Quantum Communication Market

Report Code TC 9242
Published in Nov, 2024, By MarketsandMarkets™
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Quantum Communication Market by Solution (Quantum Detectors, Quantum Key Distribution (QKD), Quantum Random Number Generator (QRNG), Quantum-safe Cryptography), QKD Transmission Type (Fiber-based and Free-space/Satellite-based) - Global Forecast to 2030

 

Overview

The global quantum communication market size is projected to grow from USD 0.74 billion in 2024 to USD 5.54 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 39.6% during the forecast period. Quantum computers have started to emerge, and they are a proven threat against RSA and ECC encryption methods, so there is an urgent need for attention in sectors such as banking, finance, defense, and healthcare. This concern is raised further with the advent of “harvest now decrypt later” attacks, where data that has been encrypted and stored can be intercepted by threat actors to store them for a potential future quantum computer to decrypt it. Organizations are starting to adopt quantum communication technologies, including QKD, which utilizes some of the principles of quantum mechanics to secure key exchanges and transmit data properly. The increasing realization of vulnerabilities is responsible for the rapid implementation of quantum communication technologies. This encourages innovations and investments into secure solutions to protect confidential data across an ever-evolving digital spectrum.

Quantum Communication Market

Attractive Opportunities in the Quantum Communication Market

EUROPE

Europe market growth can be attributed to extensive research initiatives, collaborations between tech firms and academic institutions, and government-backed projects contribute to the region's leadership in quantum communication adoption.

Issues associated with integration of quantum communication solutions with existing systems and shortage of skilled personnel are expected to pose a challenge to the growth of this market.

Shift towards cloud-based solutions will provide opportunities for the quantum communication market.

The market's growth can be attributed to the escalating and sophisticated nature of quantum threats targeting networks, cloud infrastructure, and critical infrastructure globally.

The global quantum communication market is expected to be worth USD 5.54 billion by 2030, growing at CAGR of 39.6% during the forecast period.

Impact of AI/GEN AI on the Quantum Communication Market

The integration of Generative AI into quantum communication enhances the development of advanced algorithms and security protocols, improving data protection against emerging threats. By optimizing quantum key generation and distribution processes, AI-driven solutions can significantly bolster the resilience of communication systems in the face of evolving cyber challenges.

Quantum Communication Market Impact

Global Quantum Communication Market Dynamics

Driver: Increasing cyber threats boosting demand for robust quantum communication solutions

The growing threat of sophisticated cyberattacks is driving the adoption of quantum communication technologies. Traditional encryption methods are becoming vulnerable as advancements in quantum computing pose risks to widely used protocols like RSA and ECC. Quantum Key Distribution (QKD) offers a secure alternative by enabling tamper-proof key exchange, providing strong protection against cyber threats. As data breaches rise, organizations seek advanced solutions, and efforts like NIST's work on post-quantum cryptography standards highlight the urgency. The World Economic Forum projects that the annual cost of cybercrime could soar to USD 10.5 trillion by 2025, making quantum communication crucial for future data security.

Restraint: High Implementation Costs

The high costs of developing and implementing quantum communication systems pose a barrier to widespread adoption. The advanced hardware, software, and infrastructure required are expensive, and the need for skilled personnel adds to the financial burden. This makes it challenging for SMEs to invest in quantum communication solutions, slowing adoption rates and limiting deployment primarily to larger, resource-rich companies, which could restrict market growth.

 

Opportunity: Emphasis on data protection and privacy

The growing emphasis on data protection and privacy, driven by regulations and consumer awareness, presents a key opportunity for the quantum communications market. With increasing scrutiny on data handling, organizations need robust security solutions to protect sensitive information. Quantum communication, especially QKD, offers a secure method for key exchange and data transmission, appealing to industries like finance and banking. Additionally, organizations can enhance compliance with regulations like GDPR and CCPA. The organizations can build trust and gain a competitive edge by showcasing their commitment to data privacy.

