The global quantum computing market is entering a new growth phase, with Gartner forecasting revenues of $1.1 billion in 2027, signalling accelerating investments in next-generation computing technologies.
Worldwide revenue is expected to reach $869.9 million in 2026, representing 22.9% annual growth. Governments and enterprises are increasing investments in quantum research, intellectual property, partnerships and early commercial applications.
Advancements in quantum algorithms, processing speeds, qubit scalability and error reduction are gradually bringing practical quantum advantages closer. However, widespread commercial deployment still faces significant technological challenges.
The public sector will remain the largest quantum computing customer through 2027, with projected spending of $245 million, driven by national security, technological sovereignty and research leadership.
Banking, finance and insurance are expected to become the largest spending segment by 2028, investing approximately $289 million. Portfolio optimisation, financial risk modelling and fraud detection are emerging application areas.
However, Gartner anticipates significant industry consolidation, forecasting that more than 50% of quantum computing startups could exit the market by 2030 as commercially unviable technologies struggle to achieve fault-tolerant computing.
For CIOs, quantum adoption represents a multiyear transformation requiring strategic investments in talent, experimentation, infrastructure and cybersecurity. Equally important is preparing existing digital infrastructure for post-quantum cryptography.
Indian startup FaceOff Technologies has been consistently highlighting the urgency of quantum-resistant security and digital trust. Gartner's latest forecast reinforces this emerging technological reality, making quantum readiness an issue the industry can no longer ignore.
