Abstract The second quantum revolution has been producing groundbreaking scientific and technological outputs since the early 2000s; however, the scientific literature on the impact of this revolution on the industry, specifically on start-ups, is limited. In this paper, we present a landscaping study with a gathered dataset of 441 companies from 42 countries that we identify as quantum start-ups, meaning that they mainly focus on quantum technologies (QT) as their primary priority business. We answer the following questions: (1) What are the temporal and geographical distributions of the quantum start-ups? (2) How can we categorize them, and how are these categories populated? (3) Are there any patterns that we can derive from empirical data on trends? We found that more than 92% of these companies have been founded within the last 10 years, and more than 50% of them are located in the US, the UK, and Canada. We categorized the QT start-ups into six fields: (i) complementary technologies, (ii) quantum computing (hardware), (iii) quantum computing (software/application/simulation), (iv) quantum cryptography/communication, (v) quantum sensing and metrology, and (vi) supporting companies, and analyzed the population of each field both for countries, and temporally. Finally, we argue that low levels of quantum start-up activity in a country might be an indicator of a national initiative to be adopted afterwards, which later sees both an increase in the number of start-ups, and a diversification of activity in different QT fields.
Abstract The second quantum revolution has been producing groundbreaking scientific and technological outputs since the early 2000s; however, the scientific literature on the impact of this revolution on the industry, specifically on start-ups, is limited. In this paper, we present a landscaping study with a gathered dataset of 441 companies from 42 countries that we identify as quantum start-ups, meaning that they mainly focus on quantum technologies (QT) as their primary priority business. We answer the following questions: (1) What are the temporal and geographical distributions of the quantum start-ups? (2) How can we categorize them, and how are these categories populated? (3) Are there any patterns that we can derive from empirical data on trends? We found that more than 92% of these companies have been founded within the last 10 years, and more than 50% of them are located in the US, the UK, and Canada. We categorized the QT start-ups into six fields: (i) complementary technologies, (ii) quantum computing (hardware), (iii) quantum computing (software/application/simulation), (iv) quantum cryptography/communication, (v) quantum sensing and metrology, and (vi) supporting companies, and analyzed the population of each field both for countries, and temporally. Finally, we argue that low levels of quantum start-up activity in a country might be an indicator of a national initiative to be adopted afterwards, which later sees both an increase in the number of start-ups, and a diversification of activity in different QT fields.
Quantum technology has garnered considerable attention for its transformative potential across various industries since the early 2000s, precipitating a surge in quantum start-ups and substantial investments worldwide. However, comprehensive research on quantum technology in industries, particularly start-ups in the quantum field, remains limited. This study analyzes a dataset of 1,200 quantum start-ups from 40 countries, specifically focusing on 430 notable active start-ups. The analysis provides a thorough perspective on the industry’s progress, including trends in growth, geographical distribution, industry categorization, and investment patterns. The study categorizes start-ups into five domains: quantum computing, communication, sensing, hardware, and software. The analysis further captures the progress made by ten prominent quantum start-ups, six major technology companies, and quantum consortia regarding their technological innovations and strategic partnerships. We provide a comparative analysis of prior research to identify current conditions and future implications validated by notable studies, focusing on key parameters such as dataset scope, geographical distribution, growth trends, industry categorization, taxonomy, main interests in quantum fields, key players, and ecosystem identification. This approach underscores the dynamic growth of the quantum industry, which will drive future advancements.
This paper presents a formative market assessment of the quantum computing landscape in terms of market readiness of the technologies and the reported levels of investments. The findings presented in this paper are based on a quick scan of available literature combined with a perceptual map of the state-of-play. The paper considers the role of ‘big tech’ companies, the start-up ecosystem, and funding by nation states to identify key implications for the future of quantum computing developments. It highlights that although quantum computing technologies offer scope to revolutionise computing hardware and software, the development of a universal quantum computer will require breakthroughs in several areas including improvements in the quality of qubits, error correction, and demonstrable set of practical applications.
