Understanding Mckinsey S Role In Quantum Computing

Bonisiwe Shabane
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understanding mckinsey s role in quantum computing

When it comes to quantum technology (QT), investment is surging and breakthroughs are multiplying. The United Nations has designated 2025 the International Year of Quantum Science and Technology, celebrating 100 years since the initial development of quantum mechanics. Our research confirms that QT is gaining widespread traction worldwide. McKinsey’s fourth annual Quantum Technology Monitor covers last year’s breakthroughs, investment trends, and emerging opportunities in this fast-evolving landscape. In 2024, the QT industry saw a shift from growing quantum bits (qubits) to stabilizing qubits—and that marks a turning point. It signals to mission-critical industries that QT could soon become a safe and reliable component of their technology infrastructure.

To that end, this year’s report provides a special deep dive into the fast-growing market of quantum communication, which could unlock the security needed for widespread QT uptake. Quantum technology encompasses three subfields: Our new research shows that the three core pillars of QT—quantum computing, quantum communication, and quantum sensing—could together generate up to $97 billion in revenue worldwide by 2035. Quantum computing will capture the bulk of that revenue, growing from $4 billion in revenue in 2024 to as much as $72 billion in 2035 (see sidebar “What is quantum technology?”). While QT will affect many industries, the chemicals, life sciences, finance, and mobility industries will see the most growth. McKinsey initiated its annual quantum technology report in 2021 to track the rapidly evolving quantum technology landscape.

We analyze three principal areas of the field: quantum computing, quantum communication, and quantum sensing. The analysis is based on input from various sources, including publicly available data, expert interviews, and proprietary McKinsey analyses. The conclusions and estimations have been cross-checked across market databases and validated through investor reports, press releases, and expert input. Because not all deal values are publicly disclosed and databases are updated continuously, our research does not provide a definitive or exhaustive list of start-ups, funding activities, investment splits, or patents and publications. Our fourth annual Quantum Technology Monitor report shows that surging investment and faster-than-expected innovation could propel the quantum market to $100 billion in a decade. When it comes to quantum technology (QT), investment is surging and breakthroughs are multiplying.

The United Nations has designated 2025 the International Year of Quantum Science and Technology, celebrating 100 years since the initial development of quantum mechanics. Our research confirms that QT is gaining widespread traction worldwide. McKinsey’s fourth annual Quantum Technology Monitor covers last year’s breakthroughs, investment trends, and emerging opportunities in this fast-evolving landscape. In 2024, the QT industry saw a shift from growing quantum bits (qubits) to stabilizing qubits—and that marks a turning point. It signals to mission-critical industries that QT could soon become a safe and reliable component of their technology infrastructure. To that end, this year’s report provides a special deep dive into the fast-growing market of quantum communication, which could unlock the security needed for widespread QT uptake.

Our new research shows that the three core pillars of QT—quantum computing, quantum communication, and quantum sensing—could together generate up to $97 billion in revenue worldwide by 2035. Quantum computing will capture the bulk of that revenue, growing from $4 billion in revenue in 2024 to as much as $72 billion in 2035 (see sidebar “What is quantum technology?”). While QT will affect many industries, the chemicals, life sciences, finance, and mobility industries will see the most growth. We conducted extensive analysis to project the 2035 global market sizes for each of the three pillars of QT. We found that by 2035, quantum computing could be worth $28 billion to $72 billion, quantum communication could be worth $11 billion to $15 billion, and quantum sensing could be worth $7 billion to... This growth shows no signs of slowing.

