IBM anticipates that quantum computing will start generating significant revenue by 2028 or 2029, driven by its potential to uncover new material behaviors and applications in fields like energy and pharmaceuticals. The company's quantum computers are already demonstrating capabilities beyond those of conventional computers, with potential uses in areas such as battery development and drug discovery. IBM's investments in quantum hardware, including a planned standalone chip foundry, are expected to further accelerate progress in the field. According to IBM CEO Arvind Krishna, the company's research demonstrates the growing commercial potential of quantum computing, which is expected to reach a trillion-dollar value by the end of the 2030s1. This rapid advancement in quantum computing increases the urgency for cryptographic migration and post-quantum cryptography planning, as the timeline for potential quantum-based threats to current encryption methods narrows.
IBM CEO Expects Quantum Computing to Drive Revenue by 2020s, Trillion-Dollar Value by End of 2030s
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Why This Matters
Quantum developments from IBM narrow the timeline on cryptographic migration — PQC planning urgency increases.
References
- The Quantum Insider. (2026, July 31). IBM CEO Expects Quantum Computing to Drive Revenue by 2020s, Trillion-Dollar Value by End of 2030s. *The Quantum Insider*. https://thequantuminsider.com/2026/07/31/ibm-ceo-expects-quantum-computing-to-drive-revenue-by-2020s-trillion-dollar-value-by-end-of-2030s/
Original Source
The Quantum Insider
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