Challenge: Regulatory and standardization challenges

The regulatory landscape for quantum communications is still in the developing stages, posing challenges to market growth and adoption. Governments worldwide are grappling with the evolving regulatory landscape for quantum communications, including major countries like the U.S., the European Union, China, and Japan. In the U.S., regulatory bodies are working to define quantum technologies within existing cybersecurity frameworks, while the European Union is facing challenges in creating unified regulations across its member states. In addition, the lack of established regulations and standards can discourage investment, as potential adopters seek clear guidelines. A cohesive regulatory framework and standardized protocols are essential for building trust and enabling the widespread adoption of quantum communications

Global Quantum Communication Market Ecosystem Analysis

The quantum communication ecosystem consists of advanced solutions like Quantum Key Distribution (QKD), Quantum Random Number Generators (QRNG), quantum-safe cryptography, and components like photon detectors, quantum detectors, quantum modulators and transceivers, and quantum repeaters. These technologies enable secure data transmission by leveraging quantum mechanics for cryptographic protection. Service providers offer the necessary infrastructure and integration expertise to deploy these solutions, while regulatory bodies set the standards and guidelines to ensure compliance and interoperability across industries. Together, they form a framework that ensures secure and future-proof communication networks.

Top Companies in Quantum Communication Market

Note: The ecosystem is not exhaustive and has been derived on a best-efforts basis.
Source: Secondary Literature, Interviews with Experts, and MarketsandMarkets Analysis

 

Based on QKD transmission type, the fiber-based QKD segment is expected to dominate the market during the forecast period.

Fiber-based Quantum Key Distribution (QKD) is expected to capture a larger market share in quantum communication due to its well-established infrastructure and ability to support secure, high-speed data transmission over long distances. As fiber networks are already widely deployed, integrating QKD into existing systems is more cost-effective and scalable, making it a preferred solution for sectors like finance, government, and telecommunications seeking quantum-safe communication. The growing demand for secure data channels, combined with advancements in fiber technology, further boosts its market potential.

The cloud deployment mode is expected to grow at the highest CAGR during the forecast period.

Cloud deployment in quantum communication is projected to experience the highest growth rate due to its flexibility, scalability, and cost-effectiveness. By leveraging cloud infrastructure, organizations can quickly adopt quantum-safe solutions like Quantum Key Distribution (QKD) without the need for extensive on-premises hardware investments. This deployment model is especially attractive for small businesses, as it allows for seamless, cost-effective integration of quantum technologies into existing operations while supporting remote access and collaboration across global networks.

Based on region, North America is expected to account for the largest market share during the forecast period.

In the North American market, the US holds the maximum revenue share, as most quantum communication solution providers in the region are constantly involved in product innovations and deployment/testing of quantum communication products. In North America, quantum communication adoption is being led by strong government initiatives, academic research, and private-sector investments. The U.S. leads the region, driven by the National Quantum Initiative Act, which provides a strategic framework for fostering advancements in quantum technologies, including communications.

HIGHEST MARKET SIZE MARKET IN 2024
CANADA FASTEST GROWING MARKET IN THE REGION
Quantum Communication Market Size and Share

Recent Developments of Quantum Communication Market

  • In April 2024, Toshiba has partnered with KT Corporation to showcase how hybrid quantum secure communications, combining Quantum Key Distribution (QKD) and Post-Quantum Cryptography (PQC), can protect financial networks from quantum cyberattacks. This demonstration was conducted at Shinhan Bank in South Korea.
  • In March 2024, IDQ has launched a quantum-safe communication ecosystem with partners HEQA Security, LuxQuanta, Quantum Optics Jena, and ThinkQuantum to drive the adoption of quantum networks. ID Quantique’s expanded ecosystem and open interfaces allow clients to utilize hybrid QKD networks, supporting continuous variables (CV), discrete variables (DV), and entanglement-based QKD.
  • In March 2024, Quantum Xchange has partnered with Juniper Networks, a leader in AI-driven secure networking, to deliver quantum-resistant data and communication networks to Managed Service Providers (MSPs), government agencies, and global enterprises.
  • In October 2023, 1touch.io and QuintessenceLabs formed a strategic partnership to bolster enterprise defenses against quantum computing threats. By combining 1touch.io’s cryptographic discovery capabilities with QuintessenceLabs’ quantum-resistant encryption, the collaboration enabled organizations to identify vulnerabilities and transition to post-quantum communication, ensuring long-term data protection and operational efficiency in the quantum era.