Quantum computing has evolved from a largely theoretical discipline into a field of growing interest for commercial and industrial applications. Recent advances in quantum hardware, algorithms, and cloud-based access have enabled early experimentation outside academic environments, raising questions about its potential impact on real-world decision-making and operational problems. This paper provides an overview of the current state of quantum computing with a focus on its emerging relevance in commercial contexts. It examines the categories of problems that have attracted attention from industry, particularly those involving high combinatorial complexity such as optimization, scheduling, logistics, and resource allocation. The analysis also reviews the global landscape of companies and initiatives engaged in quantum computing, highlighting different technological approaches, maturity levels, and regional characteristics. In parallel, the paper discusses the principal challenges and limitations that constrain widespread adoption, including hardware immaturity, algorithmic readiness, cost factors, and organizational requirements. By considering both opportunities and risks, this study aims to present a balanced and realistic perspective on the role quantum computing may play in business environments. The objective is to clarify the current position of quantum computing within the broader technological landscape and to support informed interpretation of its potential, limitations, and future trajectory in commercial applications.
Quantum computing is currently a topic of interest that harnesses the phenomena of quantum mechanics. It can address several scientific challenges and generate new business opportunities. Recently, for the first time in the history of quantum computing, the authors are starting to see practical applications. Keeping this in mind, this article is designed to explore the field without any required prerequisites. The authors start with a brief overview of the fundamentals of quantum computing and also outline several applications. The timeline for widespread adoption cannot be predicted, but quite a few organisations have built the first generation of quantum computers using various hardware technologies. The authors have briefly covered the wide landscape of hardware technologies. The first generation of quantum computers can be programmed using available software development kits and accessed using online cloud services. Furthermore, the growing trend in investments and patents in the field of quantum computing is also presented. A major reason for this trend is the threat that quantum computers pose against cryptography.
Abstract Switzerland was an early pioneer in quantum research with the establishment of national research centers, resulting in the attraction of talent and investment for quantum technology startups since at least the early 2000s. Several university centers and research centers in Zurich, Basel, Lausanne, and Geneva, and beyond form the backbone of a robust quantum technologies ecosystem. Most quantum technology companies and startups active in Switzerland draw their IP from university labs. Furthermore, ecosystem builders in the commercial and governance space are emerging, especially in Basel and Geneva, to ensure widespread access to quantum computing and diverse applications for the technology. The maturity of the quantum ecosystem in Switzerland has relied largely on a bottom-up approach, but the newly formed Swiss Quantum Initiative is aiming to bring a level of coordination to the diverse ecosystem.
Quantum computing has moved from a theoretical curiosity to a strategic technological priority for governments, hyperscale technology companies, and a fast-growing ecosystem of specialized start-ups. This survey provides a comprehensive, self-contained overview of the field as it stands in 2026. We first lay out the physical and mathematical foundations of quantum computation, superposition, entanglement, interference, and measurement, and contrast them systematically with classical computing. We then survey the competing hardware modalities (superconducting, trapped-ion, photonic, neutral-atom, topological, and spin qubits) and the logic gates and circuit model that operate on them, before reviewing the canonical quantum algorithms that motivate the field. We classify the major computing paradigms (gate-based, annealing, adiabatic, measurement-based, and topological), and examine the current state of the market, the national strategies of leading countries, and the roles played by IBM, Google, Microsoft, Amazon, NVIDIA, and a cohort of pure-play companies. Dedicated sections map undergraduate and graduate education pathways, including specific universities offering quantum-focused degrees, the domains in which quantum computers are expected to create value, and the career paths now opening in the field. We close with an explicit three-phase roadmap \qtoday{}, \qtomorrow{}, and the \qfuture{} and a candid discussion of the open scientific and engineering problems that stand between the present noisy intermediate-scale quantum (NISQ) era and a fault-tolerant, utility-scale quantum computing industry.