The global quantum computing market is moving past early optimism as it enters a 'show me' phase, according to the 2026 Quantum Readiness Report by QuEra Computing. Organisations are increasingly seeking evidence of progress and clear paths to commercial value to guide their investments.
Survey data shows that 62% of organisations report moderate to significant limitations with classical computing, creating demand for quantum technologies. Confidence has decreased slightly, with 25% of respondents describing their country as well-positioned in quantum computing, down from 45% the previous year.
This does not reflect a loss of interest but indicates a demand for more measurable outcomes. Yuval Boger, Chief Commercial Officer at QuEra Computing, described the market as moving 'from belief to benchmarking.' While engagement is increasing, only 55% of organisations consider themselves 'somewhat or very prepared,' a ten-point decline from last year.
The report identifies a 'preparedness paradox,' where deeper understanding and higher expectations have raised the threshold for readiness. Larger organisations report lower preparedness than smaller ones, often due to complex legacy systems and competing internal priorities.
Talent availability is also a significant constraint, with 37% of respondents citing it as a key challenge. Boger noted that workforce development is a strategic priority rather than solely a human resources issue.
Confidence varies by region. Respondents in the UK and US reported high confidence levels—88% and 82%, respectively—while only 51% of EU respondents expressed similar confidence, indicating a more cautious and structured approach in Europe.
Simulation applications, particularly in materials science, chemistry, and drug discovery, are seen as the most immediate areas for quantum advantage. Organisations in these sectors face computational limits that make early adoption more practical.
Investment decisions are increasingly based on measurable outcomes rather than expectations alone. Nearly half of respondents expect quantum budgets to remain stable in 2026, while 10% anticipate decreases. Timeline expectations remain ambitious, with 43% predicting quantum systems will surpass classical capabilities within five years, and an additional 37% projecting this within ten years.
Part one of the 2026 Quantum Readiness Report highlights a shift from hype-driven approaches to outcome-focused adoption, with further insights on investment strategies and commercial adoption expected in future releases.