Key Market Players

List of Top Quantum Communication Market Companies

The Quantum Communication Market is dominated by a few major players that have a wide regional presence. The major players in the Quantum Communication Market are

  • Toshiba (Japan)
  • Thales (France)
  • IDEMIA (France)
  • ID Quantique (Switzerland)
  • Quintessence Labs (Australia)
  • QuantumCtek (China)
  • Quantum Opus (US)
  • Nu Quantum (UK)
  • Ki3 Photonics Technologies (Canada)
  • Miraex (Switzerland)
  • S-Fifteen Instruments (Singapore)

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Scope of the Report

Report Attribute Details
Market size available for years 2018-2030
Base year considered 2023
Forecast period 2024–2030
Forecast units Value (USD Million/USD Billion) 
Segments Covered By Offering, QKD Transmission Type, Deployment Mode, Organization Size, Vertical, and Region.
Regions covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

 

Key Questions Addressed by the Report

What are the opportunities in the global quantum communication market?
The main opportunities in the quantum communication market are the rise of quantum-safe encryption solutions, which presents new markets for technology providers, and advancements in Quantum Key Distribution (QKD), which create potential for commercial applications in secure networking. Additionally, partnerships and government investments in quantum technologies are fueling innovation and expansion.
What is the definition of the quantum communication market?
According to MnM, “The Quantum Communications Market refers to the industry focused on developing, deploying, and commercializing technologies that leverage the principles of quantum mechanics to enable secure data transmission and communication. This market encompasses a range of products and services, including Quantum Key Distribution (QKD) systems, Quantum Random Number Generators (QRNG), and associated network infrastructure. The primary goal is to provide enhanced security features, such as quantum-resistant encryption, that protect against classical and quantum-based cyber threats."
Which region is expected to show the highest market share in the quantum communication market?
North America is expected to account for the largest market share during the forecast period.
What are the major market players covered in the report?
Major vendors, namely, include Toshiba (Japan), Thales (France), IDEMIA (France), ID Quantique (Switzerland), QuintessenceLabs (Australia), QuantumCTek (China), Qubitekk (US), Quantum Xchange (US), HEQA Security (Israel), MagiQ Technologies (US), Crypta Labs (UK), SpeQtral (Singapore), QEYnet (Canada), Qulabs (India), Quantropi (Canada), Qudoor (China), QTI SRL (Italy), nodeQ (UK), ThinkQuantum (Italy), Arqit (UK), Aliro Quantum (US), NuCrypt (US), Quantum Opus (US), Ki3 Photonics Technologies (Canada), Miraex (Switzerland), S-Fifteen Instruments (Singapore), QphoX (Netherlands), and Qunnect (US).
What is the current size of the global quantum communication market?
In 2024, the global quantum communication market is estimated to reach USD 0.74 billion.

 