We predict that by 2040, the total QT market could reach $198 billion. We present our market size estimates as a range because of the large variance in potential technological progress, adoption rates, and scaling opportunities for QT in the decade to come (see sidebar “About the... �s�0_�p?��⍹h�<����X#Ƭ�g�צ5�ͫ����3Dt }g.v�����ܾz��1���.�9h����z#muנ+ۀl �����o���}���*�4jTM ��L9�'������,�� �k��i�cb�������_�Z@�Ҽcڔ���;�Y4~Y'��1���R�t�‹;ߒ��A�,ZT��v��yb �iI�C�D���:���߽{��Ő?^|z�ܞm�����?�}[����? � l�_��~�G!�}�5��>��=��o]����Y=L��iLN��*7��U�G>h!�re��bz|ߏr<�@~�@a�@5� ��FDg�L4J�}�d�G�����adӽ�=�m��pY�o�൬����X_\c��I�D�2�"�h���Ee��Ԏ�����������/^!�Ϧ�_,wX.��k���Xk��������m]2���<�#��[v�QЂ�e�?m"�A���0Lk�36^i��0��@��A�WJ���#��;(غ_�C߻� � � �6[��+ �B4��e�)J~��l`2���g N�d� o�f&�����*�?@���\�'�U��0 D�� ���M�ABb�8!���M@����=3�KƁB��q3~��73 1���FvlQ�&*"{W�m���?>� �N%�,���~�j_�)?}�s� 曈o�.�{�d�e�]*e?ր�㦆D�+�� �ênh�H<�S��;7DtpV�� ��\/y��&MB����ĭ1֭u����Y ��\�|�)�j���� K'{�^��hI6��'X�- %�K ����h���&�l7�IG��y�ƺj�O��@20B��@�bs��=Xx�JF��$ѡ�,�*3�e���%[����oo���j�5�lQ��PkR��F#@k_z� ���H���-"�]M2� ۀ��'��U<ީ�=��7��ȫЌ ����^�����r�6J��H�H\�V���}���SB��4��+�/�eJ�!�$0�գ �C�&��*\T��r���� EP�8�Z��Q�4�6�� �������h��t�+��z�\�(� 0��U��횒�.��@��O1S��~��Zѵ��Z=���l��-W���e�K���O endstream... {lkq��6�Ɖ�Q#n ��YY �����%*O�l>�9�S��L^7�Kt`�'���o�g#�}T�곸���%�'�ٓÈ��Zs4�f�n��P�7x�����_����vn��@�%cV�&<��@4v5�G�#�9�Ȼj��œ����MY��������ot��Y��CS�����-��0�⇹z/a}�")�73Q[�g"�`�R�e3%x$�D%\��i���r@2L�MTm�U���8��c*� k���٥t� D�U7�qDu�z�Q���B<:���̀��C�&�d�A�#:|F���M"�g�u���ڴ/:�s�L��� ���(�\�6�����h�k��'����}�\�����mg{|��Qø$���n�ڦ�v���~�� �Ji���C�0�o�"I��IDd ���N@�6y�Y{�͚T�k�!�R�K�����4<{��FV�m���J���%���u ���5F��Fs�F�?�@V�2�}m��N�Ad���UGH��Tٔ.��.��=��}�G�3bz ��b�%n�� �|� f����R�Ř�?��Kw�w�8��a%���Ni��&��.r��G��V�zs�E.8�0��9��ȷ�UIl���EI�Q�@����"�t>gC5 o�|�)U�"��$���N�t����8J��P� �6�]t���\�,�B�]u^E�`1w����eo\����c&��T`K��+�����9��®wLoMKZL�njc>]�T5�Ք� �� =���U^mz<�Q�hO�4�`[��6%���ց!� ����������OAlX�Z4� o��N���;�47-&U����أ������69)��IBK�? �A0�cEq4��L�� oˈmǕ(T��Ox����&�(���F(��A,�R�{��6�k�w�l�U��9�l���g��Uƅ�{C�<�0 o�8Rf�Ɩ��r3�d�Vx� �-��3��>u�M-���Y�+�oU��9'��0�����66>84�<�@k�}i������ �� y@:iQ^l@�Nڼ�F�������Α�T�.�lQ[��rtUA��{�-'u�{�mC�1��C�cC �߬�ɠ܌�4�.d���*�����B�}%���cMR�۵�X�ce�z['XW ణ����< E�mQ\�c͏�<7��E�vdƿ�y� m����X�J^�Q+r����JKX�,�z�B7'�h%�3��Z�8���i��\�R��]u����6���6�> V��^�:u�+��A�/e�,�,×4�݊��]��e�dܘlV���<��y���r4mb�# 2�fo����&rw@�+��V����ݴ`O���q;���3h`���Ib��:,�:�pA�7p%�֟�|\�q�xj!�F� ߡ3t�����"�^a a\Ϙ�W�!M�KznM�� �fp��@t%k�]@�zp�CO1��P΋��aK��0�N��l�>{��4�����z�f�R�����tq���[�������`�ଇyJ����Z/&�R+8C�_�Z]L��n����z��Z��7��ϝ2{��|��^r���K ��g�?|#�ib��M�"��H^�t�U� >���K�ė�??? ?#O}�m"�k��u����Q W-\�p�:D4<��&i��I�6��=Z㍣�'�w�:��c ۚɊ�'x�W&u2ՠ�&eD �W��� ���^�����ob'���F2Y�1P�a$-´�H�"b s�Bv�4�"�D� R����0����5�ɍr"���y⟪剛����&s/ƞ�t�=Ӎ� �\n�x_����:��sӆ���;"S���rtʖ/'�g�γ�[��'�X��)�Q�V���o8wbX��b�3��`� ��!x��4��ʧ�%�?7�b����" �/N'X2��mY�C�` hRYANA��Ne $�|��[+fMFH�*�� :�`Efy � {m�-�\G��6�K �ũp��.��P�~ǒCr�S�Ln�K�T� w*V����D��=hq,�7@�RC��2+&K� �3����F/�b�Pe+KVD�c������!k]�W�.'�X*�"�,8����cj�67����_Xa�Є�>Y� H�?�� q( 8���AYC���('���¾�yu���  ����j���(K�����=��y0$2���b���Ձ{�E_pÑz��%�h4f�����(�ßg+CT�#�bǴ�vE��M�A���:V_���jW�-����b~`v�~�N�|s��:����_et7�s�Q2b�<$�F�pm�s����I�V[ӛ�����#n�/�86 T4��2u�Y����"�1�/k�0���PǺ@w���"�84I���٢��q+�l��-TL���_�L�����Ø,/��J&���,�k�m�Q-���"9X�� @^�u!�V{0�ڢ��̄��,�I K�J�1���,�c�bv�A�~��LqQ�.��W�߄(.

