Quantum reservoir computing (QRC) uses the dynamics of a fixed or weakly tuned quantum system to transform temporal and sequential inputs into measured features, while training is typically confined to a classical readout. This separation reduces reliance on repeated quantum parameter updates and avoids the barren plateaus associated with variational circuit training. Its computational power is often attributed to the exponentially large Hilbert space of the quantum system. However, the memory, nonlinearity, and expressivity that determine what a reservoir can actually compute depend jointly on the input encoding, quantum evolution, observables, measurement, and readout, not on Hilbert space dimension alone. On hardware, these capabilities are further constrained by finite sampling, hardware noise, measurement backaction, and the cost of estimating observables, so a large state space alone does not guarantee useful computation. In this survey, we develop a common system model that connects these components and use it to organize QRC foundations, computational properties, reservoir architectures, operating protocols, and physical implementations. We examine spin, photonic, superconducting, bosonic, neutral atom, and other analog platforms, together with applications, software and high performance computing support, benchmarking, and reproducibility. The analysis distinguishes hardware demonstrations from simulations and identifies the assumptions and resources that govern comparisons across implementations. Current results do not establish a broad quantum advantage over well matched classical reservoirs. We therefore specify the resource accounting, benchmark standards, and theoretical criteria needed to evaluate claims of quantum advantage.

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