What's Happening?
A report from McKinsey & Company indicates that quantum computing is transitioning from experimental to commercial use, with over 300 companies, including major players like Airbus and JPMorgan Chase,
engaging with quantum technology vendors. The report estimates quantum computing could generate up to $2.7 trillion in global economic value by 2035, impacting industries such as chemicals, financial services, and logistics. Quantum computing companies generated over $1 billion in revenue in 2025, with projections to reach $4.4 billion by 2028. The technology is seen as a potential breakthrough for AI, enhancing machine learning capabilities.
Why It's Important?
Quantum computing's ability to process complex calculations at unprecedented speeds could revolutionize industries by solving problems beyond the reach of classical systems. This shift could lead to significant advancements in drug discovery, logistics optimization, and financial risk modeling. The growing involvement of private companies in quantum computing marks a shift from public research institutions, indicating a broader commercial adoption. The U.S. Department of Commerce's $2 billion investment in quantum companies underscores the technology's strategic importance.
What's Next?
As quantum computing continues to advance, companies are expected to increase investments in developing specific use cases and building internal teams. The hybrid model, where quantum systems handle complex computations while classical systems manage other tasks, is seen as the most viable path forward. The report suggests that early adoption and piloting of quantum projects are critical for companies to avoid falling behind as the technology approaches mainstream deployment.