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McKinsey & Company, a global management consulting firm, has been at the forefront of helping organizations navigate the complexities of quantum computing and harness its power for strategic advantage. McKinsey has been actively involved in researching and analyzing the impact of quantum computing on various sectors, including finance, healthcare, logistics, and more. The firm's team of experts combines deep industry knowledge with technical proficiency to guide clients in understanding the opportunities and challenges presented by quantum technologies. McKinsey's approach to quantum computing involves assessing the readiness of organizations to adopt quantum solutions, identifying use cases where quantum algorithms can deliver significant value, and developing strategies to integrate quantum capabilities into existing... McKinsey has developed a comprehensive framework for quantum computing that encompasses technology assessment, business case development, talent readiness, and organizational impact analysis. This framework helps clients navigate the complexities of quantum computing and make informed decisions about investment and implementation.

By leveraging its proprietary tools and methodologies, McKinsey enables organizations to evaluate the potential benefits of quantum computing, assess risks and challenges, and chart a clear path towards quantum readiness. The firm's expertise in change management and organizational transformation further ensures that clients can successfully integrate quantum solutions into their operations. Quantum computing has captured the investment attention of the tech sector over the past few years, with estimates exceeding $60B to realize the incredible power and promise of quantum. Recently, however, it has become apparent that quantum networking - the ability to connect quantum systems in a way that doesn’t collapse the quantum state - will be key to realising this potential. With this, quantum networking is quickly becoming seen as its own market segment, supportive of but distinct from quantum computing and sensing. Recent market data and investment flows show that secure entanglement links are moving from research labs into commercial pilots and use-cases, attracting carriers, cloud providers, and dedicated start‑ups to what is expected to be...

Quantum Networking: An Evolving Layer in the Quantum Stack Quantum networking refers to the ability to enable entanglement of qubits (the fundamental element of quantum computing power) across different quantum processing units, either within a system or at distance.. This capability allows modular systems to work together in concert, providing ever-greater numbers of qubits (think: quantum horsepower) to address larger, more complex problems and workloads more easily. Quantum networking has emerged as a discrete layer within the world of quantum, rather than being a mere technical footnote of quantum computing. The 2025 McKinsey’s Quantum Technology Monitor, released at the end of last month, outlines three key technology areas in the quantum communications sector: quantum security (e.g. QKD and post‑quantum cryptography), quantum networking, and quantum communication services.

It also further subdivides the quantum networking area into those of regional networks, modular interconnects, and an eventual global “quantum internet.” With leading firms such as McKinsey defining market segments and value‑chain roles for... Market Scale, Growth and Emerging Use Cases The quantum networking market is both large and accelerating. McKinsey estimates put the total quantum communications sector at roughly US $1 billion in 2023, with quantum networking enabled offerings helping to lift the figure to $11-15 billion by 2035, a 22-25% CAGR. Even more interesting is the spend-shift from academia/government to commercial sectors during the analysis period. While academia/governments accounted for roughly 88-96 % of quantum‑communications spending in 2023, commercial segments (including telecom, cloud providers, financial services, automotive, and manufacturing) is forecast to reach up to 67% of this $11B -...

Telecom carriers and large data‑center operators alone will lift their share from ~2-6 % today to about 26 % in this timeframe. The inflection point is expected once metropolitan‑scale quantum‑backbone pilots move into production, letting banks, stock exchanges, and hyperscale cloud providers pay a premium for quantum‑safe links. The hardware side alone already spans photonic links, satellite free‑space channels, and fiber systems, with repeaters expected to unlock inter‑continental routes within the next decade.

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To that end, this year’s report provides a special deep dive into the fast-growing market of quantum communication, which could unlock the security needed for widespread QT uptake. Quantum technology encompasses three subfields: Our new research shows that the three core pillars of QT—quantum computing, quantum communication, and quantum sensing—could together generate up to $97 billion in revenue...

We Analyze Three Principal Areas Of The Field: Quantum Computing,

We analyze three principal areas of the field: quantum computing, quantum communication, and quantum sensing. The analysis is based on input from various sources, including publicly available data, expert interviews, and proprietary McKinsey analyses. The conclusions and estimations have been cross-checked across market databases and validated through investor reports, press releases, and expert i...

The United Nations Has Designated 2025 The International Year Of

The United Nations has designated 2025 the International Year of Quantum Science and Technology, celebrating 100 years since the initial development of quantum mechanics. Our research confirms that QT is gaining widespread traction worldwide. McKinsey’s fourth annual Quantum Technology Monitor covers last year’s breakthroughs, investment trends, and emerging opportunities in this fast-evolving lan...

Our New Research Shows That The Three Core Pillars Of

Our new research shows that the three core pillars of QT—quantum computing, quantum communication, and quantum sensing—could together generate up to $97 billion in revenue worldwide by 2035. Quantum computing will capture the bulk of that revenue, growing from $4 billion in revenue in 2024 to as much as $72 billion in 2035 (see sidebar “What is quantum technology?”). While QT will affect many indu...