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Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
INTRODUCTION
1
  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
    INCLUSIONS AND EXCLUSIONS
  • 1.3 MARKET SCOPE
    MARKET SEGMENTATION
    YEARS CONSIDERED
  • 1.4 CURRENCY CONSIDERED
  • 1.5 STAKEHOLDERS
RESEARCH METHODOLOGY
2
  • 2.1 RESEARCH DATA
    SECONDARY DATA
    PRIMARY DATA
    - Breakup of primaries
    - Key industry insights
  • 2.2 MARKET BREAKUP AND DATA TRIANGULATION
  • 2.3 MARKET SIZE ESTIMATION
    TOP-DOWN APPROACH
    BOTTOM-UP APPROACH
  • 2.4 MARKET FORECAST
  • 2.5 RESEARCH ASSUMPTIONS
  • 2.6 STUDY LIMITATIONS
EXECUTIVE SUMMARY
3
PREMIUM INSIGHTS
4
  • 4.1 BRIEF OVERVIEW OF THE QUANTUM COMMUNICATION MARKET
  • 4.2 QUANTUM COMMUNICATION MARKET, BY OFFERING, 2024–2030
  • 4.3 QUANTUM COMMUNICATION MARKET, BY QKD TRANSMISSION TYPE, 2024–2030
  • 4.4 QUANTUM COMMUNICATION MARKET, BY DEPLOYMENT MODE, 2024–2030
  • 4.5 QUANTUM COMMUNICATION MARKET, BY ORGANIZATION SIZE, 2024–2030
  • 4.6 QUANTUM COMMUNICATION MARKET, BY VERTICAL, 2024–2030
  • 4.7 QUANTUM COMMUNICATION MARKET INVESTMENT SCENARIO BY REGION
MARKET OVERVIEW AND INDUSTRY TRENDS
5
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    RESTRAINTS
    OPPORTUNITIES
    CHALLENGES
  • 5.3 IMPACT OF GEN AI ON THE QUANTUM COMMUNICATION MARKET
    TOP USE CASES & MARKET POTENTIAL
    IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS
  • 5.4 CASE STUDY ANALYSIS
    CASE STUDY 1
    CASE STUDY 2
    CASE STUDY 3
    CASE STUDY 4
    CASE STUDY 5
  • 5.5 QUANTUM COMMUNICATION TECHNOLOGY EVOLUTION
  • 5.6 VALUE CHAIN ANALYSIS
  • 5.7 ECOSYSTEM
  • 5.8 PORTER’S FIVE FORCES ANALYSIS
  • 5.9 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY OFFERING
    INDICATIVE PRICING ANALYSIS, BY QKD TRANSMISSION TYPE
  • 5.10 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - QUANTUM KEY DISTRIBUTION (QKD)
    - QUANTUM ENTANGLEMENT
    - QUANTUM TELEPORTATION
    COMPLIMENTARY TECHNOLOGIES
    - POST-QUANTUM CRYPTOGRAPHY
    - BLOCKCHAIN TECHNOLOGY
    - QUANTUM SENSING
    ADJACENT TECHNOLOGIES
    - AI/ML
    - QUANTUM PHOTONICS & OPTICS
  • 5.11 PATENT ANALYSIS
  • 5.12 TRADE ANALYSIS
    IMPORT SCENARIO
    EXPORT SCENARIO
  • 5.13 TARIFF AND REGULATORY LANDSCAPE
    TARIFF DATA (HS CODE: 9013) – PHOTON SOURCES
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    KEY REGULATIONS
  • 5.14 KEY STAKEHOLDERS & BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.15 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
  • 5.16 KEY CONFERENCES AND EVENTS IN 2024-25
  • 5.17 INVESTMENT AND FUNDING SCENARIO
  • 5.18 QUANTUM COMMUNICATION APPLICATION COVERAGE
    SECURE COMMUNICATION
    CRYPTOGRAPHIC KEY DISTRIBUTION
    DATA CENTRE CONNECTIVITY
    SATELLITE COMMUNICATION
    NETWORK SECURITY
    BLOCKCHAIN SECURITY
    IOT SECURITY
    DIGITAL RIGHTS MANAGEMENT (DRM) AND IP
    FINANCIAL TRANSACTION SECURITY
    - SECURE CLOUD STORAGE
    - QUANTUM NETWORK DEPLOYMENT
    - CRITICAL INFRASTRUCTURE PROTECTION
    - OTHER APPLICATIONS (QUANTUM RADAR, QUANTUM IMAGING, AND QUANTUM METROLOGY)
QUANTUM COMMUNICATION MARKET, BY OFFERING
6
  • 6.1 INTRODUCTION
    OFFERING: QUANTUM COMMUNICATION MARKET DRIVERS
  • 6.2 SOLUTIONS
    QUANTUM COMMUNICATION COMPONENTS
    - Photon sources
    - Quantum detectors
    - Quantum repeaters
    - Quantum modulators and transceivers
    QUANTUM KEY DISTRIBUTION (QKD) SOLUTIONS
    QUANTUM RANDOM NUMBER GENERATOR (QRNG)
    - Hardware-based QRNG
    - Software-based QRNG
