SGIA-QPML-20250708 Quantum Processing Unit (QPU) Market Landscape
The number of companies building quantum processor unit (QPU) hardware for quantum computing has risen significantly in recent years. However, there are signs that fewer companies are now entering the market.
In this market landscape, we examine the dozens of companies now building processors, their company data, implementation modalities, and programming model paradigms.
We provide charts illustrating the distribution of the companies by country and geographic region. We show the breakdown of which companies are implementing each modality and the countries in which these companies are based. An additional chart shows that the digital paradigm is a far more popular approach than analog and, especially, annealing. We show the years the companies were founded and the significant increase in incorporation since 2016. For each private company for which public information is available, we show their investors and funders, as well as the companies in which those organizations have invested or funded. To keep you informed about the latest developments and announcements from companies, we provide a curated collection of recent press releases, blog entries, and updates.
This is a market landscape report, not a data analysis. Such analysis is present in other reports, commentary, and talks by Sutor Group Intelligence and Advisory.
Appendix A is a table of companies building quantum processing units. For those companies that have published forward-looking roadmaps, we state when they were last updated. Note that many of these need to be revisited by the vendors as they are becoming outdated or lacking details compared to their competitors.
Appendix B includes two tables: the first lists companies and their investors and funders, and the second lists all those investors and funders, along with the companies in this report that they have funded.
Appendix C lists recent press releases, announcements, and blog posts by the companies.
Appendix D lists the countries in each region.
Appendix E is a glossary of technical terms used in this report, courtesy of Perplexity.
The number of companies building quantum processor unit (QPU) hardware for quantum computing has risen significantly in recent years. However, there are signs that fewer companies are now entering the market. In this market landscape, we examine the dozens of companies now building processors, their company data, implementation modalities, and programming model paradigms.