforms. This lets organizations test quantum algorithms and applications without paying for the infrastructure that a quantum computer needs.
The report points out that cloud‑based services are the way people access quantum computing today and that these services bring in the most money in the market.
This model could help companies a lot. Manufacturers, banks, drug makers and logistics firms can start testing quantum applications while skipping the cost and technical trouble of keeping hardware.
It also opens chances, for software developers and system integrators who can link computing resources with normal high‑performance computing setups.
Japan Could Benefit From Asia-Pacific Growth
The report expects Asia-Pacific to record the growth during the forecast period. Scale national research programs, domestic hardware development and government funding are supporting the regions expansion.
Japan already has an established quantum research and industrial ecosystem. Companies such as Fujitsu and Toshiba are included among the organizations profiled in the report alongside global technology companies including IBM, Google, Microsoft and Amazon Web Services.
The opportunity for Japan extends beyond quantum processors. Software, cloud services, control systems, sensors, cryogenic technologies, cybersecurity and specialized components could all form part of the supply chain.
Japans existing strengths in semiconductors, electronics, advanced manufacturing and research could therefore provide connections between its conventional technology industries and the emerging quantum economy.
Drug Discovery and Finance Are Key Applications
The market report identifies simulation and modeling as the leading application area, with applications in drug discovery and materials science. Healthcare and pharmaceuticals are expected to be among the growing end-user sectors as molecular simulation capabilities improve.
This could create opportunities for Japanese pharmaceutical and biotechnology companies to explore quantum-assisted modeling alongside conventional computing and AI.
Financial services are another important market. Banking and financial institutions currently represent the end-user segment in the report with potential applications including portfolio optimization, risk analysis and fraud detection.
Japans large banking sector could therefore become a testing ground, for hybrid quantum-classical computing. Financial institutions would not necessarily need to replace systems; instead quantum processors could potentially be used for specific computationally intensive problems.
Hardware Still Faces Challenges
Even though the market is expected to grow quantum computing is still in its early stages.
The report says that most large-scale uses of quantum computing are not yet ready for the world. This is because current systems do not have qubits or high enough quality to perform fault-tolerant error-corrected calculations. High development costs the need for skills and long times to bring products to market are still major obstacles.
The industry is exploring different hardware methods. These include superconducting qubits, trapped ions, quantum annealing, photonic systems, topological approaches and neutral atoms.
According to the report superconducting systems are currently the widely used. However trapped-ion technology is expected to grow because it shows better qubit quality and lower error rates.
Because there are many different hardware methods being developed the technology landscape has not stabilized. Instead it is still. Shifting as new solutions emerge.
Quantum Security Creates Another Market
Quantum computing is also having an impact on cybersecurity.
Governments and tech companies are spending more on research. One reason is that powerful quantum computers could one day break today’s encryption systems. This threat is pushing development and use of post-quantum cryptography.
For businesses being quantum-ready means more than just testing quantum applications. Companies that manage data—like financial records, medical information, government files or industrial secrets—must also plan for future risks. These risks could affect data that stays valuable for years.
This situation opens up opportunities, for cybersecurity firms, encryption tools and systems that can switch between cryptographic standards.
What the Forecast Means for Japan
The projected expansion of the quantum computing market does not mean that every enterprise will immediately need a quantum computer. Instead, the emerging opportunity is likely to develop across multiple layers of the technology ecosystem.
For Japan, cloud access could provide a practical route for enterprises to experiment with quantum applications, while domestic companies can continue developing hardware, software and supporting technologies.
The country’s opportunity also extends into industries where quantum computing could eventually address complex optimization and simulation problems, including finance, pharmaceuticals, manufacturing and logistics.
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The market remains subject to technological uncertainty, particularly around scalability, error correction, standardization and the availability of skilled specialists.
However, the new forecast illustrates why quantum computing is increasingly being treated as a long-term technology investment rather than purely a research project.
For Japan’s technology industry, the next decade could therefore be less about simply building quantum computers and more about developing the software, services, security and industrial applications needed to make quantum computing useful in the real economy.
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