    QUANTUM-SAFE CRYPTOGRAPHIC SOLUTIONS
  • 6.3 SERVICES
    PROFESSIONAL SERVICES
    - Training & Consulting
    - Deployment & Integration
    - Support & Maintenance
    MANAGED SERVICES
QUANTUM COMMUNICATION MARKET, BY QKD TRANSMISSION TYPE
7
  • 7.1 INTRODUCTION
    QKD TRANSMISSION TYPES: QUANTUM COMMUNICATION MARKET DRIVERS
  • 7.2 FIBRE-BASED QKD
  • 7.3 FREE-SPACE/SATELLITE-BASED QKD
QUANTUM COMMUNICATION MARKET, BY DEPLOYMENT MODE
8
  • 8.1 INTRODUCTION
    DEPLOYMENT MODE: QUANTUM COMMUNICATION MARKET DRIVERS
  • 8.2 ON-PREMISES
  • 8.3 CLOUD
QUANTUM COMMUNICATION MARKET BY ORGANIZATION SIZE
9
  • 9.1 INTRODUCTION
    ORGANIZATION SIZE: QUANTUM COMMUNICATION MARKET DRIVERS
  • 9.2 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
  • 9.3 LARGE ENTERPRISES
    QUANTUM COMMUNICATION MARKET, BY VERTICAL
QUANTUM COMMUNICATION MARKET, BY VERTICAL
10
  • 10.1 INTRODUCTION
    VERTICAL: QUANTUM COMMUNICATION MARKET DRIVERS
  • 10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
  • 10.3 GOVERNMENT & DEFENSE
  • 10.4 HEALTHCARE
  • 10.5 AEROSPACE
  • 10.6 IT & TELECOMMUNICATION
  • 10.7 ENERGY & UTILITIES
  • 10.8 ACADEMIA & RESEARCH
  • 10.9 OTHER VERTICALS
QUANTUM COMMUNICATION MARKET BY REGION
11
  • 11.1 INTRODUCTION
  • 11.2 NORTH AMERICA
    NORTH AMERICA: MARKET DRIVERS
    NORTH AMERICA: MACROECONOMIC OUTLOOK
    UNITED STATES (US)
    CANADA
  • 11.3 EUROPE
    EUROPE: MARKET DRIVERS
    EUROPE: MACROECONOMIC OUTLOOK
    UNITED KINGDOM (UK)
    GERMANY
    FRANCE
    ITALY
    REST OF EUROPE
  • 11.4 ASIA PACIFIC
    ASIA PACIFIC: MARKET DRIVERS
    ASIA PACIFIC: MACROECONOMIC OUTLOOK
    CHINA
    JAPAN
    INDIA
    SINGAPORE
    REST OF ASIA PACIFIC
  • 11.5 MIDDLE EAST & AFRICA
    MIDDLE EAST & AFRICA: MARKET DRIVERS
    MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK
    GCC COUNTRIES
    - KSA
    - UAE
    - REST OF GCC COUNTRIES
    SOUTH AFRICA
    REST OF MIDDLE EAST & AFRICA
  • 11.6 LATIN AMERICA
    LATIN AMERICA: MARKET DRIVERS
    LATIN AMERICA: MACROECONOMIC OUTLOOK
    BRAZIL
    MEXICO
    REST OF LATIN AMERICA
COMPETITIVE LANDSCAPE
12
  • 12.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
  • 12.2 REVENUE ANALYSIS
  • 12.3 COMPANY VALUATION AND FINANCIAL METRICS
  • 12.4 MARKET SHARE ANALYSIS
  • 12.5 BRAND/PRODUCT COMPARISON
  • 12.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company Footprint
    - Region Footprint
    - Offering Footprint
    - Deployment Mode Footprint
    - Vertical Footprint
  • 12.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - Detailed List of Key Startups/SMEs
    - Competitive Benchmarking of Key Startups/SMEs
  • 12.8 KEY MARKET DEVELOPMENTS
    NEW LAUNCHES
    DEALS
COMPANY PROFILES
13
  • 13.1 KEY PLAYERS
    TOSHIBA
    ID QUANTIQUE
    QUINTESSENCELABS
    QUANTUMCTEK
    QUBITEKK
    QUANTUM XCHANGE
    HEQA SECURITY
    MAGIQ TECHNOLOGIES
    CRYPTA LABS
    SPEQTRAL
  • 13.2 OTHER KEY PLAYERS
    QEYNET
    QULABS
    QUANTROPI
    QUDOOR
    QTI QUANTUM TELECOMMUNICATIONS ITALY
    NODEQ
    THINKQUANTUM
    ARQIT
    ALIRO QUANTUM
    NUCRYPT
    QUANTUM OPUS
    KI3 PHOTONICS
    MIRAEX
    S-FIFTEEN INSTRUMENTS
    QPHOX
    QUNNECT
ADJACENT MARKETS
14
  • 14.1 INTRODUCTION TO ADJACENT MARKETS
  • 14.2 LIMITATIONS
  • 14.3 QUANTUM COMMUNICATION: ADJACENT MARKETS
    QUANTUM CRYPTOGRAPHY MARKET
    QUANTUM NETWORKING MARKET
APPENDIX
15
  • 15.1 DISCUSSION GUIDE
  • 15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 15.3 AVAILABLE CUSTOMIZATIONS
  • 15.4 RELATED REPORTS
  • 15.5 AUTHOR DETAILS

