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Quantum Key Distribution (QKD) Market is expected to reach 4870 million USD by the end of 2023
Quantum Key Distribution (QKD) uses physics instead of mathematics to encode messages, which provides greater security.
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Global Quantum Key Distribution (QKD) Market: Forecast by Type / Application / Region
For the Quantum Key Distribution (QKD) market, the target clients are the government, financial companies, corporations, medium-sized business and universities. At the moment, sales of QKD systems appear to be restricted to certain high-end financial systems and classified government communications. In the previous year, Financial segment dominated the market with the share of 37.61%, followed by Government segment and Military & Defense segment, which accounted for the market of 30.90% and 27.16% respectively. Further development requires diversifying into new applications.
In the forecast period, the global Quantum Key Distribution (QKD) market size is estimated to grow to $4868.13 million by 2023 from $1712.41 million in 2018, growing at an estimated CAGR of 23.24% between 2018 and 2023. Ambitious plans for QKD networks exist in US (Battelle), Japan (NICT) and China (QuantumCTek).
The global Quantum Key Distribution (QKD) market is valued at 1300 million USD in 2017 and is expected to reach 4870 million USD by the end of 2023, growing at a CAGR of 24.7% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Quantum Key Distribution (QKD).
Europe also play important roles in global market, with market size of x million USD in 2017 and will be x million USD in 2023, with a CAGR of x%.
Global Nonferrous Metal Recycling Market:Key Players
ID Quantique
SeQureNet
Quintessence Labs
MagiQ Technologies
Toshiba
QuantumCTek
Qasky
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Related Information:
United States Quantum Key Distribution (QKD) Market 2018 Forecast to 2023
Europe Quantum Key Distribution (QKD) Market 2018 Forecast to 2023
North America Quantum Key Distribution (QKD) Market 2018 Forecast to 2023
Asia-Pacific Quantum Key Distribution (QKD) Market 2018 Forecast to 2023
China Quantum Key Distribution (QKD) Market 2018 Forecast to 2023
EMEA Quantum Key Distribution (QKD) Market 2018 Forecast to 2023
Global Quantum Key Distribution (QKD) Market 2018 Forecast to 2023
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