Quantum-based technologies will enable novel approaches to sensing, communication and computing. Public and private investments around the world are leading to advances in hardware and software, and in the component technologies that are critical to more powerful and useful systems. Although still in its early stages, the quantum industry has enormous economic potential and innovation is taking place worldwide—at companies ranging from large multinational corporations to small startups. Our organizations seek to build trusted communities. We aim to grow the ecosystem of researchers, suppliers and developers, with the goal of creating a robust and vibrant global quantum economy. On World Quantum Day, we reflect on the progress that is being made to realize the potential of quantum to impact our lives and society and look forward to the advances that are on the horizon and beyond.