The study involved estimating the current quantum communication market size significantly. Exhaustive secondary research was done to collect information on the quantum communication industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the quantum communication market.

Secondary Research

The market for the companies offering quantum communication solutions and services is arrived at by secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality. Various sources were referred to in the secondary research process to identify and collect information for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, and articles from recognized authors, directories, and databases.

In the secondary research process, various secondary sources were referred to to identify and collect information related to the study. Secondary sources included annual reports, press releases, and investor presentations of quantum communication vendors, forums, certified publications, and whitepapers. The secondary research was used to obtain essential information on the industry’s value chain, the total pool of key players, market classification, and segmentation from the market and technology-oriented perspectives.

Primary Research

In the primary research process, various supply and demand sources were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the quantum communication market.

After the complete market engineering (calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also undertaken to identify the segmentation types, industry trends, competitive landscape of quantum communication solutions offered by various market players, and fundamental market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies.

In the complete market engineering process, the top-down and bottom-up approaches and several data triangulation methods were extensively used to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.

Quantum Communication Market Size, and Share

Note: The companies have been categorized based on their total annual revenue; tier 1 companies
= revenue greater than USD 10 billion; tier 2 companies = revenue between USD 1 billion and USD 10 billion;
tier 3 companies = revenue between USD 500 million and USD 1 billion.
Other levels include sales managers, marketing managers, and product managers.
Source: MarketsandMarkets Analysis

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the global quantum communication market and the size of various other dependent sub-segments in the overall quantum communication market. The research methodology used to estimate the market size includes the following details: key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of the top market players, and extensive interviews were conducted for key insights from the industry leaders, such as CEOs, VPs, directors, and marketing executives.

All percentage splits and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added to detailed inputs and analysis from MarketsandMarkets.

Quantum Communication Market : Top-Down and Bottom-Up Approach

Quantum Communication Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

According to MnM, “The Quantum Communications Market refers to the industry focused on developing, deploying, and commercializing technologies that leverage the principles of quantum mechanics to enable secure data transmission and communication. This market encompasses a range of products and services, including Quantum Key Distribution (QKD) systems, Quantum Random Number Generators (QRNG), and associated network infrastructure. The primary goal is to provide enhanced security features, such as quantum-resistant encryption, that protect against classical and quantum-based cyber threats.”

Stakeholders

  • Government Agencies
  • Quantum communication solution and service providers
  • System Integrators
  • Value-added Resellers (VARs)
  • Distribution Partners
  • Managed Service Providers

Report Objectives

To define, describe, and forecast the quantum communication market based on - offering, QKD transmission type, deployment mode, organization size, vertical, and region.

  • To define, describe, and forecast the quantum communication market based on - offering, QKD transmission type, deployment mode, organization size, vertical, and region.
  • To forecast the market size of five main regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America
  • To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market.
  • To provide detailed information related to the primary factors (drivers, restraints, opportunities, and challenges) influencing the growth of the quantum communication market.
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the quantum communication market.
  • To profile the key players of the quantum communication market and comprehensively analyze their market size and core competencies.
  • Track and analyze competitive developments, such as new product launches, mergers and acquisitions, partnerships, agreements, and collaborations in the global quantum communication market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:

Geographic Analysis as per Feasibility

  • Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
  • Further breakup of the North American market into countries contributing 75% to the regional market size
  • Further breakup of the Latin American market into countries contributing 75% to the regional market size
  • Further breakup of the Middle Eastern and African market into countries contributing 75% to the regional market size
  • Further breakup of the European market into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

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