In the first five months of 2025, quantum technology investment has already reached 70% of 2024’s full-year total. What makes this even more notable is that this growth has come from only 25% of last year’s deal volume. This suggests that investors are concentrating capital into fewer, but much larger and more strategic rounds. The focus is shifting from early-stage research toward companies with clearer paths to commercialization.
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This trend reflects rising confidence in the business case for quantum computing. According to recent data from The Quantum Insider, vendors are no longer just building prototypes. They’re securing commercial contracts, often for full-stack systems that include hardware, software, training, and ongoing cloud access. This is a sign of growing demand from institutional buyers who expect operational value from quantum systems.
In 2024, commercial orders for quantum computers totaled $854 million, up 70% from $494 million in 2023. Vendors sold 41 systems last year, more than double the count from 2021. While more units are being sold, the average price per system has dropped to $19 million, down from a peak of $48 million in 2021. This suggests wider adoption across more geographies and sectors, as buyers seek to diversify risk and test systems at smaller scales.

Bigger Players, Broader Adoption
Public companies with quantum divisions have benefited from this momentum. IBM (IBM) and Honeywell (HON), which owns a majority stake in Quantinuum, are among the leaders in offering multi-year contracts bundled with cloud-based access and consulting. Meanwhile, pure-play quantum firms like IonQ (IONQ) and D-Wave (QBTS) have seen increased investor attention, with stock prices outperforming broader tech indices in early 2025.
Investor interest is also supported by national strategies in the U.S., Europe, and Asia, which continue to provide grants and contracts to companies in the quantum space. This policy support helps de-risk early adoption and encourages private capital to enter the market. According to industry data, 55% of all commercial quantum orders since 2012 have occurred in just the past two years.
Emerging Markets Drive Growth
Another sign of market maturity is the increasing interest in alternative quantum hardware. While superconducting systems still account for about 60% of the total order value, other modalities, such as trapped-ion, neutral atom, photonic, and NV diamond systems, are gaining ground. Some of this growth is coming from emerging markets and newer companies.
Firms like IQM and XeedQ have delivered lower-qubit systems to institutions in countries such as Colombia and Turkey, where quantum activity has been limited until recently. These smaller systems suggest that more budget-conscious organizations are starting to explore quantum technology through entry-level deployments.
For investors, the message is clear. Quantum technology is no longer limited to the lab. With rising sales, growing customer demand, and strategic capital backing, the industry is entering a new phase. As companies shift from experimentation to solving real-world problems, quantum computing may soon play a bigger role in enterprise tech and national infrastructure.
Using Tipranks’ Comparison Tool, we’ve assembled all the notable quantum stocks, pure-play companies, and larger-cap companies with quantum divisions and compared them to gain a broader perspective on the industry.

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